Wealth Management Advice, Products & Services Investment Solutions Research Areas Equity Research Analysts’ Best Picks® Record Analysts’ Best Picks® Record To receive a copy of the 2021 Analysts’ Best Picks® List, please contact your Raymond James financial advisor or use the Office Locator to find an office convenient to you. Year Best Picks Lista S&P 500f Excess Return 1996 37.2% 22.6% 14.7% 1997 53.5 37.1 16.4 1998 38.9 30.8 8.2 1999 143.9 25.4 118.6 2000 46.9 -4.8 51.7 2001 11.6 -15.0 26.6 2002 -0.6 -22.7 22.2 2003 37.2 24.3 12.9 2004 27.7 14.9 12.9 2005 17.2 7.1 10.1 2006 5.9 14.9 -9.0 2007 30.5 6.2 24.2 2008 -35.0 -38.6 3.5 2009 62.5 35.4 27.1 2010 31.2 16.8 14.4 2011 0.5 5.3 -4.8 2012 9.5 18.3 -8.9 2013 49.3 33.7 15.6 2014 13.1 17.9 -4.8 2015 4.6 0.9 3.7 2016 12.8 11.8 1.0 2017 9.4 20.8 -11.4 2018 -5.5 -3.5 -2.0 2019 32.1 26.9 5.2 2020b 5.6 19.1 -13.5 5 Yr. Avg.c 10.9 15.0 -4.1 10 Yr. Avg.d 13.1 15.1 -2.0 25 Yr. Avg.e 25.6 12.2 13.4 a Total returns are shown as if an equal dollar allocation was made to each stock at the December pricing date and held until 12/31 of the following year. b ABP 2020 and S&P 500 performance reflect total return through the close of 12/09/20. c Simple average of returns for 2016 through 2020. d Simple average of returns for 2011 through 2020. e Inception (1996) simple average of returns through the close of 12/09/20. f S&P total return with dividends reinvested over the same time periods as ABP inception and liquidation periods. Source: Bloomberg LLC Please keep in mind, past performance is not indicative of future results and an investor would incur commissions or fees (and interest charges if transacted in a margin account) related to investing in these recommendations. *On a total return basis with performances averaged as if an equal dollar allocation was made to each stock at the December pricing date and held until December 31 of the following year. Individual results will vary and transaction costs related to investing in these stocks will affect overall performance. There is no assurance that the list will achieve the results expected, and investors may incur profits or losses. The results presented should not and cannot be viewed as an indicator of future performance. S&P 500 total return with gross dividends reinvested is from Bloomberg LLC. Since 1996 a total of 285 stocks have been recommended through the Analysts' Best Picks® list. Of this total, 183 advanced (64%) and 102 declined (36%) within the recommended holding period. The holding period for each year's list is approximately 55 weeks from the inception date to December 31 of the following year. Annual results are before commissions or fees. The results presented should not and cannot be viewed as an indicator of future performance. Individual results will vary and transaction costs related to investing in these stocks will affect overall performance. There is no assurance that the list will achieve the results expected and investors may incur profits or losses. The performance returns in 1999 were extraordinary and it is unlikely that these unrealistically high returns will be repeated. The S&P is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. A complete list of all Analysts’ Best Picks® since 1996 is available upon request. About Us Careers Investor Relations News & Media Contact Us Legal Disclosures Privacy, Security & Account Protection Terms of Use Equal Opportunity Employer © 2021 Raymond James Financial, Inc. All rights reserved. Raymond James & Associates, Inc., member New York Stock Exchange / SIPC, and Raymond James Financial Services, Inc., member FINRA / SIPC, are subsidiaries of Raymond James Financial, Inc. Raymond James® and Raymond James Financial® are registered trademarks of Raymond James Financial, Inc. Raymond James & Associates, Inc. Statement of Financial Condition