The Pros Picks, and Why: T, IBM, KFT, HPQ, MSFT
He gets zero points for creativity, but a few points for being bold enough to be boring. Tom Forester - portfolio manager of the Forester Value Fund has recommended Microsoft Inc. (NASDAQ: MSFT) and Hewlett-Packard Company (NYSE: HPQ) as his top tech picks right now…. a sector he’s keen on as a way of avoiding the looming problems that could be stirred up again by the lingering real estate crisis, which would infect banking.
He mentioned Microsoft was trading below the market’s average price multiple, and that Hewlett-Packard is prices at about 12 times its earnings.
Capital Advisors’ Keith Goddard is naming names. In a recent CNBC interview, he recommended AT&T, IBM, and Kraft Foods for anyone seeking safety and dividends for the next three to five years.
The current dividend yields of each stock are:
Goddard expects each company to raise dividends over this same time frame.
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