Recent Top Picks | StockChase
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Compiling comments that experts make about stocks while on public TV.

Recent Top Picks

Date Signal Company Expert Opinion Price
2017-02-24 TOP PICK Bank-of-Montreal
BMO-T
Bill Shaw

This bank has been making some very strategic moves in terms of getting costs down. In terms of their US exposure, Harris is doing a lot better. They continue to make tuck in acquisitions. Increasing rates will be good for net interest margins. Dividend yield of 3.5%, and has had an excellent track record of dividend growth over the past decade. (Analysts’ price target is $101.20.)

Price:
$99.980
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 TOP PICK Chesswood-Group
CHW-T
Andrey Omelchak

A small-ticket equipment leasing business, and they also provide lending solutions. Mostly operates in the US. The small business confidence in the US is at an all-time high, and as a result, they have seen a very strong pipeline. Has a good organic growth profile. A very solid and capable management team that understands the credit cycles. Thinks this is a prime take-out candidate because it would be hugely liquid for a financial services institution. Dividend yield of 6.8% is sustainable and there is room for further dividend increases.

Price:
$12.310
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 TOP PICK Corus-Entertainment--B-
CJR.B-T
Bill Shaw

They have to get some good synergies of their Shaw acquisition, and in terms of subscriber, they have to keep it up. In 2018, the CanWest payment of $5 million a year disappears. The payout ratio is starting to come back down. Dividend yield of 8.94%, which he thinks is secure, but he wouldn’t mind if they cut it to conserve cash and reinvest it in the business. (Analysts’ price target is $13.23.)

Price:
$12.750
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 TOP PICK Manulife-Financial
MFC-T
Bill Shaw

Life insurance companies are a classic way to play rising interest rates. This one is well-managed, and he particularly likes the fact that they have got the strong Asian market. He has a price target of $27 over the next year. Reasonable dividend yield of 3.41%. (Analysts’ price target is $27.67.)

Price:
$23.850
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 TOP PICK Pacific-Insight-Electronics
PIH-T
Andrey Omelchak

This provides interior lighting solutions for vehicles. People want these things in their vehicles, so the demand for this type of product has really increased nicely over the last several years. They have seen a very strong pipeline for their product. A very profitable company. Just started working with Tesla a couple of quarters ago and are now working on their model 3. They are best in class in terms of the product they provide. A prime take-out candidate, as they keep continuing delivering and given the levels they are trading at.

Price:
$9.510
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 TOP PICK Exco-Technologies
XTC-T
Andrey Omelchak

A well-run company and the ROE is high. They have been expanding margin profile. Normal course issue is going to support the stock price and they are going to see positive allocation of capital. Dividend yield of 2.84%. (Analysts’ price target is $14.08.)

Price:
$11.250
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Yes
2017-02-23 TOP PICK Horizons-S-and-P-TSX-Capped-Energy-Index
HXE-T
Brooke Thackray

It is a call on oil.  People are saying Canadian oil stocks just pulled back because of potential border taxes, but US oil stocks did the same thing.  We are starting to break out right at the beginning of their seasonal period.  Feb. 25 until May 9, oil stocks tend to do well.  Technically and seasonally it is the right time to step into oil stocks.

Price:
$21.000
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2017-02-23 TOP PICK Magna-Int-l.--A-
MG-T
Brooke Thackray

It is a classic play on the economy.  Consumers keep buying cars.  Feb. 24 to Apr. 24 is the period of seasonal strength.  We are seeing a break out taking place.  Technically and seasonally it looks good.  (Analysts’ target; $65.37).

Price:
$59.200
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2017-02-23 TOP PICK Sphere-FTSE-Emerging-Sustainable-Yield-ETF
SHZ-T
John DeGoey

A product that was only launched a few months ago. This is a good way to screen for de facto values. As a complement to VEE-T, VEE is diversified emerging markets, and this has more of a value screen.

Price:
$10.410
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-02-23 TOP PICK Vanguard-Global-Value-Factor-ETF
VVL-T
John DeGoey

This product has done remarkably well since it was launched. It is less than a year old and is up an incredible amount. People really need to think globally and to invest in value stocks in small company stocks. A great way to get global stocks and with a value bent.

Price:
$31.460
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-02-23 TOP PICK iShares-S-and-P-TSX-Global-Gold
XGD-T
John DeGoey

His rationale for gold is that people need to always think, from a portfolio perspective. So that instead of cherry picking on how well a security would do, build an entire portfolio and consider how everything would work together. Having something like gold in your portfolio is a good way to improve risk adjusted returns. A great thing to have in your portfolio, with a small sliver, 3%-5% as a long-term Hold.

Price:
$13.680
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-02-23 TOP PICK SPDR-Materials-ETF
XLB-N
Brooke Thackray

This is chemicals in the US.  We are seeing slow growth with a bump up from Trump.  It is positive on a fundamental basis, technically it looks good and it is strong from a seasonal point of view.

Price:
$52.320
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2017-02-22 TOP PICK Anthem-Inc
ANTM-N
Paul Macdonald

The dominant licensee of Blue Cross Blue Shield in 14 states. About 1 in 9 Americans have insurance through them. There are some very structural, positive tailwinds for the medical managed care organizations over the next couple of years. Dividend yield of 1.59%. (Analysts’ price target is $175.75.)

Price:
$163.270
Subject:
HEALTHCARE
Bias:
BULLISH on HEALTH CARE
Owned:
Yes
2017-02-22 TOP PICK Celgene-Corp
CELG-Q
Paul Macdonald

Just added this in January. The company has a blood cancer drug that is really going to be the dominant player in that space. Has a huge pipeline of trials that are coming out with Revlimid . Also, diversifying their pipeline with Otezla. Between now and 2020, they are going to double revenues, and they don’t need success in their pipeline to do so. Trading at 16.9X forward earnings, and that grows down to 14X 24 months out. (Analysts’ price target is $140.27.)

Price:
$119.270
Subject:
HEALTHCARE
Bias:
BULLISH on HEALTH CARE
Owned:
Yes
2017-02-22 TOP PICK Cineplex-Inc
CGX-T
Jerome Hass

*Short* A pairs trade with Cinemark (CNK-N). This is trading at twice the valuation of Cinemark.

Price:
$50.920
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2017-02-22 TOP PICK Cinemark-Holdings
CNK-N
Jerome Hass

*Long* A pairs trade with Cineplex (CGX-T). This is about twice the size of Cineplex in terms of their screens.

Price:
$43.390
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2017-02-22 TOP PICK Home-Capital-Group
HCG-T
Jerome Hass

*Short* A very crowded short, and he generally doesn’t like to participate in crowded trades, but makes an exception in this case. There are a lot of Shorts on this, because the US hedge funds use it as a proxy for the Canadian housing market. His view is actually quite neutral on the Canadian housing market. There is a lot of runoff in their portfolio, so just to stand still they have to get at least 14% growth in terms of their number of mortgages. This is because banks have gotten smarter at catering to new immigrants to Canada. Dividend yield of 3.91%. (Analysts’ price target is $29.73.)

