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Re-Ranking the Top Stocks

There’s been a lot of changes in the stock market recently. For the past few years many of us investors/money managers have relied on some well known growth stocks to power our portfolios. Topping the list have been Facebook (FB), Apple (AAPL), Amazon (AMZN), Booking.com (BKNG) which used to be named Priceline (PCLN), TenCent (TCEHY) and Alibaba (BABA).

But this year’s different. Some of these big names have fallen from grace. In the case of Facebook, the company is still raking in the marketing revenue (Instagram is hot) but now management is devoting more resources to security issues. So profit growth is expected to slow, thus the stock has fallen as well.

In the case of Chinese stocks, the Chinese Yuan’s decline almost matches the decline of the Chinese stock exchanges (around 25% ytd). These also have slowing to negative growth.

I am re-ranking my top stocks, here’s 6 of my current leaders.

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