It’s a new year; and it is time to reveal our stock picks for 2011. As some of you might already know, there is a stock picks competition among Canadian bloggers. Each of us has to pick 4 stocks (American and/or Canadian stocks) in equal dollar amounts to sit for the duration of the year. No changes are allowed until the end of the year.
Here are our stock picks for 2011:
APKT – Acme Packet. It is our stock pick for cloud-computing. We believe that cloud computing is the future and Acme Packet is a strong play in this area. Their technologies enable service providers to deliver real-time multimedia sessions across IP network.
LVS – Las Vegas Sands. This company operates a couple of big casinos around the world, including Las Vegas, Macao and recently Singapore.
MELI – MercadoLibre. It is the e-bay of Latin America. We pick this stock as a play for Latin American market.
YONG – Yongye International. It is a Chinese biotechnology company that research liquid and powder nutrient compounds for plant and animal products. We pick this stock because we are bullish on agriculture sector.
You can follow live-performance of our stock picks in this link. You can see how our stock picks compared to S&P 500 and Nasdaq. We are going to include stock picks from other bloggers once they have revealed theirs.