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Stocks In The News

Daily Market Highlights

Apple
17/Sep
Apple says EU tax order defies reality and common sense
Chipotle Mexican Grill
17/Sep
Chipotle Mexican Grill adds new menu item
Sony Corp. ADR
17/Sep
Sony Corp. ADR rejects activist’s proposal for spin-off
Shopify Inc.
17/Sep
Shopify Inc. expanding its cannabis e-commerce platform
PG&E Corp
13/Sep
PG&E Corp reaches $11 billion settlement

Latest Stock Opinions and Top Picks from Market Call Guests

Tue
Sep 17
NORTH AMERICAN - LARGE
Tue
Sep 17
PERSONAL FINANCE & ETFs
Premium
TOP PICKS
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BIG WIN
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HORIZON
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Top Picks
This week there were 26 Stock Top Picks and 3 ETF in a wide range of industries: Financials, ETF, Healthcar...   read more

Today's Market Outlook

Tue
Sep 17
2019 has been a pretty good year for North American stocks, though there's no shortage of things that have scared people. Investors are bidding up companies that can grow. Watch for market pullbacks, since it's getting harder to find things to buy. Low bond yields are pushing people into buying stocks. Meanwhile, volatility has gone up. Pick your stocks, set a price and jump on them when the pullbacks happen.
Signal
Opinion
Expert
COMMENT
COMMENT
September 17, 2019
They converted from an LP to a corporation which attracted a different shareholder base (index funds). This shift spiked their valuation. He owns BAM instead, which shares the same drivers as BX: low yields, pension plans and institutional investors. These stocks are essentially synthetic bonds with assets. Trades at 15x forward distributed earnings. BX is a well-run company in a shareholder-friendly space.
Blackstone Group LP (BX-N)
September 17, 2019
They converted from an LP to a corporation which attracted a different shareholder base (index funds). This shift spiked their valuation. He owns BAM instead, which shares the same drivers as BX: low yields, pension plans and institutional investors. These stocks are essentially synthetic bonds with assets. Trades at 15x forward distributed earnings. BX is a well-run company in a shareholder-friendly space.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$53.520
Owned
No
DON'T BUY
DON'T BUY
September 17, 2019
A strong performer over the long term, but he's wary of it now. We're starting to see softness in the end markets; TFII is very economically sensitive and economic growth is slowing. Better to buy this when the economy is rebounding. As logistics grow more sophisticated, they have to invest more, and the bigger companies are better suited (can afford) for that investment.
A strong performer over the long term, but he's wary of it now. We're starting to see softness in the end markets; TFII is very economically sensitive and economic growth is slowing. Better to buy this when the economy is rebounding. As logistics grow more sophisticated, they have to invest more, and the bigger companies are better suited (can afford) for that investment.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$40.570
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
September 17, 2019
Very well-run with a great balance sheet. All three operating segments are showing strong growth, starting with the cloud. It trades at 25x earnings ex-cash, which is rich. So, wait for a pullback at 22x earnings. They return a lot of capital to shareholders.
Microsoft (MSFT-Q)
September 17, 2019
Very well-run with a great balance sheet. All three operating segments are showing strong growth, starting with the cloud. It trades at 25x earnings ex-cash, which is rich. So, wait for a pullback at 22x earnings. They return a lot of capital to shareholders.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$137.390
Owned
Yes
DON'T BUY
DON'T BUY
September 17, 2019
Red flags: they're shifting away from coal energy--and this will take time--and their dependence on Alberta energy. Instead, buy AQN, which pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.
Capital Power (CPX-T)
September 17, 2019
Red flags: they're shifting away from coal energy--and this will take time--and their dependence on Alberta energy. Instead, buy AQN, which pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$30.180
Owned
No
WEAK BUY
WEAK BUY
September 17, 2019
One of the few gold companies to consider, to create value. Others have destroyed shareholder value. FNV is based on a royalty structure and has done well over time. Problem is the current valuation is now high. (He owns no gold now.) In gold, look at the streamers or hard gold itself.
Franco-Nevada Corp. (FNV-T)
September 17, 2019
One of the few gold companies to consider, to create value. Others have destroyed shareholder value. FNV is based on a royalty structure and has done well over time. Problem is the current valuation is now high. (He owns no gold now.) In gold, look at the streamers or hard gold itself.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$123.300
Owned
No
WATCH
WATCH
September 17, 2019
A lot of negativity around Amazon isn't specific to Amazon. Rather, the tech companies are coming under scrutiny for anti-trust. He doesn't know how this will play out. He owns Google and MSFT instead, but keep your eye on Amazon, which are so disrupted. Also, their fundamentals keep improving, reinvesting constantly to be disruptive.
Amazon.com (AMZN-Q)
September 17, 2019
A lot of negativity around Amazon isn't specific to Amazon. Rather, the tech companies are coming under scrutiny for anti-trust. He doesn't know how this will play out. He owns Google and MSFT instead, but keep your eye on Amazon, which are so disrupted. Also, their fundamentals keep improving, reinvesting constantly to be disruptive.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$1822.550
Owned
No
COMMENT
COMMENT
September 17, 2019
He likes the US banks and prefers JPM, but they're all hamstrung in what they can do and acquire. They will increase dividends and buyback shares. Earnings growth will come from committing their profits to share buybacks. BAC enjoys quality earnings. Debt is fine. Sinking interest rates will squeeze their margins, but they have other businesses outside lending to offset that.
Bank of America (BAC-N)
September 17, 2019
He likes the US banks and prefers JPM, but they're all hamstrung in what they can do and acquire. They will increase dividends and buyback shares. Earnings growth will come from committing their profits to share buybacks. BAC enjoys quality earnings. Debt is fine. Sinking interest rates will squeeze their margins, but they have other businesses outside lending to offset that.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$29.940
Owned
No
DON'T BUY
DON'T BUY
September 17, 2019
Wait. Don't go near this now. Sure, they enjoyed a huge pop after their Amazon deal. CJT has a near monopoly on overnight air freight in Canada. Their CEO took some money off the table. It's slightly cyclical and risks more competition in the future.
Cargojet Inc (CJT-T)
September 17, 2019
Wait. Don't go near this now. Sure, they enjoyed a huge pop after their Amazon deal. CJT has a near monopoly on overnight air freight in Canada. Their CEO took some money off the table. It's slightly cyclical and risks more competition in the future.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$99.470
Owned
No
BUY WEAKNESS
BUY WEAKNESS
September 17, 2019
Pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.
Pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$17.910
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 17, 2019
(A Top Pick Jul 25/19, Up 7%) He still likes it. Great for income and would buy it today. The only issue is the lack of pipelines in Canada, but in the end there's a fundamental need to move oil across the country.
Enbridge (ENB-T)
September 17, 2019
(A Top Pick Jul 25/19, Up 7%) He still likes it. Great for income and would buy it today. The only issue is the lack of pipelines in Canada, but in the end there's a fundamental need to move oil across the country.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$46.700
Owned
Yes