Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: BigKNY3 who wrote (5325)	9/1/1998 8:52:00 AM
From: Anthony Wong	Respond to of 9523

Analysts' Favorite Stocks Are Mostly Long-Term Investments (excerpt): Richard Bernstein, chief quantitative strategist for Merrill Lynch & Co. in New York, said he believes the best value can be found in high-quality large caps. "What the market is valuing in stocks is not the fundamentals but the certainty of those fundamentals," he said. "If you include a variable for certainty when you value them, it makes these high-cap guys look cheap." Bernstein said in the current economic environment, it doesn't matter that small-cap companies are trading at lower multiples or have fallen further than their larger cousins. "Value has never outperformed growth when the profit cycle is decelerating, which it is currently," he said. Two sectors in particular - pharmaceuticals and higher-quality retail stocks - can be considered bargain buys now, he said. smartmoney.com