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…
He thinks their investment into cannabis will be phased in over time, but could be interesting. They have expanded well. It trades at 4 times book and close to 19 times earnings, which creates a high bar for future growth. He wonders if the margins and volumes in the convenience stores has the ability to…
Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. Empire has had its challenges but is starting to come back. This company would be somewhere in between the two.
He would be wary of this stock. They have had a pattern of disappointing earnings, and not likely out of the woods yet. There is political unrest in Nicaragua where they operate.
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.
He likes it at current levels and would start to pick away at it. A good, long-term dividend play. It's not recession-proof; it's a discretionary consumer stock.
🛢 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…
(A Top Pick Mar 22/19, Up 5%) Been on an uptrend since January. It's making a new high. Buy it--it'll keep making new highs, but if interest rates rise, you don't want to own utilities.
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’…
Likes this chart and he has recommended buying AC around $32. The Onex-Westjet news pushed this up, but it will trend down a little. A strong chart.
Got hurt. Margin compression. In US, it matters what can you get paid from Medicare. Missed numbers last 2 quarters, got clocked, now trying to get back onside. A “show me” stock. Stay away for at least another 6-12 months.
Really likes it. They did a very good job of buying assets at the right time. Have been able to monetize assets over a period of time and sell them off. Over a period of time you see it move sideways for a while and then it jumps.
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.
At these levels the valuation looks attractive. The dividend is safe. They don’t have as high a dividend growth outlook as other REITs though. A good hold for a diversified portfolio.
This is known as the niche brick and beam landlord in Toronto. 40% of their properties are in the downtown core. The name has pulled back recently, mostly related to the pullback in REITs. Also, 10 year bonds are backing up a bit giving a bit of consternation in the space. The name has come…
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !