CDLX - Wells Fargo debuts riskier 'Signature Picks' portfolio with four megacaps featured

Wells Fargo introduces its new Signature Picks portfolio this week, identifying 35 stocks.The stocks have an average expected return to their price target of 15% and the portfolio is tilted towards momentum.The criteria for inclusion are:Attractive risk/reward profile over the next 12 months.Rated Overweight and "high conviction" by Wells Fargo research analysts.Passing peer review by the Signature Picks committee.Six-month ADV of at least $5M."Our Signature Picks typically will be more risky and more aggressively positioned than our former QQP model portfolio, which concentrated on defense first and offense second," Wells Fargo Senior Equity Analyst Christopher P. Harvey writes in a note. "However, Signature Picks on occasion will take a more risk-averse stance based on internal metrics and fundamental stock outlooks."The active stock weights (the stock's weight in the portfolio minus the stock's benchmark weight) are plus or minus 5% vs. the index weighting.The most overweight stocks are: Norfolk Southern (NSC),

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Wells Fargo debuts riskier 'Signature Picks' portfolio with four megacaps featured