Price:
$26.260
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2017-02-22 TOP PICK Merck--and--Company
MRK-N
Paul Macdonald

This company has the Mojo right now. Their drugs are definitely working. They have the first-line treatment in very specific lung cancer. Has a huge pipeline of trials going on with Keytruda. He continues to think immuno oncology is fast growing and that there is going to be further positive results coming out over the next couple of years. Dividend yield of 2.88%. (Analysts’ price target is $69.11.)

Price:
$65.290
Subject:
HEALTHCARE
Bias:
BULLISH on HEALTH CARE
Owned:
Yes
2017-02-22 TOP PICK Spin-Master-Corp
TOY-T
Jerome Hass

Going to be reporting in March. There are so few listed toy companies globally. It is not inconceivable that this company gets taken out by one of the bigger players. (Analysts’ price target is $37.86.)

Price:
$33.700
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2017-02-21 TOP PICK Element-Fleet-Management
EFN-T
Alex Ruus

This is one of 2 parts that was spun out from the old Element Financial. North America’s leading fleet manager and growing organically as well as rolling up other fleet managers over time. They also have some fleet management in other parts of the world. Also, have a lot of peripheral services that they can provide to customers. Trading at 11X next year’s earnings. Dividend yield of 0.71%, which will probably be increased every year. He can see 40% upside from here. (Analysts’ price target is $14.66.)

Price:
$14.030
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 TOP PICK Fortis-Inc.
FTS-T
Robert McWhirter

A diversified international distribution utility holding company. 25% dividend payout ratio. Reported a 15% earnings surprise on Feb 16. Sales are up 11% year-over-year, and the growth margin grew 7% year-over-year. Free cash flow was up 44% and ROE is 8%. 3.7% dividend yield. (Analysts’ price target is $48.55.)

Price:
$43.180
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-21 TOP PICK Magna-Int-l.--A-
MG-T
Alex Ruus

The biggest auto parts manufacturer in Canada, and the 2nd globally. One of the most underappreciated Canadian success stories. He continues to be defied by the valuation in this market where we have Shopify (SHOP-T) trading at 100X 3-4 years out earnings, and you can buy this one at 7X next year’s earnings with a dividend that increases every year and they buy back stock. Dividend yield of 2.25%. (Analysts’ price target is $65.37.)

Price:
$59.890
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 TOP PICK New-Flyer-Industries-Inc.
NFI-T
Robert McWhirter

The largest bus manufacturer and parts distributor in North America. Expecting earnings to grow by 37% year-over-year. There are great opportunities for bus manufacturers in North America. Dividend yield of 2.14%. (Analysts’ price target is $51.29.)

Price:
$44.770
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-21 TOP PICK United-Parcel-Services
UPS-N
Alex Ruus

The world’s largest, global logistic company. The largest provider of small package and document delivery in the world. There was a little disappointment with their earnings last quarter and the stock pulled off, making it a great buying opportunity. Trading at 16X next year’s earnings and a 5% free cash flow yield. Dividend yield of 3.08%. (Analysts’ price target is $115.)

Price:
$107.720
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-21 TOP PICK Western-Forest-Products-Inc.
WEF-T
Robert McWhirter

Technical analyst Leon Tuey likes the profile. Year-over-year sales was up 10% and year-over-year earnings was up over 62%. ROE is 16.4% on a trailing basis and free cash flow yield is 8%, compared to 1.5% last year. Dividend yield of 3.72%. (Analysts’ price target is $2.32.)

Price:
$2.200
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on OIL
Owned:
No
2017-02-17 TOP PICK Fortis-Inc.
FTS-T
Christine Poole

She likes it for the income, growth and the defensive nature of the business.  They just bought ITC corp. which is out of the US and expands their presence there.  ITC is a regulated electric utility.  Over 60% of FTS-T’s earnings are going to be coming from the US now.  They have good visibility post- the acquisition to grow their dividend 6% per year until 2021.  It has lagged the market, so all in, you should get 12% on this name. (Analysts’ target: $48.55).

Price:
$43.200
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 TOP PICK Johnson--and--Johnson
JNJ-N
Christine Poole

They have done well in the pharma side.  They just announced the acquisition of a Swiss based pharma company.  They grow organically also.  They have identified about 10 products they are going to launch in the next three years that have about $1 Billion each.  They trade at 16 times earnings and have increased their dividend for 54 consecutive years.  (Analysts’ target: $126.32).

Price:
$118.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 TOP PICK Wajax-Corp
WJX-T
Hap (Robert) Sneddon FCSI

They have three divisions. Industrial components, power systems and equipment.  They have had a huge run up based on earnings.  They report in a couple of weeks.  It may be necessary to sell after that.

Price:
$23.700
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-02-17 TOP PICK SPDR-Utilities-E.T.F.
XLU-N
Hap (Robert) Sneddon FCSI

If we think inflation is coming we should see that 10 year north of 3%, but it is not.  We broke above the $49 level.  There are a lot of buyers in there.  It is one of the strongest sectors.  If the 1 year gets above 2.6% then you have broken the theme.

Price:
$49.570
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-02-17 TOP PICK SPDR-Health-Care-E.T.F.
XLV-N
Hap (Robert) Sneddon FCSI

Just the big names in US healthcare.  We have seen the bottom in here.  It is one of the strongest sectors out there right now.  We saw some rotation last week.  It is in a secular bull market and we are at the beginning of it.  It has a really good valuation.  The political football that it has been is going to die down.

Price:
$73.660
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-02-17 TOP PICK Xylem-Inc.
XYL-N
Christine Poole

They are in the business of transportation, testing and treatment of water.  Drinkable water is a very scarce commodity.  21% of revenues are from emerging markets.  They are trying to give people access to sanitation.  In the US there is a lot of overhaul required on the existing systems.  In 2012 state governments cut back because there was no funding.  XYL-N also have exposure in the UK.  They just acquired a smart metering company and will do some cross selling.  (Analysts’ target: $54.00).

Price:
$47.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-16 TOP PICK Canadian-Apartment-Properties
CAR.UN-T
David Baskin

Canada’s biggest land lord.  They are opening up frontiers in Europe.  It is a wonderfully run company.  Very nice distribution.  Very solid balance sheet.  (Analysts target: $33.15).

Price:
$31.910
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 TOP PICK Centric-Health
CHH-T
Fabrice Taylor

One division does private surgeries that are not covered by healthcare.  Every year they cut more and more services from provincial plans so there are more and more opportunities to use their services.  The other division is an industrial pharmacy that services businesses like seniors homes.  It is a turnaround story.  They used to have a lot of debt, but margins have improved.  He is impressed with management.  The stock has positive tailwinds and it is a turnaround story.  (Analysts’ target: $1.02).

