Raymond James Releases 2010 Analyst’s Best Picks® List
ST. PETERSBURG, Fla. – The Raymond James Equity Research Department has publicly released its popular Analysts’ Best Picks® list for 2010. The list, according to David Henwood, chief investment officer, highlights individual stocks that Raymond James’ seasoned analysts expect to produce superior overall results in the year ahead.
This year’s Analysts’ Best Picks list includes 13 stocks that have undergone a rigorous screening process and, according to Henwood, “The list, now in its 15th year, has outperformed the S&P 500 index by an average of 17.6% annually over the past decade.* Although we have just finished what has been an extraordinarily difficult year for equity investing, I believe the overall results of our lists reinforce the wisdom behind Raymond James’ long-term investing approach.”
While past performance is not indicative of future results, since 2000, a total of 109 stocks have been recommended through the Raymond James Analysts’ Best Picks list. Of this total, 73 advanced (67%) and 36 declined (33%) within the suggested holding period. Of course, an investor would incur commissions to transact these recommendations, (and interest charges if transacted in a margin account).
According to Henwood, list submission is limited to analysts with significant research experience and a minimum of three years following the recommended industry as lead analyst or five years of total sell-side experience. Analysts who choose to participate may submit only one stock for the list, which may only contain one company from any specific industry. In addition, because this is a static, one-year list, only those companies with a “Strong Buy 1” rating from a Raymond James analyst qualify. “Each company must also have a market capitalization of at least $500 million and a stock price greater than $10,” Henwood stated. “If the stock price is under $20, the company is required to have market capitalization of at least $1 billion. Other conditions, such as average daily trading value of at least $10 million over the last 20 trading days, are also considered.”
Henwood reminds investors that individual results will vary and transaction costs related to investing in these stocks will affect overall performance. There is no assurance that stocks on the Analysts’ Best Picks list will achieve the results expected and investors may incur profits or losses.
“An appropriate strategy is to incorporate a disciplined, long term investment approach,” Henwood continued. “Although incorporating stocks recommended by our Equity Research Department into an overall portfolio may be a good idea for many investors, investing in individual stocks, particularly small- and mid-cap issues involves additional risk, and is not for everyone. It takes a strong risk tolerance, not to mention a good understanding of market cycles, to keep perspective in a down market.”
“Past performance is not indicative of future results. However, based on the overall superior long-term record of our Analysts’ Best Picks list, we have high hopes for the 2010 edition,” Henwood concluded.
The 2010 Analysts’ Best Picks list includes:
- Aflac, Inc. (AFL: NYSE)
- Alpha Natural Resources (ANR:NYSE)
- Altera Corporation (ALTR:NASDAQ)
- Bank of America Corporation (BAC:NYSE)
- Best Buy Company, Incorporated(BBY:NYSE)
- Chevron Corp. (CVX:NYSE)
- Concho Resources Inc. (CXO:NYSE)
- CVS/Caremark Corporation (CVS:NYSE)
- FLIR Systems (FLIR:NASDAQ)
- National Oilwell Varco Inc. (NOV:NYSE)
- Nuance Communications (NUAN:NASDAQ)
- Sybase, Inc. (SY:NYSE)
- TD Ameritrade Holding Corporation (AMTD:NASDAQ)
About Raymond James Financial
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 5,300 financial advisors serving approximately 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are currently $229 billion, of which approximately $29 billion are managed by the firm’s asset management subsidiaries.
* Annual average Analysts’ Best Picks®total return performance (19.54%) minus the comparable S&P 500 performance (1.97%) for 2000 through the close of December 3, 2009. The holding period for each year's list is approximately 55 weeks from the inception date to December 31 of the following year. Performance is determined as if an equal dollar allocation were made to each stock at the beginning of the period and held until December 31 of the following year. The S&P 500 is an unmanaged index of 500 widely held stocks. Investors cannot invest directly in an index. Raymond James & Associates, Inc. makes a NASDAQ market in the shares of ALTR, FLIR, NUAN and AMTD. Additional risk and disclosure information is available at www.rjcapitalmarkets.com/SearchForDisclosures_main.asp