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…
It was flatlined for three or so years as they acquired, but they have done well recently. He has a similar idea in his top picks, so he won't comment much here.
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.
🛢 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…
$37.56 is his target price. He'd buy it at $39, $10 below the current price. We might see that. Not a fan of this.
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’…
He just sold it. It's had a fine upward trend since 2016. Had good volume today, which was a pullback. No reason to sell it. It may pause this summer, but don't sell.
The risk is they own a bunchof U.S. real estate tied to medical practices and there were changes in the competitive landscape in some states. They bought a company recently that spiked the stock. He's met and likes the management. But they carry a lot of debt. He believes they'll sail through it, but the…
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 whole group has gotten cheap, but he sees little growth with this one, not until 2020 with some of their U.S. assets. Boasts a 12% discount in its NAV. It's a yield proxy. There are better REITs, but the current price of this is decent.
(Top Pick Jan 29/15, Up 16.82%) A very solid management group. They had problems digesting their acquisitions. He got out earlier in the year and intends to now get back in.
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !