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Stock Opinions by Paul Harris, CFA

WEAK BUY
Becoming more shareholder friendly. In this environment, bigger players are much safer. Involved in lithium and renewables, so this helps. Iron ore is their biggest business, and the slowdown in China has hurt. More stable than before, so not a bad mining company to own. Yield is around 7%.
other mines
HOLD
Watch earnings this month. Look at how increase in net interest margins is perhaps offset by slowing in mortgages. Loan book will be under scrutiny. This year has been tough on investment banking, due to few IPOs and little M&A. Examine strength of international operations. Great yield, low PE and price to book. Canadian banks have lots of capital, and you can get though these times owning them.
banks
COMMENT
With earnings about to report, any particular Canadian bank of interest ? He owns TD and RY in his core equity portfolio. Banks tend to be the foundation of an economy. Looking at them can give you insight into how the economy and consumers are doing.
Unknown
BUY
21x earnings, small yield. Uses free cashflow to buy back shares. Incredible growth in services. Next quarter or two might be difficult due to supply chains, but the products remain good. Any shortfall in revenue will be made up down the road. Worth buying here, especially on a day of bad volatility.
electrical / electronic
DON'T BUY
Grew rapidly through Covid, as streaming became so important. Streaming is here to stay. Spends a lot of money building content, when the others don't have to. Competition has ramped up. Model for advertising is not attractive. Choose others in better financial shape and with more strings to their bows.
Unknown
WEAK BUY
LNR vs. F vs. GM Doesn't like the car companies. Very cyclical. Difficult environment to be both a combustion and an electric car company. Combustion division has to pay for the part that isn't making any money yet. For example, TSLA has a much easier environment, as electric is all they do. Parts makers are in better shape, as they supply all the car manufacturers. LNR is not as diversified as MG.
transportation equip & components
DON'T BUY
F vs. GM vs. LNR Doesn't like the car companies. Very cyclical. Difficult environment to be both a combustion and an electric car company. Combustion division has to pay for the part that isn't making any money yet. For example, TSLA has a much easier environment, as electric is all they do. Parts makers are in better shape, as they supply all the car manufacturers.
Automotive
DON'T BUY
GM vs. F vs. LNR Doesn't like the car companies. Very cyclical. Difficult environment to be both a combustion and an electric car company. Combustion division has to pay for the part that isn't making any money yet. For example, TSLA has a much easier environment, as electric is all they do. Parts makers are in better shape, as they supply all the car manufacturers.
Automotive
WEAK BUY
MG vs. LNR Slight preference for MG over LNR. MG is much more global, bigger, and has a bigger presence on the electric side.
Automotive
HOLD
Trading at the top end of the PE range of telcos. 5G is going to be a big advantage. This is important, as they've spent lots of money on it, but it will benefit topline growth. Core businesses continue to do well. Nice yield of over 5%.
telephone utilities
DON'T BUY
Trouble is it's had lots of hype, but never achieved its goals. Hasn't grown advertising as aggressively as it wanted. Dilemma of allowing free, but not hate, speech. If you want to own it, reassess after the Musk acquisition.
0
PARTIAL BUY
Grew rapidly over last 2 years. Benefited from Covid, but now people are reevaluating its growth prospects. Now it's trying to be a fulfillment company. On very bad days, this stock will fall a lot, and you can nibble. E-commerce will grow and SHOP can be a big part of that. Pricing power in the right environment. Good opportunity at the right time, but this is not the right time.
0
BUY on WEAKNESS
Really likes the good secular growth of the cloud business. Stock will probably fall from here. Gross margins, free cash, and balance sheet continue to be strong. Hardware segment has slowed due to supply chains. ATVI is a great purchase. Pick your spots to buy. Higher a year from now.
computer software / processing
TOP PICK
Capital light. Large player in US residential property management. Makes acquisitions in a fragmented space, plus grows organically. Contracts include escalation clauses. Right time to own. Very strong management. Yield is 0.68%. (Analysts’ price target is $150.83)
other services
TOP PICK
Livestock segment has been challenged the last 2 years, but it's a consistent business over time. Pet side has grown incredibly. Great backlog of drugs, which can come to market faster than drugs for humans. With the pullback, good time to buy. Yield is 0.80%. (Analysts’ price target is $235.45)
Consumer Products
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