YTD Return: +20%
Investor: Louis Navellier
Louis Navellier’s pick of Sherwin-Williams (SHW) was another pick in the Best Stocks for 2013 contest that suffered from one big and unexpected setback.
What happened? Well, Mexico’s competition watchdog denied the company’s pending $2.34 billion purchase of Comex Group – the fourth-largest paint-maker in North America. When that news — along with an earnings miss — was released, SHW stock tumbled from its second-place spot for the best stocks of 2013.
Sherwin-Williams stock did regain some ground in recent months, and did appeal the rejected bid. But in late October, regulators again denied the deal … and SHW stock again fell.
Now, SHW’s year-to-date gains of 20% are barely good enough for a top-five spot in the Best Stocks for 2013 showdown.