This week’s new 52-week highs… (Nov 28-Dec 04)
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 Top Pick Feb 01/22, Up 12%) Well-run and positioned to offer e-charging stations given all their stations and locations. Well-financed. Still has a little more upside.
He sold this a while ago and has now added it back. As a defensive stock it is one of the better plays over the next one or two years.. It has done a good job of re-vamping its stores and most of its capital spending is done. Buy 1 Hold 10 Sell 0…
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. GIL has performed well amid a challenging macro outlook, and is now trading at a 10.5x forward P/E. In the 4Q, GIL’s revenue declined 8% to $720M, missing estimates of $761M and EPS of $0.65 slightly missing estimates of $0.68. GIL’s management expects margin pressure in…
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.
Stockchase Research Editor: Michael O'Reilly We reiterate this US dollar ETF as a good defensive strategy. If there is a market run to safety, this low fee ETF is a good way to buy some protection. We continue to recommend a stop-loss at $13.25, looking to achieve an initial upside target of $16 --…
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.
(A Top Pick Nov 15/22, Up 0.3%) Last November it was about being cautious and taking advantage of short-term rates. We're in a new world, getting 4-5% in safe T-bills. This was about being safe and getting cash while sitting and waiting.
(A Top Pick Jan 09/23, Up 3%) Strategy was to hold cash as interest rates were rising. Zero risk asset.
In a rising rate environment, you might want to stick to a shorter term. ZCS is a short-term, corporate, investment-grade ETF. Had drawdowns, but not as bad as a typical aggregate bond or high-yield ETF.
(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.
Short provincial ETF. With Provincial bonds you get a little bit of pickup vs. Federal. He prefers ZPL-T for long provincials as opposed to short. He wants more long bond exposure.
(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…
It has good penetration into the New Canadian population which is leading to explosive population growth. There has been a lot of noise over the SHAW acquisition but it looks like the integration of the acquisition is going well. It sits at an attractive valuation. Buy 15 Hold 3 Sell 1 (Analysts’ price target…
🛢 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.
(A Top Pick Mar 05/19, Down 33%) A copper play in Serbia. It has three joint ventures including Newport. They still have a large land package that could lead to other projects. They also have assets in Bulgaria. He will continue to hold it.
A good dividend play. The yield is at 4.6%. People tend to focus on the tech side of green stocks, but this has utilities that have consistent income. They are a potential takeover target for Brookfield so the price has recently shot up. Could get decent returns.
Core income stock. Time to build a position. Reaffirmed annual dividend growth of 4-6% until 2028. Investment-grade balance sheet. More than 50% of revenues are from US. Reasonable payout ratio. Yield is 4.3%, and grows every year. (Analysts’ price target is $57.95)
Has found focus in the last 5 years. Pruned its portfolio, sold non-core assets. He'd keep holding. Don't buy today, as valuation is too high.
Rising energy costs putting it under pressure. Revenge travel on leisure, business side is picking up. Basing since 2020. Now at 200-day MA, so if you own it, hold on for now, but look for a chance to exit or trade.
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.
Has pulled back a lot. It holds US medical property. It has suffered inflationary pressures, but will diminish in 2023 and the stock will recover. Don't sell it in the current Dutch auction.
It’s slowly moved up from $28. The pullback is a natural phenomenon after the pop. Lots of volume. He would buy it here.
(A Top Pick Mar 21/23, Up 0.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with HR.UN has triggered its stop at $11.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 9%, when combined with the previous buy recommendation.
Thinks office use will continue despite remote work.Interest rates tough on business (debt levels & alternative bond yields).Well run business with solid management team.Pressure on stock lately - unsure on future of the business.Difficult to ascertain future of office REIT sector.
Good value, whole sector's been in a funk. Got a good price for Freedom Mobile. Good operators. Better growth potential, as they can now operate outside of Quebec. Wants to see capex plans for Western expansion before adding to his position.
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !