Stockchase Insights
Stockchase Insights on 5i Research 27/05/2023 at 02:30am

CANADIAN EQUITIES

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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

US Dividends For Canadians: Canadian companies may choose to pay US dividends for a few reasons. Although some companies are being traded in Canadian exchanges, their main operations are in the US. As a result, the majority of its profit and cash flow comes from the US dollars. Therefore, it is more efficient to pay shareholders directly in US dollars instead of converting back to Canadian dollars just for the sake of being listed in Canadian exchanges, which will incur additional expenses from currency conversion and hedges. Secondly, Canadian companies may want to attract a group of investors who want to earn income from US dollars without being subject to foreign exchange fees and currency fluctuation risks, allowing them to reinvest and purchase US securities.

In terms of taxes, Canadian investors get favourable treatment from this source of income, as dividends in US dollars paid by Canadian companies are considered similar to Canadian dividends. As a consequence, this would not be subject to the US foreign withholding tax of 15%, and the accountants just simply convert that US income source into Canadian dollars at an appropriate exchange rate to calculate investors’ total dividend income.
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with Alan Tong

After the close

With Allan Tong

26/05/2023 at 09:46pm

Semis lift Wall Street, banks drag Bay Street

The week ended with stocks rallying across the board, resulting in gains for the week on American markets, but weren’t enough to save the Canadian one. Nvidia’s blockbuster report continued to fuel the boom in semis and tech stocks.

AMD jumped 5.54% on Friday as Intel gained 5.78%. Tesla rose 4.85% as the most-traded stock, and Broadcom leapt 11.55%. The S&P gained 1.3% Friday and 0.35% for the week, the Nasdaq 2.19% for the session and as much for the week, and the Dow advanced 1% Friday but declined 1% for the week. The U.S. 10-year yield held at 3.81% while Bitcoin rose 1.2% to nearly $27,000.

Canadian Western Bank was the latest bank to report and investors sold it off by 5.86%. However, Manulife added 1.35% in heavy trading, CNQ 0.86%, and Capstone Copper 4.45%. The TSX advanced 0.76% Friday but lost over 2% over the week, dragged down by disappointing reports from the big banks.

💾 Advanced Micro Devices (AMD-Q) +5.54%
💾 Intel (INTC-Q) +5.78%
🚗 Tesla Inc (TSLA-Q) +4.85%
🧬 Broadcom (AVGO-Q) +11.55%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.2%
🏛 Canadian Western Bank (CWB-T) -5.86%
🏛 Manulife Financial (MFC-T) +1.35%
🛢 Canadian Natural Rsrcs (CNQ-T) +0.86%
⛏ Capstone Copper Corp (CS-T) +4.45%

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Jason Del Vicario
Jason Del Vicario on Market Call (BNN TV) 26/05/2023 at 08:21pm

NORTH AMERICAN (GROWTH)

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Believes current market prices are presenting good buying opportunities for investors.
High quality companies with predictable cash flows are investors best friend.
Finding value in Japan, UK & Middle East.
Concentrated portfolio is best way to generate alpha for investors. 
Dividends are ok for investors - preference is for share buybacks or re-invested capital.

Top Picks and Opinions
Rob Sechan, Managing Partner, New Edge Capital
Rob Sechan, Managing Partner, New Edge Capital on Halftime Report on CNBC 26/05/2023 at 05:54pm

US EQUITIES

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A great way to play the AI chip gold rush. 30% free cash flow, 44% return on invested capital, double the industry average.

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Jim Lebenthal
Jim Lebenthal on Halftime Report on CNBC 26/05/2023 at 05:53pm

US EQUITIES

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The current boom in AI stocks

The big names like Nvidia won't come down, but the laggards in this space will rally, like NXP, Intel and Qualcomm, if overall economic activity is stronger than expected. This could happen because the labour market remains strong.

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Jenny Harrington, CEO, Gilman Hill Asset Management
Jenny Harrington, CEO, Gilman Hill Asset Management on Halftime Report on CNBC 26/05/2023 at 05:52pm

US EQUITIES

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Shares are down, because people misunderstand this during the debt ceiling debate. Pays an 8% yield and enjoys high barriers to entry. It's an opportunity now.

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Stephanie Link, Chief investment strategist, Hightower
Stephanie Link, Chief investment strategist, Hightower on Halftime Report on CNBC 26/05/2023 at 05:31pm

US EQUITIES

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Took profits, up 60%. Simply profit-taking. The company is doing a great job. Covid in China is worry, so she's being cautious. She may buy this again.

Top Picks and Opinions
Linamar Corp, Polo Ralph Lauren Corp. and 13 Stock and 8 ETF Top Picks (May 19-25)
26/05/2023 at 10:00am

Linamar Corp, Polo Ralph Lauren Corp. and 13 Stock and 8 ETF Top Picks (May 19-25)

This week were 13 Stock and 8 ETF Top Picks in a wide range of industries: Financials, ETF, Consumer, Healthcare, Industrials, Energy and Technology. Here are this week’s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, Daniel Straus, Mike… read more

with Alan Tong

After the close

With Allan Tong

25/05/2023 at 09:26pm

Nvidia soars, Canadian banks sink

Thursday markets were rocked by Nvidia soaring after reporting a blockbuster quarter that beat everyone’s expectations.

