This week’s new 52-week highs… (Dec 05-11)
This week we note a nice rebound from the Metro Inc. (MRU) stock. It’s jumping at its 52-week high just 2 months after hitting its 52-week low.
Here’s this week’s new 52-week highs stock list …
It has many positive attributes: Strong management, great business model and a niche business model. Their tenant usage is a smaller model. They are well positioned. They can't fight the tide. It is a difficult operating market. There are high vacancies there and they have to be competitive in signing new leases. He would not…
Focused on the US sunbelt. Office industrial. There is a nice discount. The catalyst could be in the next quarter where they announce a spinout of at least one of their sectors. The new entity could have a better cost of capital or have a better growth rate.
There are other ways to do real estate. He likes Tricon. He thinks there might be a continued setback for student residences. Tricon has housing in the US where there is demand for their houses.
Among Canadian apartment REITs, CAP REIT gets all the love, but also the price appreciation. Actually, Killam's chart is nearly identical to CAP REIT year-to-date and pays a healthy 3.88% dividend yield (CAP REIT pays 2.84%). Whereas CAP REIT is centered on Toronto, Killam focuses on Atlantic Canada, namely Halifax and Charlottetown. Another difference is…
A hold. A value name in apartments in Canada and the U.S. He's impressed with how stable their Toronto portfolio is, holding occupancy quite well. MGR is in the US sunbelt and Chicago. MRG is higher-leveraged. He's seeking REITs that are defensive. He doesn't see as much growth here vs. the REITs he already owns.…
65% Walmart. It is retail, anchored primarily by Walmart. It comes with very low rent growth but an attractive distribution growth that is quite safe. He can find growth and value elsewhere, however.
Great mixture of regulated utility assets with strong, stable cashflows along with development arm for renewables for public and private buyers. Everyone is being pressured to have cleaner energy. Good development opportunities at premium prices. The world is short of power. Yield is 4.67%. (Analysts’ price target is $21.60)
A good dividend play. The yield is at 4.6%. People tend to focus on the tech side of green stocks, but this has utilities that have consistent income. They are a potential takeover target for Brookfield so the price has recently shot up. Could get decent returns.
🛢 Basic Materials
He bought it late. He thinks it is a good play right now. There might even be a higher bid coming in. It sticks out as a good play right here.
It is one of a small group of major grocers in Canada, a really well managed company. He would buy it on any weakness. It is a good defensive stock to hold over the long term. He sold it recently because it had had a long run.
Short vs. long term bonds. Generally as the expectation comes for rate hikes, you want longer term bonds. You don’t want corporate because if the economic slows, you just want government bonds.
He prefers corporate bonds because they yield more than government bonds. Prices will probably continue to fall. You are getting a bigger yield payment than the yield to maturity on the bonds themselves. CBO-T would be the replacement for this ETF.
How do DLR and DLR-U work? One bets on the US dollar, and the other bets against it. They're currency plays. He prefers betting on it, the DLR, because the USD is on the upside.
(A Top Pick Jul 31/19, Up 0.4%) This is a way to lower volatility. A return of 2.15% per year, paid monthly. Hold it during volatility, sell it, and use the return to pick up your cyclicals during periods of seasonal strength.
Use this list wisely to identify buying opportunities.
Happy trading !