Watch Out For American Tower (AMT) In 2010

CNN gave its top 10 picks for 2010. Here’s a report.

CNN picked American Tower Corporation (NYSE: AMT) as one of the top 10 stocks to be watched out for in 2010.

According to CNN, American Tower Corporation owns 26,000 towers around the world and controls large territories without the threat of competition.

Oppenheimer analyst Timothy Horan notes that American Tower is managed the best. It enjoys a higher profit margin than its competitors and has enough cash to buy operators overseas. The stock is trading at $40.05.