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Hot Stocks On 'Louis Rukeyser's Wall Street'

Monday November 29, 10:44 AM

http://asia.news.yahoo.com/041129/5/1sb67.html

NEW YORK (Dow Jones)--The following companies were mentioned during the Nov. 26 airing of "Louis Rukeyser's Wall Street," which was guest hosted by CNBC's Consuelo Mack.

Symantec Corp. (SYMC); VeriSign Inc. (VRSN); Qualcomm Inc. (QCOM); Flextronics International Ltd. (FLEX); Procter & Gamble Co. (PG); Coca-Cola Co. (KO); Aetna Inc. (AET); W.R. Berkley Corp. (BER); Pulte Homes Inc. (PHM); Ashland Inc. (ASH); Haggar Corp. (HGGR), Audiovox Corp. (VOXX).

The year began with stock market expectations that were way too high coupled with tremendous political uncertainty; however as the year ends, "I feel pretty good about it," said Roger McNamee, co-Founder of Integral Capital Partners.

"As an investor I think that this is a stock picker's market; you still have to be very cautious, but I think that '05 has got good things available for us," McNamee said.

Additionally, he said the market environment is unlikely to change much over the next five or 10 years, which is unfortunate since people expected things would get a lot better coming out of the recession and after 9/11.

McNamee said the sectors he is most focused on are technology and media. "At the moment I think the balance very strongly favors the consumer side over enterprise technology," he said.

McNamee said he likes companies involved with security software such as Symantec and VeriSign. Additionally, he likes wireless data stocks, such as Qualcomm and Flextronics.

Nick Sargen, chief investment officer with Fort Washington Investment Advisors, said the only one clear trend in the market this year was higher oil prices. Looking ahead, however, he said, the major focus is on the dollar, which is likely headed lower.

Sargen said the real thing that needs to be avoided is a dollar crisis, where global investors become worried about owning dollar-denominated securities like U.S. bonds. In the event that that happens, Sargen said the Federal Reserve would likely take a more aggressive move in raising interest rates.

Sargen said he recommends Procter & Gamble and Coke, both of which are in the consumer arena.

Marty Zweig, fund manager with Zweig DiMenna, said he is concerned with inflation because it is coming back, and may will eventually prompt the Fed to keep hiking rates to combat it. "It's not at the critical level yet, but you're seeing it in the gold prices and you're seeing it in the dollar being weak. So maybe it's time to worry about some of these things, too," he said.

Zweig said that he is more of a conservative, and likes to invest in stocks with low P/E ratios. Among the stocks that he recommends are Aetna, W.R. Berkley, Pulte Homes and Ashland.

Thomas Kahn, co-director of investments with Kahn Brothers & Co., considers himself a value investor as he likes to look at companies that have either no debt or very low debt and lots of cash or other assets.

He said that if a company has managers who have big positions, that's a very good thing, and if Wall Street isn't following the company that's very important because that usually means the stock is appropriately priced.

Among the stocks that Kahn recommends are Haggar and Audiovox.