Thursday's TV Talkers
The Street
updates the TV Tipsheet throughout the day to reflect the speakers' comments.
CNBC Guests for July 3
4:30 a.m.
Tony Dwyer,
Rickel & Associates
6:20 a.m.
Peter Kaminsky, Author,
Fishing for Dummies
7:20 a.m.
Glen Kenny,
Premiere
Magazine
7:40 a.m.
Phillip Harrington, President,
Bizplan
TheStreet Recommends
8:10 a.m.
Lawrence Kudlow,
American Skandia
The once-conservative Kudlow has recently distanced himself from his former supply-side supporters. In June, the
Chicago Tribune
quoted him as saying, "Nearly all conservative thinkers and critics are cranky, angry, resentful, frustrated, dejected, pessimistic and declinist."
What he said:
Kudlow is, let's say, an optimist. He strongly believes we are in a new prosperous era driven by high-tech innovations and free economic policies. High-tech leads to higher output and higher productivity, which in turn leads to lower prices and low inflation.
8:10 a.m.
Mary Lisanti,
Strong Small-Cap Fund
Lisanti's $138.7 million fund (
(SCAPX) - Get Adams Small Cap Value Report
SCAPX) has had a ... well, interesting year. It's managed a negative 11.6 year-to-date return, ranking it No. 465 out of 467 small-cap funds tracked by
Lipper Analytical Services
. Click
here for more on the fund.
What she said:
Guess what? Lisanti expects an acceleration of earnings growth in small companies. Her favorite stocks are
Lam Research
(
(LRCX) - Get Lam Research Corporation Report
LRCX),
Visio
(
(VSIO)
VSIO),
Uniphase
(
(UNPH)
UNPH) and
Pediatrix Medical Group
(
(PDX)
PDX). She also is bullish on the niche players in the oil sector, especially companies that are involved in cliff or deep sea drilling.
8:50 a.m.
Rick Santelli,
Rand Financial Services
Santelli will be discussing Friday's employment numbers.
9:02 a.m.
Richard McCabe,
Merrill Lynch
In June, McCabe told the
Christian Science Monitor
that he saw the Dow possibly reaching 8200 this summer, but he warned that a 20% to 25% drop might soon follow.
9:10 a.m.
Michael Willis, Chairman & CEO,
CoreStaff
(
(CSTF)
CSTF)
Staff's in your name, you're an instant chatterbox on employment day.
9:32 a.m.
Brian Jones,
Salomon Brothers
In June, Jones told
The Wall Street Journal
that "It's hard to believe with unemployment as low as it is, with confidence as high as it is, that we're in anything other than a temporary low" in retail spending. Today look for Jones' commentary on (you guessed it) employment numbers.
What he said:
Jones was bullish on bonds, saying that as long as real wage gains are being matched by gains in productivity, the former should not be an issue to fret over.
9:40 p.m.
Art Steinmetz,
Oppenheimer Funds
Steinmetz's
Oppenheimer Strategic Income
fund (
(OPSIX) - Get Invesco Global Strategic Income A Report
OPSIX) has returned 11.8% this year, a figure that places it about middle of the pack of listed multisector income funds tracked by Lipper.
What he said:
Steinmetz said that in the end, the current growth spurt must be followed by inflation, but he was quick to point out that one must respect what is going on in the market now and he is subsequently buying call options to protect himself.
10:10 a.m.
Mike Weiner,
One Group Value Growth Fund
Weiner's $331.5 million fund (
(OGVFX)
OGVFX) is beating the pack this year. Its 1997 year-to-date return of 19.2% ranks it 59th out of 629 growth and income funds tracked by Lipper.
What he said:
Weiner warned that earnings season is at hand. While prospects look generally good, Weiner predicted that those companies who don't make the grade will be "punished severely." Good thing you didn't miss that morsel.
10:30 a.m.
Tom Hudson,
Lord Abbett Affiliated Fund
Hudson's $6.564 billion fund (
(LAFFX) - Get Lord Abbett Affiliated Fund A Report
LAFFX) is somewhat less impressive this year. With a 16.8% year-to-date return, it ranks 205th out of 629 growth and income funds tracked by Lipper.
What he said:
Hudson, a value player, said that with current conditions, he has to look at smaller-capitalization companies to find inexpensive stocks. Two of his recommended stocks are
Deluxe Corp.
(
(DLX) - Get Deluxe Corporation Report
DLX) and
Fortune Brands
(FO:NYSE). Some of Hudson's higher praise, however, was reserved for
Hewlett-Packard
(
(HWP)
HWP), whose new products, he believes, are going to revive the company's stagnant earnings and stock price.
