With musings on the Fed taper murdering bonds and confusing stocks, investors have been parsing the markets for signs of life.
Markets have been crazy volatile as of late, with scary swings in the Dow.
But that doesn't mean that there aren't a few attractive bets out there.
Morgan Stanley recently published its list of Best Ideas from around the world, and the list included seven stocks from North America.
Calpine
Ticker:CPN
Price Target:$29.50
P/E ratio:33.2
EPS CAGR:136.8%
Industry:Energy
Calpine began the month at $19.50, rallied, consolidated, and now is headed on the upside. Because Calpine has high growth and a lower percentage of returns from divident yields, Morgan Stanley believes it will outperform.
Source: Morgan Stanley
Canadian Pacific Railways
Ticker:CP
Price Target:$140.00
P/E ratio:19.4
EPS CAGR:40.1%
Industry:Transportation
Morgan Stanley believes Canadian Pacific will grow as it delivers crude oil to refineries in new production regions far from pipelines.
Source: Morgan Stanley
CBS Corporation
Ticker:CBS
Price Target:$51.00
P/E ratio:15.2
EPS CAGR:14.8%
Industry:Media
As America's number 1-ranked network, CBS' stock has enjoyed a major recovery since 2009 lows. And ordered by market capitalization, CBS recently overtook the #130 spot from Yahoo! in the S&P 500.
Source: Morgan Stanley
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