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.
He recommended this in December and likes it here. $75 will be an important resistance test. He likes this chart and the auto space. His target is $77-80 to May/June when you could take some profits.
CN vs CP The major difference is CN-R goes more North-South into the US. CP-T goes more across Canada. Both trade with similar yields. He does not own either. Both are good for a long term investment. It is splitting hairs deciding on which one to have.
In an industrial complex, it would be comparable to a General Electric (GE-T) or something similar. Feels the whole industrial complex in that space will move higher. Not as keen on this business simply because of the emerging-market exposure it has. In different segments of their businesses, there is fairly flat to slightly negative growth.…
Has come off a fair bit. One factor could be that US federal government helps pay for municipal buses, and this expires in 2020. So long-term funding is in question. Stock got ahead of itself in the last couple of years, so now it's normalizing.
Global leader of valves from Montreal. Classic value play, trading just above 1 times NAV. They report in US dollars. About 11 times earnings. The founder is 97 years old. If it is ever sold he figures it could get as much as $30 a share.
(A Top Pick July 3/15. Down 17.93%.) A really interesting company and is in the early innings of its growth phase. They are really trying to do something brand-new, building interior office solutions. It is now into hospitals, schools, and now even getting into residential. Earnings tend to be fairly lumpy, so he traded out…
He tries to find companies that are good and getting better than the peer group. They’ll produce about 7000 barrels a day this year and 17,000 barrels a day next year and 25,000 barrels a day the year after that. Enormous growth. Uses technology in the Permian Basin to really grow their reserves and production.…
Too much debt, making acqusitions, and need to fix the balance sheet. The current $2.50 price is too low, though. They are oil-levered, so if oil recovers, you can make a lot of money with BTE. He predicts oil going to $50-60.
He sees the deal going through in January. He thinks Husky still needs to increase their bid slightly. Currently MEG is trading at a 4% discount to the bid. It is better risk reward to buy their corporate bonds vs stock, and therefore some have been shorting the stock.
It generates $10 billion in cash flow -- $6 billion into developing the resources, the rest is free cash flow. Yield 3.91% (Analysts’ price target is $54.50)
The oil side of ECA-T? The oil price has been creeping up, but oil stocks haven't been rising with it. The reason is that a fear of recession and a drop in oil demand. Now, oil is seasonal and has enjoyed a huge bounce since the start of 2019. Again, oil stocks haven't rallied along…
Is $50 an important level? The news yesterday by the US state denying them approval was over blown, he thinks. Shipping by rail is not a safer alternative. This is a good income play, not really a share appreciation play. He does not it expect a move above $50 would signal a rocket up to…
OPEC doesn't want oil to fall that low. $65 oil is possible. There's definite upside here. Even Canadian oil is improving, though slowly. Canada needs more pipelines to the US and more markets, namely China. Railways have stepped up, but it's not the safest way to transport oil. He's bullish Canadian oil. (Analysts’ price target…
Poorly timed the purchase of this stock. Market got overly excited about one of the games, but didn't live up to expectations. A good buying opportunity. New game, Call Duty, is going to compete with Fortnite, and it could be as big.
(A Top Pick May 09/18, Up 32%) They are a leading in the Cloud and the their membership sales are strong. Software is now a service.
Great company. They have some government-funded assets, but are also expanding more into the private pay. There is a lot of growth there. If you are a REIT investor, you want to have exposure to the seniors living space, because it is going to outperform any of the other REITs over the next cycle.
He sold it. It's cheap stock, but the issue is they can't integrate Aetna well. Also, they're considering a new store format from a vertical perspective to become more of a health centre. He doesn't think this vertical integration makes sense and expects more downside until CVS can show something positive from this integration. It…
They trade at about 1 times revenue. They are trying to get a dispensary in Nevada where Tesla is putting in their factory.
They just released earnings this week and they have been turning their business around -- increasing margins and growing organically. Management owns about 18% of the shares and it trades at 5 times earnings. He thinks it could trade at twice that level. They are involved in patient home monitoring. Yield 0% (Analysts’ price target…
Although it always looks expensive it is a great niche little auto company. Very well-managed and very focused. Still a lot of earnings momentum to come.
There is massive demand for industrial properties: data centers and places to store stuff. It trades in US dollars even if listed in Canada. It is US properties.
This is a good global balanced fund with low-risk, offering diversification for Canadian portfolios.
*Bear Call Spread* Thinks interest rates are going higher. If so, bond prices are going lower. This is the most liquid bond ETF in the US, and has very liquid options. He suggests the sale of December $126 Calls and Buying a December $133 Call. If the stock closes below $126 in December, both options…
(A Top Pick Jan 10/06. Up 60%.) Has completed financing and will have 2 mines in production by the end of the summer.
Use this list wisely to identify buying opportunities.
Happy trading !!!