TOP PICK
Have preannounced better-than-expected earnings. There's a shortage of steel in North America. One of the leading plate producers. Also, a major player in the oil field pipe business. Improving their balance sheet.
BUY
Big pharma stocks should do well in this market. Historically, they do well when rates start to move up.
BUY
Big pharma stocks should do well in this market. Historically, they do well when rates start to move up. Very attractive yield.
DON'T BUY
A very, very scary stock. There is a lack of disclosure on their part.
DON'T BUY
Aluminum has been coming off. Stand aside on the stock for now. Wait for commodities to get overdone on the downside.
DON'T BUY
A much slower growth than it used to be and yet the multiple is fairly rich.
BUY
A great stock for people who want a hedge against rising gasoline prices. The largest independent refinery and marketer in North America. A shortage of refineries is being exasperated in the US by rules or
DON'T BUY
The stock scares him. Major problems in getting this company turned around.
BUY
Life-insurance companies will benefit from rising interest rates through their big bond portfolios.
BUY ON WEAKNESS
In general, US banks look more vulnerable than Canadian banks because of the mortgage market in the US. Has structured itself to take advantage of higher interest rates so it is a psychological factor. Buy on weakness. Excellent management.
WEAK BUY
Would be kind of warm to chemical companies because they benefit from a pickup in the economy. The negative has been the higher cost of oil which squeezes them.
WAIT
Copper is collapsing so the stock is coming down. This will present a buying opportunity but wait for copper to stabilize.