CVS Health Corp,Amadeus IT Group and 12 Stock Top Picks (Jun 26-Jul 02) - This week there were 12 Stock Top Picks in a wide range of industries: Basic Materials, Energy, Healthcare,...
Top 3 Infrastructure Stocks to Buy: Brookfield Stock Shouldn’t be Alone in your Portfolio - Truth is, the infrastructure process is notoriously slow in both Canada and USA, but recent commitments sig...
Alamos Gold Inc, Jamieson Wellness and More at 52-week Highs (Jun 24-30) - The S&P 500 and NASDAQ are about to post the best quarterly performance in a decade, recovering from the se...
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Daily Market Highlights
 | 3/Jul | Le Chateau Inc. (A)
starts work on producing hospital gowns
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 | 3/Jul | Nestle
selling bottled water business
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 | 3/Jul | Facebook
accused of systemic discrimination
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 | 3/Jul | Unilever NV
changes name of skin-whitening cream
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| 2/Jul | Facebook
to discontinue TikTok clone
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Latest Stock Opinions and Top Picks from Market Call Guests
INFRASTRUCTURE
Tax differences? For a Canadian investor, there really is not much difference between BIP.UN and BIPC. US investors face different issues regarding limited partnerships. It was a strategy by Brookfield to increase liquidity and it is why BIPC trades at a premium to BIP.UN -- it was also added to the Russell Index. If you are a Canadian investor, stay with BIP.UN as it has a higher yield.read more
Tax differences? For a Canadian investor, there really is not much difference between BIP.UN and BIPC. US investors face different issues regarding limited partnerships. It was a strategy by Brookfield to increase liquidity and it is why BIPC trades at a premium to BIP.UN -- it was also added to the Russell Index. If you are a Canadian investor, stay with BIP.UN as it has a higher yield.read more
Keystone XL seems like an never ending project and he thinks it is a coin toss. Presidential candidate Biden is on record saying he will kill it. The TRP shares price are not reflecting any value from the pipeline project, he thinks. He is under weight energy at this point, however, he considers this an excellent name.read more
A small midstream infrastruture player with about $200 million market cap. They just had a significant new equity partner come in (buying 24%) that focuses on private equity investing. This has helped TWM share prices. TWM has adjusted some operations and has sold some assets to TRP to help pay down debt. They are seeing good margins on facilities in BC.read more
An oil-sands transportation business, which also holds some storage assets in Europe. Its flagship business is a petrochemical facility in the Heartland region of Alberta. It trades at a discount to its peers, because the petrochemical plant brings uncertainty -- namely, they have not disclosed how much of the plant's capacity is contracted and there is no partner. It is a massive capital project. He does not own this. They have raised debt and cut the dividend 70%. He might be inclined to buy if it dropped another 15%.read more
(A Top Pick Jul 08/19, Up 62%) He still owns it. The market at the time was not giving fair value for the wind generation revenues of the company. In the past 4 consecutive quarters there was generation growth and the critics were put to rest. They have added several onshore wind projects in France and a solar project in New York.read more
Top Picks
A holding company for a renewable assets, transmission lines and water desalination assets. When the stock market has rebounded, despite uncertainty, he sees this as a defensive holding. He likes the yield and thinks it could grow by double-digits this year. They are a strong ESG candidate for a portfolio. Yield 5.5% (Analysts’ price target is $31.25)read more
He wants to be defensive right now. A multi-utility operating in Canada and the US. 99% of their assets are protected, so this protects them from volume declines and they have no exposure to commodity prices. They have increased the dividend for 46 years consecutively. Yield 3.66% (Analysts’ price target is $57.71)read more
This week there were 12 Stock Top Picks in a wide range of industries: Basic Materials, Energy, Healthcare,...
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NORTH AMERICAN - LARGE & ETFs
We are past the 'best-before' date and core investments in energy are going to be less and less for institutions and individual investors. You want to wait and see what a second COVID wave will look like as we get into the flu season. The futures curve points back to $50 in 2027. There will be challenges in the sector. He does not feel it is investible.read more
Top Picks
Truth is, the infrastructure process is notoriously slow in both Canada and USA, but recent commitments sig...
