Most Anticipated Earnings: RCH-T, MTY-T and more Canadian Companies Reporting Earnings this Week (Oct 05-09)
Here are the Canadian companies listed on Stockchase who are reporting earnings this week:
👨⚕️ Healthcare
Opinion about RVX-T: (Market Call Minute.)Reversing of bad cholesterol in clinical studies. A little early for him but has potential. Speculative.
🚚 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…
💻 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…
🛢Basic Materials
Opinion about NG-T: Leveraged call on gold. Very large, undeveloped deposit with very high upfront capital costs. If gold price continues to do well, will ultimately find a partner to put its asset into production. If gold price doesn't do well, value trap.
Opinion about GOLD-T: Well-run. When the gold price moves, this will too. Own it if you believe this will happen and are patient. Long-term.
Use this list wisely to identify buying opportunities.
Happy trading !!!