Stocks fell Tuesday as investors mulled over a stimulus proposal from congress. Investors are also watching closely Tuesday’s presidential debate, along with economic data reports to be released later this week. Some analysts estimate that markets are a little oversold.
This week, defensive grocery stocks Empire Company (A) (EMP.A-T) and Metro Inc (A) (MRU-T) are trading at 52-week highs. Healthcare stock Jamieson Wellness (JWEL-T) is also back once again to their high. Other notable stocks trading at their 52-week high are Cascades Inc (CAS-T), Canadian National R.R. (CNR-T) and Waste Connections (WCN-T).
On the other hand, the cannabis space continues to struggle with Aurora Cannabis (ACB-T) and Charlotte’s Web (CWEB-T) still trading at their 52-week lows. Bombardier Inc (B) (BBD.B-T) is dragging as well.
Here’s this week’s 52-week high and low stocks on Stockchase:
52-Week High TSX Stocks
Here’s this week’s 52-week high stocks on Stockchase…
🛢 Basic Materials
It is on his watch list. It has been there for a number of years. It has not done very much but once in a while it perks his interest. He is going to do a review in the next couple of weeks and it may move it up then.
Rupert Resources Ltd. (RUP-X) TSXV
Started drilling in Red Lake, Ontario. It's sometimes best for a junior not to drill as the stock can do better on the potential rather than the actual drill results. Wait for the drill results before buying.
Lithium Americas Corp (LAC-T) TSE
Very speculative. It's a long-term lithium play. We will still buy e-cars, even though today's data showed a one-month drop in sales. LAC is another way to green your portfolio, like NFI-T. E-cars will be normal in 20 years. (Analysts’ price target is $12.68)
Serengeti Resources (SIR-X) TSXV
Where it goes from here will depend on what they get from more drill results. Initial indications were very positive.
She owns another name in food retailing/grocers, who have benefitted from strong same-store sales growth, though this growth will moderate as economies open up more and eat out more. All retailers are increasing digital shopping and home delivery, though. It's a competitive space. All names have benefitted from the pandemic, but Empire doesn't offer much…
Metro Inc (A) (MRU-T) TSE
You want defensive stocks right now. Big thing is Jean Coutu, and integration will create earnings and cash flow growth. More difficult issue is how to expand that brand beyond Quebec, and this is already priced into the stock. A defensive name, and you can do quite well. Yield is 1.7%.
North West Company (NWC-T) TSE
Allan Tong’s Discover Picks This consumer defensive name operates retail stores, selling groceries and household items, in the Canadian far north, Alaska and Caribbean. Because it operates in such an extreme geography, NWC enjoys a monopoly. North West Company pays 4.45% dividend. Read Best Dividend Stocks Canada for our full analysis.
Sunopta Inc. (SOY-T) TSE
This has great assets globally. The biggest sourcing platform for organic foods. It is really hard to get an organic designation. It takes 3 years for a farm to convert. They spent a lot of time putting together assets and it hasn’t been managed well. The company did a strategic review, brought in an investor…
George Weston Ltd. (WN-T) TSE
(A Top Pick Jun 17/19, Down 2%) It has done very well considering the environment. They are being hurt most in the food services business. All of the grocery chains have been doing very well during the COVID crisis.
Thunderbird Entertainment (TBRD-X) TSXV
He knows it very well, back to when they were private. They continue to build out. If they can allocate capital well, resulting in animated programs that are well-syndicated, then they should do well. If not, then this will be a lumpy stock. He needs to research them more.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Covid has helped the company with consumers more aware of health. They beat sale estimates last quarter but missed on EPS. It’s trading within its expected growth rate. The health trend should be sustained even after covid. Unlock Premium - Try 5i Free
The AGM is tomorrow. They provide e-commerce software to big companies like Sobey's, just like Shopify does for smaller ones. Also, they enable suppliers to bid on government contracts; MDF just won a big contract in this business in the UK. 80% of their sales are recurring, but it trades at only 1.5x recurring revenues…
Billy Kawasaki’s Insights - Picks from 5i Research. A renewable power producer. It has done well although it is expensive, trading around 71x earnings. They enjoy good earnings prospects and sales have doubled in past years. They have a lot of debt but cash flow is growing quickly. An aggressive choice in the sector. Unlock…
They did well, but then missed some quarters. (So has NFI-T.) Margins have dropped in the bus space. He exited 18 months ago. Cities may be holding back on bus orders as they decide on whether to buy e-buses or not. There may be pent-up demand.
Input Capital Corp (INP-X) TSXV
They do canola mainly. At these prices the stock is so cheap. He sold because he was not seeing enough capital being deployed in Canola streams.
