Performance of Michael Farr’s Annual Top 10 Stocks

Does Michael Farr, CEO and founder of Farr, Miller & Washington, offer good stock picks via his annual CNBC articles identifying the best 10 stocks for the next year? To investigate, we take his picks for 2022, 2023 and 2024, calculate the associated annual (first half only for 2024) total returns for each stock and compute the equal-weighted average return for the 10 stocks for each year. We use SPDR S&P 500 ETF Trust (SPY) as a benchmark for these averages. Using year-end or end of June 2024 dividend-adjusted stock prices for the specified stocks-year, we find that: (more…)