Ian Ainsworth is senior vice-president, investments, at Mackenzie Financial Corp. His focus is on growth and technology stocks.
Goldcorp has a leading growth profile among senior gold producers. It has a strong balance sheet, relatively attractive valuation, and is making changes to improve returns.
Hang Lung Properties Ltd.
This Hong-Kong based shopping centre developer and operator has rapidly expanding mainland China operations and a strong balance sheet.
Google is the dominant Internet search service with expanding franchises in mobile and video. Its 30-per-cent earnings growth makes a price-earnings ratio of 17 look inexpensive.
Past picks: Feb. 1, 2012
F5 Networks Inc.
Total return: –13.71 per cent
Total return: +2.18 per cent
Total return: –9.07 per cent
Total return average: –6.87 per cent
We like the equity market, especially outside Canada. Sovereign debt and other macro issues are easing, growth seems to be building momentum globally, money is beginning to flow out of bonds, and equities have some good returns to talk about. Canada will lag as the dollar is already near its highs, the commodity cycle has had its decade and we are seeing investment shift to health care, technology, capital spending and consumption.