Stock pickers are ignoring these 8 stocks
Bank of America Merril Lynch released its latest equity and quant strategy analysts' list of the most neglected stocks held by active managers. The list is part of a new report on active-manager holdings.
According to BAML, the list includes companies that meet the following criteria: "Stock is 0.2x or less than its weight in the S&P 500 in the fund manager composite, and less than 2% of funds in the sample hold the stock."
The list includes retailers such as Tiffany's & Co, as well as financial companies like Cincinnati Financial and People's United Financial.
Check out the list of eight stocks below:
8. WEC Energy Group
Markets Insider
Ticker: WEC
Sector: Utilities
Price: $62.80
Relative Weight: 0.03
% of Hedge Funds Holding Stock: 2.77%
YTD Performance: +8.72%
Source: Bank of America Merrill Lynch
7. Alliant Energy Corp
Markets Insider
Ticker: LNT
Sector: Utilities
Price: $41.60
Relative Weight: 0.02
% of Hedge Funds Holding Stock: 1.85%
YTD Performance: +9.89%
Source: Bank of America Merrill Lynch
6. Tiffany & Co.
Markets Insider
Ticker: TIF
Sector: Disc
Price: $91.80
Relative Weight: 0.02
% of Hedge Funds Holding Stock: 1.39%
YTD Performance: +19.06%
Source: Bank of America Merrill Lynch
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