2005 Love-Only-One Stock List
Every time this year, Forbes releases its love-only-one stock list. The magazine invites a handful of equity analysts to recommend one stock each. At year end, people who make the cut, defined as the recommendation beats the the market movement during the same time frame, will stay for the next competition.
As an example of the rigidness of the contest, in this year's list, there is only one six timers, one third-timers and another seven who survived last year's competition.
The stocks who made into the 2005 list include:
Longs:
McKesson
Cerner
Agilent Technologies
Intel
Deckers Outdoor
51job
ING Group
Arcelor
Garmin
Companhia Brasileira de Distribuiã
Marsh & McLennan
Advanced Micro Devices
Shorts:
General Dynamics
Travelzoo
Annaly Mortgage Management
General Motors
Cinergy
Note Intel (INTC) is recommended by the six-timer Legg Mason's Richard E. Cripps, and ING Group (ING) is from last year's champion Sarah Ketterer from Causeway Capital Management.
Last year, I also mentioned this contest in one of my 2003 posts. Forbes recognized that "[d]espite winners among both bulls and bears, the Love Only One class of 2004 on the whole couldn't beat its S&P 500 benchmark." So take the 2005 list with a grain of salt.
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From your past posts, I thought you are still bearish (in cash) and avoid stocks.
Yes, I still believe the stock market as a whole is overvalued, but I also always believe there is opportunity in individual issues.
Looks like Joseph Zock/Capital Management Associates picking AMD long might already be out of the running...down 21% today on bad 4Q 2004 profits. Starting to wonder about these guys and their picks!
