The Panic-Proof Portfolio (Stockchase Research)

We reiterate this Greek shipping company as a TOP PICK.  Global shipping will need to step in to assist global trade supply chain adjustments and this company is well suited to participate.  We like that cash reserves are growing, while shares are bought back.  It trades at 3x earnings, under book value and supports a 26% ROE.  Management says that over three-quarters of their capacity is already booked for 2025.  The yield is attractive and is supported by a payout ratio under 20% of cash flow.  We recommend trailing up the stop (from $17) to $19, looking to achieve $28 — upside potential over 20%.  Yield 7.3%

We reiterate this Norwegian based North Sea energy producer as a TOP PICK.  The importance of energy security in Europe has never been greater and EQNR is well positioned.  It trades at 7x earnings, under 2x book and supports a 20% ROE.  Management is prudently using cash reserves to aggressively buy back shares and retire debt.  We recommend maintaining a tight stop at $22, looking to achieve $29 — upside potential over 20%.  Yield 4.8%

We reiterate this Panama based airline for Latin America as a TOP PICK.  Recent data shows the airline utilization rates along with revenue per passenger mile continued to grow last mont.  We like that cash reserves are growing, shares trade at 5x earnings, under 2x book and supports a ROE of 27%.  The robust yield is backed by a payout ratio under 50% of cash flow.  We continue to recommend a stop at $86, looking to achieve $118 — upside potential of 28%.  Yield 7.0%

Our PAST TOP PICK with RCI.B is stagnating.  To remain disciplined, we recommend trailing up the stop (from $35) to $38 at this time.

Our PAST TOP PICK with PET is stagnating.  To remain disciplined, we recommend trailing up the stop (from $18) to $20 at this time.

Our PAST TOP PICK with AZN is progressing well.  To remain disciplined, we recommend trailing up the stop (from $64) to $71 at this time.

Our PAST TOP PICK with ET has triggered its stop at $11.  To remain disciplined we recommend covering the position at this time.  When combined with our previous guidance, this will result in a net investment loss of 9%.

Our PAST TOP PICK with AAPL has triggered its stop at $212.  To remain disciplined we recommend covering the position at this time.  When combined with our previous guidance, this will result in a net investment gain of 25%.

Our PAST TOP PICK with BIPC has triggered its stop at $51.  To remain disciplined we recommend covering the position at this time.  When combined with our previous guidance, this will result in a net investment loss of 1%.

Our PAST TOP PICK with OMC has triggered its stop at $80.  To remain disciplined we recommend covering the position at this time.  

We reiterate RPRX as a TOP PICK.  This unique pharma company has investments in 35 jointly developed royalty products, with the largest pharma companies and has several new joint products in development.  It trades at 17x earnings, 2.1x book and supports a 12% ROE.  We recommend trailing up the stop (from $26) to $29, looking to achieve $41 — upside potential of 25%.  Yield 2.6%

We reiterate MCY, a provider of insurance in California as a TOP PICK.  The company recently reported the impact from the LA fires will not be as bad as feared and that liquidity remains strong.  It trades at 9x earnings, 1.6x book and supports a robust 26% ROE.  We recommend trailing up the stop (from $35) to $40, looking to achieve $69 — upside potential over 25%.  Yield 2.3% 

We reiterate SBS, Brazil’s water treatment and sewage management utility as a TOP PICK.  Aside from offering global diversification, it operates in a conservative space.  It trades at 15x earnings, 1.6x book and supports a ROE of 27%.  We continue to recommend a stop at $14, looking to achieve $21 — upside potential over 25%.  Yield 3.1%

Our PAST TOP PICK with ASO has triggered its stop at $47.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous guidance, this will result in a net investment loss of 10%.  

Our PAST TOP PICK with CNR has triggered its stop at $141.  To remain disciplined, we recommend covering the position at this time.