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Investing

Performance of the Sell Side’s Best Idea Lists

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By Douglas A. McIntyre Updated Published
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From Ticker Sense

This weekend’s issue of Barron’s had an interesting story which recapped the performance of sell-side brokerage firms’ "Best Idea" lists.  As the table below shows, the results were not too flattering.  Overall, the group trailed the performance of the S&P 500 equal-weighted index in each time period covered.

There were some bright spots however.  Smith Barney managed to outperform the benchmark in three out of four periods, while Morgan Keegan outperformed the market in two out of three (There was no data for the five year period).  The best performance though was turned in by Matrix.  While data for the firm was only available for the most recent two periods, the company managed to outperform in both periods by a comfortable margin.

Brokerage_best_idea_lists

http://www.tickersense.typepad.com/

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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