Cameco Corp., Finning International Inc. and Primero Mining Corp. made the cut among seven Canadian names on Cantor Fitzgerald’s 36 best global ideas for 2014.
Also included were AG Growth International Inc., Catamaran Corp., Descartes Systems Group Inc. and Halogen Software Inc..
Some of the other companies on the investment bank’s list include U.S.-listed Facebook Inc., Expedia Inc. and Digital Realty Trust, European names Rolls-Royce Holding PLC, Carrefour SA, Swatch Group Ltd. and Ryaniar Holdings PLC and Asia-based Samsonite International SA and Softbank Corp.
Cantor Fitzgerald analysts like the 36 companies (14 U.S., 22 international) because of their attractive valuations, strong underlying fundamentals and earnings outlooks, and the potential for attractive returns over the short and long term, even without broader market strength.
“We believe that equities will remain an attractive asset class across major regional markets and geographies, but that careful stock selection will be key in 2014,” said Christina Rizopoulos Valauri, the firm’s global director of research.
“Our investment view is influenced in part by the following factors: relatively high stock valuations as we exit a strong 2013 performance of the U.S. markets, and the potential for increased market volatility in 2014; stabilization of the Eurozone; as well as broad differentiation projected within the emerging markets, as capital flows shift to more developed economies.”
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