One stock pundit’s buy is another’s sell, so judge for yourself

Money managers are calling this a “stock-picker’s market,” but what they are really proving is that investors need to be good at picking their stock pickers.
That’s because the market has experts at odds with each other, intensifying the disagreement that makes the market.
This showed up several times on my radio show, MoneyLife with Chuck Jaffe, last week alone. For example, Vahan Janjigian, editor of Bottom Line Money Masters, sang the praises of Buffalo Wild Wings BWLD, +2.21% during one interview, and also put a buy recommendation on International Business Machines IBM, +2.34% . A day later, Charles Rotblut, editor of AAII Journal, made Buffalo Wild Wings his “Sell of the Week,” after which Craig Hodges, co-manager of the Hodges Small Cap fund HDPSX, +2.06% said he would be a seller of IBM shares.
One of Hodges’ buys was Delta Air Lines DAL, +2.49% ; two days later on the show, manager Brian Yacktman of the YCG Enhanced Equity fund YCGEX, +1.34% reminded investors that “If you sum up profits in this industry since Kitty Hawk, they’re negative” and he recommended selling shares of Delta.
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