This week’s new 52-week highs and lows … (Jan 30-Feb 5)

Airlines have struggled through pandemic. Expecting recovery with post pandemic travel. Lots of pent up demand for travel. First quarter was a loss for the company. Stock is down 15% YTD. Lifting of Federal mask mandate is good for the business.

Great defensive company. Subscription-based services to legal, accounting, and tax. Even in a recession, those sectors need access to data to do their jobs. It's all about owning it at the right price. Strong numbers last quarter. Always trades expensively. Intellectual assets have high returns with low capex. Not a bad entry here around $125.…

Management sees great opportunities ahead. Wants to make more renewable landfill gas sites. Benefits from higher oil prices. Defensive, safe. Excellent management, clean balance sheet. He expects double-digit revenue growth for many years. Also a reopening play. The dual listing is a gift to Canadian investors. (Analysts’ price target is $178.80)

Customized, prefabricated environmental office interior solutions. High net cash position. Significant upside because of their flexible business model. Surge in office reconfiguration taking place across North America. Top management. No dividend. (Analysts’ price target is $3.46)

Rather bad couple of days. Was down substantially, outside of a range. Consolidated. It broke down and is more likely to go down. $1.50 on the downside.

Believes is a good long term investment with a safe dividend. Will see volatility in share price as pandemic eases. Hesitation on senior centers given Covid-19. Demand for services not going away.

Likes the stock as it is a defensive business model. Very healthy dividend yield of ~6%. Business will do well in recession. Current share price presenting good buying opportunity. Long term will be a good investment.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Good dividend yield of 4.5%. Recent acquisition of Mid-land Cogen Facility. Management increased FY2022 guidance. Long-term strategy to shift towards renewable energy. Unlock Premium - Try 5i Free

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Solid development pipeline. Several projects went live in 2022. Record sales and solid margins. Multiples lower than the three-year average. Unlock Premium - Try 5i Free

Seasonality is September 13 - October 27. Utility sector has done extremely well in 2022. Over 95% regulated contracts. Sometimes boring is good. Should continue to perform well relative to the market, especially if we see more volatility in September and October. Yield is 4.35%. (Analysts’ price target is $65.00)

Key to any utility is you have to factor the inflation rate into your return. If inflation gets sticky, around 5-6%, you'll have a negative rate of return. You want to get this on sale, especially important if you hold it in a taxable account. If inflation goes back to 3-4%, it's not that big…

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has surprised investors with a good acquisition of WOW. The deal added 200,000 internet and 61,000 video customers. This has added scale while diversifying the business. Significant growth opportunities. Unlock Premium - Try 5i Free

Has long liked this, as it has been compounding and making money for shareholders for decade. They just sorted an issue with the competition bureau over a mid-sized acquisition. See what the quarter reports after today's bell. A fine operator. They use gasoline selling to sell high-margin items like candy and hot dogs. Great operators…

Doing very well, based on food inflation. People have been shopping more downscale, and Loblaw has more exposure to discount chains than competitors. Inflationary pressures. A good, defensive place to be, though his preference is Loblaw.

(A Top Pick Apr 28/21, Down 67.4%) Are building online grocery sales now. When he recommended it, he expected another leg up--and shares rose last summer on good numbers. But he sold this around $10 because he was concerned the company was no longer focusing on meal kits and was spending a lot to enter…

Considering inflation A past pick. They cater to customer needs, not their wants (that was the pandemic age), especially with high inflation and a slowing economy. There is a consumer trade-down theme in North America, so No Frills and discount grocers will benefit. They also have a great private label program and pharmacy operation. They…

They have owned this in the past. It went no where for decades. The maple syrup side, which they entered about six years has been a disappointment and has been volatile. A safe and boring company. Not a lot of downside. You can milk it for the dividend, but there is not much upside.

With the shift from fossil fuels, looks like it will come into favour. They're so affected by politics. One accident sends a chill on development. Primary supplier if the market comes back, but this can take a long time.

High dividend yield (over 6%). Believes shares are priced fairly for investors. Likes business model in this business environment. Very stable business. Company carries ~30% of oil in North America.

no price target You can buy it at a near-6% dividend with lots of growth ahead. They process gas. With the LNG Canada pipeline coming onstream in 2025-6, natural gas prices are very attractive, so Pembina is in a great spot. Even better if Pembina grows the dividend and the share price rises. Shares have…

Largest REIT in Canada. Trades at discount to net asset value. Diversified retail, but has 3/4 of assets in retail. Growing industrial section of portfolio. Is a defensive name with solid yield and growing cash flow. Excellent management team.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They announced a special dividend of $7.50. The stock should have moved more on this news. Shares can be bought for the dividend here. Unlock Premium - Try 5i Free

Largest industrial REIT in Canada with regards to market cap. European portfolio weighing down company. Great management team. Trading at discount to net asset value. Own shares and would recommend buying. Share price presenting buying opportunity.