Price:
$0.790
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 TOP PICK CVS-Health-Corp
CVS-N
David Baskin

They have a huge platform of pharmacies in the US, pharma benefits management and home healthcare.  The baby boomer generation is not going to suddenly not need their pills any more.  It is very cheap right now.  (Analysts’ target: $86.34).

Price:
$79.450
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 TOP PICK Walt-Disney
DIS-N
David Baskin

They own some of the best production studios there are as well a tremendous intellectual library with every old movie in the world.  They also have ESPN, which was the major question mark. They have mobilized that.  They also have cruise lines and theme parks. This is where millennials are spending their money.  (Analysts’ Target: $116.29).

Price:
$110.710
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 TOP PICK Polaris-Infrastructure
PIF-T
Fabrice Taylor

Geothermal energy in Nicaragua.  They have a fantastic PPA with the grid operator there.  They pay a dividend and have raised it twice in the last few months.  They pay in US$.  There is upside in the form of higher production.    There is a chance you might get a bid from a bigger operator.  (Analysts’ Target: $22.33).

Price:
$15.920
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Yes
2017-02-16 TOP PICK Red-Eagle-Mining
R-T
Fabrice Taylor

Just commissioning a mine in Columbia that should be producing soon.  It is a re-rating story; currently only at 2 or 3 times 2018 earnings because investors have not bought into the story.  You will get a rising multiple and some upside form rising gold prices.  Risk will come down in the near term.  (Analysts’ target: $1.31).

Price:
$0.840
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
Yes
2017-02-15 TOP PICK Cascades-Inc
CAS-T
Colin Stewart

They have 2 core businesses, tissue and container board. He likes the container board side in particular because of the growing economy where people are shipping more things in boxes. It is a fairly tight market right now for container board and there have been price increases in the last couple of days. As more and more online shopping occurs, that is going to lead to more things shipped in boxes. Trading at only about 5.5X enterprise value to EBITDA. Dividend yield of 1.15%. (Analysts’ price target is $14.60.)

Price:
$13.900
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-15 TOP PICK Gluskin-Sheff-and-Associates
GS-T
Brian Madden

An asset manager that operates in the high net worth space. The demographics are great. Family assets are growing more quickly than lower net worth households. Also, client relationships tend to be longer-term and stickier, due to the nature of the services offered. The stock is discounted because of long-term litigation with the founders, which is likely to get cleared up later this year. Dividend yield of 5.27%. (Analysts’ price target is $19.67.)

Price:
$18.990
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-15 TOP PICK Imvescor-Restaurant-Group
IRG-T
Colin Stewart

Their brands include Pizza Delight, Baton Rouge, Scores, etc. Mainly in Québec. Recently made an acquisition of a breakfast chain, Ben & Florentine. They don’t actually own or run the expenses of the restaurant, but take a royalty off the top line. There is a lot of free cash flow. Trades at half the valuation of a Freshii. Dividend yield of 2.69%. The new CEO has been reinvesting in the business. They are on the hunt for more acquisitions. A cheaper way to play the restaurant business in Canada. (Analysts’ price target is $3.88.)

Price:
$3.330
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-15 TOP PICK Magna-Int-l.--A-
MG-T
Brian Madden

A great play on the auto cycle. 18 million cars a year are being produced, and perhaps accelerating in Europe and continuing at high levels in Asia. The company is very innovative and are making advances in vehicle light weighting, transmissions and advanced driver systems. Trading at a discounted valuation. Dividend yield of 2.28%. (Analysts’ price target is $65.48.)

Price:
$59.140
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-15 TOP PICK Shopify-Inc.
SHOP-T
Brian Madden

Canada’s most dynamic growth story. It is Canada’s leading e-commerce enablement company. They are involved in things like payment solutions for online merchants, order management systems, inventory and promotion management systems, as well as more recently into shipping. Just reported great numbers. Management has predicted they will break even by the 4th quarter of this year and should post revenue between $580 million and $600 million. (Analysts’ price target is $75.71.)

Price:
$79.220
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-15 TOP PICK Temple-Hotels
TPH-T
Colin Stewart

The largest publicly traded hotel company in Canada, and operate under names such as Hilton, Marriott, Days Inn, etc. They own over 4000 hotel rooms in Canada. 50% of those are in Alberta, and half of those are in Fort Mac. That has caused the share price to underperform over the last couple of years. Thinks this is a bit of a restructuring turnaround story. Also, Morguard (MRG.UN-T) has taken a very large, over 50% equity stake in it. (Analysts’ price target is $0.90.)

Price:
$0.900
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 TOP PICK Altagas-Ltd
ALA-T
Ryan Bushell

Good management team. 6%-7% annualized dividend growth over the last 5 years. 7% growth on a 7% yield is a big number. He likes this company for yield focused investors. Acquiring WGL Holdings, a Washington-based utility in Virginia. Has faith in the management team to pull the acquisition off. Dividend yield of 6.72%. (Analysts’ price target is $35.44.)

Price:
$31.240
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 TOP PICK Canadian-Natural-Rsrcs
CNQ-T
Ryan Bushell

A lot of the large Canadian oil producers have gone on sale recently. There are 2 big concerns in the market. One is the possible border adjustment tax, which would raise the price of retail gasoline in the US, and he doesn’t think that is likely to pass. The 2nd is how much production comes on in the US and what happens with the OPEC deal. The WTI strip has hung in their pretty solidly, even with some big inventory builds over the last couple of weeks. The stock is cheap. Dividend yield of 2.52%. (Analysts’ price target is $49.74.)

Price:
$39.690
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 TOP PICK Dow-Chemical
DOW-N
David Burrows

This is a good company that is getting better. They are merging into DuPont (DD-N), and will wind up splitting into 3 pieces. The US has the lowest cost natural gas globally. In chemical companies, natural gas is the biggest cost. There are very persistent low natural gas prices because of what has happened with fracing in the US. The merging companies will likely unlock some value. They generated about a 20% dividend growth over the last 5 years. Dividend yield of 3.01%. (Analysts’ price target is $67.06.)

Price:
$61.720
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 TOP PICK EnerCare-Inc
ECI-T
Ryan Bushell

He likes this for the long-term. This services, sells and rents water heaters, furnaces and air conditioners. Increased penetration of rentals is really valuable for them longer-term. Good management team. Just did a big acquisition in the US where they are going to roll out rentals, which should be good for the company longer-term. Dividend yield of 4.86%. (Analysts’ price target is $21.60.)

Price:
$19.020
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-14 TOP PICK Home-Depot
HD-N
David Burrows

He likes owning companies that can grow a dividend. This has about 2,200 locations and has been growing same-store sales at about 7% for the last 5 years. They’ve grown their dividend 21% a year over the last 5 years. If you think the consumer is improving, this is a good place to go. Technically, after having consolidated over the last year, the stock is breaking out. Dividend yield of 1.96%. (Analysts’ price target is $148.67.)

