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A Barron’s 2023 portfolio of 77 recommended stocks had an average total return of 9.9%, trailing their respective benchmarks that returned 12.7%.
In its article reviewing the performance of stocks that were the subjects of bullish articles, Barron’s noted that choosing only one of the Magnificent 7 – Tesla (TSLA) – was a major reason for the underperformance.
The picks are measure against the S&P 500 (NYSEARCA:SPY) (IVV) (VOO), the S&P 400 Midcap (MDY) or the Russell 2000 (IWM), depending on market cap.
Tesla was the top performer on the list, with a total return of nearly 120% since the article mention. That was followed by Frontier Communications (FYBR) up 77%, Ferguson (FERG) up 55%, SharkNinja (SN) up 49.% and Ferrari (RACE), up 43%.
Among the losers, Hertz (HTZ) was the worst performer, down 44%, followed by Pfizer (PFE), off 32%. The article called PFE a value pick that turned out to be cheap for a reason.
Net Power (NPWR) fell 31%, restaurants payments process Toast (TOST) lost 22% and Topgolf Callaway (MODG) was off 17%.