This week’s new 52-week highs… (Dec 05-11)
This post lists the Canadian stocks on Stockchase hitting their 52-week low. If you are looking for the 52-week highs you can find it here.
This post lists the Canadian stocks on Stockchase hitting their 52-week high. If you are looking for the 52-week lows you can find it here.
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 …
Allied Properties REIT (AP.UN-T) TSE
Way off from highs. Covid has changed how and where we work. What is your conviction level that office occupancy will revert to the pre-Covid mean? What's the timeline for that? He doesn't have the answers. It's in the "too hard" pile. If looking for a similar yield, try BCE.
H&R Real Estate Inv Trust (HR.UN-T) TSE
Stockchase Research Editor: Michael O’Reilly We reiterate, HR-UN, one of Canada's largest REITS holding $11.4 billion in assets in North America, as a TOP PICK. Its strategic plan is refocusing on growth orientated residential and industrial properties. It trades at 4x earnings and under book value. The yield is good and backed by a payout…
There is lots of value here due to a supply and demand imbalance leading to big growth in rents. There are 400 to 500 thousand new Canadians arriving annually in the next couple of years with not enough space for them. Also foreign students who stayed away during the first two years of the pandemic…
Killam Properties Inc (KMP.UN-T) TSE
Highest immigration to maritime provinces in Canada ever(own lots of properties in maritimes). Excellent dividend yield with discount to net asset value. Superior return to buying a GIC. Would recommend buying.
Morguard North American REIT (MRG.UN-T) TSE
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.…
It operates across Canada with its principle tenant being Walmart. Has stable cash flow with little growth although it is increasing density in existing space. He feels there are other places to be in real estate.
Algonquin Power & Utilities Corp (AQN-T) TSE
Allan Tong’s Discover Picks Then, last Friday when markets were selling off yet again, AQN rallied 3% after issuing its latest report. Q4-2022 adjusted EPS came in at $0.22, which missed the street’s estimate of $0.27, while the full-year clocked in at $0.69 “near the top end of” their revised guidance. At least Q4 adjusted…
Pattern Energy Group (PEGI-T) TSE
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
(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%.
Very expensive, trading up near maximums. Be patient, let things fall to something that will give you a better rate of return.
iShares 1-5 yr Ladder Corp Bond ETF (CBO-T) TSE
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.
iShares 1-5 yr Government Bond ETF (CLF-T) TSE
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.
Horizons U.S. Dollar Currency ETF (DLR-T) TSE
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.
Purpose High Interest Savings (PSA-T) TSE
It is backed by bank accounts or deposit accounts at chartered banks, in other words a quasi money market fund.It is pretty stable with only the credit risk of individual banks. It has similar yield to a previous caller's suggestion - HSAV.
Use this list wisely to identify buying opportunities.
Happy trading !