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Stocks In The News
Daily Market Highlights
 | 17/Jun | Airbus
launches long range A321
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 | 17/Jun | Facebook
crypto plans pushes Bitcoin to $9K
| ||
 | 17/Jun | Alibaba Group Holding
proposes stock split
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 | 17/Jun | Walt Disney
getting a rare downgrade
| ||
 | 17/Jun | Canopy Growth Corp.
and Canadian cannabis companies getting ready for new drug formats
|
Latest Stock Opinions and Top Picks from Market Call Guests
TECHNICAL ANALYSIS
The stock's uptrend has recently broken down. He likes the longer term up channel that has formed since early 2018 with higher significant lows, but thinks it may take time before it regains its momentum to the upside. The TMX announcement later today may impact the share price significantly.read more
Top Picks
The stock market opened flat this week as investors wait for the Federal Bank policy meeting outcome. Analy...
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TOP PICKS
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BIG WIN
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HORIZON
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NORTH AMERICAN - LARGE & ETFs
When you get a return of capital you are getting some of your own money back. In the next downturn, this will probably lose in the range of 30%. It's a fine ETF and the distributions are bigger than the underlying holdings. He does not like it from a couple of perspectives but there is nothing else wrong with it.read more
It is the most overvalued sector but AAPL-Q does not fall into that. It still has massive amounts of cash and from that prospective is quite cheap. The issue is the Chinese trade deal because a lot of their growth (1/3rd) is from international. He would be thinking about lightening up, selling rallies. It is unlikely that this bull in it will continue.read more
Top Picks
This week there were 20 Top Picks and 7 ETF in a wide range of industries: Consumer, ETF, Technology, Finan...
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CANADIAN LARGE
We are beginning to see a little bit of a war in the telecommunication industry. We may be into a little bit of a price war. They have not competed to date as well with BCE's fiber to the home. When these guys fight for market share that is the time to look at cash flow. He'd be hesitant to invest in this one if going into the group.read more
It is a good buy at these levels. It is under pressure with world oil prices. It is an extremely well run company and internationally diversified. Their payout ratio is on the high side. Debt to cash flow is a little above industry norms but not significant. The dividend is secure, at least for the time being.read more
It has been one of his favourite Quebec companies for some time. It has run to the extent where he is considering taking some profits. We are going to see much more turn-over and replacement for aircraft and that means demand for CAE. Increased pilot retirement will also create more demand for CAE products. (Analysts’ price target is $36.00)read more
They have been an amazing company in terms of expansion in terms of both acquisition and organic growth. We have seen significant increases in pricing they have at convenience stores. On the other hand, their multiples are getting high. He'd be careful just based on valuation at this juncture.read more
Top Picks
They have been undergoing a fair amount of change. Their bakery business is a tiny part of their business but is getting the most focus when people look at them. They have been undergoing a dramatic shift over the last couple of years, rationalizing product lines and building new facilities. He thinks we will see an improvement in profitability. From time to time they have modest dividend increases. He would prefer it a little under $100. (Analysts’ price target is $113.83)read more
There is friction with two US projects, but it is noise in the current environment. They have consistently raised their dividends. You can buy this today with a 6.5% yield and they will be in a position to continue increasing it over the next few years at least. If we had a better environment in Canada for pipelines it would boost this one as well as the other pipelines. (Analysts’ price target is $55.09)read more
Dividend stocks are companies that pay out a portion of their revenues to stakeholders. They make for a gre...
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BIG WIN
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Today's Market Outlook
Javed Mirza
Market Outlook He suggests putting money into the "risk-on" assets. The market was weakening back in April and had cautioned clients pause. Now they believe an intermediate low has been established and are recommending capital be redeployed back into the market. Today's price action is likely a signal we are about to move to new all time highs. This includes getting back into the crude oil space -- especially the integrated companies.
More market comments
Market Comments
Signal
Opinion
Expert
SELL STRENGTH
SELL STRENGTH
June 18, 2019
It continues to be under pressure and they believe commodities are challenged longer term. Here they saw a multi-month rally which could show upside into September. This could rally back to key resistance near $3.50 followed by a resumption of the bear trend. He would sell into this rally.
