The RBC Capital Markets research team released an updated top 30 global stock ideas list. Changes include Associated British Food replacing Inditex, Illumina in for CSL Ltd., Abermarle added in favour of DuPont. The picks have been performing well,
“In Q2/23,the Top 30 list delivered a total return of +8.3% (USD terms), above the MSCI World Index at +6.8%, with Top 30 performance led by Meta Platforms (META US) at +35.4%, Palo Alto Networks(PANW US) at +27.9% and Ferrari (RACE IM) at +21.5%. Year-to-date, the list has delivered a total return of +21.1%, above the benchmark at +15.1%, and since inception of our quarterly list at YE2019, the Top 30 has delivered a total return of +49.2%, above the benchmark at +33.0%”
Stocks in the portfolio not mentioned above are Alimentation Couche-Tard, Alnylam Pharmaceuticals Inc., American International Group, Anheuser Busch Inbev, Boston Scientific Corp., Canadian Natural Resources, Canadian Pacific Kansas City Ltd., Constellation Software, CrowdStrike Holdings Inc., Diamondback Energy Inc., Element Fleet Management Corp., Ferrari NV, HEICO Corp., London Stock Exchange Group, Lonza Group AG, M&T Bank Corp., Mastercard Inc., PG&E Corp., Restaurant Brands International, S&P Global Inc., Siemens Aktiengesellschaft, Telus Corp., Veeva Systems Inc., Ventas Inc. and Wesco International.