"In my view, real GDP growth in the U.S.A. is set to slow from around 3% in 2010 to 2% in 2011, or possibly even lower. This is not a double-dip but it is a slower growth profile. We went to 3% in 2010 from -2.6% in 2009 so the second derivative was positive. But for the coming year, the second derivative is likely going to decline. This augurs for a non-cyclical exposure; more defensive and still yield-oriented. As the Bank of Canada strongly suggested, global growth is going to slow and hence a sense of caution over global multinational cyclicals is warranted."- David Rosenberg, Gluskin Sheff
Related Stocks: General Electric (GE), Procter & Gamble (PG), Microsoft (MSFT), Apple (AAPL), John Deere (DE), Nike (NKE)
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