The Panic-Proof Portfolio (Stockchase Research)

We reiterate MRVL, a play on data center growth, as a TOP PICK.  Microsoft is rumoured to include the company's semiconductor technology in their next big AI rollout.  It currently shows strong cash flows and rising cash reserves - albeit with rising debt and shares.  We continue to recommend a stop at $170, looking to achieve $272 -- upside potential of 26%.  Yield 0.1%

We reiterate DAL as a TOP PICK.  Consumer demand is rising -- and not just for economy seats, premium as well -- as customers look for greater experiences.  The company is rumoured to be in discussions with a United regarding a possible merger.  It trades at 9x earnings and supports a 20% ROE.  We recommend trailing up the stop (from $76) to $82, looking to achieve $109 -- upside potential of 18%.  Yield 0.7%

We again reiterate this insurance provider as a TOP PICK.  Recently reported earnings showed a 20% increase in net income.  It trades at 12x earnings, 2.3x book and supports a 20% ROE.  We continue to recommend a stop at $165, looking to achieve $214 -- upside potential of 18%.  Yield 0.6%

Our PAST TOP PICK with XLK is progressing well.  To remain disciplined, we recommend trailing up the stop (from $150) to $165 at this time.   

Our PAST TOP PICK with EVR has triggered its stop at $310.  To remain disciplined, we recommend covering the position at this time.  When combined with previous guidance, this will result in a net investment loss of 7%

We reiterate IXC, this top performing global energy ETF as a TOP PICK.  With holdings like Exxon, Chevron, Shell and Total in its 68 unique holdings it provides global diversification.  It is clear global energy distribution will continue to be constrained.  We recommend trailing up the stop (from $43) to $49, looking to achieve $67 -- upside potential of 18%.  Yield 2.9% 

We reiterate this low-MER US Industrials ETF, with two-thirds of the holdings roughly split between manufacturing and aerospace companies, as a TOP PICK.  Corporate profits remain strong and military spending will continue.  We recommend trailing up the stop (from $156) to $176, looking to achieve $220 -- upside potential of 18%.  Yield 1.1%

We reiterate CDZ, a low MER (0.6%) ETF of Canadian dividend aristocrat stocks, as a TOP PICK.  The ETF has over 90 holdings that have increased their dividends consistently over the past five years.  The average PE of the portfolio is 16x earnings.  Since inception it has averaged a 7.4% annual return.  We recommend trailing up the stop (from $43) to $45 looking to achieve $56 -- upside potential of 18%.  Yield 3.0%

Our PAST TOP PICK with AEM has achieved its target at $250.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $170) to $190 at this time.  

The drive to create AI and data centres requires massive memory and data storage -- WDC's wheelhouse.  Recently reported earnings showed a 44% increase in revenues and EPS beat analyst expectations.  Management expects a similar growth in revenue next quarter.  Quarterly cash reserves are growing, while shares are aggressively bought back and debt reduced.  It trades at 28x earnings and supports a remarkable 85% ROE.  We recommend setting a stop-loss at $300, looking to achieve $674 -- upside potential of 45%.  Yield 0.1%

The provider of electrical management systems used in communications and data centres sees a 91% increase in commercial order backlog orders since 2025.  It trades at 35x earnings and supports a robust 45% ROE.  Recently reported earnings showed a 40% growth in revenues and 60% expansion of earnings.  Cash reserves are growing while debt is retired and shares bought back.  We recommend setting a stop-loss at $625, looking to achieve $925 -- upside potential of 18%.  Yield 0%

The developer of immigration processing centres in the US and internationally recently reported a 63% increase in net income with a 15% increase in revenues.  Management feels confident to raise guidance on both for the balance of the year.  It trades at 19x earnings, 3x book and supports a ROE 19%.  Cash reserves are growing as debt is retired and shares bought back.  We recommend setting a stop-loss at $26, looking to achieve $37 -- upside potential of 18%.  Yield 0%

Our PAST TOP PICK with ZGI has triggered its stop at $58.  To remain disciplined, we recommend covering the position at this time.  Combined with previous guidance, this will result in a net investment gain of 1%.  

Our PAST TOP PICK with GWO.PR.P has achieved its target at $25.  To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $23.  

Holding gold should be part of every portfolio and AEM is an outstanding low-cost producer.  Recently reported earnings showed an all time high free cash flow which is allowing cash reserves to grow while debt is retired and shares bought back.  It trades at 12x earnings, 2.6x book and supports a solid 22% ROE.  We recommend setting a stop-loss at $170, looking to achieve $250 -- upside potential of 18%.  Yield 1.1%