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01/12/09 9:51 AM

#608934 RE: zab #608931

Hot Stocks To Watch In Barron's: Exelon,Northern Trust,Intel
01/12 9:11 am (DJN)



DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Below are companies mentioned in Barron's whose stocks are expected to move.

With President-elect Barack Obama looking to reduce carbon emissions in the U.S. by 80% by 2050, using $150 billion over 10 years to create a "clean-energy" future, nuclear plants, the biggest producers of energy that doesn't emit any greenhouse gases are in a strong position. That adds up to a big investment opportunity as their stocks are cheap and their competitive advantages are many. Exelon Corp. (EXC), the biggest nuclear-power generator in the U.S., and Entergy Corp. (ETR), No. 2 in nukes, operate with great efficiency. Southern Co. (SO) is another strong bet.
While banks face a difficult year, some stocks could rally from currently depressed levels, including trust banks Northern Trust Corp. (NTRS) and State Street Corp. (STT); the well-managed JPMorgan Chase & Co. (JPM); and asset-rich PNC Financial Services Group Inc. (PNC). Investors may need patience. Fourth-quarter earnings, which start rolling in this week, are likely to be poor, thanks to rising credit losses. But anyone who buys depressed shares could see a big payoff in 2010.

Amid a horrific collapse in personal-computer sales, Intel Corp. (INTC) is pinning its hopes on cheap, low-margin chips that could power a new breed of cheap, low-margin laptops. We don't think it will work. At some point, growth will return to the PC market. It's even possible that Intel, somehow, will turn a profit on the Atom. But until all that becomes clearer, the chip-maestro's shares may themselves get cheaper and cheaper.

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(END) Dow Jones Newswires

January 12, 2009 09:11 ET (14:11 GMT)

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