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CNBC: Top Most-Loved, Least-Loved Dow Stocks

CNBC: Top Most-Loved, Least-Loved Dow Stocks
 Benjaminec | Dreamstime.com

By    |   Friday, 28 June 2019 09:48 AM

CNBC reported that it screened all Dow Jones Industrial Average companies looking for the stocks with the highest (and lowest) percentage of “buy” ratings.

FactSet gives each company a composite score based on its ratings by analysts, CNBC said in explaining how the list was created.

UnitedHealth is Wall Street analysts’ favorite stock with 25 buy ratings out of 26 total ratings. Visa, Microsoft and Merck & Co. are all tied for second place, CNBC explained.

Washington’s threat of “Medicare for All” getting passed has pressured shares of UnitedHealth, driving them negative for the year. Analysts are optimistic about the healthcare company’s fundamentals.

“We spent two days with the leaders of healthcare innovator UNH and walked away more bullish on the LT growth trajectory, ability to disrupt the industry driving leading cost control and share gains,” PiperJaffray’s Sarah James said in a recent note to clients.

Most-Loved Dow Stocks

  • 1] UnitedHealth Group (UNH)
  • 2] (tie) Visa (V)
  • (tie) Microsoft (MSFT)
  • (tie) Merck & Co. (MRK)
  • 3] McDonald's (MCD)

On the other hand, manufacturing company 3M is the least liked stock in the Dow, with only 4 buy ratings, CNBC said.

CNBC also used FactSet to screen analysts’ least favorite stocks in the Dow Jones Industrial Average. FactSet gave a composite score of their analysts ratings and manufacturing company 3M ranked the least-liked stock in the Dow with only 4 buy ratings.

JP Morgan’s Stephen Tusa is underweight on the stock citing “no growth, no defense, no multiple,” in a recent note.

Least-Loved Dow Stocks

  • 1] 3M Company  (MMM)  
  • 2] Walgreens Boots Alliance (WBA)    
  • 3] Travelers Companies (TRV)
  • 4] Intel (INTC)
  • 5] Exxon Mobil (XOM)

To be sure, global equities have piled on $8 trillion, bonds are on fire, oil prices have surged by almost a quarter and a Greek bank is one of the world’s best performing stocks.

Everything added together it may well be the best first half of a year ever and one that not even the most wily investor would have predicted after the dire end to 2018 and what has happened since, Reuters explained.

The world’s two top economies are slugging it out in a full-blown trade war and the recession warning klaxons are blaring, but still the performance numbers and milestones are astonishing.

The $8 trillion surge in global stocks is the result of a near 15% leap in MSCI’s world index. That is challenging the dot.com boom days of 1997 as the best H1 in its near 40-year history.

Wall Street is up 18%, Europe 13% and China has jumped 20%, which is a lot of what it lost year even factoring in it has given back 5% since the trade tensions erupted again in early May.

“It has been really impressive,” said Swiss fund managers Pictet’s chief strategist Luca Paolini about the rebound from last year’s beating. “All sectors, all markets, all asset classes are in positive territory and that is rather unusual.”

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CNBC screened all Dow Jones Industrial Average companies looking for the stocks with the highest (and lowest) percentage of “buy” ratings.
cnbc, least, loved, most, loved, stocks
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2019-48-28
Friday, 28 June 2019 09:48 AM
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