Focused on office space in Canada. Challenging sector with Covid-19 and shift in work preferences. Trading at wide discount to net asset value. Steering clear of office space (not sure on future of demand). Stuck at 45% utilization rate in office space. Company does have good buildings (if alternative uses are found).

Another defensive real estate company. Owns best grocery shopping center portfolio in North America. 85% of tenants are necessity based retails(grocery etc.) Has been trading at a discount to peers and net asset value. New leases has been growing. Company has been buying back shares and selling assets to increase value.

Likes transition company is making into many assets. Looking into USA sunbelt and industrial assets. Selling office spaces and re-developing others. Work in progress and success will depend on management execution. Hold shares if already own.

Multi-family housing units in Canada. Very solid portfolio with great management team. Treading at wide discount to net asset value. Is buying shares now. Very defensive name that has access to capital. No concern in terms of credit quality. High population growth into Canada makes for good business.

Owns shares in company and believes company is executing well. Weathering downturn well. Retail oriented, but adding multi-family units as well. Expecting earnings growth going forward.

Best way to get exposure to industrial real estate in Canada. Toronto and Montreal - best real estate markets in North America (increasing rent levels). Rents going up ~35-60% percent. Trading at discount to asset value(under valued). Presenting good buying opportunity. Good management team.

A defensive chapter within the retail story. Pristine balance sheet. 1/3 of space anchored by WMT, a strong leasing partner. Selling on-site condos, and immigration keeps demand high. Yield is 6%.

Has owned this for a long time. Their outsourcing business is based on long-term contracts. Cybersecurity and digitizing businesses offer good demand. Has a strong balance sheet. They grow by acquisition, though they haven't made a big one in a few years, because valuations have been high in targets. They've been doing small acquisitions. They…

(A Top Pick Jun 09/21, Down 52%) Great business that is misunderstood by the market. Recent selloff in the market has taken share price down. Free cash flow yield is ~10% and business generates lots of cash. Will continue to hold shares.

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Dividend yield of 2.3%. Good growth driven by acquisition of NetMotion. Management increased FY2023 guidance. Long-term tailwinds from remote access requirements.

(A Top Pick Feb 25/21, Up 15.3%)Stockchase Research Editor: Michael O’Reilly With the recent completed acquisition by AEM now official, we now consider this position closed. When combined with the previous recommendation to cover half the position, this results in a net investment gain of 22%.

Dividend fluctuates dramatically year to year. If you hold it for the longer term, it works out to a good rate of return. Iron ore can have pretty wide swings, and going into a recession will probably be under significant pressure.

(A Top Pick Feb 28/22, Down 7%) Large transaction required an increase of the issues outstanding. Good management. Increased liquidity because of increased size portends it will be a leader in the space. Price decline means he can buy more.

One of the most senior producers of silver. Silver is better than gold, as the bulk of silver production comes from copper mines. Silver just crossed $24, and there's lots of upside. SSRM has a $28 price target. He wants something that will benefit once inflation is realized.

Company prospects for land, stakes it and then gets other companies to do the major work at their expense. Because they have so many properties, long-term they should get a discovery.

$2.25 price target. Growing pains starting up a mine. He'd be averaging down. Issues always signal a really good entry point at cheap valuations. Have to be patient. This wouldn't be his only holding; he'd own it amongst at least 5-10 companies.

The 3rd largest holding in his portfolio. They have seen the mines in Turkey and were impressed. The area is a danger zone with recent fighting and the stock has taken a hit. The mine is far enough away from the fighting so he thinks it will not be impacted. He paid just over $2…

They have three gold mines around the world. A huge 13.7% free cash flow yield; FCF grew over 200% YOY to $244 million. Sales were up 63% in the recent quarter. Cash flow is expected to grow in 2021 26%, and the ROE to be 26% in the coming year. Gold has momentum, says the…

(A Top Pick Feb 28/22, Down 7%) Large transaction required an increase of the issues outstanding. Good management. Increased liquidity because of increased size portends it will be a leader in the space. Price decline means he can buy more.

Good vehicle to park some money while interest rates are high. Would expect yield to be around 2% in 3 to 4 months. Safe place for cash holdings.

(A Top Pick Dec 04/18, Up 2%) Safety play. A place to park cash. Never touches a GIC, because they're not liquid.

XRE vs. IYR Totally different products because of the country, given XRE is Canada and IYR is the US. XRE top 31% investments are in retail. IYR has only 9% retail. For residential, it's 25% XRE and only 15% IYR. Largest holding in IYR is AMT. IYR is more diversified, less exposed to retail which…

XUT is market cap, ZUT is equal weighted. ZUT gives you more exposure to smaller players. HOG gives you more pipeline and energy services business, which acts similarly to utilities. It also hedges you on the downside. Could be a compliment to the other utility ETFs.

