Feb 14, 1999. A smart group of money market managers have just come out with their best groups
for investors for the coming year and I would like to share them with you. I do share their ideas because from
a standpoint of what is happening for the future it does look promising.
Cable TV - They have outperformed the S&P 500 index by a wide margin in 1998, and should
continue to beat the market in 1999. I estimate the major companies cash flow will increase at an annual rate of
about 10% over the next several years. My favorites are AT&T (T) which is selling at a significant discount,
and Cablevision Systems (CVC).
Health Care Stocks - The drug stocks have been very hot the last two years and I see them continuing
along as before. The reasons are quite simple; faster approval of the FDA , baby boomers getting older and of course
our senior citizens living a lot longer than fifty years ago. Yes, the drug stocks look very good to me and for
the foreseeable future. The top picks are: Johnson & Johnson (JNJ), Merck (MRK), and Pfizer (PFE).
Technology stocks - If you can stand the volatile market they are prone to, then I would buy
some of these excellent growth companies. Microsoft (MSFT) is the best of the bunch. Others are Network Associates
(NETA), and Sterling Software (SSW).
Bank stocks - Regional banks are favored because they have suffered in 1998 and they don't have
overseas exposure in many of them. Also their earnings should increase about 10% for the year. The favored groups
are as follows: First Union (FTU), Bank of New York (BK), and U. S. Bankcorp (USB).
There you are folks, the best groups that will get the biggest bang for your buck! Like I said
"It's Your Money."
George