20 Great Stock Ideas for 2023?

In late 2022, Forbes “tapped Morningstar to identify top-performing fund managers who have either beat their benchmarks this year or on a longer-term basis over three-year, five-year or ten-year periods. Here are their best stock ideas for the coming year…” as published at the beginning of January 2023 in “20 Great Stock Ideas for 2023 from Top-Performing Fund Managers”:

Air Lease (AL)
Atlanta Braves Holdings Inc Series C (BATRK)
Becton Dickinson (BDX)
Bill.com Holding (BILL)
CACI International (CACI)
Chord Energy (CHRD)
Comcast (CMCSA)
Dish Network (DISH)
DoubleVerify (DV)
Duolingo (DUOL)
HCA Healthcare (HCA)
Insulet (PODD)
Permian Basin Royalty Trust (PBT)
Philip Morris International (PM)
Royal Caribbean Cruises (RCL)
Shopify (SHOP)
TJX (TJX)
UnitedHealth Group (UNH)
Waste Connections (WCN)
Zebra Technologies (ZBRA)

How did these ideas perform? To check, we collect end-of-2022 and end-of-2023 dividend-adjusted prices for the 20 ideas and calculate the annual total return for each. We then compare the average of these returns to the annual total return for SPDR S&P 500 ETF Trust (SPY). Using the specified annual data for 2022 and 2023, we find that:

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