2013 has undoubtedly been a great year for stocks, but not every stock is surging. In this segment from The Motley Fool's everything-financials show, Where the Money Is, analysts David Hanson and Matt Koppenheffer look at a handful of stocks lagging the broader market. Matt gives his take on Two Harbors (NYSE:TWO), Annaly Capital Management (NYSE:NLY), Chimera (NYSE:CIM), and Prospect Capital (NASDAQ:PSEC).
Among the laggards, David tells viewers why he thinks American Tower (NYSE:AMT) is poised for strong returns going forward. American Tower, which leases antenna space on nearly 55,000 cell sites to wireless service providers, benefits from pricey switching costs that tend to keep tenants renewing at 98% to 99% annually. And nearly four out of five of its current leases don’t renew for nine years or more.