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To: James Fulop who wrote (25839)	7/16/1999 10:59:00 AM
From: Ed Forrest	Read Replies (1) \| Respond to of 41369

Stocks Wall Street likes Some of the nation's top investment firms reveal their top stock picks July 15, 1999: 7:48 p.m. ET NEW YORK (CNNfn) - Wall Street's top investment firms regularly compile lists of stocks poised to outperform the broader market. The names for the lists may vary. Salomon Smith Barney calls theirs "Ten + Exceptional Names." At Merrill Lynch, it's "Focus 1." Lehman Brothers dubs theirs "10 Uncommon Values." But for the big brokerages, the goal of these lists is the same: making money for their clients. Salomon and Lehman recently released their annual tallies, with 15 and 10 stock picks, respectively. Merrill's compilation, with 24 names, is updated weekly. Bragging rights are on the line. Lehman said its portfolio rose 51.2 percent between June 30, 1998, and June 30, 1999. Salomon said its picks gained a collective 42.79 percent between July 2, 1998, and July 2, 1999. While the two time periods differ slightly, both firms soundly beat the S&P 500 index during either period. For the fiscal year ahead, the three lists have few stocks in common. Only two companies appear in two firm's lists. No stocks show up in all three tallies. Tyco International, the diverse manufacturer, made the Lehman and Salomon compilations. KLA-Tencor, which produces monitoring systems used by semiconductor makers, shows up in Salomon's and Merrill's tallies. To make matters more confusing, some firms pick competing companies. Merrill likes biotechnology firm Genzyme; Salomon prefers rival Amgen. Lehman recommends No. 1 long-distance telephone provider AT&T; Salomon favors MCI WorldCom, the No. 2 long-distance provider. The Lehman list: Click here for current price and profile: cnnfn.com #1: American Online AT&T Firstar Corp. Ford General Instrument Intel Corp KLA-Tencor Eli Lilly Microsoft Tyco In its 51st year, Lehman's tally emphasizes value, fundamental analysis, and unrealized potential, according to Jeffrey Applegate, Lehman's chief U.S. investment strategist. The "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," he said. In compiling the portfolio, Lehman's 125 senior analysts offer their top recommendations, which are then finalized by an investment policy committee. In the Lehman (LEH) list, many of the picks like America Online and Intel are off their 52-week highs. Other stocks like Microsoft have suffered on negative news.