Oracle Corp. and American Express Inc. are just two of the companies that top stock pickers are now recommending to buy, according to Morningstar Inc.

The investment research firm studies the quarterly stock purchases of leading fund managers and cross-checks them with picks from in-house analysts to create a “high-conviction” list of recommendations.

“Of the conviction buying that did take place, most of it focused on high-quality names with defendable economic moats,” writes Greggory Warren, a senior stock analyst at Morningstar. “The conviction buying was also far more focused on firms with low and medium uncertainty ratings, a signal to us that our top managers are sticking with established holdings.”

Morningstar’s Top 10 High-Conviction Purchases

1.    Oracle (ORCL)
2.    Walgreens Boots Alliance (WBA)
3.    BorgWarner (BWA)
4.    Johnson & Johnson (JNJ)
5.    General Electric (GE)
6.    Halliburton (HAL)
7.    American Express (AXP)
8.    Qualcomm (QCOM)
9.    Procter & Gamble (PG)
10.    Intel (INTC)

Morningstar also publishes a list of stocks that are popular as new purchases among fund managers.

Morningstar’s Top 10 New-Money Purchases

1.    Anadarko Petroleum (APC)
2.    Cummins (CMI)
3.    American Express (AXP)
4.    EOG Resources (EOG)
5.    Intel (INTC)
6.    Monster Beverage (MNST)
7.    Discovery Communications (DISCK)
8.    Esterline Technologies (ESL)
9.    MasterCard (MA)
10.     Walgreens Boots Alliance (WBA)

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