Enbridge, National Bank of Canada and More at 52-week Highs and Lows (Nov 27-Dec 03) - The TSX edged up in response to higher oil prices yesterday. Enbridge (ENB-T) is trading at their 52-week h...
Battle of the Stocks : Walmart vs Target and Microsoft vs Amazon - We continue the Battle of the Stocks this week with a new round of American names. With the holiday shoppin...
Bank of Montreal, Dollarama Inc. and More Earnings Reports this Week (Dec 02-06) - Last week, the stock market closed on better news and hopes of trade tensions easing. However, there seems ...
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Stocks In The News
Daily Market Highlights
 | 5/Dec | Dollar General Corp.
lifts profit forecast
| ||
 | 5/Dec | Toronto Dominion
sees profit drop
| ||
 | 5/Dec | Canadian Imperial Bank of Commerce
sees profit drop
| ||
 | 5/Dec | Tiffany & Co. New
misses estimates
| ||
 | 5/Dec | Bayer AG
to collaborate on hemophilia treatments
|
Latest Stock Opinions and Top Picks from Market Call Guests
NORTH AMERICAN - LARGE
Top Picks
The TSX edged up in response to higher oil prices yesterday. Enbridge (ENB-T) is trading at their 52-week h...
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BIG WIN
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HORIZON
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NORTH AMERICAN - LARGE
It's peaked for years at 4x its book value without breaking through. But when they announced they were streaming, the stock broke out. We've had a speculative buy signal just as earnings forecasts are tailing off. As long as it holds at $140 support, you're safe. Fundamentals vs. technical data.read more
The stock has risen to a critical technical level, a few bucks away from a major peak. A great company, but the ROE and growth rate are merely okay. GOOG tends to reach a limit then suffer a setback. It needs to break through. It's interesting that the founders just stepped down, but doesn't know what the subtext is.read more
Top Picks
Pays a nice dividend. FMV is way above the current price, 167% higher. Good Balance sheet. Book value is in an uptrend. PB is very cheap. $26.50 is resistance, so watch that, but it has busted past that before. If so, it should reach $31-32. Are expanding international. Growing earnings. What's not to like. (Analysts’ price target is $29.91)read more
We continue the Battle of the Stocks this week with a new round of American names. With the holiday shoppin...
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SEASONAL & TECHNICAL
Seasonal now? Typically bank stocks drift higher entering earnings season, so this is normal. Even though BNS match estimates, it sold off. Normal. That said, bank stocks can still do well, though he advises rotating from Canadian to American banks which enjoy more runway. $71 is support, which previously was the resistance level. BNS is holding up well with income growth.read more
Auto stocks are seasonal from March-mid-July. There's nothing overly negative with LNR until then. Technically, this has been in a long-term downtrend, this and the whole auto space given sagging car sales. There's a bump at Christmas time for auto-related, though. Momentum is waning to the downside, which is positive. Maybe we're finding a bottom. LNR has to break above $45 which may mark a rebound rally. Cheap valuation.read more
Energy bottoms this time of year, tax-loss season. Dec. 26-May 24 is seasonality for WCP. Technically, it looks encouraging, with a double bottom. It's approaching the 200-day moving average of $4.30; if it breaks above this, WCP can have runway ahead. However, there's still five days of excess oil supply in the States. A production cut would be a catalyst, but there remains excessive inventory of world oil. Seasonality: good. Fundamentals: unknown.read more
(A Top Pick Oct 03/19, Up 6%) A play on construction whose seasonality is end-October to February. This is trending higher, supported by major moving averages. He's buying into what goes into building new homes, like lumber which he's done very well with. Even 12 months ago, ITB outperformed, and it has since gone straight up since then. It's exhausted its run, so he's looking for something with juice.read more
Top Picks
This is the catch-up trade, anticipating the rotation from the winners to the losers. The Russell has underperformed this year but has just broken out. There was a massive consolidation this summer. He wouldn't be surprised if a wider pullback, pulled this back too. Nov.9-April 3 is seasonality for the Russell 2000.read more
It pays out 3% of revenues from the 900 A&W locations in Canada. Same-stores have grown 6.9%. The royalty rate doubled in recent years. This became parabolic, then consolidated this year. Momentum indicators point higher. Dec. 6-March 10 is seasonality. Fundamentals and technicals are good. (Analysts’ price target is $45.00)read more
Last week, the stock market closed on better news and hopes of trade tensions easing. However, there seems ...
