Both the S&P and TSX finished last week at record highs. Oil continues to see strength as WTI increased to $70 a barrel.
This week, cannabis companies Hexo Corp (HEXO-T), Neptune Wellness Solutions Inc. (NEPT-T) and Fire & Flower Holdings (FAF-T) will report earnings. Andrew Peller (ADW.A-T) and Evertz Technologies Ltd. (ET-T) will finish off the week with their earnings.
Here are the companies listed on Stockchase who are reporting earnings this week:
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.
Doesn't know this well. They're in the cannabis sector, more in the extraction market, an area that will continue to expand. He's watching their progress in earnings.
Just Energy Group (JE-T) Jun 14
They sell energy contracts. They have under gone several management changes over the years. He is not a great fan of this business model.
Hexo Corp (HEXO-T) Jun 14
(A Top Pick Dec 15/20, Up 36.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HEXO has triggered its stop at $7.50. To be disciplined, we recommend covering the position. Combined with the previous recommendation to cover 50%, this will create a net investment return of 36%.
Major Drilling Group International Inc (MDI-T) Jun 14
We need more things that come come out of the ground. World leader. Cheap. Just bought an Australian company. Not bogged down with debt, competitors are. In every commodity cycle it's gone over $20, and he thinks it will again. No dividend. (Analysts’ price target is $11.75)
Fire & Flower Holdings (FAF-T) Jun 15
He isn't in cannabis, because these companies can't build a strong moat or distinguish themselves from their peers. FAF has teamed up with ATD'B, which is a great alliance for both companies. He owns ATD'B, but doesn't know that much about FAF.
Reitmans (RET-T) Jun 14
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) Jun 14
(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,…
Le Chateau Inc. (A) (CTU-X) Jun 14
This has been a very difficult stock. Recently reported a very bad quarter. He would stay away from this one. Inventory has gone up a lot and their margins have fallen. Cut the dividend totally. Thinks they are in a bit of trouble.
Andrew Peller (ADW.A-T) Jun 16
High quality earnings at a dirt-cheap price. Second largest producer in Canada. Stock's down 45%, but sales and earnings have continued to grow. Very well managed, strong brands, 40% margins, trading at 12x earnings. Buying back shares. Regularly grows its dividend. Yield is 2.13%. (Analysts’ price target is $16.25)
🛢 Basic Materials
This company has been around for 20 years on the Venture exchange. It has no revenues and has a couple of properties, one in Quebec and the other in BC. I questions how many investors have made money on this. He has no interest in this one.
Just went public in June. Plays into same space as CGI. Small minnow in big pond, but very smart. Built business on acquisitions. Interesting, because they're picking out smaller and mid-size, and they have a long runway.
Evertz Technologies Ltd. (ET-T)
Price target of $15, so not much room left. SaaS in the film industry, which has had a difficult time. He'd sell a third. If it goes up, that's OK. If it goes down, at least you sold a third.
Most recent quarter was a great one. ROE was 28%. With all the stuff that is happening in the marketplace right now, there are a lot of concerns about Alberta specifically, and you also have a lot of concerns about financials. Thinks they put in a great quarter. To be a buyer of the stock,…
Use this list wisely to identify buying opportunities.
Happy trading !!!