Jamie Murray
Member since: May '18
Head of research at
Murray Wealth Group
Murray Wealth Group
116 Opinions
Latest Top Picks
(A Top Pick May 04/18, Up 24%) He actually doubled his position. They're still growing their margins and are making acquisitions. The multiple and stock price have ticked, but earnings not as much. Wait for a better entry point. The execute well.
(A Top Pick May 04/18, Up 7%) Supply concerns have recently weighed on the share price of the three big cruise lines with weakness in Europe and the Caribbean. RCL is still growing revenue at a healthy rate. In 2020-21, new maritime regulations about fuel will take out a lot of supply.
(A Top Pick May 04/18, Up 25%) They've done a fine job acquiring companies and growing. There are rumours they will buy Symantec. Great free cash flow with growing dividends. However, headline risks lie with China through Huawei, which represents 4-5% of Broadcom's revenues. Watch the headlines.
The market is over-thinking Google. Anti-trust worries have been priced in already. Revenues will grow nearly 20% annually in coming years and they have a ton of cash in the bank. Internet advertising remains unstoppable. Even if the US courts break up the company, there will be more value in the pasts of Google, like self-driving cars. (Analysts’ price target is $1321.89)
It has one of the best growth profiles on the street with EPS growth at 10%. It trades at a premium to its peers, though. They have some potential blockbuster drugs focused on diabetes and heart disease. Itt depends on the effectiveness of that drug. Now is a good entry point. (Analysts’ price target is $125.81)
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COMMENT
COMMENT
July 8, 2019
Another sell-off today ever since Friday's job report, which dampened the Fed outlook of cutting interest rates. This pullback is natural. He's a long-term investor and investing in the U.S. has paid off historically. There is little growth in Europe and overseas. The U.S. will continue to grind higher. It's up 18% year to date, but don't expect that rate for the rest of 2019. He does not see a recession in the next 18 months. There's confusion in the market now--where is the market going?
Another sell-off today ever since Friday's job report, which dampened the Fed outlook of cutting interest rates. This pullback is natural. He's a long-term investor and investing in the U.S. has paid off historically. There is little growth in Europe and overseas. The U.S. will continue to grind higher. It's up 18% year to date, but don't expect that rate for the rest of 2019. He does not see a recession in the next 18 months. There's confusion in the market now--where is the market going?
Jamie Murray
Head of research, Murray Wealth Group
BUY
BUY
July 8, 2019
They've done a good job turning around in the past 7 years with a new CEO. Margins will continue to rise with high single-digit growth. Legal settlements and tax issues are behind them, thus freeing up their cash. This is a big holding for him.
They've done a good job turning around in the past 7 years with a new CEO. Margins will continue to rise with high single-digit growth. Legal settlements and tax issues are behind them, thus freeing up their cash. This is a big holding for him.
biotechnology/pharmaceutical
DON'T BUY
DON'T BUY
July 8, 2019
The regulation of internet sports betting in the U.S. has been a pushback and he doesn't know how it'll resolve itself. TSGI just partnered with Fox Sports and Fox has other interesting assets. So, Fox is a better way of playing online gambling.
The regulation of internet sports betting in the U.S. has been a pushback and he doesn't know how it'll resolve itself. TSGI just partnered with Fox Sports and Fox has other interesting assets. So, Fox is a better way of playing online gambling.
Business Services
WAIT
WAIT
July 8, 2019
They recently announced a complex merger with United Technologies, which itself is breaking up. This deal overhang will last another 12 months. There is some synergy here, but not an obvious one. He's lukewarm on the deal.
They recently announced a complex merger with United Technologies, which itself is breaking up. This deal overhang will last another 12 months. There is some synergy here, but not an obvious one. He's lukewarm on the deal.
electrical/electronic
BUY
BUY
July 8, 2019
It's done a nice job coming out of the Recession when their shares fell to $4, but the whole financial sector faces limited growth. However, their Asian division is a growth driver, and they are freeing up capital from their U.S. operations. The share price will grind higher and pays a decent dividend over 4%. His price target is the upper-$20's in 18 months or so.
It's done a nice job coming out of the Recession when their shares fell to $4, but the whole financial sector faces limited growth. However, their Asian division is a growth driver, and they are freeing up capital from their U.S. operations. The share price will grind higher and pays a decent dividend over 4%. His price target is the upper-$20's in 18 months or so.
insurance
COMMENT
COMMENT
July 8, 2019
Banks outlook TD is one of his largest holdings. Canadian banks hacve endured good times and bad. Banks are a core holding. He like the banks' dividend yield plus 3-5% annually going forward. PE ratios are 9-12x, which is low. There is little to worry about unless there is a severe recession.
Banks outlook TD is one of his largest holdings. Canadian banks hacve endured good times and bad. Banks are a core holding. He like the banks' dividend yield plus 3-5% annually going forward. PE ratios are 9-12x, which is low. There is little to worry about unless there is a severe recession.