Doesn't generally like low vols because the performance tends to be lacklustre. But this one has been doing quite well. You could consider this one.

These top picks are conservative calls due to the higher volatility of inflation and the markets. He often does not own the ETF's themselves but uses the underlying Futures market. Supply chain problems continue to add to the volatility. A utilities ETF is conservative since it gives reliable revenue streams, therefore higher cash flow and…

Stock vs. Stock. FIE-T vs. CMR-T. CMR-T is a money market fund. FIE-T is a multi holding income strategy holding all kinds of assets, so there will be more volatility. When markets are up go into CMR-T and FIE-T when they are down.

It holds ultra-short term investment-grade bonds. MER is 40 basic points. The chart was smooth pre-COVID, then plunged 20% during the sell-off, then recovered. When times are calm, they act like bonds. When risk spikes in a crisis, there's volatility. This falls in line with your equities. He's surprised this had this much of a…

He doesn’t know this, but assumes it is an actively managed bond fund. If so, the question you are going to have is the duration of the bond fund at any given time. You can usually get that information from the people who market this ETF. If you have a duration of 10, then you…

ZFH-T is exposure to short-term high yield credit using a swap strategy to mitigate the interest rate risk. You still get credit risk. ZHY trade more like equities than bonds. People are seeking the higher yields. A floating rate note mitigates the interest rate risk only.

HCRE is a tax efficient way to have an equal weight exposure to REITs in Canada. BMO has ZRE.

Great ETF that has exposure to utilities, telco's and pipelines. Dividend rate sensitive to inflation. High dividend yield at 7%. Basket of Canadian dividend paying companies. Would be good for a portion of the portfolio (not 100%).

Defensive telecom and cable. Regional. Dominant cable operator. New cell phone competitor with 21% market share, but the fastest growing. Small sports/entertainment division. No commodity exposure and minimal wage inflation, as it's capital- and tech-intensive. Strong balance sheet. Interesting reinvestment catalysts out of Rogers-Shaw deal. Yield is 4.11%. (Analysts’ price target is $35.31)

Likes the company as a defensive name in this economic environment. Stable business with strong earnings. Historically has been a good business. Strong dividend that will continue to pay out. Thinks is a good long term investment.

(A Top Pick Aug 26/21, Down 5%) Last year, he considered this safe with some upside, but that hasn't happened. The Rogers deal has gone slower than expected, but it should close. He sold half his position at $38.50 last March, at a $22 ACB. The deal should close at end-2023.

Is positive on energy sector. Good company that has had a turnaround. Return of capital (dividends and buybacks) is good for investors. Overall, is a good business going forward. Believes will be a continued need for fossil fuels.

Owns 7% of company shares. Remains committed to company. Company has 19% free cash flow yield, and is trading at 2.5x free cash flow yield. Share price should appreciate 60% or 4-5x. Expecting company to be bought be someone.

Involved in the UK North Sea. In the process of drilling a well with the Lundins that is very important. In about 1 month will start working with Husky (HSE-T) in the North West Territories. Between the winters of 2008 and 2009, you will have a good shot if they have any kind of drilling…

He stayed away because they went to the states to make acquisitions. He did not know why the Americans would not already take these assets. He stays away from it.

They have cut back and preserved capital. They do not have a debt issue. They are a gas play. If gas prices stay strong, they should do well. She anticipates their 4th quarter production being lower. She is not buying it today, but the future looks good.

We've reached the tipping point where we're sick of really dirty oil. But don't get greedy with this now. Can't recommend buying it at current levels after such a big run.

He would like to see a couple of good quarters out from them. It is thinly traded. You have to be prepared to watch it quarter by quarter.

Zinc in Utah. This could go into production by itself. We could see this thing scale bigger in terms of tonnage. There is a lot more to be found. It is in an area where there are reduced environmental objection, just south of the Military testing grounds over the Salt Flats.

Intelligently run diamond exploration company. Has yet to see that they have economic pipes. Also into nickel but he has not been following this.

The best of the small cobalt companies in North America. It has an asset that is alive and well. It will be raising money for it while next door a mine is being decommissioned.

Located in Venezuela, which is a problem. If they have a major discovery there is a chance they could be expropriated.

Leverage play for natural gas. Clearly getting a breakout in the short term. Thinks oil is capped out and natural gas should trade relative to oil. Can see front month natural gas contracts going for $5. Forward pricing looks like there is room into next year to move further up. An okay way to do…

Where you talk about a bear or bull ETF that is levered, they have no future. You are supposed to trade them on a day to day basis or possible a weekly basis. They are guaranteed to lose over the long term because of the way the gains are translated over night. These are a…

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. As had a good quarter with beating estimates and raising results. Continues to see demand from the cloud and semiconductor industries. Revenues rose 27% and EPS also beat. They raised revenue outlook from $6.37B to $6.5B. Unlock Premium - Try 5i Free