Price:
$141.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-14 TOP PICK Morgan-Stanley
MS-N
David Burrows

Since 1841, US equities have returned about 9% a year, versus bonds of about 05%. However, there are 2 extended periods; 1910 to 1945, and 1981 to 2016, where bonds and stocks gave roughly the same results, with less volatility in bonds. It’s no wonder that in both cases people got to like bonds a lot. In the late 1940s, when stocks started to outperform for the next 35 years, they went up 5 for 1. We have just come out of a period where bonds and stocks gave the same return. So arguably for the rest of our investing lives, we may see stocks outperform by a multiple in bonds. This one is a leader in institutional equities. 43% of their revenues come from wealth management. The wealth management business is the 2nd biggest in the US. This is a business that is firmly focused on domestic equity. The company has quietly transformed itself into a wealth management machine. Dividend yield of 1.74%. (Analysts’ price target is $48.35.)

Price:
$46.040
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-13 TOP PICK AutoCanada-Inc.
ACQ-T
Paul Harris, CFA

It fell a lot because of Western Canadian exposure.  Management was going to do 3-5 acquisitions per year and then did 14 in one year.  As things fell apart they did not integrate their acquisitions well.  Now they have done this and they have integrated their back office as well, making it easier to integrate acquisitions in the future.  Albertans are big spenders on cars.  (Analysts’ target: $25.71).

Price:
$25.370
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BEAR
Owned:
Yes
2017-02-13 TOP PICK Blackstone-Group-LP
BX-N
Paul Harris, CFA

They have a private equity business, hedge funds and real estate.  He thinks this is a very good environment for a private equity firm.  They bought a lot of cheap assets in 07/08.  They have a lot of capital to buy things with.  Debt is not that expensive.  (Analysts’ target: $35.13) .

Price:
$30.450
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BEAR
Owned:
Yes
2017-02-13 TOP PICK Caterpillar
CAT-N
John Zechner

*Short* They’ve missed expectations 14 quarters in a row, 5 down-years of earnings. Management just said expectations were too high for next year. On their website, they are selling used equipment at a discount, rather than new equipment. Doesn’t see where growth is coming from. Dividend yield of 3.13%. (Analysts’ price target is $98.45.)

Price:
$98.500
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-02-13 TOP PICK Facebook
FB-Q
John Zechner

One of the great growth companies out there. On gap-adjusted earnings, this is trading at 24X next year’s earnings. Between this and Google, they own mobile services. They are getting a higher user engagement. 1.8 billion monthly active users. (Analysts’ price target is $159.07.)

Price:
$134.050
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-02-13 TOP PICK Gilead-Sciences-Inc.
GILD-Q
Paul Harris, CFA

7 times earnings.  It fell on a recent earnings disappointment.  The HIV drug is continuing to do well and the HEP-C drug is declining because they are curing everyone.  He wants to see them do an acquisition that will grow their drug business.  Some of the drugs in their pipeline look promising and he needs to see them coming to fruition.  They are buying back their shares and will hopefully increase their dividend.  (Analysts’ target: $82.00).

Price:
$67.650
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BEAR
Owned:
Yes
2017-02-13 TOP PICK Martinrea
MRE-T
John Zechner

There are worries about the auto sector, and this has been under additional pressure, but he likes the valuation. When you get a stock trading at 5 or 6 times forward earnings, and 3X operating cash flow, you are already assuming the worst. They have a lot of downside protection. He likes the operations. They probably have the best exposure to aluminum in the automobile, which is increasing. European operations are doing well. Capacity is increasing and they are getting higher margins from that. Dividend yield of 1.38%. (Analysts’ price target is $11.68.)

Price:
$8.700
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-02-10 TOP PICK Arc-Resources-Ltd
ARX-T
Norman Levine

He likes that it is about 72% natural gas, and mostly in the Montney in BC. It recently sold a major piece of its oil operation in Saskatchewan. They are a low-cost producer. Great management. Dividend yield of 2.89%. (Analysts’ price target is $27.00)

Price:
$20.740
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-10 TOP PICK Cara-Operations-Ltd.
CARA-T
Norman Levine

This has been a disappointing stock since he bought it. The largest restaurant company in Canada. It grows by acquisition and franchising’s operations. Alberta has been hurting the stock. Just made an acquisition of a large Québec operation. Trades at a discount to US counterparts. Dividend yield of 1.57%. (Analysts’ price target is $30.86.)

Price:
$26.030
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-10 TOP PICK Kone-Oyj
KNEBV-OMX
Norman Levine

This trades in Helsinki, but buy it on the pink sheets in the US under KHNJF. They are either the 2nd or 3rd largest elevator/escalator company globally. A big part of their sales is in China, which has been slowing down, but Europe and North America have been picking up. They get about 60% of their revenue from service, a high margin much more stable business. Dividend yield of 3.83%. (Analysts’ price target is €42.14.)

Price:
$0.000
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-10 TOP PICK Raging-River-Exploration
RRX-T
Craig Porter

Basically one play in Saskatchewan. Good management team. It can provide a lot of growth. They are able to re-funnel their cash and keep growing the asset. (Analysts’ price target is $13.27.)

Price:
$9.270
Subject:
RESOURCE
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-10 TOP PICK Spartan-Energy-Corp
SPE-T
Craig Porter

A light oil focused company. Recently bought a land package from another company. Fantastic management team. The company has been hurt by selling out of the US, worries about a border tax and fears of carbon tax. Thinks it has been hurt more than a lot of the other companies. (Analysts’ price target is $4.46.)

Price:
$2.860
Subject:
RESOURCE
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-10 TOP PICK Whitecap-Resources
WCP-T
Craig Porter

Great management. It has very light oil properties in Alberta and Saskatchewan. The team has focused on properties that have a low decline rate of about 20%, and don’t have to drill is much as companies that have a 40% decline rate. Bought a large Saskatchewan land play off of Husky Oil last year. Dividend yield of 2.61%. (Analysts’ price target is $14.92.)

Price:
$10.810
Subject:
RESOURCE
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-09 TOP PICK Cheesecake-Factory-Inc--The-
CAKE-Q
Jim McGovern

*Short* This has been a great performing stock. It is at a 52-week high today, but thinks it has peaked out, both on the margins and the dairy portion. It has been one of the few restaurant chains that has been able to raise prices, but that is pretty much tapped out. Also, they are 90% impacted with the whole mall experience in a secular decline. He is not looking for a big hit on this, but something back into the $50s or high $40 level. Yield of 1.57%. (Analysts’ price target is $58.40.)

