This week there were 22 Stock Top Picks and 2 ETF in a wide range of industries: Consumer, Industrials, Technology, Financials, ETF, Utilities, Basic Materials, Energy and Healthcare.
(A Top Pick Oct 31/18, Up 9%) His target is $2,100. They is primed for continued growth. AWS is a powerhouse, unlimited. Even in the latest quarter they showed a big win in subscriptions. In a correction or recession, all Amazon has to do is expand their e-commerce margins and still do fine.
BRP INC. (DOO-T)
Ski-doos. Has a fairly mediocre track record at the moment. In hugely better shape than Bombardier (BBD.B-T).
Walt Disney (DIS-N)
November is when they will launch their new direct to consumer product at a very attractive monthly price. The purchase of 21st Century Fox adds a lot of new content to integrate into their operations. The stock is reasonably priced. Yield 1.28% (Analysts’ price target is $154.71)
Alimentation Couche-Tard (B) (ATD.B-T)
Why did it split? He owns this one and it has done well over the long term. He would buy again and it is fairly defensive. The idea of splitting allows smaller investors to get in and that is probably the idea here. He does not think it is a problem they split.
(A Top Pick May 18/18, Down 19%) He still sees good opportunity going forward. He owns this personally as well. Yield 2.2%
Toromont Industries (TIH-T)
*Short.* The only Caterpillar dealer in Ontario as well as having a small business in arenas. Have benefited for years from an increasing mining sector, and in Ontario it is primarily gold related, and gold miners are not doing that well. Also trading at a pretty hefty premium to the competition. A strengthening US$ means…
He added to his holding in the last quarter, still likes the chart. All software has had a correction in the past few weeks, but long-term rgowth stocks will move higher. (Analysts’ price target is $469.90)
(A Top Pick Oct 16/18, Up 30%) This is a leader in the software and software services sector. They are investing in the right proportions. Stick with it.
Alphabet Inc. / Google (GOOG-Q)
(A Top Pick Aug 21/18, Down 3%) It is part of his fund and has been flat for some time. On the back of government action that we are seeing from the tech world, Google looks fantastic. It is very interesting again. They are a leader in autonomous driving.
Lightspeed POS (LSPD-T)
Will be a similar story to Shopify. Will have big swings around earnings and if there is a missing. Would wait for a pullback. One of the top performing stocks in the market this year. (Analysts’ price target is $49.43)
(Market Call Minute.) High Magna (MG-T) exposure, but they are working through the leases. There may be some possible property sells to limit that exposure. He is waiting to see what happens.
JP Morgan Chase & Co (JPM-N)
(A Top Pick Jun 05/18, Up 4%) The banks have come under pressure lately, but he continues to recommend it.
Americold Realty (COLD-N)
The only holder of cold warehouses. Temperature controlled for storage close to consumers. The value will continue to grow as investors understand their strong hold in the market. Yield 2.33% (Analysts’ price target is $36.07)
BSR REIT (HOM.UN-T)
A small Canadian REIT focusing on US middle market apartments. He likes these specific markets because they less risk around the affordability and the ability to raise rents without regulatory issues. They are trading at a discount to NAV, which confused him why they issued at a discount. Yield 4.4%
Firstservice Corp (FSV-T)
One of the top capital allocators. Valuation is stretched. They continue to growth organically. Lots of recurring business. They dominate the apartments management side of things. He will hold to it. Strong company. It is a little sensitive to the economy, so you have to watch for that.
Toronto Dominion (TD-T)
He predicts interest rates will rise long-term which will benefit banks and lifecos. TD has a great chart and is close to highs. Buy on any short-term weakness.
TMX Group (X-T)
This was facing concerns about NASDAQ coming into Canada and taking some listings, but to him, this is much better than Amazon in some ways, because they have all the shoppers and they have all the products. It is going to be very hard for someone to come in and take the listings. They finally…
A green tech ETF with Tesla as the largest holding. It is risky, though you're not betting a specific company or technology, but rather a wide range of companies and techs, like LED lights and e-cars.
US Vegan Climate ETF (VEGN-Q)
It's brand new. It replicates the S&P minus companies involved in animal testing and cruelty as well as being fossil-fuel free. VEGN performs slightly better than the S&P. It's still exposed to large caps though.
Wind in the North Sea. They started in Canada. They decided two years ago whether to put themselves up for sale and it did not go through. It has stable cash flows and there is potential for a rising dividend. Debt goes up when projects are build and then when completed, cash flow goes up…
🛢 Basic Materials
Impressive run. Looks very nice here. You can draw a straight line up and to the right, and as long as it stays above the 200-day MA, you're good. Use that as a stop for a full exit. Upside is unlimited, but you have to be careful. Good exit points are the 30-day MA or…
Adriatic Metals (ADT-AX)
They have a developing tier-one deposit that they major would fight over. Downside is they haven't proven the huge upside, though they have proven the high grade. Also this is Bosnia, a post-conflict country without a mining code. This is a risky investment but offers great potential. He owns a lot of it. (Analysts’ price…
He's skeptical of biotechs, especially small-cap, because their new products either get approved or not. An investor really must study this industry well to understand it. He doesn't invest in this space.
This post summarizes the top picks weekly. The previous week’s stock picks list is available for an additional week using the link below. Refer to Daily Top Picks available in the All Top Picks pages to browse the all-time top picks archive.
Use this list wisely to identify buying opportunities.
Happy trading !!!