No. 8: Caterpillar
Q4 Return: 5%
Total Return: 2%
Investor: Dan Burrows
Caterpillar (NYSE:CAT) was the third-to-worst pick heading into the fourth quarter and remains there now that the final three months have come and gone. The construction equipment maker had a tough year in the wake of the global slowdown.
Dan Burrows remains as bullish as ever on the stock in the long term, but things aren’t looking much brighter for 2013, either. In late October, Caterpillar followed up a disappointing full-year 2012 forecast with news that it expects around the same in 2013.
Heck, the company even made headlines by lowering its 2015 forecast because it expects “fairly anemic and modest growth” until then.
In the end, despite several bright spots throughout the year, CAT is definitely not a Top Stock of 2012 … and is an underdog for the new year as well.