BAML: Stock pickers are ignoring these 8 stocks

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Bank of America Merril Lynch released its latest equity and quant strategy analysts’ list of the most neglected stocks held by active managers. The list is part of a new report on active-manager holdings.

According to BAML, the list includes companies that meet the following criteria: “Stock is 0.2x or less than its weight in the S&P 500 in the fund manager composite, and less than 2% of funds in the sample hold the stock.”

The list includes retailers such as Tiffany’s & Co, as well as financial companies like Cincinnati Financial and People’s United Financial.

Check out the list of eight stocks below:

8. WEC Energy Group

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Ticker: WEC

Sector: Utilities

Price: $US62.80

Relative Weight: 0.03

% of Hedge Funds Holding Stock: 2.77%

YTD Performance: +8.72%

Source: Bank of America Merrill Lynch

7. Alliant Energy Corp

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Ticker: LNT

Sector: Utilities

Price: $US41.60

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.85%

YTD Performance: +9.89%

Source: Bank of America Merrill Lynch

6. Tiffany & Co.

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Ticker: TIF

Sector: Disc

Price: $US91.80

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.39%

YTD Performance: +19.06%

Source: Bank of America Merrill Lynch

5. Robert Half Int'l

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Ticker: RHI

Sector: Ind

Price: $US50.30

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 2.54%

YTD Performance: +2.83%

Source: Bank of America Merrill Lynch

4. Cincinnati Financial

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Ticker: CINF

Sector: Financials

Price: $US76.60

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 2.08%

YTD Performance: +2.0%

Source: Bank of America Merrill Lynch

3. Leggett & Platt

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Ticker: LEG

Sector: Disc

Price: $US47.70

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.85%

YTD Performance: -2.65%

Source: Bank of America Merrill Lynch

2. SCANA Corporation

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Ticker: SCG

Sector: Utilities

Price: $US48.50

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.62%

YTD Performance: -33.33%

Source: Bank of America Merrill Lynch

1. People's United Financial

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Ticker: PBCT

Sector: Financials

Price: $US18.10

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.39%

YTD Performance: -6.17%

Source: Bank of America Merrill Lynch

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