Robert Doll, president and chief investment officer, Merrill Lynch Investment Managers:
Stocks to buy:
"Our guess is, with the decline as of late in some of the health companies and the lagging behavior of some of the consumer cyclicals and some of the financials, there are probably some interesting areas. In consumer cyclicals, I talk about Eastman Kodak, a blue chip from the last cycle we think is doing a little better here. In financials we like Washington Mutual. In the health care area, some of the service companies; Wellpoint would be a name that we'd like."
Eastman Kodak
Washington Mutual
Wellpoint Health
Stocks to sell:
"Without question, in the first nine months of the year what lagged were the telecoms, technology and some of the utility stocks, but they've done very well here in the rally over the last eight weeks. We think some of those names now are ahead of themselves, and we'd be trimming back on some of them.
"Dell Computer -- still like it long term but we think it's a little ahead of itself. Trim back there. Nextel is a name that we would peel back on in here. And some of the economically sensitive names like the railroads -- Union Pacific in particular is another name worthy of some profit taking."
Dell Computer
Nextel Communications
Union Pacific
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