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The 10 Best Stocks for 2013 – Who Will Win the Crown?

A few of these top stocks are slaying the broader market

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#8: Two Harbors

best-stocks-of-2013-two-stockYTD Return: -4%
Steve Freehill

Next up, we have Two Harbors (TWO) — the mortgage REIT chosen for our Best Stocks for 2013 contest by InvestorPlace reader Steve Freehill.

Just like FMX, Two Harbors was one of the best stocks of 2013 early in the contest … but it also has slowly and surely sunk toward the bottom.

Freehill chose Two Harbors for one big reason: its eye-popping yield. And that yield has been getting even sweeter … but only because TWO is moving away from being one of the best stocks of 2013. As of the start of December, Two Harbors was yielding more than 12.1%.

Still, rising rates and the fear of tapering sent investors fleeing mREITs and other income-yielding investments in late spring … and the appetite for TWO stock simply hasn’t come back. With just a few weeks to go, it seems pretty clear that TWO will not end up as one of the best stocks of 2013.

Article printed from InvestorPlace Media,

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