RBC says its list of 30 favorite global stocks has steadily outperformed over the past 3 years.RBC expects a return of almost 25% for Meta Platforms, which plunged 60% in 2022.A lot of leading firms predicted mid-single digit gains for US indexesThis year it doesn't seem that excess positivity is going to be a problem.
The group is made up of Global Head of Research Graeme Pearson, Head of US Research Mark Odendahl, Head of Canadian & APAC Research André‐Philippe Hardy, and Head of European Research & Global Head of Research Product Management Michael Hall. They say that energy, financials, healthcare, technology and utilities should do best among US stocks.
One interesting result of that update is that RBC now considers Meta Platforms a top idea. After a 60% sell-off in 2022, RBC says there's reason to hope for a reset and some more optimism. In a rough year, RBC says its list of"Buy" rated stocks dipped 12.3%. Painful as that is, its benchmark, the MSCI World Net Total Return Index, suffered an even bigger loss of 18.4%.