AllianceBernstein has released a report ranking the most and least crowded global stocks.
Crowding is measured based on institutional ownership, long-term price momentum, analyst sentiment and expectation of future earnings.
“The implications of crowded trades are increased volatility, negatively skewed returns, high pairwise correlations and large drawdowns during inflection points and volatile markets,” the report said.
Picking from the report, we list the 12 most crowded US stocks with market cap greater than $20 billion.
Amazon
Foto: source Thomson Reuters
Ticker: AMZN
Sector: Services
Market cap: $368 billion
Price: $766.4
Source: AllianceBernstein
General Electric
Foto: source Mike Blake/Reuters
Ticker: GE
Sector: Industrial goods
Market cap: $284 billion
Price: $31.36
Source: AllianceBernstein
Foto: source Thomson Reuters
Ticker: FB
Sector: Technology
Market cap: $282 billion
Price: $120.9
Source: AllianceBernstein
UnitedHealth
Foto: source AP
Ticker: UNH
Sector: Healthcare
Market cap: $143 billion
Price: $150.4
Source: AllianceBernstein
Charter Communications
Foto: source Wikipedia Commons
Ticker: CHTR
Sector: Services
Market cap: $70 billion
Price: $271.1
Source: AllianceBernstein
Broadcom
Foto: source Reuters
Ticker: AVGO
Sector: Technology
Market cap: $67 billion
Price: $175.9
Percent change since election: -0.6%
Source: AllianceBernstein
O’Reilly Automotive
Foto: source Nicholas Eckhart/Flickr
Ticker: ORLY
Sector: Services
Market cap: $26 billion
Price: $275.1
Source: AllianceBernstein
FIS
Foto: source NYSE
Ticker: FIS
Sector: Technology
Market cap: $25 billion
Price: $78.8
Source: AllianceBernstein
Monster
Foto: source REUTERS/Fred Prouser
Ticker: MNST
Sector: Consumer goods
Market cap: $25 billion
Price: $45.04
Source: AllianceBernstein
Zoetis
Foto: source Thomson Reuters
Ticker: ZTS
Sector: Healthcare
Market cap: $25 billion
Price: $50.0
Source: AllianceBernstein
Newell Brands
Foto: source AP Photo/Bill Waugh
Ticker: NWL
Sector: Consumer goods
Market cap: $23 billion
Price: $47.8
Source: AllianceBernstein
Molson Coors
Foto: source Flickr/Tony Fischer Photography
Ticker: TAP
Sector: Consumer goods
Market cap: $21 Billion
Price: $99.42
Source: AllianceBernstein
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