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9 Most Mentioned "Top Picks"

Monday, 10 Jan 2011 | 5:06 PM ET
NYSE trader
Oliver Quilla for CNBC.com
NYSE trader

The barrage of reports from strategists on what investors should expect in 2011 has finally subsided and now, Birinyi Associates has issued a report on the reports. In a brief paper called, “Themes and Stocks for 2011” Birinyi analysts have waded through the verbiage of Wall Street’s strategists and came away with a few nuggets of note.

Among a group of 10 firms (Bank of America Merrill Lynch, Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, Morgan Stanley, RBC, S&P, UBS) 30 different lists talking about nearly 1,000 stocks— nine names are the most frequently touted: Microsoft, Procter & Gamble, Cisco, Occidental Petroleum, Aflac, Baxter, IBM, Pepsico, and Qualcomm. Of the nine stocks, only IBM is also recommended by Birinyi Associates in its Growth Portfolio.

The most frequently cited theme: equities are the most attractive asset class.

Most conflicted theme was clearly large-cap vs. small cap stocks.

Source: Birinyi Associates, Inc.

Birinyi Associates also took a look at how well the same group of 10 did in 2010. Of the 7 top themes noted last year, strategists were winners in 5 categories and lost just 2.

Recommendations they got right:

  • Equities over Fixed Income
  • “Overweight” Emerging Markets
  • Fed Target Rate Unchanged
  • Cyclical Sectors Outperform
  • “Higher Quality” Important

Recommendations they got wrong:

  • U.S. Equities to Peak in 1H
  • Large Caps to Outperform

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Companies mentioned in this post

Microsoft

Procter & Gamble

Cisco

Occidental Petroleum

Aflac

Baxter

IBM

Pepsico

Qualcomm

Bank of America Merrill Lynch

Barclays

Credit Suisse

Deutsche Bank

Goldman Sachs

JPMorgan

Morgan Stanley

RBC

UBS

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