When the dust settled, Nvidia had rocketed 24.69%, and lifted other AI-related stocks such as Adobe by 7.19% and AMD by 11.19%. However, Intel sank 5.45% and Dollar Tree slid 11.82%. With tech leading the Wall Street rally, the S&P closed 0.91% higher, the Nasdaq 1.71%, though the Dow was -0.1%. The U.S. 10-year yield rose to 3.82% while Bitcoin added 0.68% to $26,500.

It was a different story on Bay Street as more weak bank earnings pressured the TSX by 0.77%. TD announced a profit decline and was punished by 4.19%. Royal slipped 1.83%, but CIBC rose 2.05%. Elsewhere, Dye & Durham climbed 6.71%. Most sectors were down, led by energy and materials while industrials and only two other sectors gained.

💾 NVIDIA Corporation (NVDA-Q) +24.69%
💾 Adobe Systems (ADBE-Q) +7.19%
💾 Advanced Micro Devices (AMD-Q) +11.19%
💾 Intel (INTC-Q) -5.45%
🛒 Dollar Tree (DLTR-Q) -11.82%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.68%
🏛 Toronto Dominion (TD) (TD-T) -4.19%
🏛 Royal Bank (RY-T) -1.83%
🏛 Canadian Imperial Bank of Commerce (CIBC) (CM-T) +2.05%
💾 Dye & Durham (DND-T) +6.71%

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Keith Richards
Keith Richards on Market Call (BNN TV) 25/05/2023 at 05:47pm

TECHNICAL ANALYSIS

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Dangers of riding a trend.

Things can change, but don't predict, just prepare. For example, just because he observes the tech stocks being overbought, it doesn't mean he should go out and short them today. It just means he's a little cautious. The trend can be OK, but you have to prepare, just in case.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

The Panic-Proof Portfolio (Stockchase Research)
The Panic-Proof Portfolio (Stockchase Research) on Stockchase 25/05/2023 at 03:56pm

NORTH AMERICAN

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(A Top Pick Nov 17/22, Up 0.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BBY has triggered its stop at $70.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 11%, when combined with our previous recommendations.  

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Jim Cramer - Mad Money
Jim Cramer - Mad Money on Mad Money on CNBC 24/05/2023 at 11:42pm

US EQUITIES

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The current debt ceiling crisis reminds him of the crisis of 2011--fears of interest rates shooting up and the economy falling into recession. A month after the debt catastrophe was averted in 2011, investors made a ton of money.

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Stockchase Insights
Stockchase Insights on 5i Research 24/05/2023 at 09:55pm

CANADIAN EQUITIES

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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Broader Implications of AI: AI is not necessarily a new topic, but the practicality of using AI to enhance one’s productivity or knowledge is a new development over the past several months. The rapid onset of AI usability recently has been attributable to two main factors: increased computational power in recent years and a research paper discovering ‘transformer architecture’ written by Ashish Vaswani.

It is still so early in the AI space that it is difficult to fully grasp all of the implications, however, we know that nearly every industry has the capability to integrate AI and improve economic productivity and efficiency, as a result of millions of new AI users in recent months the economic results of these new technologies will occur faster than most believe, and the key is to leverage these technologies rather than reject them. 
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with Alan Tong

After the close

With Allan Tong

24/05/2023 at 09:13pm

Banks drag down TSX

On Wednesday, the first bank reports dragged down the TSX, which closed more than 1% lower and fell below 20,000. BMO reported a serious miss and sank 3.91%. Financials as well as materials and industrials led most sectors down with consumers staples being the only sector enjoying any real gains.

Other major movers were Manulife at -2.23%, Shopify up 1.79% as a rare bright spot and Dye & Durham sliding 8.11%.

On Wall Street, ongoing squabbling in Washington to resolve the lingering debt ceiling crisis continued to wear on American markets. The S&P finished -0.73%, the Nasdaq -0.61%, and the Dow -0.77% to tumble below 32,800. All sectors except energy finished int he red as WTI spiked 1.3% to nearly $74 a barrel. Notable movers were Analog Devices sinking 7.83% after reporting a miss, Palo Alto surging 7.68% after a strong beat, Intuit falling 7.53%, and Netflix gaining 2.47%. Nvidia reported after the bell and shares soared after hours. The U.S. 10-year yield was 3.734%, and Bitcoin slid 3.5% to $26,200.

🏛 Manulife Financial (MFC-T) -2.23%
🛍 Shopify Inc. (SHOP-T) +1.79%
💾 Dye & Durham (DND-T) -8.11%
💾 Analog Devices (ADI-Q) -7.83%
💾 Palo Alto Networks (PANW-N) +7.68%
💻 Intuit Inc. (INTU-Q) -7.53%
📺 Netflix Inc. (NFLX-Q) +2.47%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -3.5%

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Bruce Murray
Bruce Murray on Market Call (BNN TV) 24/05/2023 at 05:29pm

NORTH AMERICAN (GROWTH)

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Debt ceiling impact.

A political event. If they don't pay the bills, the system will come down and both parties know that. It will get resolved, but it's a matter of who can extract the most from the other before the deadline.

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Savaria Corp, ATS Automation and More at 52-week Highs & Lows  (May 17-23)
24/05/2023 at 10:00am

Savaria Corp, ATS Automation and More at 52-week Highs & Lows (May 17-23)

Stocks Fall as Investors Look Towards Debt Ceiling. Major stock indexes fell Tuesday, following debt ceiling talks in Washington that ended on a positive note on Monday – but without a resolution. 52 week highs included Savaria Corp & ATS… read more