Here are 16 Canadian tech stocks you should consider adding to your portfolio.
Canadian mid-caps (no past picks today) He specializes in these. They are under the radar of Canada's large mutual funds and receive little analyst coverage, so they trade at a discount. (No past picks today.) He buys stocks only during momentum, as they are rising and keep rising. CGI is a leader in Canadian tech.…
A definite lid at around $85 and recently broke through. From a technical perspective that is very bullish. The chart looks pretty good now.
(A Top Pick Feb 20/19, Up 25%) It is slow and steady. They make good acquisitions and they have never issued new stock. He likes it a lot.
(A Top Pick Feb 20/19, Up 162%) It is growing fast. It is a benefactor of the fear of missing out. There is a lot of momentum out there and it is a pretty expensive stock. They are trying to complete with AMZN-Q with same day shipping. He has been selling it all the way…
When you have a good company you should not sell it. The growth looks good, the balance sheet is good and the track record is excellent. They are probably setting themselves up to be sold. (Analysts’ price target is $60.00)
(A Top Pick May 29/18, Down 40%) They make electronic products for other manufacturers, like Cisco. There has been a lot of new product spending delays in the space and this is hurting them. The valuation is great and the company continues to buy back their own shares.
They had a significant break out last quarter. It is supply chain management software. He likes their global clients. The last quarter was spectacular. Another quarter like that and people will really pay attention. (Analysts’ price target is $110.33)
The chart is the slope of no hope. Its struggle is that big telcos are building 5G networks even though Baylin is trying to supply attenae.
Payout ratio is 56%. Sales are declining by 25% and earnings have fallen by 67%. He would be cautious and would look elsewhere. Yield 13%
(A Top Pick Oct 18/19, Up 4%) Investors are appreciating the steady cash flow. Some day they will be an acquisition target. They have a great niche in the market. They have the ability to grow, although it is not a giant market.
The outlook for online gaming is very positive. They are doing the merger with Flutter out of the UK and will add scale to the company. In five years you will see in-game betting like you have in the UK. The NFL would be a monster business.
They sold their position due to the inconsistency of their results. He is watching it again, especially now that the momentum is improving. He is not buying yet, but will keep an eye on it.
Their devices allow communications on the internet of things to track where your things are. They're coming out with a very small device which is much cheaper to produce. For example, a tracking device on a pet. The cell phone companies are constantly looking for "sticky" applications like this. Outlook is pretty good.
(A Top Pick Jul 24/19, Up 8%) A big holding of his. They can generate more and more recurring revenue from assets they've purchased. They're also moving into the cloud. Their stable has become more stable, which has been a knock against OTEX in the past. The multiple on earnings has been very low in…
Semiconductors: The index was up 50% last year. Capital is moving into the space. He prefers the analogue space and PHO-T is effectively a 5 G play. It may work, but he would prefer a dividend paying stock.
It has been a bit of a frustrating ride for him. The stock price has gone nowhere. The stock has put in a floor here and he would like to see it go up now. This will tend to hold up well during periods of weakness. It is a very well run company. Their financial…