Canadian Markets have been trading up since the beginning of the year on optimism for a trade deal between the U.S. and China. Alimentation Couche-Tard still makes the list as it kept going up even when markets were falling.
Here are the stocks hitting their 52-week high….
What vehicle to park cash? Any money market funds and short-term ETFs. Don't buy a bond ETF, but rather something under three years--you're not paid more by going longer. Stay short like XSB-T. Charges a very low MER. (Michael Sprung)
You use this to park your cash. Not a long-term investment. This is for the short-term. Has very small price swings. If central banks raise rates, XSH will trend down. (David Cockfield)
(A Top Pick Nov 6/14. Down 75%.) One of their key assets is an oil/gas services business, so it has come under a lot of pressure. This is a high risk/high reward situation. Still very much a binary outcome. It is either going to come under a lot of pressure with bankruptcy risks, or the…
(A Top Pick March 2/17, Up 9%) Sold it, but then the stock got too cheap, so he bought it back. He was unhappy with their inability to solve metallurgical problems in Eritrea. The stock sold off because their Serbian deposit won't produce cash for a while. There were alleged human rights abuses in Eritrea.…
It is Canadian domiciled and European focused and does not attract a lot of investors from either continent. He likes it. (Rick Rule)
(A Top Pick Apr 30/18, Up 103%) Doesn't act like a gold stock. Took profits. Fantastically well run. Owns Franco-Nevada now. (Hap (Robert) Sneddon FCSI)
It's really hard to find a silver deposit, so that's probably why they moved away from silver operations. (Brent Cook)
They are turning themselves into a mid-tier producer of gold. They have invested into exploration of another significant mine that could result in a very positive reserve assessment. They found some interesting high-grade zones in the new mine. Their long term Eagle mine is also able to expand. Yield 0%. (Analysts’ price target is $5.28)…
Quebec area. They have new management. New geophysics has been done. They realize there is a lot more going on in this area. He prefers other operating in the same area. He thinks there is nothing going on on the property MKR-X operates in. (John Kaiser)
Have done an excellent job growing the company. It has been recognized in the stock price. If you are buying here you really have to believe that gold is going significantly up. (Rick Rule)
A portfolio of US properties. It also has some interesting properties around the DVP area in Toronto. The CEO is one of the few people that not only knows how to buy, but also how to sell. Thinks that at some point, he will sell the entire company if he can, or bit by bit.…
Wish he had owned this much earlier. Beautiful chart and dividend over 5%. They flattened then shares started lifting when interest rates looked less hawkish. It's been doing quite well. He just bought it after the new year. (Analysts’ price target is $10.14) (Mike S. Newton, CIM FCSI)
North West Company (NWC-T) TSE
(A Top Pick Feb 22/18, Up 23%) He bought at the right time; NWC has since benefitted from the rise in defensive stocks. It's a multi-year secular grower, insulated from competitors. NWC bought a small regional airline and have struggled to integrate it into their supply chain, and were hit hard in the Caribbean where…
A success story, expanding their acquisition over the years. It's priced as a growth stock and beyond valuations he would consider. They've done well with convenience store with strong margins. U.S. fuel margins rose higher than the street expected, too. But if you own this, perhaps move into something more conservative--take some profits. (Michael Sprung)
A tech company based in Calgary. They have a platform through which oil companies can take in receivables. If you are a driller and work for an oil company, you would send in your invoice through this platform. Oil companies like this, because it allows them to save quite a bit of money. The stock…
He's researched this a lot. It's a roll-up strategy buying hospital centres which he likes; it has a decent runway. Their last few acquisitions have dogged them with weak growth. They need to execute in the next few quarters before he steps in. They need to get over the hump. (James Telfser)
Use this list wisely to identify buying opportunities.
Happy trading !!!