3 Stocks Top Managers Have Been Buying
Managers from BBH, Dodge & Cox, and Oakmark picked up a grocer, healthcare companies, and--somewhat surprisingly--Netflix last quarter.
Stocks extended their winning streak in the third quarter: The S&P 500 rose 4.5% for the period and was up 14% for the year. And they continued their ascent in October. By most metrics--including Morningstar's own --stocks entered the fourth quarter fairly valued, if not overvalued.
Finding opportunity in an overvalued market can be a tall order. Yet three of our favorite Medalist managers did just that during the third quarter. Here's what they bought.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.