50 Global Investment Opportunities in 2023

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Bloomberg Intelligence has identified 50 companies worth watching in 2023. See below for a summary of each, and also check out the Equity Mates company pages for investing content on each company.

These companies come from a variety of industries including communications, commodities, finance, and food. The analysts at Bloomberg took into account factors such as potential for growth, ability to handle inflation, leadership changes, and new product and service offerings when selecting these companies. They also considered how events such as the war in Ukraine and the shift towards electric vehicles may impact these companies.

For more information on each of these companies, be sure to check out the Equity Mates company pages linked below in each summary.

Adidas (ETR: ADS)

2023 may be a turning point as it brings on a new CEO (Puma’s Bjorn Gulden). Under its “Own the Game” plan, Adidas is targeting an increase in annual sales of at least 8%. Headwinds include the termination of the Yeezy partnership with Ye, the rapper formerly known as Kanye West, and uncertainty about China, but the company is working on new products, kit deals and endorsements.

Market cap: $22 billion
1-year performance: -37%
See more – Equity Mates company page: Adidas

Adnoc Distribution (UH: ADNOCDIST)

Rising visitor traffic in the UAE through the winter—aided by the World Cup in Qatar—is set to bolster fuel volumes and operating profits for this Middle Eastern service station operator.

Market cap: $15 billion
1-year performance: N/A
See more – Equity Mates company page: Adnoc

Airbus (EPA: AIR)

The airplane maker’s path looks good, with spending increases for European defense and improving supply chains that will support commercial aircraft build rates. US-China trade tensions are also helping it win orders in China over rival Boeing.

Market cap: $93 billion
1-year performance: +11%
See more – Equity Mates company page: Airbus

Airports of Thailand (BKK: AOT)

Bloomberg says despite a rebound in the airport retailers sales, it could be offset by shifts in the mix of visitors and spending patterns. Tourists from Southeast Asia tend to spend less, and purchasing power has fallen with inflation.

Market cap: $30 billion
1-year performance: +22%
See more – Equity Mates company page: Airports of Thailand

Aker BP (OTCMKTS: DETNF)

Bloomberg says the Nordic oil producer could have higher-than-expected shareholder capital returns in 2023. A regular dividend of $2.50 is probable, and a special dividend is also possible.

Market cap: $21 billion
1-year performance: -9%
See more – Equity Mates company page: Aker BP

Allison Transmission (NYSE: ALSN)

The truck transmission supplier’s profits in 2023 could disappoint, with earnings potentially to come in 10% below the consensus expectation. An increasingly competitive market for EV products also threatens Allison’s business.

Market cap: $4 billion
1-year performance: +12%
See more – Equity Mates company page: Allison Transmission

Amgen (NASDAQ: AMGN)

Bloomberg is not overly bullish on Amgen, predicting sales could come in as much as 30% below the consensus forecast over the next three years.

Market cap: $139 billion
1-year performance: +15%
See more – Equity Mates company page: Amgen

ASML (NASDAQ: ASML)

Bloomberg believes ASML could increase global sales by about 25% in 2023. It has a dominant position in leading-edge equipment used to make computer chips critical for semiconductors.

Market cap: $266 billion
1-year performance: +3%
See more – Equity Mates company page: ASML

BNP (EPA: BNP)

Bloomberg says the French bank is set to be one of Europe’s top fundamental performers in 2023. Momentum in net interest income, exposure to business banking and generally better revenue expectations set it apart from its peers.

Market cap: $67 billion
1-year performance: –2%
See more – Equity Mates company page: BNP

Brown-Forman (NYSE: BF.B)

The whiskey maker has a spirits portfolio which includes Jack Daniels and it is positioned for rapid gains as people return to bars and restaurants.

Market cap: $32 billion
1-year performance: +1%
See more – Equity Mates company page: Brown-Forman

CATL (SHE: 300750)

The world’s largest maker of batteries for electric vehicles is expected to have a strong year.

Higher battery prices, lower lithium costs and a sustainable recovery for electric-vehicle sales helps Bloomberg’s bull case.

