Raymond James’ stock picks for 2012

Investment dealer Raymond James Ltd. today announced its Canadian Equity Analysts’ Best Picks list for 2012.

The list highlights 10 individual stocks of Canadian companies that Raymond James analysts expect will produce superior results during the upcoming year. They are:

Alamos Gold, Bird Construction, Domtar, Eldorado Gold, Fortress Paper, Legacy Oil & Gas, Lumina Copper, Methanex, Secure Energy Services and Shoppers Drug Mart.

“The Raymond James Canadian research team is proud of our long-term stock picking record, with the annual best picks list delivering a simple average holding period return of 18.5% over the past 9 years, outpacing the S&P/TSX small cap index by 7.5% on the same basis,” says Daryl Swetlishoff, head of research at Raymond James Ltd. “With the pronounced market volatility amid macro-uncertainty, the results for 2011 were, however, less encouraging with a holding period return of -34.1% compared to -11.8% for the S&P/TSX Small Cap Index.”

Swetlishoff reminds investors that individual results will vary and transaction costs related to investing in these stocks will affect overall performance. “There is no assurance that the Best Picks will achieve the results expected and like any investment, investors could incur profits or losses,” he says.

“These stocks represent a current snapshot of our analysts’ best ideas; however, we continue to encourage investors to focus on risk-adjusted returns and appropriate asset allocation while investing over the long term.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.