InvestorPlace.com recently released its third annual list of the best stocks to buy. The 10 Best Stocks to Buy for 2013, which is free and open to the public, includes buy-and-hold recommendations from a group of money managers, market experts and financial journalists.
As of the market close January 31, nine of the 10 stocks on the buy list posted positive year-to-date returns. The No. 1 stock, mortgage real estate investment trust (REIT) Two Harbors (NYSE:TWO), was up 12.1% YTD, which was more than double the Dow (+ 5.8%), the S&P (+ 5.0%) and the Nasdaq’s (+ 4.1%) returns. Two Harbors was recommended by Steve Freehill, the winner of the InvestorPlace.com reader submission contest.
Capturing the second spot on the buy list is Mexico-based beverage conglomerate Fomento Economico Mexicano (NYSE:FMX), popularly known as FEMSA. Shares of the stock were up 7.1% YTD. FEMSA was recommended by Jon Markman, award-winning financial journalist and editor of the Trader’s Advantage investing advisory.
Rounding out the top three is chipmaker Qualcomm (NASDAQ:QCOM), recommended by Paul La Monica, CNNMoney editor and author of The Buzz market column. The stock was up 6.7% YTD.
Year-to-date returns for the other seven stocks on the buy list are (as of the market close January 31):
- Daimler (PINK:DDAIF); +5.4%
- MSCI Greece Fund (NYSE:GREK); +5.4%
- Sherwin-Williams (NYSE:SHW); +5.4%
- Great Lakes Dredge & Dock (NASDAQ:GLDD); +5.0%
- Mylan (NASDAQ:MYL); +3.0%
- Intel (NASDAQ:INTC); +2.0%
- Vale (NYSE:VALE); -3.8%
For the complete recommendations, visit: http://investorplace.com/best-stocks-for-2013/.
InvestorPlace.com is a leading financial news and investing site, providing millions of individual investors with access to free stock picks, mutual fund research, market news and sharp, actionable commentary. InvestorPlace Media is privately owned by Avista Capital Partners, with offices in Rockville, Md., just outside Washington, D.C.