A Few of Hulbert's Top-Rated Financial Advisers Bullish on Stocks for 2014

Thursday, 26 Dec 2013 11:52 AM

By Dan Weil

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Several financial newsletter publishers who earned entrance into Hulbert Financial Digest's Honor Roll of Advisors for 2014 are bullish on stocks.

A total of 12 advisers made the grade, based on their performance in both bull and bear markets since the market peak of early 2000, Mark Hulbert, editor of the Digest, writes in Barron's.

Of the 12, only four offer stock-market timing views, and all of them sound bullish notes on equities.

Editor's Note: Ordinary Guy Makes Millions, Retires at 42 (See Photo)

Overall, they allocate an average of 88 percent of their model portfolios to stocks, up from 86 percent a year ago, Hulbert says.

"So, on balance, they today are just as bullish, if not slightly more so, than they were a year ago," he writes.

One of the newsletter publishers, Bob Brinker of Marketimer, sees a good chance for stocks to undergo a short-term correction. But that would simply put the market on more stable ground, Brinker says, recommending a 100 percent invested position through dollar-cost averaging, according to Hulbert.

As for individual stocks, at least three of the 12 advisers on the Honor Roll recommend each of the following:

• Abbott Labs (ABT)
• American Express (AXP)
• Automatic Data Processing (ADP)
• Berkshire Hathaway ( BRKA / BRKB )
• Disney (DIS)
• GAP (GPS)
• Johnson & Johnson (JNJ)
• McKesson (MCK)
• Paychex (PAYX)
• PepsiCo (PEP)
• Pfizer (PFE)
• Philip Morris Int'l (PM)
• Union Pacific (UNP)

Major stocks market indexes hit record highs again Thursday amid news that jobless claims declined last week.

"The stock market is energized by the stronger macro-[economic] trends that we're seeing," Jim Russell, senior equity strategist at U.S. Bank Wealth Management, tells Bloomberg.

"The fundamentals are filling in for a market that has been primarily Fed-driven. We think that is a healthy and sustainable development that has some momentum into 2014."

Editor's Note: Ordinary Guy Makes Millions, Retires at 42 (See Photo)

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