If you are a risk averse investor that likes to go with the trend, this list may offer an interesting starting point for new additions to your portfolio.
To compile this list we looked for companies that satisfied the following characteristics:
- Beta between 0.7 – 1.1
- Trading 0-3% from the 52-Week High
- Experienced positive money flows from institutional investors over the last two quarters
Here's the list of 19 stocks that satisfy these conditions:
List sorted by beta.
1. Edison International (EIX): Electric Utilities Industry. Market cap of $12.35B. Beta of 0.7. This stock is trading -2.13% below its 52-week high. On a net basis, institutional investors bought 7.0M shares during the current quarter and 5.0M shares during the previous quarter. The stock has gained 14.18% over the last year.
2. Forest Laboratories Inc. (FRX): Drug Manufacturer. Market cap of $9.70B. Beta of 0.71. This stock is trading -1.97% below its 52-week high. On a net basis, institutional investors bought 1.4M shares during the current quarter and 84.3K shares during the previous quarter. The stock is a short squeeze candidate, with a short float at 8.49% (equivalent to 9.74 days of average volume). The stock has gained 19.62% over the last year.
3. Avista Corp. (AVA): Diversified Utilities Industry. Market cap of $1.33B. Beta of 0.73. This stock is trading -2.28% below its 52-week high. On a net basis, institutional investors bought 58.2K shares during the current quarter and 235.2K shares during the previous quarter. The stock has gained 14.34% over the last year.
4. Costco Wholesale Corporation (COST): Discount, Variety Stores Industry. Market cap of $33.40B. Beta of 0.74. This stock is trading -2.61% below its 52-week high. On a net basis, institutional investors bought 582.6K shares during the current quarter and 9.3M shares during the previous quarter. The stock has gained 29.91% over the last year.
5. CPFL Energia S.A. (CPL): Foreign Utilities Industry. Market cap of $13.78B. Beta of 0.74. This stock is trading -2.92% below its 52-week high. On a net basis, institutional investors bought 447.3K shares during the current quarter and 1.1M shares during the previous quarter. The stock has gained 45.28% over the last year.
6. Great Plains Energy Incorporated (GXP): Electric Utilities Industry. Market cap of $2.73B. Beta of 0.76. This stock is trading -2.55% below its 52-week high. On a net basis, institutional investors bought 685.1K shares during the current quarter and 4.6M shares during the previous quarter. The stock has gained 12.17% over the last year.
7. Informatica Corporation (INFA): Business Software & Services Industry. Market cap of $4.87B. Beta of 0.8. This stock is trading -1.55% below its 52-week high. On a net basis, institutional investors bought 1.6M shares during the current quarter and 5.4M shares during the previous quarter. The stock is a short squeeze candidate, with a short float at 6.4% (equivalent to 6.38 days of average volume). The stock has gained 89.11% over the last year.
8. TELUS Corporation (TU): Wireless Communications Industry. Market cap of $15.65B. Beta of 0.82. This stock is trading -2.41% below its 52-week high. On a net basis, institutional investors bought 1.6M shares during the current quarter and 1.6M shares during the previous quarter. The stock has gained 39.51% over the last year.
9. Regency Energy Partners LP (RGNC): Oil & Gas Pipelines Industry. Market cap of $3.82B. Beta of 0.84. This stock is trading -0.93% below its 52-week high. On a net basis, institutional investors bought 12.3M shares during the current quarter and 7.8M shares during the previous quarter. The stock has gained 31.35% over the last year.
10. Danaher Corp. (DHR): Conglomerates Industry. Market cap of $34.23B. Beta of 0.86. This stock is trading -2.4% below its 52-week high. On a net basis, institutional investors bought 3.8M shares during the current quarter and 5.8M shares during the previous quarter. The stock has gained 27.79% over the last year.
11. Vodafone Group plc (VOD): Wireless Communications Industry. Market cap of $151.37B. Beta of 0.86. This stock is trading -2.79% below its 52-week high. On a net basis, institutional investors bought 37.9M shares during the current quarter and 10.2M shares during the previous quarter. The stock has gained 30.14% over the last year.
12. LTC Properties Inc. (LTC): REIT. Market cap of $752.28M. Beta of 0.87. This stock is trading -2.92% below its 52-week high. On a net basis, institutional investors bought 2.1M shares during the current quarter and 2.1M shares during the previous quarter. The stock has gained 8.02% over the last year.
13. Health Care REIT Inc. (HCN): REIT. Market cap of $7.0B. Beta of 0.9. This stock is trading -2.3% below its 52-week high. On a net basis, institutional investors bought 12.7M shares during the current quarter and 9.2M shares during the previous quarter. The stock has gained 19.65% over the last year.
14. Teradata Corporation (TDC): Diversified Computer Systems Industry. Market cap of $8.34B. Beta of 0.93. This stock is trading -2.24% below its 52-week high. On a net basis, institutional investors bought 3.5M shares during the current quarter and 459.1K shares during the previous quarter. The stock has gained 68.33% over the last year.
15. W.W. Grainger, Inc. (GWW): Industrial Equipment Wholesale Industry. Market cap of $9.86B. Beta of 0.96. This stock is trading -2.85% below its 52-week high. On a net basis, institutional investors bought 469.6K shares during the current quarter and 643.6K shares during the previous quarter. The stock is a short squeeze candidate, with a short float at 5.11% (equivalent to 6.28 days of average volume). The stock has gained 30.04% over the last year.
16. V.F. Corporation (VFC): Apparel Clothing Industry. Market cap of $10.80B. Beta of 0.99. This stock is trading -0.65% below its 52-week high. On a net basis, institutional investors bought 1.8M shares during the current quarter and 1.1M shares during the previous quarter. The stock has gained 22.28% over the last year.
17. MarkWest Energy Partners LP (MWE): Oil & Gas Drilling & Exploration Industry. Market cap of $3.69B. Beta of 1. This stock is trading -2.76% below its 52-week high. On a net basis, institutional investors bought 1.7M shares during the current quarter and 1.2M shares during the previous quarter. The stock has had a good month, gaining 14.51%.
18. Wolverine World Wide Inc. (WWW): Apparel Footwear & Accessories Industry. Market cap of $1.85B. Beta of 1.07. This stock is trading -1.47% below its 52-week high. On a net basis, institutional investors bought 696.6K shares during the current quarter and 295.6K shares during the previous quarter. The stock has gained 20.63% over the last year.
19. Green Mountain Coffee Roasters Inc. (GMCR): Processed & Packaged Goods Industry. Market cap of $9.46B. Beta of 1.09. This stock is trading -2.14% below its 52-week high. On a net basis, institutional investors bought 12.2M shares during the current quarter and 1.1M shares during the previous quarter. The stock is a short squeeze candidate, with a short float at 24.53% (equivalent to 6.12 days of average volume). The stock has had a good month, gaining 13.25%.
*Institutional flows sourced from Fidelity, all other data sourced from Finviz.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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