Market cap: $128 billion
1-year performance: -20%
See more – Equity Mates company page: CATL

CF Industries (NYSE: CF)

The US-based fertilizer maker will benefit from a supply crunch for natural gas, used to produce nitrogen, which farmers can’t skip. The transition to clean energy is also heating up competition for natural gas, which in turn has the potential to keep the nitrogen market tight for years.

Market cap: $17 billion
1-year performance: +19%
See more – Equity Mates company page: CF Industries

China Gas (HKG: 0384)

Bloomberg thinks that expectations are too high for China Gas and it will face a tough year in 2023.

Market cap: $6 billion
1-year performance: –12%
See more – Equity Mates company page: China Gas

Chubb (NYSE: CB)

Bloomberg says insurer Chubb’s business isn’t particularly sensitive to rising prices (businesses must have insurance). It also has a large exposure to Latin America and Asia which helps diversify its risks.

Market cap: $95 billion
1-year performance: +18%
See more – Equity Mates company page: Chubb

Cognizant (NASDAQ: CTSH)

Bloomberg says the IT services company isn’t as well positioned as its peers to benefit from the structural growth opportunities from digital services, and it suffers from the sector’s worst attrition rate.

Market cap: $33 billion
1-year performance: -22%
See more – Equity Mates company page: Cognizant

Computershare (ASX: CPU)

An Australian company that provides share registries for the investment industry. Bloomberg believes it will benefit from rising interest rates. The company’s profits rely on income generated by client balances, which are mainly denominated in US dollars, British pounds, Canadian dollars and Australian dollars. The yield on that income will increase with rising rates.

Market cap: $12 billion
1-year performance: +25%
See more – Equity Mates company page: Computershare

Constellation Brands (NYSE: STZ)

Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. It may look to pursue mergers and acquisitions in 2023 to accelerate growth according to Bloomberg.

Market cap: $42 billion
1-year performance: -4%
See more – Equity Mates company page: Constellation Brands

Cooper Companies (NYSE: COO)

Increased growth in the contact lens market and higher rates of myopia (nearsightedness) could bring attention to the eye-care company this year. Bloomberg believes its new myopia-slowing products for kids may help boost sales in 2023.

Market cap: $17 billion
1-year performance: -12%
See more – Equity Mates company page: Cooper

CR Beer (HKG: 0291)

The Chinese brewer and owner of Snow, the world’s best-selling beer brand, looks set to take a hit. Bloomberg expects negative impacts from elevated costs for materials such as malting barley and packaging, as well as higher spending on marketing for premium products and costs tied to a recent liquor acquisition.

Market cap: $20 billion
1-year performance: +2%
See more – Equity Mates company page: CR Beer

CrowdStrike (NASDAQ: CRWD)

CrowdStrike’s cybersecurity software is positioned to take increased market share as the demand for its services increases. Bloomberg believes it will make more sales via channel partners such as Amazon Web Services and the growing risk of cyberattacks.

Market cap: $25 billion
1-year performance: -36%
See more – Equity Mates company page: CrowdStrike

Disney (NYSE: DIS)

The concerns around Disney are increasing competition and theme park recession risks. Bloomberg says these may linger into the early months of 2023. But a reorganisation that allows the company to accelerate its streaming strategy as it positions itself for a digital future could start to bear fruit in the second half. Robert Iger’s return as CEO adds further opportunity for a meaningful turnaround.

Market cap: $193 billion
1-year performance: -23%
See more – Equity Mates company page: Disney

EBay (NASDAQ: EBAY)

Recent initiatives to build back share at the online retailer through authenticity guarantees and certification of purchase could help revenue grow well above expectations. The integration of payments and addition of paid promoted listings are also boosting the percentage of sales that EBay keeps, known as its take rate. A new focus on advertising and on the sale of refurbished items are other positive moves

Market cap: $26 billion
1-year performance: -20%
See more – Equity Mates company page: EBay

Emerson Electric (NYSE: EMR)

The electrical equipment provider is tied to the energy sector, where high prices could drive strong earnings. A record order backlog for its industrial automation equipment also puts it in a good place for 2023, and a plan to cut costs could reap $650 million of savings over the next few years according to Bloomberg.

Market cap: $53 billion
1-year performance: -4%
See more – Equity Mates company page: Emerson Electric

Givuadan (SWX: GIVN)

Givaudan is a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients. Bloomberg says 2023 could be challenging as weaker consumer demand and rising costs cause its key customers to tighten their belts.

Market cap: $30 billion
1-year performance: -27%
See more – Equity Mates company page: Givuadan

Glencore (LON: GLEN)

One of the world’s biggest mining companies, Glencore’s valuation is the most depressed relative to long-term averages among its peers. Glencore is the only major mining company with meaningful exposure to coal as climate concerns have cut investment in new mines. With prices surging as European utilities switch to coal amid gas shortages triggered by the war in Ukraine, the fuel makes up more than 60% of the company’s operating profit.

Market cap: $80 billion
1-year performance: +50%
See more – Equity Mates company page: Glencore

Henderson Land (HKG: 0012)

Bloomberg says this Hong Kong property developer could suffer a double whammy this year from falling home sales in the region and higher financing costs.

Market cap: $14 billion
1-year performance: -15%
See more – Equity Mates company page: Henderson

KE Holdings (HKG: 2423)

Bloomberg sees a risky year ahead for China’s largest property agent. China’s property market is hanging by a thread and buyers’ deferrals threaten to limit growth in home purchases, which could mean a big fall in revenue.

Market cap: $17 billion
1-year performance: +66%
See more – Equity Mates company page: KE Holdings

Lilly (NYSE: LLY)

Another drugmaker looking at a big year: Bloomberg expects strong sales for its new diabetes medication, and the drug’s approval for treating obesity might add to the company’s growth. New drugs for cancer, psoriasis and ulcerative colitis should also boost sales.

Market cap: $325 billion
1-year performance: +42%
See more – Equity Mates company page: Lilly

Luxshare Precision (SHE: 002475)

Luxshare is an electronics manufacturer that supplies Apple with products for its iPhones. Bloomberg believes Luxshare could grab up to 25% of iPhone assembly orders by 2025, versus about 6% currently. Luxshare’s leadership in the AirPods supply chain could also increase with GoerTek, a key competitor, losing a contract last year.

Market cap: $32 billion
1-year performance: -37%
See more – Equity Mates company page: Luxshare

LVMH (EPA: MC)

The luxury-goods conglomerate looks set for a big year, with China loosening Covid-19 restrictions and the global recovery of travel and tourism gaining pace. Bloomberg sees revenue increasing 20%, with the biggest contributions coming from wines and spirits, perfume and cosmetics, and retail.

Market cap: $357 billion
1-year performance: +19%
See more – Equity Mates company page: LVMH

MediaTek (TPE: 2454)

Bloomberg sees strong growth this year for the chipmaker as it expands into the premium smartphone processor segment. The releases are timed for faster penetration of 5G in key emerging markets such as India this year.

Market cap: $36 billion
1-year performance: -36%
See more – Equity Mates company page: MediaTek

Medtronic (NYSE: MDT)

The company is launching a new treatment for high blood pressure which could reinvigorate growth. The procedure removes nerves from the renal artery to treat high blood pressure in lieu of ongoing medication. The market for this type of hypertension treatment could be worth $1 billion by 2026—almost double management’s expectations—and more than $3 billion by 2030.

Market cap: $110 billion
1-year performance: -21%
See more – Equity Mates company page: Medtronic

Meta (NASDAQ: META)

Bloomberg expects Facebook’s parent to have another tough year in 2023. Meta is confronting a sharp fall in growth at its core advertising business and higher operational costs tied to its Reality Labs segment, which is developing AR/VR hardware and software. It is also trying to push Reels to compete with TikTok but this may prove costly.

Market cap: $376 billion
1-year performance: -54%
See more – Equity Mates company page: Meta

Microsoft (NASDAQ: MSFT)

A recovery in spending on cloud computing after a slowdown could see surprises to the upside for Microsoft, with the second half of 2023 poised to be a positive inflection point. Also reportedly looking to invest $10 billion in OpenAI’s chatbot ChatGPT.

