Market Extra: Is this the year for stock pickers? Here are 20 picks from Citi


Market Extra: Is this the year for stock pickers? Here are 20 picks from Citi
  1. Market Extra: Is this the year for stock pickers? Here are 20 picks from Citi
    marketwatch.com
    Citi’s most-favored stock list includes global autos, banks, energy and information technology companies …
    Finance

If 2017 turns into a year for stock picking, then a fat list of global favorites from Citigroup may not be a bad place to start.

The most-favored stock list comes from Citi’s 2017 outlook, and is sprinkled with global autos, banks, energy and information technology companies to name a few. Among them are General Motors Co. GM, +1.56% which the bank says is “one of the most compelling turnaround stories in the auto space,” and Italy’s Eni SpA E, +1.36% its top pick among Big Oil.

Alongside that list of favorites, was a separate note from a team of Citi analysts led by Chris Montagu, who say this may be one of the best periods in several years for stock picking, because of the divergent prospects between stocks and sectors springing from the U.K. Brexit referendum result and the U.S. election.

Also see: The Nasdaq just had its best start to a year in more than a decade

“The correlation structure between stock returns has collapsed over the last year to levels which we have not seen in over a decade,” according to Montagu. Correlation largely refers to the degree to which two securities or markets move in relation to each other.

Here's what Trump means for the tech industry
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The incoming Trump administration has given Silicon Valley a headache, mainly due to potential plans to penalize companies that manufacture goods in China. But not all of Trump's proposed policies may have a harmful effect on the tech sector.

“With policy and political uncertainty remaining high, we anticipate sector-specifics will begin to play a more important role going forward in explaining market returns,” he wrote.

Of course, investors should be aware that the life of a stock picker is not so easy. Since 2000, there have been just three years when most U.S. large-cap managers beat their benchmarks.

Don’t miss: As Trump trades go from terrific to torporific, here are 3 contrarian investments

Here’s the most-favored global stock list from Citi’s research team lead by Jonathan Stubbs, along with their rationale:

Company Ticker Country Sector Comment
Aisin Seiki 7259, -0.59%    Japan Automobiles Sales growth should translate more easily into profit growth in FY3/16 and out
BNP Paribas BNP, -0.56%    France Banks Leveraged to steepening yield curve and economic recovery
British American Tobacco BATS, -0.06%    U.K. Food, beverages and tobacco Best organic sales growth of European large cap staples, margin expansion
Capital One Financial COF, +1.30%    U.S. Diversified financials Attractive valuation, fading provision growth in 2017
Credit Suisse CS, +0.23% CSGN, -0.13% Switzerland Diversified financials Significant self-help potential via wealth management expansion and restructuring
DISH Network DISH, -0.65%    U.S. Media Attractive valuation, forthcoming spectrum auction likely to lead to upside
Eni ENI, +1.04% Italy Energy Top Big Oil pick: improving operational performance, leveraged to rising oil prices
Fujifilm Holdings 4901, -1.20% Japan Tech hardware Improving margins and execution. Scope for higher shareholder returns
Gazprom Russia Energy OGZD, +1.36%    Russia Energy Remains the most exposed Russian oil stock to the dividend story
General Motors GM, +1.56%    U.S. Automobiles One of the most compelling turnaround stories in autos space
Honda Motor 7267, -1.11%    Japan Automobiles Nearly 50% sales exposure to North America, benefits from Yen weakness
Monster Beverage MNST, -1.44%    U.S. Food, beverages and tobacco Long-term growth story, improving market share, solid CF generation
Panasonic 6752, -1.24%    Japan Consumer durables A high FCF yield, value stock with limited downside risk
Petrobras PZE, +3.73% …
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