
TSE:FTT
This summary was created by AI, based on 5 opinions in the last 12 months.
Finning International (FTT-T) is recognized for its distribution of Caterpillar products and has enjoyed a significant price increase, recently moving past its fair market value. While some experts see potential in this stock, noting the correlation with copper markets and its attractive chart formations, concerns about holding prices above $78 and the potential for a correction loom. The equipment dealer sector is considered favorable due to its resilience against inflation and alignment with global growth, suggesting a buy approach at lower levels. However, with uncertainties in Canadian infrastructure and energy sectors, some analysts advise caution, preferring Caterpillar directly. The current phase in the market cycle could favor industrials, providing a broader bullish sentiment for certain stocks in this category.
Our version of Caterpillar. If global growth continues to slow, the environment for Finning will be difficult. They have a 6-9-month window now. If Trump wins in 2020, he would take pot shots at China which will lead to a global recession that will really fit Finning. If this pops in the coming months, sell it.
(A Top Pick May 16/18, Down 26%) Disappointing, because of overblown fears of a recession that he doesn't expect. This is very cyclical demand for Caterpillar equipment. They reported earnings today and they were in line with subdued expectations. Sales were better than expected and they have partially solved a distribution problem in South America.