PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.89

+0.7%

12:27 PM EST

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To: Bull-like who wrote (5645)	9/21/1998 3:20:00 PM
From: Anthony Wong	Read Replies (1) of 9523

11:06 Defensive, Multinational Stks Up If Rates Drop: Strategist NEW YORK (Dow Jones)--Defensive growth and multinational stocks could thrive into the new year, according to A.G. Edwards & Sons Inc. Chief Equity Strategist Stuart Freeman. Over the next several months, "we think the Fed has a good chance of dropping rates," Freeman told CNBC Monday, suggesting that a rate cut would help these stocks. Defensive growth and multinational stocks were hurt by the dollar's strength in the last few quarters, Freeman said. "A decline in the dollar later in the year would create an attractive environment for these stocks," he said. A decline could add "2% or 3% operating earnings growth for these stocks." Freeman likes Pfizer Inc. (PFE), Procter & Gamble Co. (PG), Coca-Cola Co. (KO) and First Union Corp. (FTU). - Jessica Madore; 201-938-5172 (END) DOW JONES NEWS 09-21-98 11:06 AM

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