Barron’s has listed its best stocks to buy for 2014 — and topping the list are General Motors (GM) GM stock and Intel Corporation (INTC) Intel stock.
GM stock and INTC stock are both up year to date — with INTC stock up 18% year to date, and GM stock up nearly 40% year to date as of early Friday trading.
Here is the list of Barron’s best stocks to buy for 2014 (in alphabetical order, with bets on the stock explained via Barron’s):
Barrick Gold (ABX): Want a depressed play on a depressed commodity? With a year-to-date decline of 56%, to $15.50, Barrick trades below where it did a decade ago when gold was below $400 an ounce, versus $1,228 now.
Canadian Natural Resources (CNQ): This company has one of the best production outlooks among large North American energy outfits and could gush free cash flow after it completes an expansion of its oil-sands facility, scheduled for 2017.
Citigroup (C): Well capitalized, Citi has the best international franchise among major banks. It also has a cheap stock.
Deere (DE): It’s rare to find any industrial stock changing hands at 10 times earnings, let alone an industry leader like Deere, whose shares fetch about $84.
General Motors (GM): A profitable GM has revamped its vehicle lineup and looks poised to start paying a dividend in 2014 and buy back a large amount of stock.
Intel (INTL): The chip giant could surprise Wall Street in 2014 as concerns fade about its exposure to personal computers and limited inroads into tablets and smartphones.
MetLife (MET): Even after a 55% gain in its shares this year, to $51, MetLife is valued at less than 10 times projected 2014 profits of $5.76 a share and at a slight premium to a conservative calculation of book value of $48 a share.
Nestlé (NESN): The world’s largest food outfit has one of its industry’s best growth outlooks, thanks to a big presence in the developing world.
Simon Property Group (SPG): Despite the growth in online retailing, Americans still like shopping at malls.
US Airways Group (LCC): This airline may be the latest beneficiary of industry consolidation, now that the government has cleared its controversial merger with American Airlines.
For more details about Barron’s best stocks to buy for 2014 list, click here.