Why hated companies are the stocks you want to love
by Mark Hulbert
CHAPEL HILL, N.C. (MarketWatch) — Fortune magazine earlier this month identified Apple as the most admired company in America. Investors may want to sell.
You read that right: Companies that are as popular as Apple often have difficulty living up to investors’ expectations.
This certainly has been the case over the past year: The stock of the most admired company in last year’s Fortune ranking (which, like this year, also was Apple) is 16% lower today than then, according to FactSet. The S&P 500 meanwhile, is down 3%.