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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Shauna Sexsmith and John Zechner commented about whether Y.TO, TCM.TO, AMAT, PRE.TO, HBM.TO, AGF.B.TO, YRI.TO, ACM.A.TO, VRX.TO, TRI.TO, RY.TO, AA, GE, OTEX.TO, UUU.TO, QSR.TO, BB.TO, GLD, CHR.TO, POT.TO, RCI.B.TO, TECK.B.TO, ABX.TO, FFH.TO, AIG, BAC, BMO.TO, PWF.TO, INTC, BNS.TO, ELD.TO, CPG.TO, FTT.TO, BBD.B.TO, AGU.TO, K.TO, CNQ.TO, ECA.TO, TD.TO are stocks to buy or sell.
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BUY
Just reported a fairly decent quarter. Been building its business on the US retail side that offers them opportunity, as well as some risk. Likes this but her favourite is Bank of Nova Scotia (BNS-T). (See Top Picks.)
Shauna SexsmithOwned
banks
DON'T BUY
You have every right to be concerned about this because of the natural gas prices. At the end of the last recession, 2001-2002, natural gas bottomed around $2 and we are currently at $2.74. Despite global growth/Chinese demand, natural gas is purely a domestic commodity. We need economic recovery and increase in industrial production to drive natural gas demand.
Shauna SexsmithOwned
oilgas
BUY
Has everything from oil sands to Canadian Western conventional to N. Sea to offshore West Africa. Great production and cash flow growth. Cheap.
Shauna SexsmithOwned
oilgas
COMMENT
Gold. Impressive production growth over the last number of years from 1.6 million ounces to about 2.4 million ounces. Have good projects that will be coming on stream after 2013 but until that time it has limited scope for production growth. Great stock longer-term but not for short-term production growth. (See Top Picks.)
Shauna SexsmithOwned
precious metals
BUY
Likes this with or without the C.F. Industry acquisition. Undervalued relative to Potash (POT-T) by 20%-30% on NAV and about half the PE multiple. Thinks they will eventually acquire C. F. Industry.
Shauna SexsmithOwned
chemicals
COMMENT
Largest bank in Canada but has some US assets that cause some concern. Had a great quarter because of vote 50% of their revenues came from trading. Has the best ROE in the business. Strong franchise but the shares are priced to reflect that. (See Top Picks.)
Shauna SexsmithOwned
banks
BUY
Have been growing earnings over 20% a year and is expected to continue this over the next 2 to 3 years. Trading at a 15X forward multiple. When the PE is lower than the growth rate, that is a Buy signal for growth managers.
Shauna SexsmithOwned
electricalelectronic
HOLD
Had a pretty good quarter considering the environment we are in. Margins on the transportation side have been steadily improving. Balance sheet is in pretty good shape and have enough liquidity to manage this economic downturn. Economic environment has to improve for order numbers to pick up.
Shauna SexsmithOwned
transportation equip & components
HOLD
Largest global dealer in Caterpillar equipment. While diversified base including oil sands, South American dealerships in the UK. Good, solid, economic recovery kind of story.
Shauna SexsmithOwned
wholesale distributors
TOP PICK
Excellent production growth. Largest landholder in the Bakken area with phenomenal production growth. Just acquired a private company (Wave Energy) that increases its land position. 90% of its production is light oil. Add on pullbacks.
Shauna SexsmithOwned
oilgas
TOP PICK
Best growth prospects going forward. Has done extremely well in Turkey. More products in the pipeline than most other gold producers. Recently acquired Sino-Gold giving them lots of exploration potential in China.
Shauna SexsmithOwned
precious metals
TOP PICK
Of all the banks, it has the best exposure outside of Canada. Latin America is an underdeveloped market in terms of financial services. ROE of about 19%. Strong Tier 1 capital ratios.
Shauna SexsmithOwned
banks
COMMENT
Everything lined up for a short-term rally and now the economic evidence is there. There is a lot of stimulus out there and you have stared the momentum. He has not taken that much off the table in profits and is not sitting in a lot of cash. Likes technology. You are getting spending there. Bullish on gold. Gold will be a winner, will go to 1400 in a year or two.
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