New to the thread - Thought you might be interested in this Bloomberg article on Rukeyser
quote.bloomberg.com
Colonial's Stoeckle Recommends Tech Companies on 'Rukeyser'
Owings Mills, Maryland, Feb. 26 (Bloomberg) -- Technology and financial companies were amongthose recommended by Colonial U.S. Growth and Income Fund manager Mark Stoeckle on Public Broadcasting System's ''Wall Street Week With Louis Rukeyser.'' ''The outlook for those companies still continues to be very good,'' Stoeckle said, referring in particular to Texas Instruments Inc. and Applied Materials Inc. Shares of both companies fell this week on concern
over slowing personal- computer sales.
Applied Materials, the No. 1 chip-equipment maker, fell 12 5/8, or 18 percent, to 55 5/8 over the past two days as investors felt that slowing sales would mean less demand for computer chips. Texas Instruments fell 15 3/4, or 15 percent, to 89 3/16 from a 52-week high of 104 15/16 reached on Feb. 24.
Stoeckle, who invests in large companies, said those companies continue to be good investments because many have reduced costs and focused on their areas of strength. He said he hasn't invested in Dell Computer Corp. because the expectations for its stock performance are too high. |
