Barlow’s Research Roundup: These ‘well-owned’ stocks continue to outperform
Recent analysis indicates that well-owned stocks have significantly outperformed under-owned stocks over the past year. Notably, TSMC, ARM, and Microsoft are among the most owned stocks globally. Meanwhile, the Canadian housing market continues to show weakness in sales volumes despite some stabilization in home prices.
- ▪Well-owned stocks averaged 47.0 percent returns, while low ownership stocks averaged 32.4 percent over the last 12 months.
- ▪The Canadian residential housing market saw a 4 percent year-over-year decline in sales volumes in April.
- ▪Canada's home price index increased by 0.3 percent month-over-month in April, marking the third consecutive month of gains.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott BarlowWell-owned stocks outperformingHistorically, investors have been rewarded for buying under-owned stocks but this has not been the case for the past year as BofA quant strategist Nigel Tupper reports,“In the last 12 months, contrarian investors may have struggled as the most well-owned stocks globally (top 20 per cent by ‘Ownership’) averaged 47.0 per cent, while the ‘Low Ownership’ averaged 32.4 per cent. Currently, 92 per cent of relevant funds globally own TSMC.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
Discussion
0 commentsMore from The Globe and Mail
