High-quality foreign stocks are a great way to diversify your portfolio. Moreover, many fast-growing markets, like China and India, have positive outlooks. That’s because their people are generally younger than North Americans, and rising incomes are helping more of them advance into the middle class.
Even so, investing in India and other overseas markets remains riskier than investing in North America. That’s because many emerging countries have language barriers, weak investor-protection laws, less commitment to openness, fairness and so on.
U.S. stocks can provide a lower risk way of investing in India and other fast-growing markets
A simple way to add international exposure to your portfolio at lower risk is to invest in well-established U.S. stocks. We continue to advise keeping around 25% of your portfolio in U.S. stocks. That’s because many blue-chip U.S. companies have operations in fast-growing foreign countries. This lets them benefit from a recovering global economy, as well as a return to prosperity in the U.S.
Moreover, today’s low U.S. dollar lets you buy high-quality, multinational U.S. stocks at bargain prices, and diversify your portfolio.
For a rising portfolio
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Canadian Growth Stocks: CGI Group, CAE Inc., Fortis Inc. Stock and more.
McCormick: A U.S. spice maker that’s investing in India
In our June 3, 2011 Wall Street Stock Forecaster Email/Telephone Hotline, we updated our buy/sell/hold advice on a U.S. company that’s looking overseas for growth, with a focus on investing in India: spice maker McCormick & Co. (symbol MKC in New York).
The company makes spices, herbs, seasonings, specialty foods and flavours. It also markets its products to clients in the food industry.
McCormick reported higher sales and earnings in its latest quarter, mainly because strong sales in China, India and Mexico offset weak or flat sales elsewhere.
Investing in India is a key part of the company’s overseas expansion. In November 2010, it paid $36 million for 26% of Eastern Condiments Private Ltd., a leading maker of spices and seasonings in India.
As well, McCormick recently agreed to form a new joint venture with Kohinoor Foods Ltd. This new business will sell basmati rice (a naturally flavoured rice) and other foods in India. McCormick will pay $115 million for 85% of this new business when the deal closes later this year.
Costs to set up this new business will hold back McCormick’s earnings in the first year. And as we mentioned, investing in India and other foreign markets entails unique risks. McCormick expects the joint venture to start contributing to its earnings by the second year.
Get our latest advice on McCormick and other U.S. stocks FREE
As I mentioned, in the June 3, 2011 Wall Street Stock Forecaster Email/Telephone Hotline (which you can immediately view when you take a one-month free trial to Wall Street Stock Forecaster), we’ve taken a fresh look at McCormick. Our analysis is based on all the company’s fundamentals, including its current financial position and the prospects for its overseas expansion plans.
We’ve concluded our analysis with clear advice on whether you should buy, hold — or sell — the stock.
Our Hotlines are one of the many benefits you get when you subscribe to our newsletters, including Wall Street Stock Forecaster. We send out new Hotline messages to our subscribers 50 times a year (or more if circumstances warrant).
If you invest in U.S. stocks, you really should have a subscription to Wall Street Stock Forecaster. The latest issue gives you our full analysis, including clear buy/sell/hold advice, on 22 stocks that may be suitable for the part of your portfolio you devote to U.S. investments. What’s more, you can get this issue free. Click here to learn how.
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'How to Find the Best Growth Stocks'FREE Special Report from The Successful Investor.
Canadian Growth Stocks:
CGI Group, CAE Inc., Fortis Inc. Stock and more.
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
