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Continued: Minnesota stocks have a hot first quarter

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Last update: April 7, 2013 - 6:51 PM

Ameriprise Financial, the Minneapolis-based financial planning and investment company, has been the best-performing financial stock since 2009. Ameriprise, also a successful buyer of smaller mutual fund operators, was up 18 percent in the first quarter and 54 percent annually since 2009.

Meanwhile, Dolan Companies, the legal-and-financial publisher that boomed during the foreclosure crisis, was down 38 percent in the first quarter and 21 percent since 2009.

Where are we headed?

“Warren Buffett says to be fearful [sell] when others are greedy and to be greedy [buy] when others are fearful,” Tufte said. “I think there will be better times to add to stock positions later this year.”

 

Patrick Kennedy contributed research for this column.

Neal St. Anthony • 612-673-7206







 

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