Capital One tops InvestorPlace.com list of the 10 Best Stocks for 2012 with the highest year-to-date return; Turkcell advances to second spot.
Shares of Capital One were up 34% year-to-date (YTD) as of the market close July 31, keeping the stock atop the InvestorPlace.com 10 Best Stocks for 2012 buy list. The buy list is a free resource for individual investors and includes buy-and-hold recommendations from a group of money managers, market experts and financial journalists. Capital One was recommended by Philip van Doorn, banking and finance analyst for TheStreet.com.
Turkish mobile giant Turkcell, recommended by Charles Sizemore, money manager and editor of The Sizemore Investment Letter, landed the No. 2 spot on the buy list with 17% YTD gains as of the market close July 31.
“Turkcell is an interesting contrarian play,” notes Sizemore. “The struggle for control of Turkcell’s board has made the stock something of a pariah. Turkcell hasn’t paid a dividend in two years because the two rival shareholder factions can’t sit in a room together for long enough to agree to pay it. The boardroom circus keeps a lid on share prices, but it will get fixed, and soon. The Turkish government is losing patience, and the fiasco has become something of a national embarrassment. In the meantime, we’re able to accumulate shares of one of the finest emerging market stocks at very reasonable prices.”
To view the complete list of the 10 Best Stocks for 2012, visit: http://investorplace.com/best-stocks-for-2012
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