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sandp capital iq unveils 2014 power picks

The report – which seeks to identify the 10 stocks most likely to outperform the broader market in 2014 – includes companies from the automotive, consumer discretionary, consumer staples, financials, healthcare, materials and information technology sectors (see table).

2014 ‘Power Picks
ASML
Axa
BBVA
CRH
Diageo
Julius Baer
Michelin
Novo Nordisk
Unicredit
WPP

The selection is in-line with S&P Capital IQ’s 2014 European Strategy Outlook, which revealed a bullish view on Europe. As Expert Investor Europe reported last month, the report forecast “multi-year” economic growth for the region, driven by a rebound in investment.

“We have screened our coverage for companies which are well positioned for this economic environment and which can deliver growth at a reasonable price – one of our consistent themes,” wrote Roger Hirst, head of European equity research at S&P Capital IQ.

“This year we include a greater exposure to financials and to European companies with exposure to the [US] and to Europe.”

Just two of the stocks in the list – ASML and Julius Baer – featured in the equivalent selection for 2013.

Regarding Julius Baer, S&P Capital IQ said the acquisition of the Merrill Lynch International Wealth Management business had expanded its presence in fast-growing emerging markets.

tom@ybc.tv

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