10 stocks everyone will brag they own
If there’s one thing you can expect at holiday parties, it’s all the bragging about the stocks people owned. Funny, they’re all the stocks that went up.
There are 10 stocks in the Standard & Poor’s 500, including biotech Vertex Pharmaceuticals (VRTX), Southwest Airlines (LUV) and Electronic Arts (EA) that you can be certain to hear people talk about owning. We know this because these are the stocks that were up 50% or more this year through last week — and are up again over the past week, according to data from S&P Capital IQ and analyzed by USA TODAY.
Read More What’s really going on under the market’s hood?
And it’s not your your coworkers who will talk about their genius at picking these wonderful stocks. It’s a game mutual fund managers are playing right now. In the quarterly “window dressing” ritual, mutual fund managers will buy shares of stocks that did great during the period. That way these managers can brag about owning them by listing them in their periodic reports.
More from USA Today:
Pop all that bubble talk
Someone needs to tell these funds about the bull market
Blackrock on target-date funds: It’s to, not through
And the data shows you exactly which stocks these are. Take the best example, Vertex Pharmaceuticals. The company, working on treatments for a variety of genetic issues, has skyrocketed 55% this year through a week ago (Nov. 26). Investors who didn’t own the stock for the run want to make sure they have it in time for the holiday parties. That demand has pushed the stock up another 4.1% in the past week.
Visit source:
10 stocks everyone will brag they own