Price:
$61.360
Subject:
GLOBAL EQUITIES & MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-02-09 TOP PICK Amdocs
DOX-Q
John Petrides

His favourite company that no one knows about.  A $9 billion dollar company that does billing for telecom operators.   Switching costs are very, very high.  It has a 1.3% dividend yield, which has grown 15% annually for 3 years and they have bought back stock for 10 years.  80% of their business is recurring revenue.  (Analysts’ target: $ 63.11).

Price:
$59.100
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-02-09 TOP PICK Hanesbrands
HBI-N
John Petrides

They disappointed investors except with the multiple.  They tripled the dividend in 3 years.  It has a 3% yield.  They spent a lot of time in cash, buying back stock.  They are classified as consumer discretionary.  He does not think underwear in discretionary.  (Analysts’ target: $27.54).

Price:
$20.240
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-02-09 TOP PICK Lithium-Americas-Corp
LAC-T
Jim McGovern

Part owner of a brine called Cauchari in Argentina. A joint venture they have done with SQM, probably the best operator of lithium brines globally. They recently completed a financing, both equity and debt, and offtake arrangements with a Chinese and Thai company. It was quite speculative, but no longer thinks it is. Enterprise Value is around $460 million, but could be well north of $1 billion in 2-3 years. It should be in operation by 2019. (Analysts’ price target is $1.70.)

Price:
$1.000
Subject:
GLOBAL EQUITIES & MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-02-09 TOP PICK Lockheed-Martin
LMT-N
Jim McGovern

This is all about defence. Mr. Trump had the tweet on the F 35 that knocked about $15 off the stock, and this is a great chance to buy in. This is going to be a favourite of the new Defence Secretary Mattis. They have all the right programs, especially the missile programs. Expects announcements in the order of $40-$50 billion in new spending this March, which a lot will be on military readiness. Not a cheap stock, but a great secular story and you should be in this name for multiple years. Dividend yield of 2.82%. (Analysts’ price target is $281.32.)

Price:
$258.200
Subject:
GLOBAL EQUITIES & MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-02-09 TOP PICK Mattel
MAT-Q
John Petrides

The stock is off about 18% or so the last three months.  There is a Barbie turn-around.  Barbie grew in double digits.  They paid up for shelf space during the holiday season which pressured margins.  They are turning around in the right direction.  They are moving to 3D printing.  Once they start streamlining that process it will save tremendous amounts of costs in the future.  (Analysts’ target: $31.42).

Price:
$25.830
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-02-08 TOP PICK Bristol-Myers-Squibb
BMY-N
Robert Lauzon

This has an ugly chart, but is still a great company. When the stock got to $70, it was basically pricing in a lot of growth with their Opdivo immuno oncology cancer drug. Missed some trials on about 15% of the market for the drug, and the stock really got whacked. The market has pretty well taken out any earnings of this drug. 85% of the market is still available, so he thinks that over the next 3-4 years, they are still going to be a leader with immuno oncology. You are now paying 16X forward earnings for a company that normally trades in the 20Xs. Dividend yield of 3%. (Analysts’ price target is $55.44.)

Price:
$52.000
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-02-08 TOP PICK Brookfield-Property-Partners
BPY.UN-T
Robert Lauzon

Brookfield Asset Management (BAM.A-T) owns 65% of this, and this is their public vehicle that holds all of their trophy properties around the world. If you want exposure to Europe, Australia, New York and Canada, this gives it to you. Trading at about a 25% discount to NAV. Dividend yield of 5.15%. (Analysts’ price target is $33.95.)

Price:
$29.040
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-02-08 TOP PICK ETrade-Financial-Corp.
ETFC-Q
Cameron Hurst

Originally, this was a sort of discount brokerage. They formed into 2 segments, one being a bank and the other a brokerage. In 2009 they had a mortgage book of about $20 billion. Part of that was normal conforming mortgages, and part of it was a big home equity book. The whole thing was underwritten very poorly. That book is now less than $4 billion. (Analysts’ price target is $42.82.)

Price:
$35.060
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-02-08 TOP PICK Freehold-Royalties
FRU-T
Robert Lauzon

A Canadian oil/gas royalty company. Do the drilling on about 10% of their business, and on the other 90% other people do the drilling and spend the CapX, and they just get a royalty off the top line. Now that oil is over $50, there could be a dividend bump, because they tend to pay out about 70% of cash flow in dividends, and are currently at about 45%. Dividend yield of 3.83%. (Analysts’ price target is $16.36.)

Price:
$12.560
Subject:
GLOBAL DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-02-08 TOP PICK Alphabet-Inc.--A-
GOOGL-Q
Cameron Hurst

They are reining in expenses, which people are a little bit upset about. Tax repatriation could be a benefit to them. 15% of their cash ($82-$83 billion) is trapped overseas. (Analysts’ price target is $991.78.)

Price:
$804.570
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-02-08 TOP PICK Honeywell-International
HON-N
Cameron Hurst

An infrastructure play. This is about 1/3 the size of General Electric (GE-N), but is also a diversified industrial. They have taken a more technological progress of approach to being an industrial. Well positioned in the rising theme of software connectivity (connected aircrafts, autos, homes, etc.) Dividend yield of 2.22%. (Analysts’ price target is $131.66.)

Price:
$119.730
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-02-07 TOP PICK AgJunction-Inc
AJX-T
Benj Gallander

A GPS system for agriculture. A speculative play. Did a merger over a year ago, and unfortunately the revenues are now less than when they merged. In the recent quarter, they lost $14 million, but about 11 million of that was a good will write off. No debt and $15 million in the bank. Doesn’t expect a turnaround soon, because the agriculture market isn’t that good.

Price:
$0.540
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2017-02-07 TOP PICK Cargojet-Inc
CJT-T
Gerard Ferguson

This moves 90% of overnight cargo business in Canada. They have Canada Post, Air Canada and are beginning to grow outside of Canada as well, with routes to Europe and Latin America. Well run with a very strong free cash flow yield. Not a cheap stock. Dividend yield of 1.52%. (Analysts’ price target is $55.60.)

Price:
$45.770
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2017-02-07 TOP PICK Franco-Nevada-Corp.
FNV-T
Gerard Ferguson

A very safe way to play gold. It is a royalty company, not a miner, so there are no mining risks. It is in geographically safe jurisdictions, so you don’t have the same risks of a project being taken back and privatized by a government. Diversified broadly across tons of different royalties, not just in precious metals, but also in the oil/gas space. Dividend yield of 1.31%. (Analysts’ price target is $96.01.)

Price:
$89.280
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2017-02-07 TOP PICK First-US-Bancshares-Inc
FUSB-Q
Benj Gallander

A small bank in Alabama. This used to trade over $35 and have an annual dividend of over $1. During the recession, they did not dilute, so they still have just over 6 million shares outstanding. Thinks they will raise the dividend, and the stock should move higher. One of the most boring banks he has ever looked at. It should be helped by higher interest rates. Dividend yield of 0.71%. He has this targeted at a $22+ Sell target, but thinks it could go further than that.

