Most Anticipated Earnings: ATZ-T, MTY-T and more Canadian Companies Reporting Earnings this Week (Jul 06-10)
Here are the Canadian companies listed on Stockchase who are reporting earnings this week:
💻 Technology
Opinion about FTG-T: Aerospace and defense electronics. Chart shows a base after a pretty strong move up. He uses the angle of ascent/descent to tell if something's gone parabolic or capitulated to the downside. Went a bit parabolic, now taking a break and that's healthy. You just don't want to see it round over and…
🛍 Consumer
Opinion about ATZ-T: (A Top Pick Nov 01/24, Up 143%) Trimmed, because he had a big weight. Nice expansion in the price. They are still expanding in the U.S. with a long runway. Margins recovered as did supply chains. Are opening flagship stores in place like Fifth Avenue. It has become more expensive, but need…
Opinion about MTY-T: Likes the franchise model, as they get revenue from that and grow their great brands. Market was worried it couldn't grow by acquisition to the same degree, plus hurt by delay in back-to-office. Implemented strategic review in December. Last week, announced huge dividend increase. Inexpensive PE. Great value, large margin of safety. Yield…
🚚 Industrials
Opinion about RCH-T: Spike on the chart is quite interesting. 1-year chart shows 2 lows, the most recent one higher than the previous. So this is a place to hang your hat. Down almost 12% YOY. Today is a bad market tape, yet this stock's up. That tells you something -- either investors have nowhere…
Opinion about OGI-T: Stockchase Research Editor: Michael O'Reilly OGI is a cannabis producer serving the Canadian market. Recent earnings disappointed on the revenue side (down by 23%), but management is noting that adult recreational use is up 30% over the year. The company is now producing positive cash flows (in 2 of the last 3…
🛢Basic Materials
Opinion about TMQ-N: Be cautious of very long timelines. Extremely high-grade copper deposit. Political winds are against it, as US government denied funding for access roads. First Nations are solidly in favour of the project. Own it for the extremely high potential value.
Opinion about PTM-T: Sprott is a secured lender in this project, as well as a shareholder. The mining start-up looks like it has been fairly troublesome. If they work through their problems, which he thinks they will, he thinks there is tremendous upside. However, there is risk. There is tremendous upside if they can make…
Use this list wisely to identify buying opportunities.
Happy trading !!!