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Stock Opinions by Brooke Thackray

COMMENT
The market has been very volatile - last week was a big flip from the previous two weeks. The Canadian market is set to do well and could beat the U.S. The Federal Reserve has been supporting the market and is now planning regular interest rate increases. This combined with inflation moving higher and some early signs of a slowing economy will hurt the market. With possible softer markets towards the summer, investors should become more conservative or defensive as spring moves along.
Unknown
WAIT
It had good earnings results and has been in a bit of a trading range lately. It is well run and has done well in recession. As far as growth is concerned it is making fewer acquisitions - from 70% down to 30%. The headwind is inflation and sky rocketing gas prices causing people to drive less. Wait to buy.
food stores
VAGUE
It is cyclical and has done well with the good commodities cycle. Had a beat on earnings. It is in the right spot as metals will do well in April. Has a high debt load. Be cautious and maybe sell some for profits.
0
DON'T BUY
Not his favourite place to be. The Canadian market is better on a seasonal basis. Be careful of timing and wait for corrections.
E.T.F.'s
VAGUE
Not cyclical like car companies, etc. Being a fertilizer company it is considered agricultural. Fertilizer is co-related to the price of wheat and other grains which can keep rising. Regarding the question on the strike at CP, there should be little effect on Nutrien at this time. Sept./Oct. would be different since that is the harvest season.
agriculture
COMMENT
A bet on the U.S. dollar going higher. Would consider XPS, the Canadian equivalent. Regarding the question on dollar cost averaging, this is good for getting in and out but set your parameters ahead of time. Dollar cost averaging is bad when an investor buys a full position all at once and then buys more when it gets cheaper.
E.T.F.'s
Unspecified
It holds physical bars of gold and is a good product overall. We are near the end of the gold seasonal period but gold is good for the long term.
0
Unspecified
It is a decent company which is earning its stripes back. There is still upside if management continues to be diligent to their commitments. Oil is still in a seasonal uptrend.
oil / gas
PAST TOP PICK
(A Top Pick Dec 23/21, Up 36%) Banks have done well and are getting close to the end of the seasonal period so there may be some weakness. Reducing exposure.
E.T.F.'s
PAST TOP PICK
(A Top Pick Dec 23/21, Up 26%) Nearing end of seasonal period so on following the mandate sold last position. But gold still has room to run and can do well.
E.T.F.'s
PAST TOP PICK
(A Top Pick Dec 23/21, Down 16%) Mainly silver. Had some lumpiness but operations on target now. Expecting 30 million ounces of silver equivalent in 2023. Should do well as a major silver producer. In response to a question re gold and silver he prefers gold as more stable.
precious metals
COMMENT
In response to a question on oil and gas stocks, the trend is they do well between late February and early May. But it has a seasonal tailwind so the upside could continue. Look at your parameters when buying and consider early May as a point to exit.
Unknown
Unspecified
It is working so let the winners run. April is good for Teck since April is commodity month, the best month of the year for commodities, maybe not as much with gold and silver. On a seasonal basis start selling in early May.
Mining
HOLD
Hold on to it but then exit early to mid May. One of his favourites in the energy sector is CNQ and other larger names. We are at the tail end of the smaller names.
oil / gas
VAGUE
It is at all time highs and is in the middle of the banks pack. It is still good and he still holds banks. We could see some weakness in the sector so be cautious.
banks
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