Chart of the day: Morningstar's top 10 stock purchases

Comeback-kid AIG tops the latest "Ultimate Stock-Pickers" list from Mornngstar, which covers the third quarter and early part of the fourth.
DEC 11, 2012
Morningstar's senior stock analyst Greggory Warren revealed the Top 10 buys and sells for their managers for the third quarter and early fourth quarter. The list of top purchases (shown below) was heavily weighted toward financial services and technology, Warren noted, with AIG taking the top spot. However, Warren also points out that while Morningstar analyst Jim Ryan says "shares of AIG are materially undervalued when compared to his own valuation (which assumes nothing more than mediocre results over time)," uncertainties still remain. In fact, Ryan acknowledges that AIG "has made significant strides in its recovery," but Warren adds that from an "economic moat perspective, AIG fails the test in almost all regards, [and Ryan believes] that the road to re-establishing its competitive position will be long and extremely difficult." As for the top 10 stocks that Morningstar was selling, that list is topped by Anheuser-Busch Inbev and Wal-Mart. For more on Morningstar's stock perspectives, click here.

Latest News

Cetera’s latest round of job cuts to reduce 5% of staff
Cetera’s latest round of job cuts to reduce 5% of staff

Last week's layoffs totaled at least 130 Cetera employees, according to a senior industry executive.

Stocks rise ahead of packed week of earnings, data
Stocks rise ahead of packed week of earnings, data

Four of the Magnificent Seven will report this week.

Gold down more than 5% in less than a week
Gold down more than 5% in less than a week

Easing anxiety has seen the haven asset slide from record high.

Bond managers grapple with multiple unanswered questions
Bond managers grapple with multiple unanswered questions

Uncertainty remains challenging for Treasuries traders.

Consumers facing higher costs as Chinese firms pass on tariff burden
Consumers facing higher costs as Chinese firms pass on tariff burden

Move will raise concerns of inflationary impact of tariffs.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.