No. 7: Alcoa
Q4 Return: -3%
Total Return: 2%
Investor: Jeff Reeves
In Q3, Alcoa (NYSE:AA) broke into the top five and look poised to make a run down the homestretch. Unfortunately, that run never did happen.
AA managed to end just slightly in the black — better than the back of the pack can say — but its 2% gains aren’t anything to write home about.
InvestorPlace Editor Jeff Reeves summed up the year’s problems nicely: He was betting on a global manufacturing recovery and an improvement in aluminum pricing, but didn’t get either, all while investors remained defensive.
Like Burrows, Reeves is sticking to his pick — even though it didn’t win him any honor in the contest. He believes many of the same bullish arguments for the stock hold true for the coming year. Plus, Alcoa has an attractive valuation and is a cyclical play. The global economy won’t be deadbeat forever.
Then again, that’s what he said last year.
Disclosure: Jeff Reeves owns Alcoa stock.