Jamie Murray
Head of research, Murray Wealth Group
DON'T BUY
DON'T BUY
July 8, 2019
He's out of the energy sector. It's one of the worst sectors due to an exodus of investors. He owns BP and a few smaller Canadian ones, like Cardinal.
He's out of the energy sector. It's one of the worst sectors due to an exodus of investors. He owns BP and a few smaller Canadian ones, like Cardinal.
oil/gas
COMMENT
COMMENT
July 8, 2019
It's at the whims of the steel price. Good management generates good cash flow and have two special dividends in the past year. Prem Watsa has invested in them. They seem to be hunting for an acquisition, but higher steel prices or big capital deployment will move the stock higher.
It's at the whims of the steel price. Good management generates good cash flow and have two special dividends in the past year. Prem Watsa has invested in them. They seem to be hunting for an acquisition, but higher steel prices or big capital deployment will move the stock higher.
PAST TOP PICK
PAST TOP PICK
July 8, 2019
(A Top Pick May 04/18, Up 24%) He actually doubled his position. They're still growing their margins and are making acquisitions. The multiple and stock price have ticked, but earnings not as much. Wait for a better entry point. The execute well.
(A Top Pick May 04/18, Up 24%) He actually doubled his position. They're still growing their margins and are making acquisitions. The multiple and stock price have ticked, but earnings not as much. Wait for a better entry point. The execute well.
electrical/electronic
PAST TOP PICK
PAST TOP PICK
July 8, 2019
(A Top Pick May 04/18, Up 7%) Supply concerns have recently weighed on the share price of the three big cruise lines with weakness in Europe and the Caribbean. RCL is still growing revenue at a healthy rate. In 2020-21, new maritime regulations about fuel will take out a lot of supply.
(A Top Pick May 04/18, Up 7%) Supply concerns have recently weighed on the share price of the three big cruise lines with weakness in Europe and the Caribbean. RCL is still growing revenue at a healthy rate. In 2020-21, new maritime regulations about fuel will take out a lot of supply.
household goods
PAST TOP PICK
PAST TOP PICK
July 8, 2019
(A Top Pick May 04/18, Up 25%) They've done a fine job acquiring companies and growing. There are rumours they will buy Symantec. Great free cash flow with growing dividends. However, headline risks lie with China through Huawei, which represents 4-5% of Broadcom's revenues. Watch the headlines.
(A Top Pick May 04/18, Up 25%) They've done a fine job acquiring companies and growing. There are rumours they will buy Symantec. Great free cash flow with growing dividends. However, headline risks lie with China through Huawei, which represents 4-5% of Broadcom's revenues. Watch the headlines.
COMMENT
COMMENT
July 8, 2019
They supply Canadian software to phone call centres. His owns Open Text and Shopify in this space instead.
They supply Canadian software to phone call centres. His owns Open Text and Shopify in this space instead.
computer software/processing
DON'T BUY
DON'T BUY
July 8, 2019
The whole chemical agricultural space is sensitive to commodity prices. So, he prefers companies that have more control over their inputs and outputs. MX does not fix. Rather, it's a trading stock to him. It's not a long-term hold, which is his investing style.
The whole chemical agricultural space is sensitive to commodity prices. So, he prefers companies that have more control over their inputs and outputs. MX does not fix. Rather, it's a trading stock to him. It's not a long-term hold, which is his investing style.
chemicals
BUY
BUY
July 8, 2019
It's Quebec-focused in retail and some industrial. They cut their dividend two years ago due to the soft Alberta market. They've done well re-positioning the portfolio and pays a high 5.7% yield. This will do well in the coming 5 years. REITs are split between industrial (e-commerce) which offers strong growth vs. retail which pays higher dividends. Do you want income or growth? He holds six REITs across the spectrum for the income.
It's Quebec-focused in retail and some industrial. They cut their dividend two years ago due to the soft Alberta market. They've done well re-positioning the portfolio and pays a high 5.7% yield. This will do well in the coming 5 years. REITs are split between industrial (e-commerce) which offers strong growth vs. retail which pays higher dividends. Do you want income or growth? He holds six REITs across the spectrum for the income.
investment companies/funds
BUY
BUY
July 8, 2019
A 3-year hold They've done well launching Disney+ and condolidating Hulu to move quickly into streaming. Movies still generate revenue but are less important now. The theme parks are also doing well. The issue is that Disney must pay licensees to stream their content and this will eat into profits. This will limit EPS growth in this transition period. Disney's entry will actually be positive for Netflix, but will cut more cable subscriptions. This will be a multi-player industry.
A 3-year hold They've done well launching Disney+ and condolidating Hulu to move quickly into streaming. Movies still generate revenue but are less important now. The theme parks are also doing well. The issue is that Disney must pay licensees to stream their content and this will eat into profits. This will limit EPS growth in this transition period. Disney's entry will actually be positive for Netflix, but will cut more cable subscriptions. This will be a multi-player industry.
entertainment services
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