Today, Brian Acker, CA and Christine Poole commented about whether F-N, JPM-N, WJA-T, CSH.UN-T, DIS-N, VRX-T, CCL.B-T, EMR-N, YUM-N, MFC-T, COST-Q, HCG-T, CPG-T, KHC-Q, AC-T, IPL-T, MG-T, TA-T, V-N, MDLZ-Q, HD-N, L-T, GILD-Q, MSFT-Q, VZ-N, C-N, PD-T, LNR-T, WPM-T, VLO-N, VRX-T, EXC-N, PSK-T, WMT-N, CXR-T, PFE-N, CVX-N, AAPL-Q, NFLX-Q, CY-Q, INTC-Q, ALA-T, META-Q, T-T are stocks to buy or sell.
Made money on this the 1st time, and then went back in for a 2nd trade which gave him a negative transit, so he sold it. Has a model price of $25.79. It’s these precious metals and material stocks where the next 300%-400% are coming. They are hard to hold in this market, but he would be watching them carefully.
His model price is $167, a 60% upside from here. This has had a pullback from the last time he was on ($119.07 on June 6, 2015), and he likes pullbacks. It has come back to his EVB+7, his structural line which gives it support. It had huge volatility and this had downside, but it snapped right back, which he likes to see.
Food as well as drug retailer. Grocery square foot growth is moderating now that Target has exited. Retailers now have more pricing power to pass through increases to consumers. L-T are closing non-productive stores. With lower energy prices, consumers may be spending more at the grocery store. Implementing their SAP system is largely behind them and should show benefits. She likes the shopper’s component. She is seeing synergies and cross selling products. There will be more private label flow through. As they pay off debt we should see benefits to the bottom line.
90% of revenue is US so no currency headwinds. People can still spend a lot more on their home than they have done so far. 2/3rds of the housing stock in the US is over 27 years of age so more maintenance is required on the homes. HD-N are shareholder friendly in that they buying back stock and half their earnings are paid back in dividends.
It is a play on the transition to electronic payments. There is potential in developed and developing markets. They are the largest provider so have the lowest cost base. With the US dollar strengthening, she thinks earnings will stay relatively strong. This stock will stay relatively strong despite currency. This is an attractive entry point.
This is overvalued. Everyone in the US is in love with it. His model price is $256.80. If it pulls back to $263, that would be a great buy in your portfolio.