Stocks that have lost their shine

Morningstar unveils the top stock sales from its 'ultimate stock-pickers' team.

By Kim Peterson Sep 7, 2010 1:59PM
Finding the best Mutual funds © ThinkStock / SuperStockBerkshire Hathaway (BRK.B) remains an all-star pick of fund managers, while Comcast (CMCSA) is in the doghouse.

Morningstar reported the second-quarter holdings of its 'Ultimate Stock-Pickers' this week, and for the most part, few of the top 10 had changed. The stock-pickers still like stability, choosing companies with solid revenue, sound balance sheets and a growing cash pile, writes analyst Greggory Warren.

All the usual suspects were on the list, including Coca-Cola (KO), Johnson & Johnson (JNJ), ExxonMobil (XOM) and Microsoft (MSFT). Note: Microsoft publishes MSN Money.

But the list of top sales is where it gets interesting. Here are the top 10 sales by the group:

General Electric (GE): This stock made the list after Fairfax Financial (FFH) recently closed its position.

BP (BP): Hardly a shocker. Three of the four managers that held this stock going into the second quarter dumped it, Warren writes.

Comcast (CMCSA): Several funds have sold off Comcast shares this year, including Hartford Capital Appreciation (ITHAX), Sound Shore (SSHFX) and Tweedy Browne Value (TWEBX), Warren writes. Comcast shares saw a pretty interesting drop in the last month, but recently the stock has begun to climb.

Avon (AVP) and Plains Exploration & Production (PXP): These stocks are also getting left behind by some investment funds.

Diageo (DEO): There are concerns about muted growth opportunities and realignment costs at this alcoholic beverage producer, Warren writes.

Wal-Mart (WMT)
: We've covered this extensively on our blog. Despite its dominance of the nation's retail scene, Wal-Mart as a stock is a bit of a dud.

Other stocks on the top sales list include UnitedHealth Group (UNH), Assurant (AIZ) and Newmont Mining (NEM). Jim Jubak, coincidentally, just named Newmont Mining to his Jubak's Picks list.

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