Before I recommend a security, it is necessary for me to establish a few assumptions about the nature of my investment perspective. I am 22 years of age and therefore am less averse to risk. Therefore, my investment time horizon is very long due to my age.My first stock pick is based upon the previous assumptions and also the following one; Economic activity proceeds at a brisk rate as in 1999. Since this would indicate a bull market, I would choose a stock in the technology sector. I choose Gateway, ticker symbol (GTW). In the months to come, this company will start flooding the market with what is known as Internet Appliances, or IA’s. These are inexpensive network computers with the network being the Internet. They will cater to consumers who want Web access but don’t want the cost, technical problems, and maintenance that comes with a PC. However. That doesn’t necessarily mean PC’s are going away in the foreseeable future Gateway plans on making profit from these IA’s by signing deals with communications giants like America Online to be ISP’s. GTW recently traded at $56 a share, with a P/E of 30.6. This equals an EPS of $1.83.In my next stock-pick, I still presume the assumptions in the first paragraph, and also I need to make a different assumption; Continued economic growth leads to an inflationary environment in 2000. For these economic conditions, I feel United Technologies Corporation, symbol (UTX), is an appropriate stock. One of the 30 stocks on the Dow Jones Industrials, United Technologies Corporation, based in Hartford, Connecticut, provides a broad range of high technology products and support services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace...
