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Merrill Lynch & Co. recommended Caterpillar Inc. (CAT), Coca-Cola Co. (KO), McDonald's Corp. (MCD) and 24 other U.S. stocks and U.S.-traded shares of companies based elsewhere in the world that may show strength in the face of a global economic slowdown.
``The world economy can no longer rely on the U.S. consumer as a buyer of last resort,'' Richard Bernstein, New York-based chief investment strategist, wrote in a note. ``The good news is that there are strong sources of growth outside the U.S. that should prove resilient to a U.S. cyclical slowdown.''
Global economic growth will slow to 4.4 percent next year from an estimated 5.2 percent in 2006, while U.S. growth drops to 1.9 percent from 3.4 percent, according to Merrill.
Company Ticker Country Caterpillar CAT US U.S. Fluor FLR US U.S. United Technologies UTX US U.S. Autodesk ADSK US U.S. Molex MOLX US U.S. Altria Group MO US U.S. Coca-Cola KO US U.S. McDonald's MCD US U.S. Aflac AFL US U.S. NII NIHD US U.S. Mitsubishi UFJ Financial Group MTU US Japan Orix IX US Japan Allied Irish Banks AIB US Ireland GlaxoSmithKline GSK US U.K. Barclays BCS US U.K. Hellenic Telecommunications OTE US Greece Fresenius Medical Care FMS US Germany UniCredito Italiano UNCFF US Italy LVMH LVMHF US France Femsa FMX US Mexico TAM TAM US Brazil Wal-Mart de Mexico WMMVY US Mexico China Life Insurance LFC US China Indosat IIT US Indonesia Tata Motors TTM US India VimpelCom VIP US Russia China Mobile CHL US Hong Kong
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