Managing Your Money : INVESTING : Naming Names : Successful portfolio managers recommend some favorite stocks : Cyril James : <i> Senior portfolio manager, Northern Trust of California, Los Angeles</i>

James sees the world’s economic problems as a short-term dislocation that will end as soon as Japan, Europe and the United States resume their previous growth.

When that happens, he believes that several companies will do especially well: Philip Morris, up to $80 per share; CPC International, a food processor and distributor, up to $50; Nucor Corp., a specialty steel manufacturer, up to $57, and Pall Corp., an air filter maker, up to $30,

He also likes some high technology stocks but cautions that they are for investors who can handle volatility.

His favorites include Microsoft Corp., the personal computer software publisher, up to $80; Motorola Inc., a semiconductor and communications equipment maker, up to $87; Novell Inc., a personal computer software publisher, up to $25, and Ericsson, a Swedish telecommunications maker whose ADR’s are available in the United States, up to $21.