FA Center: Wall Street veteran who flagged Apple at $1.14 a share says these 5 overlooked stocks are buys

Would you be interested in a stock-market adviser who recommended Apple in 2002 at a split-adjusted price of $1.14? Of course you would.

Shares of Apple AAPL, +0.94% neared $195 at Wednesday’s close, representing a more than 39% annualized gain since that level from 16 years ago. Meanwhile, the comparable total return of the S&P 500 AMC, -1.61% is 9.6% annualized.

The veteran adviser is George Putnam, editor of “The Turnaround Letter” investment advisory service. He just celebrated his newsletter’s 32nd birthday. So it’s a big deal that he is beginning his 33rd year at the helm of The Turnaround Letter.

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