#2 (tie): Daimler
Q2 Return: +11%
YTD Return: +15%
Investor: Charles Sizemore
Luxury automaker Daimler (DDAIF) is one of our first market-beating picks, tallying up a total return of 15% so far this year even after some recent weakness, putting it in a tie for second place.
And contest veteran Charles Sizemore definitely thinks Daimler still has plenty of room to run.
Even when the stock was at a 52-week high, Sizemore still wrote that it was not just a buy, but a bargain. The German company has been priced for zero growth thanks to weakness in Europe, as seen of late, but the luxury car market has remained solid.
Daimler’s profit outlook is improving, and demand for its redesigned S-Class — the high-end flagship model — has been strong. For the cherry on top, the Mercedez-Benz car-maker has also been cutting costs of late — and doing so faster than it originally expected.