GO
Loading...

SumZero contest's top investment pick

And the best international investment idea is … Samsung.

That was the winning idea submitted by 24-year old research analyst Michael Wood of Evans Investment Counsel as part of FactSet's Top Idea Tournament.

The contest is open to SumZero's 10,000-plus financial professionals. SumZero is partnering with FactSet on the year-long competition.

"We're really trying to highlight up-and-coming investment managers that many people have never heard of," SumZero CEO Divya Narendra said Friday on CNBC's "Halftime Report."

Wood's Samsung pitch beat out hundreds of ideas submitted by SumZero's members.

Read MoreMomentum stocks to buy on a pullback: Bob Peck

"It was a phenomenal piece of analysis, one of the most rigorous pitches I've ever seen on SumZero. It was a very impressive piece of work," said Narendra.

Wood defended his pick despite the fact that Samsung pre-announced a challenging quarter.

"I think it's an excellent risk-return here. The one area that is getting mispriced is their memory business. They've been No. 1 in memory for the last 20 years."

Read MoreCiti still a 'buy' despite possible $7 billion settlement: Mike Mayo

The FactSet Top Idea Tournament is the first contest designed to offer prizes based on research quality as well as the performance of the underlying recommendation.

The second round of the FactSet Top Idea Tournament kicks of Sept. 8 and focuses on short ideas. The deadline to submit ideas is Sept. 22.

—By CNBC's Patricia Martell

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report

  • Bill Nygren, Oakmark Fund, explains why Apache, Bank of America and Google will be winners in 2015.

  • Nick Tiller, Sustainable America founder and chairman, tells CNBC's Kate Kelly oil prices are poised for a tradable rally. Tiller likes the Brent ETF and energy sector.

  • Discussing interesting trends contributing to the market's rally into year's end, with the FMHR trader Josh Brown and Dan Greenhaus, BTIG.