From Ticker Sense
Earlier today we sent out a copy of our 1st quarter global equity market impact. One of the more notable aspects of the quarter was the return of the giant sucking sound.
Over the last few years, we have found that during most quarters, US stocks are very well represented on the list of stocks with the most negative impact on global equity returns and under represented on the list of stocks with the most positive impacts. This is an indication of the outflows from US equities into international markets.
The first quarter of 2007 was no different. While five stocks (C, MSFT, GE, JNJ, AMGN) made the top ten list of names with the most negative impact, only one name made the list of positive stocks (T, yes you read that right- T!).
