Intel, Microsoft, Compaq Dominate Portfolios
SAN FRANCISCO, June 24 /PRNewswire/ -- Shares of computer makers, software
developers, network equipment companies and sellers of computer peripherals
dominate the top holdings in CBS MarketWatch Portfolios, a new survey shows.
Intel Corp. (INTC), one of the world's most widely held stocks, was most
frequently found in CBS MarketWatch Portfolios, the June survey shows.
Microsoft (MSFT) was No. 2, followed by Compaq (CPQ), AT&T spinoff Lucent
Technologies (LU) and Dell Computer (DELL).
Investors use CBS MarketWatch Portfolios on the World Wide Web to track
the prices of their holdings and keep themselves posted about news and press
releases. The survey showed 8,000 separate holdings in the Web site's database
portfolios. These holdings are tracked anonymously rather than by individual
investor.
"This is a perfect example of the kind of aggregate information that we
can expect from the extraordinary relationship we have with our users,"
Lawrence Kramer, CEO of CBS MarketWatch, said. "We can now see, in real time,
what stocks are attracting the most attention from our readers, who are at the
forefront of private investors."
The CBS MarketWatch survey showed network equipment maker Cisco Systems
(CSCO), IBM (IBM), AT&T (T), General Electric (GE) and software maker Oracle
(ORCL) in the second half of the top 10. Except for AT&T, the top 25 holdings
lacked utilities, which offer dividends and generally have been among the
shares most widely held by Americans, and lacked financial stocks. Bank
stocks have been among the best performers in the U.S. stock market the past
three years. The 16 stocks held by the largest number of accounts at Merrill
Lynch also do not include a single financial stock. That list is published in
The New York Times each weekday.
Tech stocks are popular
The survey supports a general belief on Wall Street that investors who use
the Internet tend to invest more heavily in technology companies than
investors who have little or no experience with the Internet. "The stocks in
this list represent the interests of the emerging class of active investors
who use the Internet the way it was made to be used, as a real-time resource
and tracking service," Kramer said.
Three Internet companies (Netscape (NSCP), Yahoo! (YHOO) and Infoseek
(SEEK)) made the top 50. Aside from technology, the shares of drug makers,
food and tobacco companies and oil companies made the strongest showing in the
top 25 CBS MarketWatch holdings. Two companies that fit none of those
categories, Walt Disney Co. (DIS) and retailer Home Depot (HD), also placed in
the top 25. Pfizer (PFE), a drug company, was No. 11 on the list, followed by
Disney, Merck & Co. (MRK), Motorola (MOT), Coca-Cola (KO), Boeing (BA),
computer-maker Hewlett-Packard (HWP), network equipment maker 3COM (COMS), Sun
Microsystems (SUNW) and Home Depot at No. 20.
The first automaker on the list, General Motors (GM), which is embroiled
in a strike by United Auto Workers, was No. 28. Several mutual funds made the
list. The Vanguard Index Trust 500 Portfolio (VFINX) was No. 60 on the list.
Janus WorldWide Fund (JAWWX) was No. 80. And Fidelity Magellan Fund (FMAGX),
the most widely held U.S. mutual fund, was No. 84.
About CBS MarketWatch
CBS MarketWatch (http://cbs.marketwatch.com) is a leading Internet
financial website for the individual investor, business professional and the
general public. The new service, a joint venture between CBS (NYSE: CBS) and
Data Broadcasting Corporation (Nasdaq: DBCC), delivers business news and real-
time financial data and analysis.
SOURCE CBS MarketWatch
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Related links:
http://cbs.marketwatch.com
CONTACT:
Marketing, Michele Chaboudy, 415-733-0520, or
mchaboudy@marketwatch.com, or press, Thom Calandra, 415-733-0532,
or tcalandra@marketwatch.com, both of CBS MarketWatch
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