Managing Your Money : INVESTING : Naming Names : Successful portfolio managers recommend some favorite stocks : Joan Lappin : <i> President, Gramercy Capital Management, New York</i>

In her 27 years on Wall Street, Lappin’s all-time favorite stocks haven’t changed a great deal. Her top pick remains Immunex Corp., a biotechnology firm. She believes investors who buy now will talk about it as do those who invested in Xerox in the late 1950s--a great buy up to $60 per share.

Another favorite is Alza Corp., a maker of time-release drug delivery systems, including the transdermal system used by the new “patch” treatments for those wanting to quit smoking, up to $55. Lappin also likes Time Warner, up to $32.