BOSTON (TheStreet) -- Barrington Research has updated its market-beating list of Best Ideas for 2011, which includes stocks such as Sirius XM (SIRI), Imax (IMAX) and others it expects to rise up to 97%.
Investors may not be as familiar with Chicago-based Barrington Research as they are with Morgan Stanley or Credit Suisse, but the firm's Best Ideas List outperformed key benchmarks in 2010, when it was first started.
Barrington's list is updated quarterly and represents analysts' top picks for the coming 12 months. It is currently composed of 16 stocks with an average market value of $1.3 billion and median market cap of $800 million. Since inception on Jan. 1, 2010, Barrington's best stock picks have risen 56.4%, outpacing gains on the S&P 500 (18.4%) and the Russell 2000 (32.3%).
That success continued in the second quarter, as the Best Ideas portfolio was up 8.3%, excluding dividends, compared with a 0.4% dip on the S&P 500 and a loss of 1.9% on the Russell 2000. Through half of 2011, the Best Ideas portfolio has rallied 15.7%, handily beating a gain of only 5% on the S&P 500 and 5.6% on the Russell 2000.At the top of the portfolio's best performers during the first quarter, Bridgepoint Education (BPI) rallied 46%, Echo Global Logistics (ECHO) jumped 35% and Sirius XM climbed 32%. On the downside, Conceptus (CPTS) and Navistar International (NAV) dropped about 19% each. The latest overhaul sees three new additions the group, while Cabela's (CAB) and Copart (CPRT) have been axed. The 16 stocks now on Barrington's list are arranged below in order of potential upside, based on the firm's 12-month price target and the stock's closing price as of June 30.
Echo Global Logistics (ECHO) Company Profile: Echo Global Logistics is a provider of technology-enabled business process outsourcing, serving the transportation and logistics needs of its clients. Current Share Price: $16.77 Potential Upside from June 30: 1% based on a price target of $18 Barrington's Take: Though the stock trades nearly at the firm's price target following a 40% rally this year, Barrington analysts are still fans of Echo Global as the company's "technology offerings are a competitive differentiator that will enable the company to continue gaining share of a large and underpenetrated market opportunity." "Despite projected long-term earnings growth for Echo that is approximately three times faster than the average of its peers, shares of Echo are valued at only a modest premium to the peer group average," the analysts write.
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