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…
A stable business, the largest convenience store operating in North American, with further outlets in Europe. Their strategy is to price sharply on oil to draw traffic, then lure those customers to buy items like soft drinks and cigarettes where the gross margin is 3-5x higher than gas. Boasts good organic growth with a history…
Purely defensive. They've been increasing their dividend 10% yearly. A place to hide during the storm. (Analysts’ price target is $46.96) (David Driscoll)
Dropped off the radar. In the consumer sector, which it's dominated. Stock's been going sideways, but recently it's breaking out. So it looks interesting from that standpoint. This is a safe sector, and Gildan does an excellent job. Yield is 1.4%. (David Cockfield)
Stock vs. Stock. FIE-T vs. CMR-T. CMR-T is a money market fund. FIE-T is a multi holding income strategy holding all kinds of assets, so there will be more volatility. When markets are up go into CMR-T and FIE-T when they are down. (Larry Berman CFA, CMT, CTA)
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. (Larry Berman CFA, CMT, CTA)
In his institutional mandates, he has to have a minimum of 30% in fixed income, and he is not particularly positive on bond returns over the next 12-18 months, as he expects longer-term interest rates to start rising. In his case, he has 7.5%, and 30% is in the short-term bond index XSB-T. He is…
(A Top Pick Aug 31/18, Up 0.4%) Yields 2.15%. As he raised cash before seaonal volatility in September and October, he parked that cash here. As the market plunged, he was 50% cash in August. (Jon Vialoux)
This will improve, because bonds mature at par, then you re-load at higher interest rates. The ETF is down, but don't sell. This will correct and you will benefit from higher interest rates. Be patiebt. (Paul Gardner, CFA)
(A Top Pick April 7/16. Up 0.09%.) This is a short duration portfolio of bonds in Canada. A good defensive place to be. (Jon Vialoux)
Short Term Provincial Bond ETF. Safer than corporate and more zip than federal but not significantly so. He would still prefer the corporate side. (Mark Carpani)
(Past Top Pick on Feb. 15, 2018, Up 29%) An acquisition last year accelerated their move into the Cloud which is higher growth. The market didn't appreciate this move until MNW announced a few solid quarters. Then it was announced a private equity company would acquire MNW. Currently, they're in a period where MNW can field…
T-T vs. RCI.B-T vs. BCE-T. Nobody knows which one will do better. The best way to play it in the utility space is ZWU-T, which gives exposure to Telco's, pipelines and utilities. These things are interest rate sensitive so you will not get much capital gains and you have to be cautious. (Larry Berman CFA,…
🛢 Basic Materials
(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.…
Very good project in China. A joint venture with the local government. Business license was not renewed and their exploration license expired. New management seems to be making some progress. Risk/reward is really quite good. (Robert Cohen B.A.Sc., MBA, CFA)
Hit pretty hard by Doug Ford announcement. The selloff was overdone, but doesn’t think Pattern’s projects were cancelled. Have more of a solid backing with partnership with Brookfield. Nice dividend. Pure play renewable energy to own for the dividend. Announcement means projects will be pushed out of Ontario. (Tim Nash)
Likes this, because 96% of their revenues are regulated--guaranteed. They manage 11 regional electric and nat. gas utilities. Very stable demand. They have big capital expansion projects in Arizona, northern Ontario and elsewhere. A great homegrown story. Very well-managed. (Brian Madden)
This company has gone through a lot of changes. A good business, but trades at very expensive multiples. He would diversify into something more reasonably priced. (Bryden Teich)
It's done well, as all airlines have. But he's not in this industry. Airlines are very cyclical with high fixed costs (e.g. airport landing fees, unions). Then again, this is seen as an anti-oil trade. So, you can own a big consumer of oil--airlines. He sides with the former and avoids this space entirely. (Brian…
Rather bad couple of days. Was down substantially, outside of a range. Consolidated. It broke down and is more likely to go down. $1.50 on the downside. (Jeff Parent B. Eng. FCSI CIM)
(A Top Pick Dec 11/17, Up 21%) Pays over 7% dividend. This stock could really go. They own little surgical hospitals and outpatient clinics. They have a deal where doctors own the real estate and manage, while they share in the profits with DR. A very good model (Bruce Murray)
She likes their private equity space. They have a number of arms of infrastructure. She has a number of companies that do similar things, which give the same kind of dynamics. Prefers a Tricon (TCN-T) or a KKR (KKR-N) instead. (See Top Picks.) (Jennifer Radman)
They have raised dividends, which signals confidence by management – who also owns the majority of shares. It has a service advantage and get loan turnarounds quickly. Brokers have technological advantages and there is reoccurring capital. Once a mortgage is closed it becomes highly visible and it shows the cash flow path. (Steven Ko)
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. (Joshua Varghese)
Always liked it. It's the best in class, dealing in the industrial space in Canadian cities. They have executed very well. They beat their last quarter and outperform the market. But it trades at a pricey 26x AFFO which gives him pause. It rents small office space that's attracting tech companies. This is in the…
(A Top Pick Sept 23/16. Up 18%.) There is more to go on this. He still models 19% EPS. Looking for it to go to $54. (Greg Newman)
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !