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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Steve Carlin and Barry Schwartz commented about whether CGX.TO, NA.TO, DC.A.TO, POT.TO, IMO.TO, F, BP, CNQ.TO, CLC.TO, BAC, MX.TO, WCN.TO, SU.TO, SC.TO, CCO.TO, RSI.TO, ARE.TO, VT.TO, TCM.TO, MRC.TO, PWF.TO, AGU.TO, NOK, BBD.B.TO, MFC.TO, Y.TO, SLF.TO, DAY.TO, BCE.TO, TRP.TO, ENB.TO, BNK.TO, CNR.TO, BB.TO, RY.TO, MG.TO, SRU.UN.TO, TD.TO are stocks to buy or sell.
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TOP PICK
Sees 14% earnings growth from 2011 versus 2010. Dominant market share in Canada in the personal/commercial business. Growing in the US. Part of the earnings growth comes from his belief that credit losses will continue to improve. As interest rates rise, it helps the margins.
Steve CarlinOwned
banks
TOP PICK
Not a lot of upside from a capital appreciation perspective but it has a 7%+ yield. Pay out 93% of their funds from operations and this is sustainable.
Steve CarlinOwned
investment companiesfunds
TOP PICK
Haven't owned this for many years. Contents per vehicle is higher. Rock solid balance sheet. The proposed transaction to buy out Frank Stronach’s multiple voting shares gives him confidence. If this gets done this company will get re-rated.
Steve CarlinOwned
Automotive
PAST TOP PICK
PAST TOP PICK
(A Top Pick May 12/09. Down 31.33%.) Reduced his weighting in this in his portfolios. Has an $80+ target price but this is under review.
Steve CarlinOwned
electricalelectronic
PAST TOP PICK
BUY
Has pulled back in the last 3-4 months like most energy stocks. Still has a lot of potential upside. The more they continue to drill, the more they increase their reserves. As they continue more horizontal drilling, he expects they will improve their recovery rates.
Steve CarlinOwned
oilgas
BUY
Very attractive dividend yield. Has had a good run but still has reasonable value. Excellent management.
Steve CarlinOwned
oilgas pipelines
BUY
A bit of a controversy regarding the US pipeline and if they are going to get approval but he thinks it will happen so this is an opportunity. Really juicy dividend yield.
Steve CarlinOwned
oilgas pipelines
COMMENT
Likes their growth prospects but in a $70 oil price environment balance sheet at the end of 2011 will look a little stretched. In an $80 price environment (which he subscribes to), debt to cash flow in 2011 is more comfortable.
Steve CarlinOwned
oilgas
DON'T BUY
Hitting a 52-week low because everyone is worried about Q2 numbers coming up. Interest rates and the stock market don't help earnings prospects. At the end of the 1st quarter capital levels were acceptable but he is not 100% sure what earnings are going to look like given interest rates. This is in better shape than Manulife (MFC-T) right now.
Steve CarlinOwned
insurance
BUY
Very unique business model. Very narrow range where you Buy and Sell. Anything below $6 is a Buy. Really juicy yield and he doesn't think they will cut their distribution. The big concern is what the business will look like in a couple of years.
Steve CarlinOwned
communicationsmedia
N/A
Little bump up in interest rates – maybe one or two more little increases for the year and then we take cues from the States. Believes rates will stay low for 2 to 3 years, especially in the US. You can get dividend yields quite above interest rates. Dividend stocks look attractive. Investors are paying too much attention to all the noise out there. People need to relax and enjoy their summer.
BUY
It’s painful to hold. Clients are averaging down. Have lots of leverage to stock markets and interest rates. Will have to increase their reserves in both second and third quarters. Analysts have turned in the towel for this year. In couple of years they can release reserves and that boosts earnings. Buy for two or three years.
Barry SchwartzOwned
insurance
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