Owns none, but has a file going on the big money-centre banks. Watched earnings flow in this week. Broadly speaking, results were all pretty good, with investment banking doing better than traditional banking.
Favours Canadian banks instead. Total addressable market is smaller, but it's a de facto oligopoly where 6 banks have 95% market share. Margins are higher, credit cycles are more muted.
This week were 17 Stock and 3 ETF Top Picks in a wide range of industries: ETF, Basic Materials, Financials, Energy, Technology, Consumer, Utilities, Industrials and Healthcare. Here are this week’s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki,… read more
With Allan Tong
A day after cool U.S. inflation data triggered a strong rally, American stock gave back part of those gains as the TSX continued to rise. The Canadian index added 0.23% as most sectors rallied. Tech, staples and especially utilities rose while energy sank.
Major movers on Bay Street included Richelieu Hardware popping 5.05%, Northland Power 4.41%, Tamarack Valley Energy -4.68%, SSR Mining 4.63% and First Quantum Minerals -3.8%. Gold advanced US$16 to a lofty US$2,712 an ounce, while WTI gave back 1.7% to US$78.65.
Across the border, the S&P finished Thursday -0.21%, the Nasdaq -0.89% and the Dow -0.16%. The U.S. 10-year yield stayed around 4.61% while Bitcoin inched modestly to US$99,800. Key movers: Nvidia at -1.96%, UnitedHealth -6.04% after a mixed quarter, Morgan Stanley 4.03% as bank earnings continued to roll in, American Tower jumping 5.41% and Dexcom rallying 5.52%.
💾 Richelieu Hardware (RCH-T) +5.05%
💡 Northland Power Inc (NPI-T) +4.41%
🛢 Tamarack Valley Energy (TVE-T) -4.68%
⛏ SSR Mining (SSRM-T) +4.63%
⛏ First Quantum Minerals (FM-T) -3.8%
💾 NVIDIA Corporation (NVDA-Q) -1.96%
👨⚕️ UnitedHealth Group Inc (UNH-N) -6.04%
🏛 Morgan Stanley (MS-N) +4.03%
🏛 American Tower (AMT-N) +5.41%
👨⚕️ Dexcom (DXCM-Q) +5.52%
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
We reiterate VAL, the world's largest offshore rig operator, as a TOP PICK. Its size makes it the go to offshore rig provider during periods of drilling revival -- which we think may be underway again. It trades at 10x earnings, 1.6x book and supports a robust 32% ROE. We continue to recommend a stop at $40, looking to achieve $60 -- upside potential of 23%. Yield 0%
(Analysts’ price target is $60.36)Copper, especially, is going to be needed to fuel the electric world we're moving to and the data centres we keep hearing about. But it's tough to find things to invest in with copper.
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They announced after today's close that they're accelerating the spin-off of a division and keeping the other. This will bring out more value. Worth holding onto.
What Type of Investor Are You?
Willingness to accept risk
An investor's willingness to accept risk relates to whether they are a risk-seeking individual or not. This piece caters more to the psychological side of things such as how much volatility they can withstand and what kind of returns they expect. It also looks at what an investor wants to get out of their portfolio.
Ability to accept risk
This piece focuses more on the facts of one's financial situation and less on the qualitative side. This looks at items like age, knowledge/experience, portfolio size, employment status and salary. Someone who is more able to accept risk is someone who is young, gainfully employed, understands investing and has a large portfolio to begin with.
Willing versus Able
Of course, just because someone is able to accept risk does not mean they are willing. You could be a conservative natured person but have a large portfolio. So the two items do not always align and this can cause problems.
Typically, the more conservative outcome of willingness or ability trumps the other. A lot of investing comes down to psychology and if you are not comfortable with your asset allocation (i.e. willing), you will make the wrong decisions at the wrong time no matter how wealthy or young you are. However, just because you may think you are willing to take on a lot of risk, if your portfolio is too small, you literally might not be able to take those risks that you want to! So again, generally, the more conservative result of risk willingness and ability wins out.
Once an investor has an understanding of these factors, they can then determine what investor type they are (balanced, income, conservative, etc.). From here, you can then determine how to actually structure a portfolio that matches your investment style.
Understanding yourself and your goals should really be the first step when building a portfolio. While we cannot know the ins and outs of your situation like an advisor can, this questionnaire offers a good starting point for an investor to think deeper about their investor type. Finally, if your advisor has not done some kind of questionnaire that is at least as rigorous as the one we provide, they are probably not doing their job!