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CANADIAN
It is one he quite likes in his Cannabis portfolio. They are the number one selling chocolate infused with THC. They can also infuse it into sugar for baking. The company has been ramping up as of late. Later this year we should see cash flow positive from this company and then it will hit the radar screen of many investors.read more
They should be able to capitalize well on the COVID trend and then the telemedicine trend that will go on. CloudMD has an interesting platform. The stock has not done much in the last 6 weeks. They completed a financing. He suspects people were subscribing and then selling the stock and holding the warrant. He thinks it will continue to do well over the next two years.read more
This is one that is quite interesting. The gold sector has the wind at its back. With all the money being printed by central governments, the stimulus has to go somewhere and it will probably end up being inflationary. They are cashed up and have interesting projects. He thinks it goes higher over time. It could be a potential takeout target over time.read more
This whole area is really quite interesting. The cannabis market was known to be a recreational market but this does not have the same mainstream acceptance as Cannabis. They will be doing research (clinical studies) to come out with new pharmaceuticals to treat mental illness and addiction. It will take multiple years to see the actual drug get to development. If you wanted to have a small piece in your portfolio, you would treat these as lottery tickets.read more
He has been watching the banks. He has a small holding in the banks. He thinks they have a bit of acceleration in them ahead. Helping out people in a negative situation really hurts the banks. If we saw an uptick in interest rates this would be good for the banks. The entire sector is on his radar screen. The yields are fantastic.read more
Top Picks
The precious metals space has tail winds behind it because of all the economic stimulus. They acquired a property in Mexico that had over 500 drill holes so they knew what they were getting into. They are drilling that project out as well as another. Based on what they have in reserve, they are trading at half the multiple of their peers. They will continue to build out. The multiple will begin to come into line with peers. They recently did a financing so the company has a strong balance sheet.read more
It continues to stay in this valuation range. They are in the home medical business. They operate in ten states and have 40 locations. It is a fragmented industry. They have 68% recurring revenue. They have a huge opportunity to consolidate. They can grow through valuation multiple growth and organically. (Analysts’ price target is $2.36)read more
The S&P 500 and NASDAQ are about to post the best quarterly performance in a decade, recovering from the se...
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Today's Market Outlook
Varun Anand
Market Outlook 2020 has been marked by the COVID-19 crisis, both by the plunge and V-shaped recovery and now the rise in cases. We also have a major US election this fall and escalating China trade concerns. Resilient business models, recurring cash flows and manageable debt levels -- exactly where infrastructure stocks fit. They have previously trimmed airport and energy exposures as the dividends are at risk. They are focusing on renewable energy and technology infrastructure, which has resulted in 15 dividend increases this year averaging 7% growth. Cloud computing and remote work location communication are all part of the technology push.
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Market Comments
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Opinion
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COMMENT
COMMENT
July 3, 2020
Tax differences? For a Canadian investor, there really is not much difference between BIP.UN and BIPC. US investors face different issues regarding limited partnerships. It was a strategy by Brookfield to increase liquidity and it is why BIPC trades at a premium to BIP.UN -- it was also added to the Russell Index. If you are a Canadian investor, stay with BIP.UN as it has a higher yield.
Show full opinionHide full opinion
Tax differences? For a Canadian investor, there really is not much difference between BIP.UN and BIPC. US investors face different issues regarding limited partnerships. It was a strategy by Brookfield to increase liquidity and it is why BIPC trades at a premium to BIP.UN -- it was also added to the Russell Index. If you are a Canadian investor, stay with BIP.UN as it has a higher yield.
COMMENT
COMMENT
July 3, 2020
Tax differences? For a Canadian investor, there really is not much difference between BIP.UN and BIPC. US investors face different issues regarding limited partnerships. It was a strategy by Brookfield to increase liquidity and it is why BIPC trades at a premium to BIP.UN -- it was also added to the Russell Index. If you are a Canadian investor, stay with BIP.UN as it has a higher yield.
Show full opinionHide full opinionTax differences? For a Canadian investor, there really is not much difference between BIP.UN and BIPC. US investors face different issues regarding limited partnerships. It was a strategy by Brookfield to increase liquidity and it is why BIPC trades at a premium to BIP.UN -- it was also added to the Russell Index. If you are a Canadian investor, stay with BIP.UN as it has a higher yield.
SPECULATIVE BUY
SPECULATIVE BUY
July 3, 2020
Keystone XL seems like an never ending project and he thinks it is a coin toss. Presidential candidate Biden is on record saying he will kill it. The TRP shares price are not reflecting any value from the pipeline project, he thinks. He is under weight energy at this point, however, he considers this an excellent name.
Show full opinionHide full opinionKeystone XL seems like an never ending project and he thinks it is a coin toss. Presidential candidate Biden is on record saying he will kill it. The TRP shares price are not reflecting any value from the pipeline project, he thinks. He is under weight energy at this point, however, he considers this an excellent name.
