UnlockRatingBuy financials (banks) ahead of the stimulus package that is coming (though he expects after the Nov. 3 vote). And if interest rates, banks will only rise further.
UnlockRatingBilly Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. We could see some tax loss selling in US tech stocks, especially come January. However, the volatility should be fairly short lived. If you hold these stocks long, there is no reason to worry and investors should just ride it out. Unlock Premium - Try 5i Free
UnlockRatingWhen you see the pricing mechanism of the market, it gives a lot of credit to visibility and predictability. The market is moving closer to that clarity. The US election is coming up, and a lot of people are waiting on that. The market goes up most of the time though. Economic engine is pushing for growth. One's primary position in the equity market should be invested.
MercadoLibre, Graphic Packaging Holding Company and 23 Stock and 1 ETF Top Picks (Oct 16-22)
This week there were 23 Stock and 1 ETF Top Picks in a wide range of industries: Technology, Financials, Industrials, Consumer,, Healthcare, ETF and Energy. Here are this week’s Top Picks as selected by: Kim Bolton, Stan Wong, Paul MacDonald,… read more
UnlockRatingWe are being rewarded with the recent pullback of this buy on weakness target following recent earnings. EPS hit $2.01, missing analyst expectations for $2.05; however, carloads jumped 19% over the quarter. The company operates the 2nd largest rail network in the US. Revenues have been impacted lately by pandemic related drops in shipping, but the company is essential to products moving again once the economy finds its footing. Already retailers and manufacturers are reporting sizable inventory declines, which is surely going to lead to an urgent need to ship more supplies. It pays a nice dividend and has a safe payout ratio of less than 50% cash flow, which means you get paid to wait for the recovery. We would trade this with a $160 stop-loss, looking to a technical target near $225 -- 20% upside. Yield 1.95% (Analysts’ price target is $212.44)
UnlockRatingAny clouds on the horizon for tech stocks? Lots of uncertainty will create market turbulence. Trump testing positive, US-China trade, anti-trust actions, another potential Covid wave, lapse in fiscal stimulus, chances of a Democrat sweep, threat of drawn-out voting process. He's up 24% this year, but not letting down his guard. He's 80% invested, with 20% cash. A lot of stocks have touched his price target, so he's ended up with a cash position. Cloud, semiconductors, software applications are the main themes, with lots of moving parts.
UnlockRatingWatch for a pullback in the DIY Bull market leading up to the Nov. 3 vote: It was recently spun out by United Techologies. Best know for making air conditioners. Home appliances like this are enjoying the current stay-at-home, home improvement trend.
UnlockRatingBilly Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. How the market will react after the vaccine becomes available is still unclear. It needs to be distributed and used even after a vaccine is authorized. Post-vaccine, economies could see more confidence and there might be a wave of spending from households and businesses. The economy should lean towards a slow and steady grind higher than a discrete jump. Unlock Premium - Try 5i Free
UnlockRatingUpside in work from home stocks? He'd put more emphasis on dividend growers, than just the highest dividend. Areas to focus on are e-commerce, health sciences, cloud computing, changes in how we shop, stay at home.
Canadian National R.R., TFI International Inc and More at 52-week Highs (Oct 14-20)
Markets are holding its breath for a stimulus bill from the US, with the deadline on Tuesday. If there is no agreement for stimulus, markets could see much volatility going into the election. Gold has remained relatively flat while oil… read more
