Lori Calvasina, head of US equity strategy at RBC Capital Markets, has identified the stocks most commonly added to long-only funds in the third quarter. She says they're likely to outperform down the line.
Stocks like these don't enjoy a rocket ride to success, but she says the group outperforms over the longer term. Lori Calvasina, head of US equity strategy for RBC Capital Markets, says she's found a group of stocks that's worth the wait. She's tracked the buying patterns of long-only large-cap funds. She did that by monitoring the activity of 751 funds and identifying the stocks that were added to the biggest number of portfolios.
"The Rising Suns tend to see choppy performance trends after being bought, lagging initially and then eventually showing leadership again down the road," she wrote in a note to clients.
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