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…
Circle-K is their brand. They are linked to convenience stores and gasoline sales. There has been consolidation in the gasoline retailer space and margins in the space have been great. He would continue to hold. (Norman Levine)
It is the best run of the grocery stores. They made an acquisition to get into delivery in the downtown core. Nice dividend yield and you can sleep at night. (Bruce Murray)
Unbranded clothing manufacturer. They have opened up a new facility. They have consolidated operations which should drive margins higher. They generate a lot of free cashflow. They have been buying back shares and increasing the dividend. Having success with the direct to consumer piece. Yield = 1.51% (Analysts’ price target is $47.26) (Ryan Modesto)
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)
What vehicle to park cash? Any money market funds and short-term ETFs. Don't buy a bond ETF, but rather something under three years--you're not paid more by going longer. Stay short like XSB-T. Charges a very low MER. (Michael Sprung)
(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…
TELUS VS ROGERS All Canadian telcos and utilities are overpriced as investors expect a recession later this year of mid-2020. $39.52 is his target price for Telus; $61.22 for Rogers. Investors are attacted by the yields. (Brian Acker, CA)
🛢 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.…
They're focused in Serbia. They have a good land package; major joint ventures wtih a copper producer; and they're drilling. Their market cap is reasonable and they have working capital. Just waiting for drill results now. (Analysts’ price target is $0.20) (Joe Mazumdar)
Is the dividend safe? Stable company. Their price to book is 2.41. (Above 3 is a red flag.) So, they can pay their dividend, yet acquire new projects.Their PE is 17. He hasn't seen any issues with PEGI. As long they keep earning those cash flows and pay that dividend, this is fine. (Tim Nash)
$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. (Brian Acker, CA)
They sold a big part of their financial side last year, so they have a lot of cash. They increased their dividend. Otherwise, how will they deploy this capital? It can't only be share buybacks. They dominate in legal, accounting and finance, though the latter had depressed margins for a long time as they competed…
With this new 4-year cycle, transports will do well including AC. True, we'll continue to see weak world economic data, but this data is always backward-looking while the market looks forward. This ia great chart with a long sideways consolidation, then has broken to the upside. He is targeting $40. (Analysts’ price target is $41.31)…
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)
He's researched this a lot. It's a roll-up strategy buying hospital centres which he likes; it has a decent runway. Their last few acquisitions have dogged them with weak growth. They need to execute in the next few quarters before he steps in. They need to get over the hump. (James Telfser)
Bought it a year and a half ago. Very well managed. They have four verticals: infrastructure, renewables, property and private equity. Very global. Long term secular. Great investment. (Christine Poole)
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)
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…
He bought the bonds over the years. He used to own the stock. They were playing catch-up when they developed their wireless market. They still have to reinvest a lot of money into their network. The easy money has been made. They are limited in their market in Quebec. (Stephen Takacsy, B. Eng, MBA)
Continue with the 52-week lows here.
Use this list wisely to identify buying opportunities.
Happy trading !