Market cap: $1.8 trillion
1-year performance: -18%
See more – Equity Mates company page: Microsoft

Netflix (NASDAQ: NFLX)

Netflix’s ad-supported model arrives this year, and Bloomberg believes this will contribute $1 billion in additional revenue and potential sales growth of 11%. Advertising should support a higher average revenue per user, offsetting any cannibalization of subscription revenue from customers downgrading to cheaper plans.

Market cap: $159 billion
1-year performance: -7%
See more – Equity Mates company page: Netflix

Novo Nordisk (CPH: NOVO-B)

Novo Nordisk is a Danish multinational that produces diabetes and obesity drugs. Bloomberg says the company should see supply chain issues resolved along with a sales increase in 2023.

Market cap: $259 billion
1-year performance: +59%
See more – Equity Mates company page: Novo Nordisk

Orange (EPA: ORA)

A French telco that Bloomberg believes will deliver positive dividend surprises in 2023. A special dividend is also part of the story, given a pending deal with Orange’s Spanish unit and a possible sale of its money-losing bank business

Market cap: $27 billion
1-year performance: -4%
See more – Equity Mates company page: Orange

Penske (NYSE: PAG)

An auto retailer that will benefit from supply disruptions being reduced this year. Bloomberg says it has a lucrative service unit that shifts between new and used cars. Predicts better earnings than consensus estimates in 2023.

Market cap: $8.4 billion
1-year performance: +15%
See more – Equity Mates company page: Penske

Porsche (ETR: PAH3)

Not much introduction needed here. Porsche is one of the most renowned car makers in the world, but only became publicly listed last year. Bloomberg expects success for Porsche as it accelerates a shift to electric vehicles, which could make up 45% of its total sales by 2025. In the meantime, all models have strong order backlogs worldwide, helping shield Porsche from recession risks.

Market cap: $100 billion
1-year performance: -32%
See more – Equity Mates company page: Porsche

Prudential (NYSE: PRU)

After jettisoning its US operations in 2021 and losing its CEO and CFO last year, the Asia-focused life insurer is poised for a rebound. A new CEO starts in February, and Beijing’s relaxation of its Covid Zero policy could accelerate Prudential’s large Hong Kong-based China business. BI believes consensus earnings estimates may rise through the year.

Market cap: $31 billion
1-year performance: -10%
See more – Equity Mates company page: Prudential

Repsol (SM: REP)

Bloomberg believes the Spanish energy major has an advantage over competitors with its strength in refining and natural gas. Commodity prices are expected to remain relatively high which will help Repsol through 2023.

Market cap: $21 billion
1-year performance: +48%
See more – Equity Mates company page: Repsol

Shaftesbury Capital (LN: SHB)

This is a UK-based company that owns a considerable amount of retail property in London’s West End. We all know property prices are falling – and some experts are predicting the value of Shaftesbury’s portfolio to drop by 40%.

That doesn’t sound too promising – BUT – Bloomberg only sees a 20% drop and this could be a pleasant surprise to the upside for the stock. A weak British pound is also boosting tourism in London and increased traffic means more revenue from Shaftesbury’s retail property.

Market cap: $2 billion
1-year performance: -42%
See more – Equity Mates company page: Shaftesbury Capital

Singapore Airlines (SP: SIA)

One of the most respected carriers in the world, Singapore airlines is currently operating at about 75% of its pre-pandemic levels.

But that number is slowly moving up. Increasing passenger capacity, continued strong demand for travel and lower fuel costs should lead to higher earnings in 2023.

Market cap: $13 billion
1-year performance: +16%
See more – Equity Mates company page: Singapore Airlines

Sonos (NASDAQ: SONO)

Sonos, the smart-speaker maker is a fascinating one to watch in 2023. It is about to face off against Google in a patent case surrounding its speakers, but Bloomberg expects Sonos to succeed in the trial.

If Sonos wins a payout from Google, this might lead to a big boost in earnings – potentially 20% above what analysts expect for the year. That might lead to some healthy share price movement.

