9 Most Mentioned "Top Picks"

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

Companies mentioned in this post


Procter & Gamble


Occidental Petroleum






Bank of America Merrill Lynch


Credit Suisse

Deutsche Bank

Goldman Sachs


Morgan Stanley




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