The stock market opened flat this week as investors wait for the Federal Bank policy meeting outcome. Analysts and investors are hoping for a clue about a potential rate cut in July.
Here are the companies listed on Stockchase who are reporting earnings this week:
D-Box Technologies (DBO-T) Jun 19
Has always been skeptical about the D-Box technology. They have had some success in China of late, which is why he thinks the stock has popped.
They have a solid balance sheet and are well managed. It is a lumpy business. The stock has been in a narrow band for years and years. The dividend is not at risk.
BlackBerry (BB-T) Jun 20
This is a company where the valuation is still quite high based on a turnaround. The problem is that their technologies are still quite early stage. (Analysts' price target: US$9.65)
Goldmoney Inc (XAU-T) Jun 20
They now have over $1 billion in terms of the value of the gold on hand. You are buying physical gold that this company is storing for you. They are also growing globally. Thinks the growth rate is going to be quite fast. He is interested both in the stock and what they are doing.
Hanfeng Evergreen (HF-T), Hanwei Energy (HE-T) and Migao (MGO-T) are interesting plays into China. Have been crushed but give direct exposure to what he expects will be the strongest currency over the next 25 years. You are buying them with multiples of earnings (not cash flows) that are unbelievably low. Wants to look at these…
Really risky. It could pay off for you--or drop. Be really cautious here. These types of companies specialize in a highly specific green technology, but he worries because technology (in solar panels) changes often and suddenly.
Canopy Growth Corp. (WEED-T) Jun 20
As a trader, he would have sold it already. For others, maybe sell half. There's been a lot ot hype as reflected in its sharp rise recently. Treat yourself and sell some of this now.
🛢 Basic Materials
He would call this a Hold given the activity in the Québec Labrador trough. Have 2 excellent properties with a billion punt potential of iron ore in that trough. The problem is there is an excess supply of iron ore in the market.
Use this list wisely to identify buying opportunities.
Happy trading !!!