From Ticker Sense
This weekend’s issue of Barron’s had an interesting story which recapped the performance of sell-side brokerage firms’ "Best Idea" lists. As the table below shows, the results were not too flattering. Overall, the group trailed the performance of the S&P 500 equal-weighted index in each time period covered.
There were some bright spots however. Smith Barney managed to outperform the benchmark in three out of four periods, while Morgan Keegan outperformed the market in two out of three (There was no data for the five year period). The best performance though was turned in by Matrix. While data for the firm was only available for the most recent two periods, the company managed to outperform in both periods by a comfortable margin.
