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Topic: Growth Stocks

LINAMAR CORP. $43

LINAMAR CORP. $43 (www.linamar.com) is down 43% since the start of 2016. That’s partly due to the U.K. vote to leave the European Union. Linamar gets 23% of its revenue from Europe, and the vote increases its currency risk. As well, automakers are shifting away from gasoline-powered cars to electric vehicles. In response, the company is now developing new parts for electric cars. The stock trades at just 5.7 times the $7.59 a share that Linamar will likely earn in 2016. Buy.

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