Although the US economy has gathered steam in the third quarter, gross domestic product still grew at an annualized pace of less than 1 percent in the first half of the year. Meanwhile, the S&P 500 trades at 20.5 times earnings—toward the top of its historical range. Stay hedged, my friends.
Over the past several quarters, we’ve assembled a Watch List of high-quality names that we’d consider adding on a pullback in the broader market. We revisit these stocks, their stories and their growth prospects.
After successive waves of indiscriminate selling and buying, the easy money has been made in the MLP space; going forward, investors must have a firm grasp on underlying fundamentals to achieve differentiated returns.
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