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Best Response

This question tends to be more typical for equity research positions, rather than IBD. That being said, some interviewers have still been known to ask it on the IBD side, so you should definitely prepare a response. Personally, I would never ask it in an interview. I think there are much more relevant questions to gauge whether someone is following the market. We're not stock pickers afterall.

On a similar note, especially if it's an industry coverage group, you might also be expected to pick a stock w/in the industry, tell why you think it's interesting, and walk through their business mode.  This is more to gauge your interest in the industry rather than your ability to pick stocks.

 

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