It's easy to argue about the stock market and whether or not you think it's going higher. What's hard is to make a case that it should, especially if you feel that, at best, only one of three economic engines is poised to offer any growth right now.
That's the thesis that Patrick Cunningham, CEO of Manning & Napier Advisors, is banking on right now, and this is why he prefers what he calls "away game winners," or companies that can navigate the nuances of foreign markets.
One such name is Qualcomm (QCOM), a tech heavyweight that does 95% of its sales overseas and enjoys better than trend growth from emerging markets. Cunningham strikes a similar chord for Unilever (UN / UL) and argues that Nestle (NSRGY) is a buy here because raw material costs have gone up so much.
That's right -- Cunningham says that, contrary to consensus, he thinks ingredient costs are closer to a top than a bottom here, and therefore will get easier.
And with $35b in assets in 11 different funds (nine of which are 4 or 5 star rated by Morningstar), he is worth a listen.
We want to hear from you, so send us your questions and comments at firstname.lastname@example.org.