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Ranking the 10 Best Stocks for 2012

8 of 10 experts' picks are at double-digit gains year-to-date

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No. 8: Banco Santander

Banco Santander STDCurrent Return: +11%
Jim Jubak

Jim Jubak summed it up nicely in the headline of his initial recommendation, “A European Bank Is Your Best Buy for 2012 … Really!” That European bank was Banco Santander (NYSE:STD), a Spanish financial stock at the heart of the eurozone meltdown.

So far, though, Jim has been right on with his assessment that the worst is past and STD stock has strong upside. He wrote in his original recommendation, “I think Banco Santander’s price has been a victim to standard investor behavior: In a panic, the motto is ‘Sell everything and sort it out later.'”

Bargain hunters have been rewarded with a double-digit gainer so far in 2012. And if the eurozone nonsense continues to move toward some resolution of Greek debt, there could be bigger gains ahead.

Of course, if there’s a default, it could be trouble too. As Jim points out, the panic mentality isn’t rational. Every European stock, even STD, could suffer in the event of a Greek default.

Article printed from InvestorPlace Media,

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