Anmerkung: Diese Liste erscheint jährlich und die Werte legen am Erscheinungstag in der Regel kräftig zu (so auch gestern ... freu, grins ...). Die Liste outperformed die jährlichen Vergleichsindices normalerweise zwischen 12 und 18 % und ist etwas für ehr Konservative Anleger, die Wert auf solide Wertsteigerungen legen. Im letzten Jahr war z.B. KLA-Tencor (KLAC) drauf (+211%) und natürlich waren auch 3 "Rohrkrepierer" dabei (AT&T, Microsoft, Firstar).
Lehman's Uncommon Value List (TOP 10 STOCK LIST)
By Justin Lahart
Associate Editor
6/28/00 11:50 AM ET
The Lehman list is something like the mother of all top-10 stock lists -- it's been around since 1949, and regularly outperforms the market.
The picks are selected from 80 or so stocks that Lehman's analysts think have the best chance of outperforming over the next 12 months. Despite this bottom-up nature, the resulting list conforms well with the view of the firm's chief investment strategist, Jeffrey Applegate, a longtime bull on the fast-growing companies.
"I find it interesting that we ended up with eight tech stocks out of 10 names, which I guess speaks to the world we live in," he says.
Though perhaps the tech focus is not too surprising. The analysts are charged, after all, with finding the stocks they think will perform best over the next year, and that can easily translate into finding the companies whose bottom lines will grow the fastest.
As well as the Lehman picks tend to perform, investors might be wary of jumping into these stocks right away. Because this list is so closely followed, the stocks tend to jump on the day it comes out. Last year, for example, the list tacked on more than 4% on the day it came out.
THE LIST: ................................
(With comments from Lehman analysts.)
Agilent Technologies. Analyst Edward White
says Agilent is "an exceptional value among
high-technology companies," and expects it to
benefit from rapid growth in the
telecommunications market.
BEA Systems (BEAS:Nasdaq). Neil
Herman calls this the "premiere application
software company," and says it will benefit from
rapid growth in e-commerce.
Cendant. Never mind that just thinking about
Cendant gives some investors hives -- Jeffrey
Kessler says the bad days are behind it. It's got
strong franchises (Ramada, Avis, etc.) and a
burgeoning Internet strategy.
Gemstar International (GMST:Nasdaq).
Michael Stanek thinks that Gemstar's "impending
merger with TV Guide (TVGIA:Nasdaq - news),
brimming patent portfolio, strong new product
pipeline, and advertising revenues from its
embedded OEM electronic programming guides"
will run the stock to new highs.
Hewlett-Packard (HWP:NYSE). Put
George Elling in the Carly Fiorina fan club. He
says the H-P CEO has "taken bold steps to
restructure the sales force and to push ahead
H-P's e-services strategy."
Juniper Networks (JNPR:Nasdaq). Picks
and shovels. Mark Sue thinks that Juniper, as
one of the leading suppliers of backbone routers,
will continue to benefit from the global Internet
buildout.
Eli Lilly. C. Anthony Butler thinks Lilly is best of
breed in pharmaceuticals, the beneficiary of a
strong pipeline.
Micron Technology (MU:NYSE). As a
"semiconductor memory pure play," Micron
should benefit from increasing demand for PCs,
servers and laptops, according to Dan Niles.
Nortel Networks (NT:NYSE). Tim Luke
says Nortel is "one of the best-positioned global
players in communications equipment." Its lead
position in optical equipment is one of the factors
that should propel it forward.
Tellabs (TLAB:Nasdaq). Tellabs
products, focused on "the sweet spot of
transmission and local access network buildouts,
continues to accelerate," says Steven Levy.
Lehman's Uncommon Value List (TOP 10 STOCK LIST)
By Justin Lahart
Associate Editor
6/28/00 11:50 AM ET
The Lehman list is something like the mother of all top-10 stock lists -- it's been around since 1949, and regularly outperforms the market.
The picks are selected from 80 or so stocks that Lehman's analysts think have the best chance of outperforming over the next 12 months. Despite this bottom-up nature, the resulting list conforms well with the view of the firm's chief investment strategist, Jeffrey Applegate, a longtime bull on the fast-growing companies.
"I find it interesting that we ended up with eight tech stocks out of 10 names, which I guess speaks to the world we live in," he says.
Though perhaps the tech focus is not too surprising. The analysts are charged, after all, with finding the stocks they think will perform best over the next year, and that can easily translate into finding the companies whose bottom lines will grow the fastest.
As well as the Lehman picks tend to perform, investors might be wary of jumping into these stocks right away. Because this list is so closely followed, the stocks tend to jump on the day it comes out. Last year, for example, the list tacked on more than 4% on the day it came out.
THE LIST: ................................
(With comments from Lehman analysts.)
Agilent Technologies. Analyst Edward White
says Agilent is "an exceptional value among
high-technology companies," and expects it to
benefit from rapid growth in the
telecommunications market.
BEA Systems (BEAS:Nasdaq). Neil
Herman calls this the "premiere application
software company," and says it will benefit from
rapid growth in e-commerce.
Cendant. Never mind that just thinking about
Cendant gives some investors hives -- Jeffrey
Kessler says the bad days are behind it. It's got
strong franchises (Ramada, Avis, etc.) and a
burgeoning Internet strategy.
Gemstar International (GMST:Nasdaq).
Michael Stanek thinks that Gemstar's "impending
merger with TV Guide (TVGIA:Nasdaq - news),
brimming patent portfolio, strong new product
pipeline, and advertising revenues from its
embedded OEM electronic programming guides"
will run the stock to new highs.
Hewlett-Packard (HWP:NYSE). Put
George Elling in the Carly Fiorina fan club. He
says the H-P CEO has "taken bold steps to
restructure the sales force and to push ahead
H-P's e-services strategy."
Juniper Networks (JNPR:Nasdaq). Picks
and shovels. Mark Sue thinks that Juniper, as
one of the leading suppliers of backbone routers,
will continue to benefit from the global Internet
buildout.
Eli Lilly. C. Anthony Butler thinks Lilly is best of
breed in pharmaceuticals, the beneficiary of a
strong pipeline.
Micron Technology (MU:NYSE). As a
"semiconductor memory pure play," Micron
should benefit from increasing demand for PCs,
servers and laptops, according to Dan Niles.
Nortel Networks (NT:NYSE). Tim Luke
says Nortel is "one of the best-positioned global
players in communications equipment." Its lead
position in optical equipment is one of the factors
that should propel it forward.
Tellabs (TLAB:Nasdaq). Tellabs
products, focused on "the sweet spot of
transmission and local access network buildouts,
continues to accelerate," says Steven Levy.