COMMENT
COMMENT
July 3, 2020
A small midstream infrastruture player with about $200 million market cap. They just had a significant new equity partner come in (buying 24%) that focuses on private equity investing. This has helped TWM share prices. TWM has adjusted some operations and has sold some assets to TRP to help pay down debt. They are seeing good margins on facilities in BC.
Show full opinionHide full opinionA small midstream infrastruture player with about $200 million market cap. They just had a significant new equity partner come in (buying 24%) that focuses on private equity investing. This has helped TWM share prices. TWM has adjusted some operations and has sold some assets to TRP to help pay down debt. They are seeing good margins on facilities in BC.
BUY WEAKNESS
BUY WEAKNESS
July 3, 2020
An oil-sands transportation business, which also holds some storage assets in Europe. Its flagship business is a petrochemical facility in the Heartland region of Alberta. It trades at a discount to its peers, because the petrochemical plant brings uncertainty -- namely, they have not disclosed how much of the plant's capacity is contracted and there is no partner. It is a massive capital project. He does not own this. They have raised debt and cut the dividend 70%. He might be inclined to buy if it dropped another 15%.
Show full opinionHide full opinionAn oil-sands transportation business, which also holds some storage assets in Europe. Its flagship business is a petrochemical facility in the Heartland region of Alberta. It trades at a discount to its peers, because the petrochemical plant brings uncertainty -- namely, they have not disclosed how much of the plant's capacity is contracted and there is no partner. It is a massive capital project. He does not own this. They have raised debt and cut the dividend 70%. He might be inclined to buy if it dropped another 15%.
PAST TOP PICK
PAST TOP PICK
July 3, 2020
(A Top Pick Jul 08/19, Up 1%) It was acquired on March 13. Accounting for share value and cash, the acquisition was a 30% upside investor opportunity.
Show full opinionHide full opinion(A Top Pick Jul 08/19, Up 1%) It was acquired on March 13. Accounting for share value and cash, the acquisition was a 30% upside investor opportunity.
PAST TOP PICK
PAST TOP PICK
July 3, 2020
(A Top Pick Jul 08/19, Up 62%) He still owns it. The market at the time was not giving fair value for the wind generation revenues of the company. In the past 4 consecutive quarters there was generation growth and the critics were put to rest. They have added several onshore wind projects in France and a solar project in New York.
Show full opinionHide full opinion(A Top Pick Jul 08/19, Up 62%) He still owns it. The market at the time was not giving fair value for the wind generation revenues of the company. In the past 4 consecutive quarters there was generation growth and the critics were put to rest. They have added several onshore wind projects in France and a solar project in New York.
PAST TOP PICK
PAST TOP PICK
July 3, 2020
(A Top Pick Jul 08/19, Down 6%) The broadband business was seen as an infrastructure play. There were a string of broadband revenue growth cycles, but then COVID-19 hit and the theme park part of the business saw revenues fall to zero. There was a recent report suggesting splitting the business into two, and he would favor it. They trimmed their holdings a while ago, but still hold some.
Show full opinionHide full opinion(A Top Pick Jul 08/19, Down 6%) The broadband business was seen as an infrastructure play. There were a string of broadband revenue growth cycles, but then COVID-19 hit and the theme park part of the business saw revenues fall to zero. There was a recent report suggesting splitting the business into two, and he would favor it. They trimmed their holdings a while ago, but still hold some.
DON'T BUY
DON'T BUY
July 3, 2020
He does not consider energy producers to be infrastructure plays as they are exposed to commodity price trends. He prefers to own the midstream businesses.
Show full opinionHide full opinionHe does not consider energy producers to be infrastructure plays as they are exposed to commodity price trends. He prefers to own the midstream businesses.
COMMENT
COMMENT
July 3, 2020
CCI vs AMT? He owns both. They are both tower businesses operating in the US. CCI also has a small cell business -- mini towers in urban centres. 5G will require these small cell towers and this gives more leverage to 5G. However, AMT has more diversification as they have a larger global footprint. Sometimes CCI overstates reporting results, which although not a concern at this time, it does make AMT a little easier to follow. At current valuations, CCI is better value and better positioned for the 5G roll out.
Show full opinionHide full opinionCCI vs AMT? He owns both. They are both tower businesses operating in the US. CCI also has a small cell business -- mini towers in urban centres. 5G will require these small cell towers and this gives more leverage to 5G. However, AMT has more diversification as they have a larger global footprint. Sometimes CCI overstates reporting results, which although not a concern at this time, it does make AMT a little easier to follow. At current valuations, CCI is better value and better positioned for the 5G roll out.
