S&P 500 Index (SP500)Monica L. Correa,
DNY59
Wells Fargo analysts updated their Signature Picks list, an “eclectic” portfolio of stocks that represent the Equity Research team’s best ideas.
The portfolio has outperformed the S&P 500 (SP500) year-to-date by 15.6%, although the portfolio cash has dropped from 13.4% to 11.2%.
Analysts added AvalonBay (AVB) and Vertex Pharmaceutical (VRTX) to the list, swapped some JPMorgan (JPM) for Citigroup (C), and cut Nvidia (NVDA) from 6.8% to 5%.
Here is the full list, all stocks rated overweight:
- The Walt Disney Co. (DIS) – list weighting: 4.6%
- Pinterest Inc. (PINS) – list weighting: 4.1%
- Autozone Inc. (AZO) – list weighting: 2.7%
- Amazon.com Inc. (AMZN) – list weighting: 7.1%
- Caesars Entertainment (CZR) – list weighting: 1.3%
- Constellation Brands Inc. (STZ) – list weighting: 3.8%
- Arch Capital Group (ACGL) – list weighting: 3.6%
- Citigroup Inc. (C) – list weighting: 3.7%
- JPMorgan Chase (JPM) – list weighting: 1.3%
- Mastercard Inc. Class A (MA) – list weighting: 3%
- Progressive Corp. (PGR) – list weighting: 3.1%
- AbbVie Inc. (ABBV) – list weighting: 3.9%
- Vertex Pharmaceuticals Inc. (VRTX) – list weighting: 2%
- Apple Inc. (AAPL) – list weighting: 10.7%
- CrowdStrike Holdings Inc. (CRWD) – list weighting: 3.4%
- Nvidia Corp. (NVDA) – list weighting: 11.8%
- NXP Semiconductors N.V. (NXPI) – list weighting: 3%
- Synopsys Inc. (SNPS) – list weighting: 4.6%
- Albemarle Corp. (ALB) – list weighting: 0.5%
- Celanese Corp. (CE) – list weighting: 2.3%
- AvalonBay Communities Inc. (AVB) – list weighting: 2%
- CMS Energy Corp. (CMS) – list weighting: 1.1%
- NextEra Energy Corp. (NEE) – list weighting: 2.2%