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.
Other well known names include Rogers Communications, Air Canada, Thomson Reuters Corp. and Quebecor.
This week’s new 52-week highs…
Alimentation Couche-Tard (B)(ATD.B-) TSE
(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.
Very expensive, trading up near maximums. Be patient, let things fall to something that will give you a better rate of return.
Gildan Activewear Inc (GIL-T) TSE
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…
iShares Premium Money Markey E.T.F. (CMR-T) TSE
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.
Horizons U.S. Dollar Currency ETF (DLR-T) TSE
How do DLR and DLR-U work? One bets on the US dollar, and the other bets against it. They're currency plays. He prefers betting on it, the DLR, because the USD is on the upside.
iShares 1-5 yr Government Bond ETF (CLF-T) TSE
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.
iShares DEX Short Term Bond (XSB-T) TSE
(A Top Pick Jan 22/20, Down 1%) Not the best returns, but better than pure aggregate bond exposure with its 7-8 year durations.
Purpose High Interest Savings (PSA-T) TSE
It is backed by bank accounts or deposit accounts at chartered banks, in other words a quasi money market fund.It is pretty stable with only the credit risk of individual banks. It has similar yield to a previous caller's suggestion - HSAV.
BMO Short Term Corp Bond E.T.F. (ZCS-T) TSE
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.
BMO Short Term Fed Bd E.T.F. (ZFS-T) TSE
(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.
BMO Short Provincial Bond ETF (ZPS-T) TSE
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…
Rogers Communications (B)(RCI.B-T) TSE
3% dividend, but perhaps a more robust growth rate and more diversified income stream than others. A better bet than Telus.
🛢 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.
Pattern Energy Group (PEGI-T) TSE
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.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. FTS has raised its dividend every year of the past 50+.It does have a lot of debt, but it is in a regulated industry, with consistent and stable cash flow, regardless of economic conditions.We cannot guarantee future increases, but we can say it is a…
Thomson Reuters Corp (TRI-T) TSE
Fundamentally a strong company.Recent increase in shares makes name expensive.Waiting for shares to fall before buying.Long term is a good investment.Very strong assets and management.
It's consumer discretionary and we're heading into a recession. Lord knows what'll happen to fuel prices. Too many unknowns. Ottawa is limiting flights into Pearson to relieve that airport's congestion. Flying AC is very less pleasant now and frustrating.
AEterna Zentaris Inc (AEZS-T) TSE
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.
Medical Facilities Corp (DR-T) TSE
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.
Brookfield Asset Management Inc (BAM-N) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Lower interest rates are certainly more helpful to the Brookfield group. The company has a massive amount of capital to deploy. If valuations continue to fall, we would expect a lot of deals. Higher rates of course lower the potential return on deals, but if valuations are lower…
First National Financial (FN-T) TSE
It’s slowly moved up from $28. The pullback is a natural phenomenon after the pop. Lots of volume. He would buy it here.
H&R Real Estate Inv Trust (HR.UN-T) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Repositioning property portfolio for growth. Good yield of 4.4%. Reduced debt balance. Repurchasing units at a discount to NAV. Unlock Premium - Try 5i Free
Allied Properties REIT (AP.UN-T) TSE
Way off from highs. Covid has changed how and where we work. What is your conviction level that office occupancy will revert to the pre-Covid mean? What's the timeline for that? He doesn't have the answers. It's in the "too hard" pile. If looking for a similar yield, try BCE.
Freedom Mobile will be a good purchase so it will diversify the business away from legacy cable into mobile phones, and the deal will be approved after a long wait. They're underexposed to wireless, which is why this trades at a lower PE vs. peers.
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !