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23 Stock Top Picks and 3 ETF (Jan 25-31)

Melisa R. H.Melisa R. H. Posted On February 1, 2019
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Weekly Top Picks

This week there were 23 Top Picks and 3 ETF in a wide range of industries: Consumer, Industrials, Energy, Technology, Healthcare, Financials, ETF and Basic Materials.

Here are this week’s Top Picks as selected by: Barry Schwartz, Eric Nuttall, Elliott Fishman, Stephen Takacsy, Jeff Parent B., Mike Philbrick, Jim Huang, Bruce Campbell and Robert Lauzon.

🛍 Consumer

Magna Int’l. (A) (MG-T)

Magna Int'l. (A) (MG-T) — Stockchase
Magna Int'l. (A) (MG-T) — Stockchase

He just bought it. They've done a great job and expects them to be the generic "white label" parts-maker for all e-carmakers. Apple is talking to Hyundai about e-cars, but Hyundai works with Magna. He sees growth in e-cars. Costs will be managed efficiently (i.e. battery costs declining) as Magna transitions to e-cars, and Magna…

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🚚 Industrials

Canadian National R.R. (CNR-T)

Canadian National R.R. (CNR-T) — Stockchase
Canadian National R.R. (CNR-T) — Stockchase

Do a stop loss? CP has a better operating ratio, so he owns that instead. CP also has more exposure to commodities. Both have enjoyed good numbers last quarter and both trade at a decent PE. But headwinds: a possible slowdown in the global economy, and CN has more issues in the intermodal freight they…

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Delta Air Lines Inc (DAL-N)

Delta Air Lines Inc (DAL-N) — Stockchase
Delta Air Lines Inc (DAL-N) — Stockchase

Based on analyst Larry Williams' true seasonal index Younger investors love the airlines, but Williams has a very negative outlook for them. Meanwhile, Williams forecasts--based on the last 11 years' patterns--a market rally starting right before Christmas and into early-January, except certain sectors including airlines.

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Emerson Electric (EMR-N)

Emerson Electric (EMR-N) — Stockchase
Emerson Electric (EMR-N) — Stockchase

The uptrend from 2016 to 2018 broke late last year, then has seen a head and shoulders bottom. It's a safe bet from here--should return to old highs, but doesn't know if it will rise even higher.

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New Flyer Industries Inc. (NFI-T)

New Flyer Industries Inc. (NFI-T) — Stockchase
New Flyer Industries Inc. (NFI-T) — Stockchase

In the context of carbon tax announcements and the green push in US government Generally, yes, he'd buy this. There is a green push which will benefit NFI in the next couple of years. As for the Covid effect: People riding transit are extremely cautious and practice safety measures like distancing. Secondly, a company called…

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Velan Inc (VLN-T)

Velan Inc (VLN-T) — Stockchase
Velan Inc (VLN-T) — Stockchase

They lead in wireless antennae for cell phones, satellites and sell globally. The pandemic has impacted sales. They had to pause a new plant in Vietnam. The 5G roll-out is back on track. They had to guide down and that pressured the stock. Also have a lot of debt. Overall, though, they will be fine…

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DIRTT Environmental Solutions (DRT-T)

DIRTT Environmental Solutions (DRT-T) — Stockchase
DIRTT Environmental Solutions (DRT-T) — Stockchase

Customized, prefabricated environmental office interior solutions. High net cash position. Significant upside because of their flexible business model. Surge in office reconfiguration taking place across North America. Top management. No dividend. (Analysts’ price target is $3.46)

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⚡ Energy

Diamondback Energy (FANG-Q)

Diamondback Energy (FANG-Q) — Stockchase
Diamondback Energy (FANG-Q) — Stockchase

(A Top Pick Aug 27/20, Down 12%)Stockchase Research Editor: Michael O'Reilly We are choosing to remain disciplined and stick to our stop-loss at $35 and look for better alternatives. Now that key technical support has been breached it could try to retest lows near $25.

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Baytex Energy Corp (BTE-T)

Baytex Energy Corp (BTE-T) — Stockchase
Baytex Energy Corp (BTE-T) — Stockchase

(A Top Pick Dec 19/19, Down 52%) It continues to offer meaningful leverage for rising oil prices. They hedged off 50% of their oil exposure next year. He does not own this for this reason.

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MEG Energy Corp (MEG-T)

MEG Energy Corp (MEG-T) — Stockchase
MEG Energy Corp (MEG-T) — Stockchase

A core holding if you are bullish on oil. They have been increasing takeaway capacity and global demand remains strong. They are a cashflow machine and they are able to de-lever quickly.

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Suncor Energy Inc (SU-T)

Suncor Energy Inc (SU-T) — Stockchase
Suncor Energy Inc (SU-T) — Stockchase

(A Top Pick Oct 01/20, Up 32.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SU is advancing nicely. We recommend trailing the stop up to $17.75 (currently at $13.50). This would all but guarantee a minimum return over 9%.

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Encana Corp (ECA-T)

Encana Corp (ECA-T) — Stockchase
Encana Corp (ECA-T) — Stockchase

Just beat earnings and have increased production. Cheap valuation compared to peers. But it's getting more expensive heading into 2021. There's no growth here, but that goes with the entire oil patch. The real issue is will they survive. Their balance sheet is getting better, but still high for a blue-chip name. You'll be saved…

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Enbridge (ENB-T)

Enbridge (ENB-T) — Stockchase
Enbridge (ENB-T) — Stockchase

Likes them. They confirmed their dividend increase. Debt to EBITDA is reduced to normal levels. They won't make a new purchase, but will ensure that existing assets return 8-10%. You should own this as a mainstay in your portfolio. However, Michigan's governor threatens to shut down ENB's line.

