The TSX ended last week on a positive note, led by a rally in the technology sector. This week, there is some volatility to be expected, as investors await more news on the coronavirus trend and government updates.
This week, strong performer Sprott Physical Gold and Silver Trust (CEF-T) will report their earnings today. Other stocks to report earnings today include retail stocks Hudson Bay Co. (HBC-T) and Reitmans (RET-T). Hudson Bay Co. recently put their flagship Montreal location on sale.
Here are the companies listed on Stockchase who are reporting earnings this week:
🛢 Basic Materials
Every investor should own some gold and silver like 5%, and most own none. This is an easy way to do it. You don't have to own the physical bullion. Disclosure: he works for Sprott.
Lion One Metals Ltd. (LIO-X) Sep 28
Fiji is an interesting place. They have raised $85 Million last year when it was tough. If they get this thing going it will build up confidence. They are putting a relatively small scale gold mine into production while doing exploration. They should eventually get bought out.
Eastmain Resources Inc (ER-T) Sep 28
They haven't indicated a discovery in the St. James Bay area, though he likes the management and this part of the world for exploration.
NovaGold Resources Inc (NG-T) Sep 30
He's not a gold bug, but seeks unloved stocks in unloved sectors. Gold has consolidated nicely and made a good technical turn. His #1 gold holding is FNV-T. TGC has the largest undeveloped deposit in the world and in a safe place (Alaska) with a good partner in Barrick. All tailwinds.
Troilus Gold Corp. (TLG-X) Sep 30
Very leery of the explosion of uranium vehicles. Wouldn't hold out much hope on the uranium, but on the coal side they are doing a better job. The idea of a mine mount power plant in the Yukon is attractive. Will require more capital than the company has.
Camino Minerals Corp (COR-X) Sep 30
It seems the hole went right down the throat of what looked like a structural intersection. Also, it was reverse circulation, and the recovery wasn’t that good. An interesting deposit and in the part of Peru that is very dry, which is part of the issue of getting diamond drilling there.
Hudson Bay Co. (HBC-T) Sep 28
Nicknames it Hit By A Car like its chart. HBC is all about its real estate holdings; that's the reason you own this. Doesn't know if the current rally signals a buy. Can't predict this chart. Even consider selling it.
Reitmans (RET-T) Sep 28
He owned it at $3.81 and sold it at $3.00 and is glad he did. Management is getting old and stodgy. As the stock has been thrashed following the share buyback program, he thinks the balance sheet still looks okay, but the cash position is not as good. Last quarter they lost a lot of…
Reitmans (Canada) Ltd. (A) (RET.A-T) Sep 28
(A Top Pick Oct 22/18, Down 35%) He sold this at $3. They offered to buy 15 million shares of stock and the took the offer. He is glad to be out. Sales are falling and they have closed 48 stores. He wonders if management should be changed. Their online sales have been going up,…
UrtheCast Corp (UR-T) Sep 28
Cameras on satellites. Feels they’ve made a lot of progress in the right direction. Management is working hard and there is now more clarity. We may see some positive free cash flow one day. At this point, it is starting to become interesting, although clearly there are still a lot of unclear questions.
Cymat Corp (CYM-X) Sep 28
Metal foam technology. Have an application where they can put it into armoured vehicles for blast disbursement. Also have some small deals on the architectural side. In this environment he doesn't think people will be paying a whole lot of attention to it.
WeedMD Inc (WMD-X) Sep 30
He has been looking at this as it has become more attractive now. A mid-tier producer that has stagnated when a partnership did not materialize. They are involved in the specialty pharmacy business which could grow into the mainstream in the future. They could be bought out in the future.
Heritage Cannabis (CANN-CN) Sep 30
(A Top Pick Jun 27/19, Down 70%) Another disappointment but the management team is really on the right track. They have some unique technology that allows them to produce direct products that can go into vape. Once some of their own products hit the shelves this quarter you should start to see revenue and earnings…
RavenQuest Biomed (RQB-CN) Oct 02
A cannabis company. It specializes in research & development related to cannabis. It's a very speculative stock. Experts on Stockchase haven't commented on this stock y et. You can get more informations and analysis on Tradingview.
He would hope this will be a global breakthrough. The basic processes involved are dealing with Wi-Fi as it goes into the destruct phase because of too much crowding. This company has created a diversionary stream of traffic. It is looking more interesting.
Patriot One Technologies Inc. (PAT-X) Sep 30
They have weapons-detection technology and it's done well in the past 18 months with some new deals signed. They don't have a lot of revenue yet, and investors are waiting for that. $7 million over 12 months is their forecast revenue. But what happens in an economic downturn? He likes their partnerships so far, though.…
iSign Media Solutions (ISD-X) Sep 30
Very interesting company. The challenge at the moment is that the only analyst covering it is no longer with the brokerage firm. The product itself is installed in a variety of stores and is basically used for in-store advertising. Still waiting for a catalyst and he thinks that will occur based on some of the…
Zecotek Photonics (ZMS-X) Sep 30
A new CFO about six months ago is resulting in a change in their business operations. He thinks this is a lottery ticket if you already own it. He would wait until year end -- if it does not do well, take the tax loss then. Right now the company is running radio silent.
Parkit Enterprises (PKT-X) Oct 02
Acquiring parking lots in the US, not in Canada. They have a couple and are doing quite well. A real estate producing cash flow, so they go up in value. Just signed a deal with a US partner to fund them, so they now have a lot of capital to make more acquisitions. Thinks they’re…
Natural gas. Have announced some major deals with Crew Energy (CR-T) and West Energy (WTL-T) in the Montney region of British Columbia. Expects there will be production within the next year.
Use this list wisely to identify buying opportunities.
Happy trading !!!