Price:
$11.200
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2017-02-07 TOP PICK Greenspace-Brands-Inc
JTR-X
Gerard Ferguson

A developer brand in organic food space. Recently broke into Loblaw’s (L-T) and some other food chains. An acquisition driven story. They have quite strong organic growth of 20%+ a year, but will continue to acquire brands, develop them, and expand them from within. It is everything from baby food to pet food to drinks. Expects they will come out with a lot of new names that will appeal to the millennial generation. (Analysts’ price target is $2.10.)

Price:
$1.240
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes
2017-02-07 TOP PICK Penn-West-Petroleum
PWT-T
Benj Gallander

This has been a turnaround/repair story. He didn’t sell when it hit bottom, and since then it has tripled. They had about $2.5 billion in debt, which is now under $500 million. Their capital budget is $180 million, and they estimate the production growth will be about 15% before the end of the year. Of course, a lot of this comes down to oil/gas prices. (Analysts’ price target is $2.76.)

Price:
$2.150
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 TOP PICK American-International-Group
AIG-N
Brian Acker, CA

Interest rates are going to up and financial repression is over.  His model price is $76.66, indicating an 18% upside.  (Analysts’ target: $72.29). 

Price:
$64.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on FINANCIALS
Owned:
Yes
2017-02-06 TOP PICK BCE-Inc.
BCE-T
Keith Richards

This is one he holds in his income platform, but it also suits his growth platform. The chart shows a long upward 3-year trend line, and it has come down to the lower part of the trend line again. He likes the stock from a long-term trend perspective. It also gives a good dividend. (Analysts’ price target is $60.80.)

Price:
$57.410
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 TOP PICK CitiGroup
C-N
Brian Acker, CA

He loves US banks.  These banks are way overcapitalized.  They were levered 19 times previously and are only just under 8 times here.  They have a massive amount of capital to use in loans or return to shareholders.  Dividends are peanuts.  His model price is $66.23, a 15% upside. (Analysts’ target: $64.43).

Price:
$57.640
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on FINANCIALS
Owned:
Yes
2017-02-06 TOP PICK CASH
CASH
Keith Richards

He is 18% cash in his portfolio right now. Probably in 2-3 weeks, he’ll be back to being fully invested. You should have a little bit of cash going into the next few weeks as the odds are that the market might be soft and there might be some opportunities.

Price:
$0.010
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 TOP PICK General-Electric
GE-N
Keith Richards

This started a trading range at the beginning of the year and he picked this up at about $28. It is now approaching the lower part of its range where he would Buy it again. It might stay range bound for a while. (Analysts’ price target is $33.75.)

Price:
$29.660
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 TOP PICK Exxon-Mobil
XOM-N
Brian Acker, CA

This is an asset play.  You are buying it at EBV+3.  In 1994/5 you had the same valuation.  $84.05 is his model price and it is bang on.  This is the best oil stock.  (Analysts’ Target: $89.13).

Price:
$83.310
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL on FINANCIALS
Owned:
Yes
2017-02-03 TOP PICK First-Capital-Realty
FCR-T
Derek Warren

A retail REIT basically focused on Canada’s wealthiest neighbourhoods. They are always focused on the best locations, the best corners. Retail is facing some difficulties, but retailers are not just going to close up all their stores; the best stores in the best locations are going to continue to do well. This offers growth. Because of retail pressures, the stock has sold off giving an interesting opportunity. A compelling return over the next year. Dividend yield of 4.11%. (Analysts’ price target is $23.63.)

Price:
$20.890
Subject:
REITs & REAL ESTATE STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2017-02-03 TOP PICK Inter-Pipeline
IPL-T
David Cockfield

Gives a better yield than Pembina (PPL-T), and its multiple is lower. They are still plugged into the oil sands. Each year is going to bring on 200,000 additional barrels that has to be moved. They are going to do just fine. Good management. They have been accretive in their acquisitions. Dividend yield of 5.6%. (Analysts’ price target is $54.82.)

Price:
$28.940
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2017-02-03 TOP PICK Killam-Properties-Inc
KMP.UN-T
Derek Warren

In the Maritimes, but they have been developing in Ontario, and have recently been expanding into Alberta as well. He likes the apartment REITs. They have all kind of run, however this one is at a significant discount and doing very well. It has been lowering its debt. They still have a convertible outstanding that should be paid off, so he does expect an equity offering sometime in the next 6 months or so. Dividend yield of 4.87%. (Analysts’ price target is $13.80.)

Price:
$12.430
Subject:
REITs & REAL ESTATE STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2017-02-03 TOP PICK Northview-Apartment-Real-Estate
NVU.UN-T
Derek Warren

A little controversial. The company went through a transaction where they expanded into Ontario. The market didn’t like the deal, so the stock suffered. However, at this point, you are getting about 44% exposure to Ontario and East, and the rest is Alberta and North. He likes having some oil exposure in his portfolios. In effect, this is Ontario apartments at Alberta prices, a significant discount to any other Alberta REIT and a higher yield. He doesn’t expect a lot during 2017, but knows his yield is safe. As they improve efficiencies in Ontario, they’ll start to see gains late in the year and into 2018. Dividend yield of 7.82%. (Analysts’ price target is $20.50.)

Price:
$21.150
Subject:
REITs & REAL ESTATE STOCKS
Bias:
CAUTIOUS
Owned:
Yes
2017-02-03 TOP PICK Shopify-Inc.
SHOP-T
David Cockfield

This is for people who want to take a little bit of risk. Based in Ottawa and services through the e-commerce large and small create website. A small company can get in here and get all the same firepower that a larger company has. They have good feedback and good connections with the card issuers. They are also in the US with the big guys. (Analysts’ price target is $68.16.)

Price:
$58.720
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2017-02-03 TOP PICK Sun-Life-Financial-Inc
SLF-T
David Cockfield

Good management. If this gets under $50, it would definitely be on his list. Dividend yield of 3.32%. (Analysts’ price target is $54.82.)

Price:
$50.570
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Yes
2017-02-02 TOP PICK Alibaba-Group-Holding
BABA-N
Christine Tan

Founded in 1999. Initially it was just a simple portal connecting manufacturer in China to buy items around the world. Currently about 80% of online retail goes to an Ali Baba website. She likes the whole move to online, because if you think about China and their big land base, they are very concentrated in major cities where there are a lot of bricks and mortar retailers. Then you have the rural and smaller villages, where there are none. Valuation is very compelling. Among the big 3 tech companies in China, this is the most inexpensive. (Analysts’ price target is $125.24.)

