3 Big Money Favorites With 25% Downside
May 04, 2016 at 06:00 AM EDT
Most investors think it’s a good thing to be long alongside the “Big Money.” But professionals’ favorites are actually the riskiest stocks you could own. Let me explain why – and share three beloved names you should sell today. Ten days ago, Barron’s published its latest Big Money poll, where money managers shared their top stocks for the next 12 months. Three “digital utilities” were particularly popular, and why not? All three had reasonable valuations, strong cash flows and of course healthy dividends. Last week, two reported earnings – and both got clobbered. Here’s how they’ve performed since their Barron’s love letter: Big Money’s Tech Darlings Get Dumped The beauty of an earnings report – and... Read more