What do America Online, Boatmen's Banchares and Boeing have in common? They ranked first through third, respectively, on Lehman Brothers' uncommon stock values list for 1996. This is the 48th consecutive year the department has ranked common stocks that it believes will outperform the S&P 500 during the next 12 months, regardless of the outlook for its industry or the overall economy. In fourth through 10th places, respectively, were Cummins Engine, ITT, LCI International, Owens-Illinois, Pacific Care Health Systems, PepsiCo and Wang Labs.
Last year's portfolio gained 31.41% for the year ended June 30, vs. 23.11% for the S&P 500. Since 1949, 34 Uncommon Values portfolios have outperformed the market while 13 have underperformed, according to Lehman.
