Is Stock Picking Impossible This Year?

One frustration many portfolio managers are voicing -- at least the underperforming ones -- is that stock picking is impossible this year, with the Federal Reserve "manipulating" the markets.  While I do agree that the Fed is trying to steer the market to a pre-ordained outcome (using the wealth effect to drive economic growth and better employment), is it the case that stock picking is "impossible" this year?

Rather than speculate, let's go to the numbers.  I sorted all the large cap stocks (defined as greater than $5 billion market cap) by YTD total return, then looked at a couple key indicators to see what they, well, indicated about the stocks.  Growth managers often look at EPS revisions and value managers look at price-to-earnings multiple, so were these helpful in sorting out stocks to help find this year's winners?...298 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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