CG - Is Brookfield Asset Management Stock a Buy?
While most stocks took a hit last week during the coronavirus-fueled sell-off and the S&P 500 is down for the year, some stocks just kept right on moving forward.
One of those stocks is Brookfield Asset Management (NYSE: BAM). As of March 4, Brookfield Asset Management was up about 8% year-to-date, a continuation of strong long-term performance. In 2019, Brookfield's stock price rose 50.72%, and over the past five years through Dec. 31, 2019, it has an annualized return of 11.58%. The S&P 500 is up 8.05% on an annualized basis in the same timeframe.
Can Brookfield Asset Management continue to outperform, and is it a buy right now? Let's take a look.