Cascades Inc (CAS-T) TSE
A smaller cap name in paper and forestry. The tissue side has benefited from stay-at-home, but hotels aren't using as much tissue. The packaging business has enjoyed an increase with more packages needed for online shopping. However, this sector is cyclical, falling a lot if the market falls, though bouncing a lot if it rises.…
Canadian National R.R. (CNR-T) TSE
Hardwoods Distribution (HDI-T) TSE
It has returned to previous support from November. He would look at the $9 range. If it breaks below that they we have a problem, otherwise it will base at this level before going up to $16.
Toromont Industries (TIH-T) TSE
A very well run company with a pristine track record. It pays a low yield, and he looks for higher ones. He needs a sustained income. If the company pays a low yield, you expect the company to somehow raise its share price. Tailwinds for TIH are rising infrastructure spends in Quebec and Ontario plus…
Waste Connections (WCN-T) TSE
(A Top Pick Jul 30/19, Up 12%) Death, taxes and garbage are life's certainties. He's long owned this. WCN continues to do well, though there will be softness from commercial activity, though consider all the cardboard boxes from Amazon deliveries. Still a good company. Well-managed.
Involved in nonstandard automobile/motorcycle insurance as well as home insurance. BV of around $14.37 but Tangible Book is $13.50. No debt. Overly capitalized by over $35 million. Stable management. Basically Canadian, but their big driver is Europe. 25%-30% growth. Will probably earn about $1.30 next year. Have an option of putting in a dividend, free…
52-Week Low TSX Stocks
Here’s this week’s 52-week lows stocks on Stockchase…
Don't buy cannabis stocks here. Their earnings just aren't there. You can buy good value companies at discounts to book value so why go for this one. Move on. It is an opportunity to upgrade your portfolio.
Charlotte’s Web (CWEB-T) TSE
Wellness drives CBD demand and there's more competition entering this space. The CBD market continues to expand into drinks and food. He used to own this, but sees better opportunities. But CWEB is one of the U.S. leaders in this crowded space, so it's okay. You want to be in this space.
The Valens Company (VLNS-T) TSE
They are reporting great earnings, but it is trading along with the sector (down). He owns this and it has been a Top Pick in the past. He continues to like it as they are developing new products like edibles that are putting them in the forefront of the cannabis space. They also have a…
Auxly Cannabis (XLY) TSXV
Their model is based on getting royalties off the cannabis companies they produce. They've done some smart deals and have been able to put pressure on producers who needed money. Not sure why it moved so down today.
Organigram Holdings (OGI-X) TSXV
He has owned it for some time. It will take time for oversupply in the industry to work its way through the market. It is sad for people to be laid off but management needed to take actions for their balance sheet. They should be one of the leaders in the future.
It's been stuck at these levels for a long time, but likes recent volumes. No problem buying this one.
It has really been bankrupt for year, if not for continual government bailouts. Get out of this position. Think of quality US names right now.
Would be concerned about the payout. Seeing a devaluation. He thinks the market’s already turned, but you see it in the financials first because of rising interest rates. The derivatives are the problem, especially with Deutsche Bank with lots of exposure to Italy and Turkey.
Stuart Olson Inc (SOX-T) TSE
In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.
Radient Technologies Inc. (RTI-X) TSXV
They market is for drying harvested marijuana. About 20% of warehouse space is used for drying. Their technology radically speeds up the drying process, allowing for much higher production space. It helps reduce working capital as well. They are signing up lots of business and expanding in Edmonton. Great opportunity going forward.
This has limited history, but it is a $1.50 stock that is acting quite well. It’s too early in its history for him to have too much of a comment on it. It certainly looks like it is going higher, and he would watch it.
Antibe Therapeutics Inc. (ATE-X) TSXV
(A Top Pick Aug 01/19, Up 24%) There's been a lot going here: the reported good phase 2 drug test results. They did financing recently and are planning for phase 3 which will cost $50 million, so they have enough cash for 18 months. The next phase will start in Q2 2021 and last two…
AEterna Zentaris Inc. (AEZS-T) TSE
Rather bad couple of days. Was down substantially, outside of a range. Consolidated. It broke down and is more likely to go down. $1.50 on the downside.
Bellus Health (BLU-X) TSXV
The outlook is still quite good. People who use their competing chronic cough treatment lose their sense of taste. They are applying now for their drug's use for other conditions.
Medipharm Labs Corp (LABS-V) TSE
It is pure extraction. There are probably 3 or 4 of them. They are a leader. There are not too many companies here that are profitable and these guys are one of them. They do toll extracting for clients as well as getting their own Cannabis and extracting from them. They make a great margin.
Use this list wisely to identify buying opportunities.
Happy trading !!!