11:20 a.m.
Anthony Abbate, President,
Interchange State Bank
12:00 p.m.
Donald Ratajczak, Director,
Economic Forecasting Center
Ratajcyzak told
The New York Times
in June that "there is no question we are in a period of disinflation, but it may be ending ... a number of items, like computers, are falling a lot. But prices aren't falling across the board." May it be ending? Maybe, maybe not. Punditry.
12:40 p.m.
John Engler, Michigan Governor
12:50 p.m.
Arch Crawford, Editor,
Crawford Perspectives
1:10 p.m.
Grover Norquist,
Americans for Tax Reform
1:20 p.m.
Dave Brady,
Stein Roe Young Investor Fund
Brady's $330.2 million fund (
(SRYIX)
SRYIX) has had a rough year, with a relatively meager 11.8% year-to-date return, ranking it 615th out of 815 growth funds tracked by Lipper.
1:40 p.m.
Michael Wilson, CEO,
ION Storm
1:40 p.m.
Emory Thomas,
MSNBC.com
2:10 p.m.
Arthur Hogan,
Morgan Stanley Dean Witter
2:20 p.m.
Michael Ryan,
PaineWebber
On Monday, Ryan told
The Wall Street Journal
that "given the recent economic and inflation numbers, the only way they'll tighten is if the Fed is privy to a very strong employment report this week." Given the market's recent performance, that would have to be one heck of a report.
CNNfn Guests for July 3
Business Day
appears on
CNN
from 6 a.m. to 7 a.m. All guests appearing afterward will appear on
CNNfn.
6:00 a.m.
David Garrity, Auto Analyst,
Smith Barney
6:30 a.m.
Edward Yardeni, Chief Economist,
Deutsche Morgan Grenfell
He's making the rounds this week.
7:00 a.m.
Edward Yardeni, Chief Economist,
Deutsche Morgan Grenfell
7:15 a.m.
David Garrity, Auto Analyst,
Smith Barney
7:15 a.m.
Larry Wachtel, Market Analyst,
Prudential Securities
8:30 a.m.
David Blitzer, Chief Economist,
Standard & Poor's
9:05 a.m.
Sam Stovall, Sector Strategist,
Standard & Poor's
9:10 a.m.
Maureen Allyn, Chief Economist,
Scudder Stevens & Clark
9:30 a.m.
Alexis Herman, Labor Secretary
9:40 a.m.
David Katz, Stock Analyst,
Matrix Asset Advisors
10:15 a.m.
David Katz, Stock Analyst,
Matrix Asset Advisors
10:45 a.m.
J. Ferron, Partner,
Coopers & Lybrand Consulting
11:10 a.m.
Tim Forbes, COO,
Forbes Inc.
11:40 a.m.
Bud Crystal, Executive Compensation Expert,
Crystal Report
11:45 a.m.
Wes Nihei, Editor,
Gampro Magazine
12:10 p.m.
Florence Henderson, Host,
Capital Force
12:15 p.m.
Francis Ford Coppola, Producer
12:30 p.m.
Roger Friedman, Manhattan File,
New York Post
12:45 p.m.
Tony Seiniger, CEO,
The Seiniger Advertising Group
1:10 p.m.
Brian Fabbri, Chief Economist,
Paribas Capital Management
1:35 p.m.
Donald Yacktman, Manager,
Yacktman Fund, Yacktman Asset Management
2:30 p.m.
Matt Miller, Senior Writer,
U.S. News & World Report
2:30 p.m.
Grover Norquist, President,
Americans for Tax Reform
Another one doing the TV circuit.
3:00 p.m.
Bruce Bartlett, Manager,
Oppenheimer Total Return Fund
3:00 p.m.
Ken Stern, Author,
50 Fabulous Places to Retire
3:15 p.m.
John Gardner, Dir. Estate Planning,
KPMG Peat Marwick
3:35 p.m.
Eric Tyson, Co-Author,
House-Selling for Dummies
4:15 p.m.
Jeff Shesol, Cartoonist,
Thatch
Comic Strip
5:35 p.m.
Dan Cassidy, Scholarship Expert,
National Scholarship Research Service
5:45 p.m.
Malcolm Fitch, Senior Reporter,
Money Magazine
6:00 p.m.
Gil Pagovich, Director of Marketing,
United Management Partners
6:00 p.m.
Bert Sugar, Boxing Analyst
