Goldman Sachs Global Investment Research recommends looking at these ASX-listed stocks as the US and European economies improve and the Australian dollar weakens:
They all have significant business offshore.
21st Century Fox, entertainment (FOX)
Macquarie Group, financial services (MQG)
Brambles, logistics and transport (BXB)
Amcor, global leader in packaging solutions (AMC)
Henderson, UK-based asset management (HGG)
Cardno, civil engineering consultancy (CDD)
The stocks are named in the Goldman Sachs report, 2014 Outlook: Australia, The Odd One Out.
Goldman Sachs also likes high-quality resource names such as BHP and Santos.
And it says Gaming group Crown Resorts stands out as “attractively priced” with the re-balancing of the Chinese economy from a reliance on investment to more of a focus on consumption.
While Crown Resorts currently trades on 18.5 times Price/Earnings, about 15 per cent above its five-year average, Goldman Sachs believes the stock is attractive given its superior long-term growth trajectory.
This chart shows the expected growth upside from companies with an offshore exposure compared to pure domestic Australian plays.