The Globe and Mail reports in its Wednesday edition that Guy Cote at National Bank Financial in Montreal expects some of the investing trends of 2021 to continue this year, with investors placing an even greater emphasis on profitability and predictable growth.
In a Globe special, Terry Cain writes that Mr. Cote expects 2022 to be a stock-picker's market, in which opportunities will arise from increased volatility, shifting sector leadership and a focus on company-specific attributes.
He is focusing specifically on opportunities related to the increased adoption of technology and the further electrification of society. The companies Mr. Cote sees gaining from this structural change include Canadian firms Kinaxis and Nuvei.
Mr. Cote says electrification will play a major role in helping society address climate change. Governments and multinationals alike have committed tremendous resources to these goals and multiple companies stand as beneficiaries -- particularly power management companies, electric infrastructure providers and renewable energy producers. Mr. Cote also sees "colossal opportunities" in infrastructure and natural resources. WSP Global and First Quantum are two names that stand to benefit.
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