It continues to be under pressure and they believe commodities are challenged longer term. Here they saw a multi-month rally which could show upside into September. This could rally back to key resistance near $3.50 followed by a resumption of the bear trend. He would sell into this rally.
HOLD
HOLD
June 18, 2019
He likes the chart and added to their position a few months ago. The recent sharp price move higher is signalling a need for time to digest the move. He expects another move higher shortly.
He likes the chart and added to their position a few months ago. The recent sharp price move higher is signalling a need for time to digest the move. He expects another move higher shortly.
WAIT
WAIT
June 18, 2019
It is trading near long term key support at $20 and appears to be building a good base. A breakout to the upside would signal a potential move towards $40. He would wait for the break out through about $25 before entering.
It is trading near long term key support at $20 and appears to be building a good base. A breakout to the upside would signal a potential move towards $40. He would wait for the break out through about $25 before entering.
PARTIAL SELL
PARTIAL SELL
June 18, 2019
It is in a longer term down trend since early 2018. He thinks gold may be forming an intermediate peak and could face a resumption of the bear trend soon over the next month or two. He would be taking profit here and buy back later after the pullback.
It is in a longer term down trend since early 2018. He thinks gold may be forming an intermediate peak and could face a resumption of the bear trend soon over the next month or two. He would be taking profit here and buy back later after the pullback.
SELL
SELL
June 18, 2019
A sell. It has been in a longer term down channel since 2017. Compared to the relative market it has become a value trap and the stock is unloved.
A sell. It has been in a longer term down channel since 2017. Compared to the relative market it has become a value trap and the stock is unloved.
WATCH
WATCH
June 18, 2019
The stock's uptrend has recently broken down. He likes the longer term up channel that has formed since early 2018 with higher significant lows, but thinks it may take time before it regains its momentum to the upside. The TMX announcement later today may impact the share price significantly.
The stock's uptrend has recently broken down. He likes the longer term up channel that has formed since early 2018 with higher significant lows, but thinks it may take time before it regains its momentum to the upside. The TMX announcement later today may impact the share price significantly.
SELL
SELL
June 18, 2019
The chart remains in a long term down trend, making newer lower lows. A sell.
The chart remains in a long term down trend, making newer lower lows. A sell.
BUY WEAKNESS
BUY WEAKNESS
June 18, 2019
Is gold hitting resistance? Gold prices are testing key resistance again at $1350 /oz. He thinks a pullback may be coming back towards $1300 soon and reaccelerate later in the summer to potentially test $1400 or higher. Trading in the mining space seems to suggest the smart money is heading for the exit right now. If you are patient you may be rewarded handsomely. FNV is a good quality holding for the space. The return to highs near $110 are looking a little long in the tooth. He would be patient to try to enter near $100 per share.
Is gold hitting resistance? Gold prices are testing key resistance again at $1350 /oz. He thinks a pullback may be coming back towards $1300 soon and reaccelerate later in the summer to potentially test $1400 or higher. Trading in the mining space seems to suggest the smart money is heading for the exit right now. If you are patient you may be rewarded handsomely. FNV is a good quality holding for the space. The return to highs near $110 are looking a little long in the tooth. He would be patient to try to enter near $100 per share.
PAST TOP PICK
PAST TOP PICK
June 18, 2019
(A Top Pick Mar 15/19, Up 16%) He sees it continuing to press higher. He would continue to hold it as it is consolidating before an expected further push higher.
(A Top Pick Mar 15/19, Up 16%) He sees it continuing to press higher. He would continue to hold it as it is consolidating before an expected further push higher.
PAST TOP PICK
PAST TOP PICK
June 18, 2019
(A Top Pick Mar 15/19, Up 6%) He thinks over the next couple of weeks, gold prices will retrace and he would look to buy into the weakness.
(A Top Pick Mar 15/19, Up 6%) He thinks over the next couple of weeks, gold prices will retrace and he would look to buy into the weakness.
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