Mead Johnson is a best-in-class way to play the emerging market consumer and growing global middle class, said Fatima Iqbal, Sr. Investment Strategist for Azzad Asset Management. Iqbal added that the strong dollar will hurt Mead Johnson’s top line, yet it will not pinch too much because of the quality of its infant formulas compared to Chinese competitors. She said Cooper is the third biggest contact lens maker and it is now getting aggressive in mass market offerings after concentrating on high margin lenses for a long time. Finally, Iqbal said Stericycle is a smart strong dollar play because it is acquiring waste disposal companies in foreign markets at cheap prices.
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