Price:
$87.370
Subject:
EMERGING MARKET
Bias:
BULLISH on EMERGING MARKETS
Owned:
Yes
2017-02-02 TOP PICK Godrej-Consumer-Products
GODREJCP-NSE
Christine Tan

India is her favourite economy in emerging markets. This company is the largest growing consumer staples company. They have 3 divisions; homecare, personal care and (?) Care. Initially started out building their domestic business, and then became global. They’ve made a few tactical acquisitions in Indonesia, South Africa and Latin America. They are now roughly 50% India and the rest is other geographies. Not cheap, but none of the consumer product companies in India are. Dividend yield of 0.36%. (Analysts’ price target is INR 1634.67)

Price:
$0.000
Subject:
EMERGING MARKET
Bias:
BULLISH on EMERGING MARKETS
Owned:
Yes
2017-02-02 TOP PICK Manulife-Financial
MFC-T
Lyle Stein

He still likes it.  Interest rates are going to go higher especially with infrastructure.  He likes that it got hurt in the financial meltdown.  There is room for dividend growth and upside from the trend of rising interest rates.  He wants it in addition to banks.  (Analysts’ target: $26.61).

Price:
$24.630
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-02-02 TOP PICK Sberbank
SBRCY-5
Christine Tan

The largest bank in Russia and very well-managed. She thinks the Russian economy is going to gradually recover after an extremely tough 2015. In 2015 when inflation levels went from 6% to 17%, loan growth just compressed. Even in that environment, this bank managed to eke out a gradual tiny little net income with ROI roughly 1%. Trading at only 6X earnings. With oil prices where they are, there is a better outlook for Russia. Dividend yield of 1.04%.

Price:
$0.000
Subject:
EMERGING MARKET
Bias:
BULLISH on EMERGING MARKETS
Owned:
Yes
2017-02-02 TOP PICK Trans-Canada-Corp
TRP-T
Lyle Stein

TRP.PR.K-T.  4.75% yield.  The VIX is about as low as it has ever been.  Where do you park money when you are concerned.  This has a floor yield.  Some reset preferreds got reset at lower and lower rates.  5 years when this one comes up for renewal it will still be at a 4.5% or higher yield.  It is a wonderful alternative to fixed income.  The company could buy them from you in 5 years, but not until then.

Price:
$61.800
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-02-02 TOP PICK Zimmer-Biomet-Holdings-Inc.
ZBH-N
Lyle Stein

We need hips and knees and are looking to the US for them.  PE is 14-15 times earnings, to shield your capital from a slow decline in the Canadian dollar.  The US dollar has been a one way trade.  (Analysts’ target: $134.00).

Price:
$117.620
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-02-01 TOP PICK AGT-Food--and--Ingredients
AGT-T
Michael Sprung

This has pulled back recently to the mid-$30. One of the main providers of pulses globally, and with the whole movement of the world toward more and more protein, they are exceptionally well positioned. They’ve also been expanding in their food ingredients and pasta areas. Geographically diversified with operations in Turkey, Canada and some in the US. Dividend yield of 1.68%. (Analysts’ price target is $44.)

Price:
$35.710
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 TOP PICK Fortis-Inc.
FTS-T
Michael Sprung

A company that has made a few major acquisitions, but very successfully. When they made their first large acquisition in Texas, the Texans didn’t think they were going to be as successful as they have been. In the last year, they just closed the acquisition of ITC, a transmission company. This is a company that is well diversified, not only in its own industries, but across regulatory regimes, with a big solid footprint in the US. Dividend yield of 3.86%. (Analysts’ price target is $48.30.)

Price:
$41.470
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 TOP PICK CGI-Group--A-
GIB.A-T
Brendan Caldwell

Computer consulting and services provider. Consulting is a big growth area. He likes this one in particular because they are exiting a lot of their lower margin contracts, so he expects a margin improvement over the next several months. They have been on the acquisition trail. (Analysts’ price target is $70.32.)

Price:
$63.850
Subject:
CANADIAN VALUE
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-01 TOP PICK Manulife-Financial
MFC-T
Michael Sprung

Ran into serious problems during the financial crisis and had to cut the dividend in half. They had to restructure, not only their balance sheet, but also their product line. They’ve made huge inroads expanding geographically. Although it has appreciated recently, it is a company that will appreciate very well in a rising interest rate environment. Has a very strong operations in the US. Their sales in Asia have been doing extremely well. Believes we are going to be seeing more dividend increases, probably in the near term. Dividend Yield of 2.96%. (Analysts’ price target is $26.61.)

Price:
$24.980
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-01 TOP PICK Transcontinental-Inc.--A-
TCL.A-T
Brendan Caldwell

As a printing business, they have been discounted because of their exposure to packaging. They have always had a historical low multiple, compared to their peers. While print is in decline, this company has done a very good job of stabilizing their income. Dividend yield of 3.34%. (Analysts’ price target is $21.19.)

Price:
$21.870
Subject:
CANADIAN VALUE
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-01 TOP PICK TFI-International-Inc
TFII-T
Brendan Caldwell

This does full truckloads as well as partial loads and e-commerce deliveries. It is in every facet of the delivery business. One of the leaders in its sector. Dividend yield of 2.15%. (Analysts’ price target is $34.89.)

Price:
$35.390
Subject:
CANADIAN VALUE
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-31 TOP PICK Allied-Properties-REIT
AP.UN-T
Andy Nasr

An office REIT, not necessarily a cheap one, but does have a lot of development potential. They own Class I brick and beam office buildings, which tend to be older office buildings where you see a lot of advertising and technology companies in. There is scarcity value. They have dominant market share in Canada. The nicest thing is the development intensification potential, because in some cases they are taking these buildings, expanding them, building them up, and will be able to get much better yields when they do that. Dividend yield of 4.51%. (Analysts’ price target is $38.53.)

Price:
$33.900
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 TOP PICK Bird-Construction-Income-Fund
BDT-T
Andy Nasr

This has not performed very well. However, there is a tremendous amount of upside potential, particularly because the company was negatively impaired by the slowdown in Western Canada and lower commodity prices. As we hit an inflection point and see CapX budgets increase with a bit of an improvement in the Alberta economy, which should grow 2% this year coupled with federal infrastructure spending, we could see the backlog start to go up and people get more optimistic about margin growth. They recently cut the dividend, so it should be relatively safe. Has about $4.80 in cash per share on their balance sheet. Dividend yield of 4.36%. (Analysts’ price target is $10.)

Price:
$8.860
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 TOP PICK Birchcliff-Energy-Ltd.
BIR-T
Eric Nuttall

Predominantly a gas producer. Trading at a material discount relative to its gassy peers on a production per share growth over the next couple of years. They’ve picked off a great asset from Encana (ECA-T), and part of it has exploration access in the D2 zone, a liquids rich oily zone. He expects results in mid-March and is optimistic they will be successful. They have an internally financed ability to grow production very meaningfully over the next 5 years. Trading at 5.2X, and he thinks it will be able to gain an 8 multiple over the next 18 months, a 65% upside from today’s level. Dividend yield of 1.24%. (Analysts’ price target is $12.70.)