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Today's Market Outlook
Brian Acker, CA
Market. There is a bull market in the US currency. He sees the US dollar way outperforming any other currency. Going forward we only need a couple of pieces of good news and it will take off. After five years of negative yields in Europe, the whole banking sector is putting that into effect. It is a mess. Japan is a tough spot to be. The US dollar is the place to be going forward. All assets priced in US dollars will do very well. There is a countdown for the recession. Once the US dollar starts to go up it suck up funds from all over the world. The US market may 'melt up'. Canada is setting up to be the laggard. If the TSX doubled it would still be a laggard in the world.
More market comments
Market Comments
Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
December 5, 2019
Model price is $98.36 or 124% upside. He has seen it go down the last two and a half years. It will bottom at $38.20. He sees a little bit of down side so if you are a long term holder, buy half and if it goes down then buy the other half or do so if it goes up to $46.80.
Model price is $98.36 or 124% upside. He has seen it go down the last two and a half years. It will bottom at $38.20. He sees a little bit of down side so if you are a long term holder, buy half and if it goes down then buy the other half or do so if it goes up to $46.80.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
$44.200
Unknown
DON'T BUY
DON'T BUY
December 5, 2019
He would not buy here. His model price is $17.96 or -5%. This valuation is stretched. At $13 it would be an excellent buy.
He would not buy here. His model price is $17.96 or -5%. This valuation is stretched. At $13 it would be an excellent buy.
BUY WEAKNESS
BUY WEAKNESS
December 5, 2019
At the end of the day, the FED is just printing money. They are trying to focus on the REPO market. He is positive about the stock. It is in the top 100 of the S&P 500. This stock ticks all the boxes. Model price is $75.28, -11% but certainly on a pullback would be a buyer.
At the end of the day, the FED is just printing money. They are trying to focus on the REPO market. He is positive about the stock. It is in the top 100 of the S&P 500. This stock ticks all the boxes. Model price is $75.28, -11% but certainly on a pullback would be a buyer.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
$84.410
Unknown
HOLD
HOLD
December 5, 2019
He owns this as well as SU-T. His model price is a 2.5% upside at $38.37 for CNQ-T. The fundamentals and price action are really squeezing it here. $31.50 would make him a buyer. Otherwise it has to show him by breaking through at $28.40.
He owns this as well as SU-T. His model price is a 2.5% upside at $38.37 for CNQ-T. The fundamentals and price action are really squeezing it here. $31.50 would make him a buyer. Otherwise it has to show him by breaking through at $28.40.
HOLD
HOLD
December 5, 2019
He went all in on US banks when Trump was elected. After last year they traced back. He still has positions in two others but there is nothing wrong with this one.
He went all in on US banks when Trump was elected. After last year they traced back. He still has positions in two others but there is nothing wrong with this one.
DON'T BUY
DON'T BUY
December 5, 2019
He said to get out last year and he still feels you should get out. -61% in terms of value from his model price. The dividend is not safe. There are no earnings here and it could fall another 50% again next year.
He said to get out last year and he still feels you should get out. -61% in terms of value from his model price. The dividend is not safe. There are no earnings here and it could fall another 50% again next year.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
$19.100
Unknown
BUY WEAKNESS
BUY WEAKNESS
December 5, 2019
$111.65 is his structural level. It will stay where it is until there is some news. He would add here as his model price is $135.44 or an 18% upside. He would nibble here.
$111.65 is his structural level. It will stay where it is until there is some news. He would add here as his model price is $135.44 or an 18% upside. He would nibble here.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
$114.830
Unknown
HOLD
HOLD
December 5, 2019
We have had a big run up. His model price is $79.37 so he would look more at Walgreens now.
We have had a big run up. His model price is $79.37 so he would look more at Walgreens now.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
$74.480
Unknown
BUY
BUY
December 5, 2019
He recommends it and still owns it. It will take a while for the acquisition to be digested.
He recommends it and still owns it. It will take a while for the acquisition to be digested.
PAST TOP PICK
PAST TOP PICK
December 5, 2019
(A Top Pick Feb 08/19, Down 4%) This one has ever been cheaper. This is a value/contrarian play. It is one of the best managed companies in the world.
(A Top Pick Feb 08/19, Down 4%) This one has ever been cheaper. This is a value/contrarian play. It is one of the best managed companies in the world.
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