SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?


To: denni who wrote (84778)7/1/1999 5:42:00 PM
From: puborectalis  Read Replies (1) | Respond to of 186894
 
Lehman's 10 'uncommon values' stock picks

By Julie Rannazzisi, CBS MarketWatch
Last Update: 4:14 PM ET Jul 1, 1999
NewsWatch

NEW YORK (CBS.MW) -- Lehman Brothers revealed its 10
"uncommon values" stock picks Thursday, with a selection that was
concentrated in technology.

The list included: America Online (AOL: news,
msgs), AT&T (T: news, msgs), Firstar Corp. (FSR:
news, msgs), Ford Motor Co. (F: news, msgs),
General Instrument Corp. (GIC: news, msgs), Intel
(INTC: news, msgs), KLA-Tencor (KLAC: news,
msgs), Eli Lilly (LLY: news, msgs), Microsoft
(MSFT: news, msgs) and Tyco International (TYC:
news, msgs).

"Our selections for the 'uncommon values' portfolio
reflect good old-fashioned, bottom-up stock
picking in which we identify those common stocks
that are poised to outperform the broader market
throughout the 12-month life of the portfolio," said
Lehman's Jeffrey Applegate, chief U.S. investment
strategist and chair of the committee that picks the
stocks from analysts' recommendations.

Investors will have the opportunity to invest in
1999's 10 uncommon values portfolio through a
Unit Investment Trust.

All ten of the stocks included in the list ended higher on Thursday. The
largest percentage gainers were: General Instrument, which rose 3 1/2, or
8.2 percent, to 46; KLA-Tencor, which put on 4 1/16, or 6.3 percent, to
68 15/16; and Intel, which climbed 3 3/8, or 5.7 percent, to 62 7/8.

Historically, Lehman said, the "uncommon values"
picks have done better than the S&P 500 index
($SPX: news, msgs) in the following year. The 10
stocks selected in the 1998 and 1999 period, for
example, rose 51.2 percent from June 1998
through June 1999 compared to a 21.1 percent
climb in the S&P 500 over the same period, Lehman noted.

Moreover, from 1949 -- when the "uncommon values" list was first
presented -- through 1999, the portfolios were up 251,897 percent as
opposed to a 9,227 percent rise for the S&P 500 during the same period,
Lehman (LEH: news, msgs) said.

It's the 51st year that Lehman's global equity research has made this kind
of selection.

Firstar and Tyco are the only stocks on this year's list that were also
among last year's selections.