STOCK MARKET WATCH -- Monday, 4 November 2013

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6. Finally, It Looks Like Picking Stocks Is A Winning Strategy

http://www.businessinsider.com/finally-it-looks-like-picking-stocks-is-a-winning-strategy-2013-11

NEW YORK (Reuters) - It's a good time to be a stock picker.
Some 57 percent of U.S. funds run by active managers are beating their benchmark indexes this year, according to fund-tracker Morningstar. That is the best overall performance for the industry since 2009 and well above the 37 percent of funds that typically top the indexes.

Stock pickers are doing well in part because after more than four years of marching higher en masse, stocks have started to separate themselves into leaders and laggards. The lines of demarcation became more pronounced during the past few weeks as U.S. companies reported their recent quarterly results.

Nearly 69 percent of companies are beating analyst estimates in the third-quarter - that's typical, but this season the misses are not concentrated in any particular sectors. Each sector has had its share of high-profile shortfalls.



Read more: http://www.businessinsider.com/finally-it-looks-like-picking-stocks-is-a-winning-strategy-2013-11#ixzz2jfonQLeM