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With Allan Tong
Consumer inflation clocked in the U.S. at 2.9% in December year-over-year, while core inflation was 3.2%, both meeting the street’s expectations. However, December’s figure was higher than November’s 2.7% though core inflation was 3.3% in previous months. Despite the mixed result, markets rallied in New York and Toronto. The S&P jumped 1.83% or 100 points, the Dow 1.65% while tech led the Nasdaq 2.45% higher.
As the U.S. 10-year yield reversed direction and slipped to 4.655%, Nvidia rose 3.4%, Tesla leapt 8.04%, Bank of New York 8.03% as bank earnings kicked off, and Intuitive Surgical rallied 7.65%. However, Lululemon sank 3.11%. Bitcoin bounced 3.5% to US$99,800.
In Toronto, the TSX advanced 0.82% or 200 points as all but two sectors rallied. Tech, real estate and financials soared while telcos lagged the most. Major movers: Stella-Jones 6.9%, Colliers 5.47%, Celestica 3.96%, TD 0.94% as the most active, while First Majestic Silver sank 4.05%. Gold added US$17 to US$2,695 as WTI rose US$3 to US$80.50 to extend its streak.
💾 NVIDIA Corporation (NVDA-Q) +3.4%
🚗 Tesla Inc (TSLA-Q) +8.04%
🏛 Bank of New York Mellon (BK-N) +8.03%
🧫 Intuitive Surgical Inc. (ISRG-Q) +7.65%
🛍 LuLulemon Athletica (US) (LULU-Q) -3.11%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.5%
🌲 Stella-Jones Inc. (SJ-T) +6.9%
🏛 Colliers International Group (CIGI-T) +5.47%
🧬 Celestica Inc (CLS-T) +3.96%
🏛 Toronto Dominion (TD-T) +0.94%
🥈 First Majestic Silver (AG-N) -4.05%
Canada's largest provider of frac sand. Demand for frac sand is quite high, especially with LNG coming on. Executing very well. Refinanced debt at lower rate, pushing it out to 2029. Easily an $18-20 stock in the next year. US and potential Canadian governments are much more pro-energy. No dividend.
(Analysts’ price target is $18.00)
Nice thing about Canadian market structure is that it's an oligopoly with essentially 3 big players -- RCI.B, Telus, and BCE -- and they all compete for market share. Smaller names have not been able to erode market share from the big 3. These names are good for letting you sleep at night.
Lots of technical change happening such as how phones are being used by the younger generation. If you want to get more into the technology side of telecom, there are more interesting places to go than just those big players. For instance, STC for more growth.
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🚚 Industrials ⚡ Energy 🛢 Basic Materials 👨⚕️ Healthcare 🛍 Consumer 💻 Technology 🏛 Financials 52-Week Low TSX Stocks Here’s this week’s 52-week lows stocks on Stockchase… 🚚… read more
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Our PAST TOP PICK with TRDA has triggered its stop at $16. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 12%, when combined with our previous guidance.
With Allan Tong
Markets in Toronto and New York ended their losing streaks, but also failed to rebound. The S&P was flat, gaining six points, the Dow advanced 0.52%, the Nasdaq -0.23% and the TSX 0.14% in mixed trading. On Bay Street, materials led the way up, but were balanced by losses in staples and telcos.
Major movers on the TSX were Enbridge, up 1.23%, BCE -2.97% after a downgrade, Cogeco -5.93%, Fortuna Silver Mines 7.38% and SilverCrest Metals 6.83%. Gold climbed US$13 to US$2,676 while WTI gave back a dollar to US$77.80.
The U.S. 10-year yield stalled beneath 4.8% as Bitcoin popped 2.5% to US$96,550. Key names on Wall Street included Tesla at -1.72%, Vistra 5.17%, Charles River Laboratories -6.34%, United Rentals 5.91% and Eli Lilly -6.59% after cutting revenue guidance. Investors are looking forward to U.S. bank earnings tomorrow.
🛢 Enbridge (ENB-T) +1.23%
📱 BCE Inc. (BCE-T) -2.97%
📡 Cogeco Communications (CCA-T) -5.93%
⛏ Fortuna Silver Mines (FVI-T) +7.38%
🥈 SilverCrest Metals Inc (SIL-T) +6.83%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%
🚗 Tesla Inc (TSLA-Q) -1.72%
💡 Vistra (VST-N) +5.17%
💊 Charles River Labs Intl (CRL-N) -6.34%
🏛 United Rentals (URI-N) +5.91%
🧫 Eli Lilly & Co. (LLY-N) -6.59%
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