graphic
Personal Finance > Investing
Parnes likes Microsoft
June 30, 2000: 4:08 p.m. ET

Technomart Investment Advisors president also likes Terra Networks
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - Joseph Parnes, the president of Technomart Investment Advisors, said Friday that Charles Schwab is a good long-term graphicholding, Terra Networks is a good buy, and investors shouldn't worry about a Microsoft split-up.  On the other hand, he said investors should be careful with Manugistics.

Every day at 1 p.m. ET, CNNfn viewers are invited to call in to the "Talking Stocks" segment and ask equities questions of the guest expert. The toll-free number is: 800-304-FNET.

Click here to send your stock questions to the next guest.


Name: Sam, Arkansas

Question: Charles Schwab (SCH: Research, Estimates). What is your short- and long-term view of Charles Schwab?

Answer: Schwab is one of the largest discount brokers. It's in a retraction mode because of the market conditions of low volume with respect to prior years; however, as the market improves, Schwab will be a beneficiary of revenues derived from fees and commissions. I would buy Schwab on retractions for long-term holding.

Name: Tola, Georgia

Question: Manugistics (MANU: Research, Estimates). Any possibility that this stock will make money in the nearest future? Is the stock price of 45-1/2 justified at this time?

Answer: Manugistics has had problems with regards to earnings growth, and the stock has plummeted to current levels. The latest earnings report is encouraging, but I would wait to accumulate this stock for at least two quarters until I am assured that their profitability is not a one-quarter phenomenon.

Name: Cheryl, North Carolina

Question: Terra Networks (TRRA: Research, Estimates). What is your opinion of Terra Networks for the long term?

graphicAnswer: Terra is a Europe-based telecommunications company. Their stock is having a hard time currently, but the expected takeover of Lycos (LCOS: Research, Estimates) will give Terra an entrance into the Internet search engines, which would be a plus. I would be a buyer of Terra at these prices.

Name: Marilyn, California

Question: Motorola (MOT: Research, Estimates). What is your long- and short-term view of Motorola?

Answer: Motorola is a provider of wireless communications, second to Nokia (NOK: Research, Estimates). It has improved its earnings base and is currently in a correction mode. I would accumulate at this price; I see the stock rising to the previous pre-split high of $85.

Name: Curtis, Ohio

Question: Microsoft (MSFT: Research, Estimates). I would like to purchase a mutual fund that owns Microsoft. Can you suggest some funds or how I could locate one?

Answer: Microsoft is faced with the antitrust dilemma, but that should not be a reason for abandoning the stock, even if it's split into two companies. Most mutual funds have positions in Microsoft.

CNNfn welcomes your e-mail questions for our "Talking Stocks" guest. Please include your first name, state and one stock question per e-mail. Please keep in mind: "Talking Stocks" is for specific stock questions only.

If you do not see an answer to your e-mail here, it is because our guest does not cover the company.

-- compiled by Staff Writer Mark Gongloff

* Disclaimer Back to top





graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.