This week’s list of 52-week highs & lows was so long we separated it on 2 posts. You will find the 52-week highs list in the post below. If you want to look at the 52-week lows you can find it here.
Among the stocks reaching their 52-week highs this week some are often mentioned by stock experts on Stockchase : Alimentation Couche-Tard, Metro Inc. and Gildan Activewear Inc. among others in the consumer category.
This week’s new 52-week highs…
Circle-K is their brand. They are linked to convenience stores and gasoline sales. There has been consolidation in the gasoline retailer space and margins in the space have been great. He would continue to hold.
This typically does really well from April to July, but once you get into July, it tends to move lower. We are now past the period of seasonal strength. Stay away from this for now. There are other opportunities.
(A Top Pick January 20/17 Up 11%). Earlier in the year there were concerns the Trump Administration would institute a border adjusted import tax, but this seems to have faded away. They are a low cost producer and he continues to like it. Good company with a great balance sheet.
For short-term investors such as money market types. Simple way to get broad, low cost diversified money market exposure.
Likes this because he can strategically hold his cash in US$s. He is always aware what it costs to do these things. The MER is only a half percent.
(A Top Pick March 4/10. Up 1.95%.) Yield to maturity is the most important thing and is currently about 2% and current yield is about 3.6%.
All this does is to invest in high interest deposit accounts. It is a constant steady stream of income. He hates recommending cash, but this is essentially a place to park your cash during the summer. You will at least get your 1% annual income.
Short Term Corp Bond ETF. Doesn't think there are risks any more with corporate bonds. This will give you a bit of yield pickup without venturing into preferreds. (Similar to XCB-T, which he owns.)
Short gov’t bonds. ZFT-T is a smart money market index and they are as good as money markets. He is okay with short term bonds except right now he does not like the interest rate risk so is holding corporate short term bonds.
Short Term Provincial Bond ETF. Safer than corporate and more zip than federal but not significantly so. He would still prefer the corporate side.
One of his Top Picks previously. Thinks merger with Astra will create a lot of synergies for them. Thinks their numbers continue to rise up.
(A Top Pick Jan 25/18, Up 24%) 2.6% dividend. The best performer in this space in the past 3-5 years. He likes telecoms because they're defensive yet growth and has a long runway through phone upgrades.
🛢 Basic Materials
They acquired a copper mine in Serbia. He owned it because it was trading at cash for the longest time. Now it is a development play and he does not like copper that much. He got out, but would not short it.
A non-refractory ore deposit which is easier to process. Market capitalization is $50 million Cdn which is very low the size of ore body. Very undervalued and underfollowed.
An independent power producer. They have about 3000 MW of basically US based, but they do have some projects, primarily wind, in Ontario and Manitoba. Trading very inexpensively. They have the ability through their parent Pattern Energy Group (PEGI-Q) to vend in new development projects, so they don’t sustain development risks. They are 89%-90% contracted…
Problem is, Fortis has shot up in price, like all dividend stocks. It's been raising its dividend for 40 years. He'd rather buy Keyera or Pembina which offers more growth. But definitely hold FTS if you own it.
Just pulled back because of near-term concerns on upcoming European regulations, but believes that will ultimately create a tailwind as clients need to adapt a system to manage these new regulations. Trading at a 4-year low. He models a 6% EPS growth. They have an active Buy-back. Good balance sheet. Dividend yield of 3.1%. (Analysts’…
Target price? Great to own for the last 6 years, and one of the best-run airlines in the world. Great performance since late-December. You won't see the same upside this year, but AC remains attractive. It can keep growing by bringing its rewards program in house and using more efficient planes. You could see a…
Some new hospitals coming into their areas were challenging this company's existing facilities, and the stock dropped substantially. He started buying it below $15. Likes the dividend yield, and doesn't think it will get cut. Just announced an acquisition of some US properties. Dividend yield of close to 9%.
2 parts, Brookfield Properties and 60% Brookfield Renewable Properties consisting of renewable power, hydro in NE US and Ontario. Very projectable cash flows and reasonable CapX expenditures. Their properties have about 95% occupancy with about a 4% lease roll over.
In the business of originating and then later bundling and selling mortgages, mostly to some of the larger Canadian banks. With his views on the Canadian consumer, where housing is and slowing mortgage growth, he thinks this company’s business will slow. Would prefer places where you get higher growth in financial services.
The company has been frustrating because it pays a good dividend but it has had a slow decline in stock price. Management at the right is similarly concerned about the stock price and is adjusting its portfolio--getting out of US retail and into US multifamily. In Canada it is a very high-quality commercial real estate…
(Market Call Minute.) High quality management team and a low payout ratio. A $35 stock with about $4 in development potential as it materializes in the next few years.
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !