I just checked ratings for S&P components, and I am a bit shocked at what I see. Here are the ratings based on Strong Buy, Buy, Hold, Underperform, and Sell
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Strong Buy: 29
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Buy: 349
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Hold: 117
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Underperform: 4
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Sell: 0
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No Rating: 1
I get nervous when no analyst is willing to step out and provide a Sell rating to any stock in the index. I can find several, based on growth metrics, that I would definitely avoid. Here they are:
Ticker Name
TROW T. Rowe Price Group, Inc.
BEN Franklin Resources, Inc.
AON Aon plc
ESS Essex Property Trust, Inc.
MAA Mid-America Apartment Communities, Inc.
MMC Marsh & McLennan Cos., Inc.
MAR Marriott International, Inc.
UDR UDR, Inc.
MKTX MarketAxess Holdings, Inc.
CPT Camden Property Trust
IVZ Invesco Ltd.
CME CME Group, Inc.
CCI Crown Castle, Inc.
EXR Extra Space Storage, Inc.
SYF Synchrony Financial
BXP Boston Properties, Inc.
EQR Equity Residential
BRO Brown & Brown, Inc.
RJF Raymond James Financial, Inc.
DLR Digital Realty Trust, Inc.
HLT Hilton Worldwide Holdings, Inc.
NDAQ Nasdaq, Inc.
CBOE Cboe Global Markets, Inc.
SPG Simon Property Group, Inc.
AVB AvalonBay Communities, Inc.
BX Blackstone, Inc.
CBRE CBRE Group, Inc.
PSA Public Storage
O Realty Income Corp.
WTW Willis Towers Watson plc
KIM Kimco Realty Corp.
PEAK Healthpeak Properties, Inc.
AMP Ameriprise Financial, Inc.
AXP American Express Co.
SCHW The Charles Schwab Corp.
WY Weyerhaeuser Co.
FRT Federal Realty Investment Trust
INVH Invitation Homes, Inc.
AJG Arthur J. Gallagher & Co.
VTR Ventas, Inc.
IRM Iron Mountain, Inc.
WELL Welltower, Inc.
SBAC SBA Communications Corp.
HST Host Hotels & Resorts, Inc.
EQIX Equinix, Inc.
ICE Intercontinental Exchange, Inc.
REG Regency Centers Corp.
AMT American Tower Corp.
PLD Prologis, Inc.
VICI VICI Properties, Inc.
BLK BlackRock, Inc.
ARE Alexandria Real Estate Equities, Inc.
Maybe, I am overreacting, but I’ve seen this scenario before.