We are removing T. Rowe Price (TROW) from Investing Ideas.
TROW shares have held up well in the volatile equity market year-to-date but we think the stock will be too cyclical for more challenging broader economic results as we move into the middle part of the year. Mutual fund trends are starting to reflect this slowing growth with bond trends starting to improve with stock fund trends starting to slow over the most recent 12 week period. We do not think it is a rush for the exits on TROW shares and are still expecting a good earnings result upcoming this week on April 24. We are getting ahead of this catalyst however and recommend that investors use any stock strength to sell or reduce their TROW position.