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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: Just My Opinion who wrote (3147)	9/19/1998 12:03:00 AM
From: Just My Opinion	Read Replies (1) \| Respond to of 3817

Does anybody happen to have Abby's phone number handy? Ha! BN 9/18 Goldman's Cohen Recommends Computer, Oil and Bank Shares ;-) Goldman's Cohen Recommends Computer, Oil and Bank Shares New York, Sept. 18 (Bloomberg) -- Goldman Sachs & Co. investment strategist Abby Joseph Cohen is still bullish on U.S. stocks even after they've been pummeled for two months. She recommends bank, oil and computer shares such as Dell Computer Corp. Cohen, one of the market's most most-influential analysts, repeated her forecast that the U.S. economy won't be dragged into recession in 1998 or 1999 by economic turmoil in Latin America and Asia. In a conference call with clients, she said the 14 percent decline in the benchmark Standard & Poor's 500 Index since July 17 was unwarranted. ''At current stock prices, equities are implying a recession that we do not think will occur,'' Cohen said. ''Trouble in the global economies is nothing new. We are concerned about recent developments, but we think U.S. investors have overreacted.'' Cohen has been one of the most bullish -- and accurate -- stock market analysts, but she was caught off guard by the recent declines. Her public comments throughout have been upbeat. Cohen pointed out that economic problems in Japan, the world's second largest economy, have been a staple of the 1990s. She repeated her view that the U.S. economy is a ''supertanker'' that can weather global storms. ''We think that analogy still holds.'' She said Russia, in the midst of an economic crisis, accounts for just 0.7 percent of U.S. foreign trade. Brazil, which economists believe may also fall into recession, buys less than 2 percent of U.S. exports. Cohen recommended retailers Gap Inc. and Federated Department Stores, banks Citicorp. and Chase Manhattan Corp., credit-card issuer Providian Financial Corp. and computer-related bellwethers Intel Corp., Microsoft Corp. and Dell Computer Corp. --Philip Boroff in the New York newsroom (212) 318-2602 /ag