The Globe and Mail attempts to identify institutional-investor approved, financially stable, large- and mid-cap stocks trending upward in its Wednesday, May 20, edition. The Globe's guest columnist Mansoor Elahi writes in the Number Cruncher column that over the past three months, we have seen the investing world move money into safer, low-volatility assets. In the past month alone, North American money market funds saw an inflow of close to $390-billion (U.S.), whereas their equity counterparts saw an outflow of $24-billion (U.S.). Seeing this shift in investment dollars, Mr. Elahi searched for safe equity bets in the current market environment that exhibit both strong fundamental and technical characteristics.
He started by looking at companies headquartered in North America with a market capitalization more than $1-billion (U.S.). Mr. Elahi compared the buying profile of more than 55,000 institutional investors and mutual funds with the fundamental factors of each stock globally. The closer the alignment between the fund's profile and the stock, the higher the ranking. Mr. Elahi's recommended picks are Real Matter, Wesdome Gold Mines, Alacer Gold, Kirkland Lake Gold and Semafo.
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