Sonos has a market cap of $2.3 billion and its share price is down 30% in the past year.

Market cap: $2.3 billion
1-year performance: -30%
See more – Equity Mates company page: Sonos

SSAB (STO: SSAB-A)

The Swedish steel manufacturer is a leader in decarbonisation efforts in the industry and this could attract government support.

Bloomberg says it is an economically defensive stock because it can protect itself from downturns thanks to a streamlining of its European business and strong margins on its steel.

Market cap: $6.5 billion
1-year performance: +16%
See more – Equity Mates company page: SSAB

@equitymates Weakening demand may showcase this European steelmaker’s economically defensive qualities. #steel #finance #investing #stocks #business ♬ original sound – EquityMates

Suncorp (ASX: SUN)

One of two Australian companies on the list – an insurer that Bloomberg expects to pay out a big dividend to shareholders in June.
Suncorp sold its banking unit to ANZ last year which has given it a lot of cash and Bloomberg believes there could be up to $6 billion dollars of dividends distributed, which equates to about 40% of its current market cap of $15 billion dollars.

Market cap: $15 billion
1-year performance: +5%
See more – Equity Mates company page: Suncorp

@equitymates The Australian insurer is positioned to pay out significant dividends to shareholders through June 2023. #suncorp #business #investing #stocks #finance ♬ original sound – EquityMates

Taiwan Semiconductor Mfg. Co. (TPE: 2330)

Taiwan Semiconductor is the world’s largest semiconductor producer with a dominant position as the best in the business.

The semiconductor market is facing a bit of a cyclical downturn but TSMC is better positioned to weather this than its competitors. It has a new generation of technology coming through that should support its pricing power and give it a strong recovery as demand returns hopefully before the end of 2023.

Market cap: $432 billion
1-year performance: -23%
See more – Equity Mates company page: Taiwan Semiconductor

@equitymates The world’s largest semiconductor foundry is positioned to weather a cyclical market downturn better than its peers. #investing #finance #stocks #business #tsmc ♬ original sound – EquityMates

Universal Display (NASDAQ: OLED)

A NASDAQ-listed lighting company which is working to produce organic light-emitting diode (OLED) TVs and smartphones.

Bloomberg expects an update from Samsung on its smartphone display integration plans in May and that could catapult Universal Display’s revenue and earnings.

Market cap: $6 billion
1-year performance: -15%
See more – Equity Mates company page: Universal Display

@equitymates Commercialization of the lighting company’s innovative blue-emitter technology for smartphones and OLED TVs could accelerate in 2023 with new adoptions. #investing #finance #stocks #business #oled ♬ original sound – EquityMates

Vestas Wind Systems (VWS: DC)

Danish company Vestas designs, builds, instals, and services wind turbines in 88 countries across the globe.
Bloomberg expects 7% average annual growth in deliveries up to at least 2025. That is helped by the high prices of carbon-based fuels due to the war in Ukraine, meaning countries are increasingly looking to renewables. Global environmental policies also help the case for Vestas and lower steel prices mean its manufacturing costs are coming down.

Market cap: $31 billion
1-year performance: +15%
See more – Equity Mates company page: Vestas

@equitymates The supplier of wind turbines should see 7% average annual growth in gigawatts of capacity delivered out to 2025. #finance #business #stocks #investing ♬ original sound – EquityMates

Vinci (DG: FP)

A world leader in concessions, energy and construction, with over 260,000 employees around the world. Vinci receives income from London’s Gatwick airport and several European toll roads and Bloomberg expects this to help drive profit well above what the market thinks.

Bloomberg says Vinci will be resilient through any recession as well.

Market cap: $65 billion
1-year performance: +6%
See more – Equity Mates company page: Vinci

@equitymates The ambitious scale of Europe’s infrastructure investment promises peer-beating growth and recession resilience for Vinci. #business #stocks #investing #finance ♬ original sound – EquityMates

Click here to check out the original article from Bloomberg https://www.bloomberg.com/features/companies-to-watch-2023/