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1550+ opinions with 4.81 rating (one of the best performing expert)

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Stock Opinions by Javed Mirza

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COMMENT

Typically, people go on holiday in August; seasonality is poor in August; and September is the weakest month of the year. Indices have been making record highs and sentiment is tilting to bullish, so he's starting to get cautious. Doesn't know why September is the worst, but it's the only month with a negative return. At the start of this year, he was cautious, sensing that we're near the end of the economic cycle that began in Oct. 2022. Every 3-5 years there's a big 15-20% correction (usually 5-7% corrections), but the correction between Feb.-Apr. was quick. At May's end, he saw a near 4-year cycle begin. Once the Dow hits a new high, trading will be sideways before there's a correction, which will be a great opportunity to buy.

BUY ON WEAKNESS

Technically, it looks strong and it breaking to new highs. Likes it a lot. But recently it's been consolidating after a big move up. Wait for a pullback.

BUY

It's now breaking a long downtrend since late 2022. Investors have been dumping defensive stocks the last two months, but he's been adding defensive because they're on sale--and because a correction is looming. Are paid a 4-5% dividend.

BUY

Likes the chart here. The sector is underperforming. This and Quebecor are small caps compared to peers, which is tough for institutional investors to buy them. But the RSI shows momentum. He sees good upside. A leader in this space.

PARTIAL SELL

Strong technicals and chart. Gold is rallying--a rising tide floats all boats. In recent weeks, though, SKE is consolidating and more institutional selling. Likes gold longer-term. Also, gold has poor seasonality from August to October.

PARTIAL BUY

Last month, price, volume, relative strength were all pointing to a breakout to new highs, and now we see that. But a broad corrective phase is coming in 6-8 weeks. But you can start a position now, then add on weakness. Really likes the chart.

PARTIAL BUY

Has a great, long-term chart, but has pulled back in recent months, so is now a great entry point. Also add in the coming correction.

BUY ON WEAKNESS

Has broken to new highs, along with its peers, but volumes have been declining recently. This is set up for a correction after this big run, so wait for that correction. He's very bullish on Canada for the next few years (Ottawa will spend on infrastructure). As for US, that is forcing Canada to look at Europe and China for more trade, such as natural gas. We're looking globally now, and not only to the south.

COMMENT
Convert a US stock into its Canadian version?

Yes, a good idea, given U.S. policies now which will debase the US currency. Also BRICS is helping the shift towards a gold standard, which will be positive for the Canadian dollar. Likes the CAD going forward very much. The USD will bounce the next 6-8 weeks, but the USD will remain in am overall downtrend. Since 2022, we're seeing lower highs and lower lows after an uptrend from 2020-2022. We saw a similar pattern in 2000 when the CAD was worth 62 cents then rose to around 2000 went the CAD was over par the USD. He sees a stronger CAD vs. the USD.

PAST TOP PICK
(A Top Pick Jul 12/24, Up 36%)

When he recommended it, it was poised to break out, based on indicators like strong institutional buying. Also, he wanted exposure to defensives. Really happy with this pick.

PAST TOP PICK
(A Top Pick Jul 12/24, Up 25%)

Same as Metro a year ago, when it was poised to break out, and he wanted exposure to defensives and dividends. Price momentum was improving a year ago. A long-term hold. Is down 10% this year as portfolio manager sell defence to buy offence. This is now attractive.

PAST TOP PICK
(A Top Pick Jul 12/24, Up 14%)

Likes it, but should invest in better areas. Bought it for defence. It's boring, but steady. Great long-term for retirees seeking safe income, but won't rise in price much. But during the next pullback, which he expects in coming weeks.

PARTIAL BUY

The chart shows a downtrend, being a laggard, but lately is starting to catch up. You can nibble at here. If we're starting a new economic cycle now, it will be positive for CJT and the economy. Expect weakness in a pullback coming. Play the long game and start adding to this now, but gradually.

PARTIAL BUY

Same comments as Cargojet: Chart shows a downtrend, being a laggard, but lately is starting to catch up. You can nibble at here. If we're starting a new economic cycle now, it will be positive for CJT and the economy. Expect weakness in a pullback coming. Play the long game and start adding to this now, but gradually.

DON'T BUY

The chart is a long downtrend since 2021. Look elsewhere.

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