Hey Yukon another mention in the Post from last week. SMF

Post says analysts name top picks for 2014

2014-01-17 08:03 ET - In the News

The Financial Post reports in its Friday edition CIBC World Markets analysts are bullish on Canada in 2014 following a so-so 2013. The Post's John Shmuel, writing in Trading Desk, says Quentin Broad, head of equity research at CIBC World Markets, has released a list of Canadian companies the bank's analysts think will outperform for the year. "The valuation discount relative to the U.S. market, when combined with the leverage to the global growth story, should afford Canadian equities the opportunity to make up some lost ground in 2014," said Mr. Broad. He notes Canadian equities are trading at a price-to-earnings premium of 8 per cent compared with their historical average, and below the 17-per-cent premium for the S&P 500. That follows a year in which the Toronto Stock Exchange had an annual return of roughly 8 per cent, far behind the S&P 500's 28-per-cent return. Mr. Broad also notes that Canadian currency depreciation could be a risk for investors again in 2014, but that a combination of global growth and a lot of catch-up room will tilt in favour of Canadian stocks. CIBC's top stock picks for 2014 include Onex, Agnico-Eagle Mines, Peyto Exploration, Air Canada, Avigilon and B2Gold.