Latest Stock Buy or Sell?
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Today, David Driscoll commented about whether NOK-N, PWF-T, 823 - HK, FTT-T, WB-N, BAC-N, TEVA-N, DEO-N, RIG-N, SSW-N, BCS-N, NTEL-T, SLB-N, BPO-T, LO-N, BRK.A-N, CAT-N, ING-N, MSM-SJ, CSCO-Q, LUXTY-5 are stocks to buy or sell.

PAST TOP PICK
Luxottica
(A Top Pick Dec 6/07. Down 42%.) Designer glasses. Discretionary consumer products will have a negative impact during recessions. Still likes. Would buy more if it got cheaper. 3.5% yield. Getting into China in a big way.
biotechnology / pharmaceutical
PAST TOP PICK
Cisco
(A Top Pick Dec 6/07. Down 39%.) Sold his holdings in July. Out of all techs and a lot of US stocks because they didn't pay dividends and was worried about multiple compression.
electrical / electronic
PAST TOP PICK
Massmart Holdings
(A Top Pick Dec 6/07. Up 26%.) (South African exchange.) Still buying. Like a Costco with no Wal-Mart competition. Revenue growth of 15%. Long-term hold.
conglomerate
SELL
ING Groep NV
Wouldn't want to own this one right now as there will be future demands for more capital, which will dilute the earnings per share. This choice would be Banco Bilbao (BFR-N).
investment companies / funds
COMMENT
Caterpillar
This is a cyclical blue chip. When the cycle is good and the economy is strong and its demands will rise along with the stock price and earnings. It will have staying power in this environment.
machinery
DON'T BUY
Down 30% this year because the insurance side is getting very competitive. Not a big fan because he doesn't try to duplicate what others are doing. Also concerned that the succession plan for this company will not be as strong.
insurance
COMMENT
Lorillard Inc.
Cigarettes. High margins. Make a lot of money, especially during this environment. Doesn't have a problem with this one.
tobacco
COMMENT
Biggest landlord in Manhattan. Under the gun right now because of all the layoffs going on in New York City. Have been able to roll over their debt. Customer clientele base has been pretty strong. Expect the parent Brookfield Asset Management (BAM.A-T) will continue to make acquisitions. Would prefer the parent.
property mngmnt / investment
COMMENT
Schlumberger Ltd.
One of the largest oil field service companies globally. Good at what they do. Went up mostly because of hedge funds and commodity prices may go sideways for quite a while. Would prefer in the mid-$20's.
oil / gas field services
DON'T BUY
Nortel AS
Has been a bear on this stock since 1999. Game is pretty much over.
Telecommunications
SELL
Barclays Bank PLC
The biggest problem here is that when the British government was about to throw a lifeline to the British banks they said no because the CEO did not want his salary reduced. Have had to recapitalize and this will not help earnings for a long time.
banks
DON'T BUY
Seaspan Corp.
Stock has come down hugely and the yield is very high. Big concern is not because of the long-term contracts but what might happen if shipping costs become greater than the costs of production at home. Questions the sustainability of the yield.
Transportation
DON'T BUY
Transocean Inc.
Deep sea driller. Very well run. As oil prices came down and demand for drilling started to ebb, stock price dropped. No dividend. Future earnings are looking a little weaker than previous. $25-$30 range would look attractive if you've got the patience for the cycle to turn.
oil / gas field services
BUY ON WEAKNESS
Diageo PLC
Drinking goes up during recessions. Sales year-over-year have increased. 4% yield. $45 would be a good entry point.
food processing
DON'T BUY
Outsource pharmaceutical manufacturer of generic drugs. No barriers to stop others from doing the same kind of business. He prefers Johnson & Johnson (JNJ-N) or Novartis (NVS-N) who specialize in what they do.
biotechnology / pharmaceutical