Stock-picking contest
Every year Forbes asks several money managers and analysts to play a stock-picking game: 12 of them try to pick a stock that will outperform the S&P 500 over the next year, while 5 others try to pick one that will be trailing the index within that same timeframe.
Sounds pretty cool, doesn’t it? The winners get invited back to play next year (and, of course, bragging rights).
So far, in first group, Stephen Auth (of Federated Investors) is on top. His pick, McKesson (nyse: MCK), “has enjoyed a 42% gain.” Not far behing is B. Randolph Bateman (of Huntington Bank)–his choice, Cerner (nasdaq: CERN), has enjoyed a rise of 38%.
In the second group, Morton Cohen (of Clarion Group) and Stephen Leeb (of Leeb Capital Management) are winning. Mort picked Travelzoo (nasdaq: TZOO), which was down a whopping 56% when the article was written (on May 13th), and Stevo picked GM (nyse: GM), whose “shares have lost one-fifth of their value so far in the contest.”
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