Stock pickers are neglecting 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 that the bank sent to clients on Friday.

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 the media company News Corporation as well as financial companies like Cincinnati Financial and People’s United Financial.

Check out the list of eight stocks below:


8. WEC Energy

source
Markets Insider

Ticker: WEC

Sector: Utilities

Price: $65.10

Relative Weight: 0.03

% of Hedge Funds Holding Stock: 2.52%

YTD Performance: +12.02%

Source: Bank of America Merrill Lynch


7. Alliant Energy

source
Markets Insider

Ticker: LNT

Sector: Utilities

Price: $42.80

Relative Weight: 0.03

% of Hedge Funds Holding Stock: 2.06%

YTD Performance: +13.09%

Source: Bank of America Merrill Lynch


6. Tiffany & Co.

source
Markets Insider

Ticker: TIF

Sector: Disc

Price: $87.70

Relative Weight: 0.03

% of Hedge Funds Holding Stock: 1.38%

YTD Performance: +18.53%

Source: Bank of America Merrill Lynch


5. Robert Half

source
Markets Insider

Ticker: RHI

Sector: Ind

Price: $44.30

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 2.52%

YTD Performance: -10.41%

Source: Bank of America Merrill Lynch


4. People’s Utd. Financial

source
Markets Insider

Ticker: PBCT

Sector: Financials

Price: $16.80

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.61%

YTD Performance: -15.08%

Source: Bank of America Merrill Lynch


3. Cincinnati Financial

source
Markets Insider

Ticker: CINF

Sector: Financials

Price: $76.80

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 2.29%

YTD Performance: -1.28%

Source: Bank of America Merrill Lynch


2. Scana Corporation

source
Markets Insider

Ticker: SCG

Sector: Utilities

Price: $59.8

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.61%

YTD Performance: -18.43%

Source: Bank of America Merrill Lynch


1. News Corporation

source
Markets Insider

Ticker: NWS

Sector: Disc

Price: $13.6

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.15%

YTD Performance: +12.92%

Source: Bank of America Merrill Lynch


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