In a report on the US market, BCP Stockbrokers, has issued new recommendations for US stocks, particularly those with exposure to the Internet and the high growth e-commerce market. It is also highlighting shares which track overall sectors such as telecommunications, the Internet, biotechnology and pharmaceuticals.

Its buy list includes American Home Products, one of the top 10 drugs companies in the world, Cisco Systems, Federal Express, the clothing company GAP, IBM, Motorola, Sun Microsystems, Walt Disney and Wal-Mart.