Managing Your Money : INVESTING : Naming Names : Successful portfolio managers recommend some favorite stocks : Steven Reznick : <i> Senior investment strategist, Cowen & Co., New York</i>
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The country’s recent mega-disasters, including Hurricane Andrew and the Los Angeles riots, sent insurance stocks plunging. But, Reznick says, the industry is poised for a round of price hikes, which should mean higher stock values. Reznick believes American International Group is a buy under $115 per share and General Reinsurance Corp. is a deal under $118 per share.
Reznick has also singled out Intel, up to $73 per share; Texas Instruments, up to $53, and Maxim Integrated Products, up to $27. He also likes Applied Materials, a semiconductor-equipment maker, up to $32.
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