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Parex Resources Inc. (PXT-T)

Parex Resources Inc. (PXT-T) — Stockchase
Parex Resources Inc. (PXT-T) — Stockchase

Some of the highest operating margins, low break even price, no debt, share buybacks, cash on balance sheet. Dialled up capex spending in December. Lean, efficient, growthy producer that's financially very sound. No dividend. (Analysts’ price target is $25.60)

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💻 Technology

Activision Blizzard (ATVI-Q)

Activision Blizzard (ATVI-Q) — Stockchase
Activision Blizzard (ATVI-Q) — Stockchase

Likes the entire game group, including ATVI. All will benefit from this videogame holiday season.

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Microsoft (MSFT-Q)

Microsoft (MSFT-Q) — Stockchase
Microsoft (MSFT-Q) — Stockchase

MSFT vs. APPL Apple is a consumer products company, whereas MSFT is an enterprise company. Both trade at similar multiples. Great balance sheets, buy back shares, increase dividends. Apple relies on growing iPhone and 5G. Will continue to do well. The iCar is an expensive proposition. MSFT has really benefited from cloud infrastructure growth. Better…

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👨‍⚕️ Healthcare

Sienna Senor Living Inc (SIA-T)

Sienna Senior Living Inc (SIA-T) — Stockchase
Sienna Senior Living Inc (SIA-T) — Stockchase

Down 30% on the year. Learned a lot through Covid. A demographic play. There will be more regulations, but their very strong management can handle it. Pandemic costs will create some near-term volatility. Yield is 6.82%. (Analysts’ price target is $14.38)

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CVS Health Corp (CVS-N)

CVS Health Corp (CVS-N) — Stockchase
CVS Health Corp (CVS-N) — Stockchase

(A Top Pick Dec 18/19, Down 4%) They're very well-positioned to distribute vaccines. This year, capital flowed out of these names into big tech, so the stocks took a hit. He's very bullish CVS.

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C21 Investments Inc. (CXXI-CN)

C21 Investments Inc. (CXXI-CN) — Stockchase
C21 Investments Inc. (CXXI-CN) — Stockchase

(A Top Pick Aug 09/19, Up 10%) A cannabis company in Nevada. Like Indus, they cleaned up their situation and are turning around. They bought a large dispensary in Nevada near Reno. An overhang was owing the vendor a lot of money, but that vendor has become the new CEO has fixed that debt. CXXI…

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Protech Home Medical Corp (PTQ-X)

Protech Home Medical Corp (PTQ-X) — Stockchase
Protech Home Medical Corp (PTQ-X) — Stockchase

A US company that's consolidating in the medical market (home lifts, ventilators, oxygen, etc.). He continues to like it. It was a past pick and since they made an acquisition. The stock has increased, though not as much as he expected. He predicts the valuation will be pretty attractive. This could be a takeover target…

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🏛 Financials

Progressive Corp Ohio (PGR-N)

Progressive Corp Ohio (PGR-N) — Stockchase
Progressive Corp Ohio (PGR-N) — Stockchase

Very fine company. One of the best property and casualty companies in the world. Relatively resilient, defensive business model. Long-term, he recommends it. But for short and medium performance, we're exiting a recession, so it makes sense to put more capital into cyclicals.

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WPT Industrial REIT (WIR.U-T)

WPT Industrial REIT (WIR.UN-T) — Stockchase
WPT Industrial REIT (WIR.UN-T) — Stockchase

He loves industrial REITs because of e-commerce. Their holdings are all in the US. Interest rates are low, so refinancing is cheap. Best in class. (Analysts’ price target is $19.53)

stockchase.com stockchase.com

💹 ETF

First Asset MSCI Intl LRWgt ETF (RWX-T)

First Asset MSCI Intl LRWgt ETF (RWX-T) — Stockchase
First Asset MSCI Intl LRWgt ETF (RWX-T) — Stockchase

It's real estate in 28 countries. It's something different for Canadians and worth having a look.

stockchase.com stockchase.com

Horizons Global Risk Parity ETF (HRA-T)

Horizons Global Risk Parity ETF (HRA-T) — Stockchase
Horizons Global Risk Parity ETF (HRA-T) — Stockchase

(A Top Pick Jan 29/19, Up 1.5%) Global Risk Parity balances the risk of growth and inflation. It balances the risks to keep you level. The peak draw down was 12% -- very manageable in the context of recent volatility.

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iShares Barclays 20+ Yr Treas Bond (TLT-Q)

iShares Barclays 20+ Yr Treas Bond (TLT-Q) — Stockchase
iShares Barclays 20+ Yr Treas Bond (TLT-Q) — Stockchase

(A Top Pick Sep 23/19, Up 15%) He's owned this since 2015. He feels bond yields will decline. As debt increases in the world, it stalls growth and leads to lower bond yields. During economy uncertainty, Canadian holders benefit from a weakening US dollar and lower yields, a double whammy. He will add to his…

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🛢Basic Materials

Wesdome Gold Mines Ltd. (WDO-T)

Wesdome Gold Mines Ltd. (WDO-T) — Stockchase
Wesdome Gold Mines Ltd. (WDO-T) — Stockchase

(A Top Pick Jan 30/19, Up 85%) They have the market's attention. Later this year there is the decision whether they start up an older mine that has been mothballed for a while.

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Use this list wisely to identify buying opportunities.
Happy trading !!!

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