The Panic-Proof Portfolio (Stockchase Research)

We again reiterate this stalwart Canadian institution as a TOP PICK.  Recently reported earnings showed a 28% increase in net income (led by a 55% increase in US based business) along with a profit margin of 27%.  We like that cash reserves are growing, while debt is retired and shares bought back.  It trades at 16x earnings, 2.5x book and supports a 16% ROE.  We recommend trailing up the stop (from $140) to $152, looking for $190 -- upside potential of 16%.  Yield 2.5%

We again reiterate RY as a TOP PICK.  As Canada was announced as a founding member of the NATO financial consortium, Canadian banks are well positioned to expand its financing network.  It trades at 19x earnings, 3.1x book and supports a 17% ROE.  We continue to recommend a stop at $276, looking to achieve $343 -- upside potential of 16%.  Yield 2.4%

We again reiterate GL as a TOP PICK.  The insurance provider recently reported book value per share has increased 20% annually over the past two years.  It trades at 12x earnings, 2.3x book and supports a 20% ROE.  Quarterly cash reserves are growing while shares are aggressively bought back, albeit using slightly more debt.  We continue to recommend a stop at $165, looking to achieve $208 -- upside potential of 16%.  Yield 0.6%

We again reiterate ZGI as a TOP PICK.  Focused on North American exchange traded holdings in infrastructure, this space has room to benefit from recent pipeline related projects backed by provincial and federal interests going forward.  We continue to recommend a stop at $58, looking to achieve $71 -- upside potential of 17%.  Yield 2.2%

We reiterate this ETF holding a basket of Canadian REITs as a TOP PICK.  The fund has performed well following the tariff uncertainty and appears well positioned to grow along with Canada's economy.  We continue to recommend a stop at $17.50, looking to achieve $22.00 -- upside potential of 16%.  Yield 4.7%

We again reiterate PRM, holder of a basket of top pharma companies with enhanced distributions as a TOP PICK.  Recently announced distributions provide a strong yield and the pharma sector as a whole is performing consistently.  We continue to recommend a stop at $13, looking to achieve $17 -- upside potential of 17%.  Yield 8.6%

Our PAST TOP PICK with RY is progressing well.  To remain disciplined, we recommend trailing up the stop (from $251) to $276 at this time.  

We again reiterate CDZ, an iShares low cost ETF holding 90 Canadian dividend growing companies as a TOP PICK.  It continues to be a steady performer with a good yield.  We continue to recommend a stop at $43, looking to achieve $57 -- upside potential of 17%.  Yield 3.0% 

Following the recent dividend increase, we reiterate DAL as a TOP PICK.  Management is confident dividend growth is sustainable as quarterly cash flows increase, while debt is reduced.  The recent dividend boost of 15% is backed by a payout ratio under 20% of cash flow.  It trades at 17x earnings, 3x book and supports a ROE of 20%.  We recommend trailing up the stop (from $69) to $76, looking to achieve $110 -- upside potential of 18%.  Yield 0.8%

We reiterate this Alberta based utility perpetual preferred share series as a TOP PICK.  Revenues with Canadian Utilities continue to grow as interest in natural gas and electricity infrastructure expands.  We continue to recommend a stop at $19, looking to achieve $25 -- upside potential over 17%.  Yield 5.4%   

Our PAST TOP PICK with PTF has triggered its stop at $115.  To remain disciplined, we recommend covering the position at this time.  

Our PAST TOP PICK with VIST has triggered its stop at $62.  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 4%.  

Our PAST TOP PICK with V is progressing well.  To remain disciplined, we recommend trailing up the stop (from $295) to $325 at this time.  

Our PAST TOP PICK with KINS is progressing well.  To remain disciplined, we recommend trailing up the stop (from $14) to $16 at this time.  

Our PAST TOP PICK with EVR is progressing well.  To remain disciplined, we recommend trailing up the stop (from $282) to $310 at this time.