Maybe the latest pullback for stocks has taken you out of the mood to go stock shopping, but here’s something for when you have recovered.

Citigroup came out with a list of what it called 50 global winning stocks on Thursday. There are some well-known names on there, such as eBay, Google, Microsoft, SAP, MasterCard.

But wait, no Apple AAPL -0.95% . That’s right, the iPhone giant was no not anywhere on the list of “World Champions.” Nor was there any explanatory section about “here is what we’re not buying and why.”

An email to the analysts requesting explanation has yet to receive a response. But hey, should we be so surprised when Goldman is telling us hedge funds are now in love with AIG AIG -1.38% ?

Anyway, here’s Citi’s criteria for its top 50: Companies with international businesses that lead in their respective sectors, who can display clear signs of pricing power, which have strong balance sheets, well managed and with meaningful revenue exposed to faster-growing emerging economies.

These criteria, they say, have served investors well during prior tough economic decades (they say “lost decades” to be specific) around the world.

They also looked for a market cap of at least $3 billion, a global reach as measured by significant revenue outside their respective home market. Then they went through historical returns, focusing on revenue growth, earnings, returns, and free cash flow.

Citi says investors need to be prepared for ongoing macro overhangs and debt reduction that will continue to drag on developed economies like Europe’s (proof was in the PMI pudding on Thursday. Yikes). And with the investable global stock market still 87% weighted towards developed markets (according to MSCI) they tend to end up with companies that are likely to be found in sluggish economies.

So here is Citi’s nifty 50 list to even out that portfolio: (Note about 20% of the names are currently rated neutral, mostly on valuation concerns, while three are rated sell for company-specific issues.)

1. Aberdeen Asset Management  UK:ADN -3.76% neutral on valuation
2. AB-InBev BE:ABI -0.77%   BUD -1.02%
3. Accenture ACN -1.95%
4. Affiliated Managers Group  AMG -1.77% neutral on valuation
5. Amazon.com  AMZN -1.04%
6. American Tower AMT -0.30% neutral on valuation
7. Amphenol APH -0.55%
8. ARM Holdings ARMH -2.61% UK:ARM -3.36%
9. Atlas Copco  SE:ATCOA -1.71% sell rated on mining capex risks, stock priced for perfection
10. Blackstone Group BX -1.79%
11. British American Tobacco  UK:BATS -1.01%
12. Celgene  CELG -1.65%
13. Cerner  CERN -1.70%
14. CheckPoint Software Technologies  CHKP -1.26%
15. Coach COH -.00% neutral
16. Computershare  AU:CPU -0.60% neutral on valuation
17. CSL AU:CSL -0.54% sell, expensive valuation
18. Cummins Inc.  CMI -2.63%
19. Ebay EBAY -2.92% neutral on valuation
20. Edenred  FR:EDEN -0.60%
21. Estee Lauder  EL -1.76% neutral on valuation
22. Fanuc  JP:6954 -2.20% neutral given cyclical downturn in machine tool orders
23. FMC Technologies  FTI -1.73%
24. Fossil  FOSL -2.82%
25. Gilead Sciences  GILD -1.40%
26. Google  GOOG +0.05%
27. Harley-Davidson  HOG -1.31%
28. Inditex  ES:ITX -0.91%
29. Intertek  UK:ITRK -1.31%
30. Keppel Corp.  SG:BN4 -0.43%
31. Las Vegas Sands  LVS -3.07%
32. MasterCard  MA +1.04%
33. Microsoft  MSFT -1.47%
34. Monsanto  MON -0.30%
35. MTN Group MTNOY
36. Nissan Motor  JP:7201 +0.21%
37. Novo Nordisk  NVO -0.93%   DK:NOVOB -0.61%
38. Oracle  ORCL -2.35%
39. Pernod-Ricard  FR:RI -1.08%
40. Philip Morris  PM +1.36% neutral on valuation
41. Polaris Industries  PII -0.91%
42. Qualcomm  QCOM -1.36%
43. ResMed  AU:RMD -0.95%
44. SAP  SAP -2.15% DE:SAP -1.81%  neutral on valuation, deceleration in momentum
45. Seadrill  SDRL -2.70%   NO:SDRLN -0.53%
46. Soc Quimic y min  SQM -1.85%
47. Tata Consultancy  (IN: 532540) neutral on valuations, high investor expectations
48. Uralkali UK:URKA -1.46%
49. Visa  V +1.29%
50. VMware  VMW -0.58% sell rated on growth transition to new markets

– Barb Kollmeyer

Source: MarketWatch.com