Price:
$8.020
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-31 TOP PICK Ferrovial--SA
FER-SM
Andy Nasr

An infrastructure company and their 2 assets are the Highway 407 and Heathrow Airport. A good example of an infrastructure company that has been beat up giving a decent dividend yield and 2 great assets that give you inflation protection. Trades at a big discount to its replacement costs. Dividend yield of 4.87%. (Analysts’ price target is $20.92.)

Price:
$0.000
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-31 TOP PICK Spartan-Energy-Corp
SPE-T
Eric Nuttall

The poster child for what has been happening over the past month i.e., large, large US guys blowing out all their Canadian exposure. The stock has fallen by almost 20% this month. This is a stock on sale that can easily grow by 10% a year for many years, down to $45 oil. Very conservative balance sheet and a very conservative team. Proven value creators. Trading at under 5X enterprise value to cash flow. It will be trading at $8, a 70% upside. (Analysts’ price target is $4.54.)

Price:
$3.360
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-31 TOP PICK Trican-Well-Service-Ltd.
TCW-T
Eric Nuttall

They monetize a portion of their US former operations, which is now in a public company called Keane. The market has been over penalizing the value of that asset, and he expects another $2.10 of future value. If you strip off the value for Keane, the stock is trading at about 4.3X next year’s EBITDA. He thinks they can EBITDA $150 million. If you put a 7.5X multiple on that, he gets over a $7 share price, a 50% upside. (Analysts’ price target is $5.77.)

Price:
$4.890
Subject:
ENERGY
Bias:
OPTIMISTIC
Owned:
Yes
2017-01-30 TOP PICK Apple
AAPL-Q
Erin Gibbs

There were reports last year about downgrades but now they are reporting their Q4 tomorrow.  iPhone sales were actually pretty strong.  The first half of this year may be more challenging.  People are already talking about the iPhone 8 coming out in September.  It is a good entry point.  Apple tends to deliver after any disappointing report.  (Analysts' target: $135.50).

Price:
$121.630
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Unknown
2017-01-30 TOP PICK KKR--and--Co.-LP
KKR-N
John Stephenson

Primarily private equity, in the alternative finance category. They’ve had some very strong realizations, which were up about $8.6 billion last quarter, up 28% from the previous quarter. Better equity market equals more realizations. Very, very cheap, cheapest of the alternative group. They have really underperformed, unlike the overall finance group, partly because of their partnership structure, so maybe at some point it could convert to a C Corp. Basically trading at BV or slightly below. Dividend yield of 3.65%. (Analysts’ price target is $19.95.)

Price:
$17.230
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-01-30 TOP PICK Southwest-Airlines
LUV-N
Erin Gibbs

There are a few airlines she likes.  This is one of her favourites.  They beat Q4 earnings.  They had to add flights for the Super bowl.  They may beat first quarter estimates.  They are able to add more long distance flights due to less regulatory issues.   (Analysts' Target: $62.20).

Price:
$52.350
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Yes
2017-01-30 TOP PICK Macys-Inc.--formerly-Federated-Department-Stores-
M-N
Erin Gibbs

There have been a lot of negatives.  They are another of the transitions companies.  They are closing about 100 stores and transitioning to more online sales.  They tend to be able to execute their strategic plans.  She expects a decline in earnings this year and the turnaround will be about 3 years.  She thinks they can weather these types of storms.  Almost a 5% dividend yield.  (Analysts' target: $37.30).

Price:
$29.520
Subject:
US EQUITIES
Bias:
BULLISH on US MARKET
Owned:
Yes
2017-01-30 TOP PICK Urban-Outfitters
URBN-Q
John Stephenson

*Short* They also have 2 other brands, which are 60% of their sales, and those are really struggling. There has been very poor mall traffic. Virtually every department store has been warning. You also have all the cyclicals in vagaries of getting fashion right, which is very hard. (Analysts’ price target is $32.88.)

Price:
$26.050
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-01-30 TOP PICK Wal-Mart-Stores-Inc.
WMT-N
John Stephenson

*Short* Largest retailer globally. A phenomenal company that has had a virtuous cycle of buying for less and selling for less, but unfortunately it is hard to see incremental new growth. It is getting attacked by the Amazons of the world. They do have an e-commerce platform, but it is really not going to move the needle. This could have a very substantial impact if the US border adjustment tax were to come in. Dividend yield of 3.01%. (Analysts’ price target is $73.93.)

Price:
$66.420
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-01-27 TOP PICK Broadcom
AVGO-Q
Kash Pashootan

This is a merger of AVGO and Broadcom, both leaders in the chip space. AVGO was in defence and automotive and Broadcom was mobile. It was the perfect marriage. By coming together, it was the cost synergies, but more so it allowed them to innovate much more quickly by having them under the same umbrella. This is essentially the largest Wi-Fi chip provider. They have established relationships with top of class companies, and it’s a space that continues to grow. Dividend yield of 1.99%. (Analysts’ price target is $215.86.)

Price:
$180.190
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-01-27 TOP PICK Columbia-Banking-System-Inc
COLB-Q
Kash Pashootan

A regional bank, which is the purest play on the US consumer. The catalyst is that they recently made an acquisition of Pacific Continental for $644 million. The share price sold off making it an attractive entry point. Dividend yield of 2.14%. (Analysts’ price target is $43.80.)

Price:
$44.760
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
2017-01-27 TOP PICK CSX-Corp
CSX-Q
Darren Sissons

It is rumoured that Hunter Harrison is taking over the reins for this rail. Should he do that, even with the 20% upside we have seen in this last week or so, the operating metrics will improve, and the outlook for the stock would be significantly higher. Dividend yield of 1.5%. (Analysts’ price target is $43.41.)

Price:
$48.060
Subject:
GLOBAL EQUITIES & TECHNOLOGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-27 TOP PICK Novo-Nordisk
NVO-N
Darren Sissons

The market leader in insulin for Type1 and Type2 diabetes. It has had a huge correction like a lot of the drug stocks, on the back of the Trump regime. The stock is down about 30%. Thinks the rate of growth is going to be less than it was in the past, but longer-term this is a good story. It also has a hemophilia drug. Dividend yield of 2.53%. (Analysts’ price target is $35.10.)

Price:
$35.780
Subject:
GLOBAL EQUITIES & TECHNOLOGY
Bias:
UNKNOWN
Owned:
Yes
2017-01-27 TOP PICK Toronto-Dominion
TD-T
Kash Pashootan

He looks at this as a US bank, as over 50% of their revenue comes from the US. He likes the US banking sector. This is a way of capitalizing on the US financial space, but by owning a Canadian bank, the dividend you receive qualifies for the dividend tax credit. Dividend yield of 3.23%. (Analysts’ price target is $68.39.)

Price:
$68.160
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 120 of 23,562 entries
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