Ken Fisher’s Latest Picks in Forbes’ 6/16/08 Issue

Ken Fisher highlighted his favorite $40-80 billion companies in what he considers the megacap era that is coming over the next few years.

His picks are:

1. Enersis (ENI)

a. Largest private-sector electricity generator in South America, so as South America modernizes, Enersis will grow.

b. Owned by Spain’s giant utility, Endesa

c. 2.4% dividend

2. Veolia Entertainment (VE)

a. Makes fuel cells, runs mass transit systems, and desalinates water.

b. Turns scrap metal into steel an uses solid waste to generate electricity

3. General Electric GE)

a. recent missed earnings creates an opportunity

b. In 1987, GE had a blowup and that was a great time to buy the stock

4. Nokia (NOK)

a. wiped out competitive threats.

b. Stock got hit in correction, but world cell phone explosion is far from over

c. 2.7% dividend

5. Intel (INTC)

a. selling for only 16x 2008 earnings

b. yield is 2.3%, which is more than S&P 500 average.

Track Ken Fisher’s Forbes picks at:

http://www.trackthepros.com/categories.php?category_id=26