Finance: Stock pickers are ignoring these 8 stocks

Bank of America Merril Lynch released its latest equity and quant strategy analysts' list of the most neglected stocks held by active managers.

Bank of America Merril Lynch released its latest equity and quant strategy analysts' list of the most neglected stocks held by active managers. The list is part of a new report on active-manager holdings.

According to BAML, the list includes companies that meet the following criteria: "Stock is 0.2x or less than its weight in the S&P 500 in the fund manager composite, and less than 2% of funds in the sample hold the stock."

The list includes retailers such as Tiffany's & Co, as well as financial companies like Cincinnati Financial and People's United Financial.

Check out the list of eight stocks below:

8. WEC Energy Group

Ticker: WEC

Sector: Utilities

Price: $62.80

Relative Weight: 0.03

% of Hedge Funds Holding Stock: 2.77%

YTD Performance: 8.72%

Source: Bank of America Merrill Lynch

7. Alliant Energy Corp

Ticker: LNT

Sector: Utilities

Price: $41.60

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.85%

YTD Performance: 9.89%

Source: Bank of America Merrill Lynch

6. Tiffany & Co.

Ticker: TIF

Sector: Disc

Price: $91.80

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 1.39%

YTD Performance: 19.06%

Source: Bank of America Merrill Lynch

5. Robert Half Int'l

Ticker: RHI

Sector: Ind

Price: $50.30

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 2.54%

YTD Performance: 2.83%

Source: Bank of America Merrill Lynch

4. Cincinnati Financial

Ticker: CINF

Sector: Financials

Price: $76.60

Relative Weight: 0.02

% of Hedge Funds Holding Stock: 2.08%

YTD Performance: 2.0%

Source: Bank of America Merrill Lynch

3. Leggett & Platt

Ticker: LEG

Sector: Disc

Price: $47.70

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.85%

YTD Performance: -2.65%

Source: Bank of America Merrill Lynch

2. SCANA Corporation

Ticker: SCG

Sector: Utilities

Price: $48.50

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.62%

YTD Performance: -33.33%

Source: Bank of America Merrill Lynch

1. People's United Financial

Ticker: PBCT

Sector: Financials

Price: $18.10

Relative Weight: 0.01

% of Hedge Funds Holding Stock: 1.39%

YTD Performance: -6.17%

Source: Bank of America Merrill Lynch

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Bank of America Merril Lynch released its latest equity and quant strategy analysts' list of the most neglected stocks held by active managers. Read Full Story