Today, Hap (Robert) Sneddon FCSI and Christine Poole commented about whether IBM-N, XYL-N, JNJ-N, FTS-T, FRII-T, T-T, FFH-T, SLF-T, MFC-T, PM-N, BAC-N, CVX-N, IPL-T, DH-T, AAPL-Q, CAT-N, ENF-T, AGU-T, CAR-Q, TECK.B-T, GILD-Q, CGX-T, HD-N, GOOG-Q, MSFT-Q, CSH.UN-T, MCD-N, UNH-N, AIG-N, UL-N, CPG-T, WJX-T, XLU-N, XLV-N, CTC.A-T, BAM.A-T, NXE-T, KHC-Q, CHR-T, MSL-T, TM-N, NVDA-Q, WMT-N, TRP-T, PG-N, NDM-T, SHOP-T, BBD.B-T, GTE-T, KO-N, CPG-T, CJ-T are stocks to buy or sell.
Just the big names in US healthcare. We have seen the bottom in here. It is one of the strongest sectors out there right now. We saw some rotation last week. It is in a secular bull market and we are at the beginning of it. It has a really good valuation. The political football that it has been is going to die down.
Markets. We have priced a lot of things in. The S&P is up almost 10% since the election, with the TSX up 9%. The market is anticipating the pro-growth policies being implemented and ignoring the anti-trade comments. If there are delays in implementation we could easily get a pullback. The US economy has been improving all along even before Trump. Unemployment has been at 5% or lower for 16 months. She likes what she sees for the earnings season. Tax cuts will help to bring price to earnings ratios down. We need to see policies implemented now.
She has been adding to the name for at least the last year and a half. It is 90% oil and is leveraged to its price. They are in Saskatchewan and Alberta. Prior to the down turn in energy they were criticized for continually issuing equity to fund acquisitions. In September of 2016, they came again to the market, but to strengthen their balance sheet and fund Cap-X. They have lagged in this rally because of this. We will hear more about what the activist investor wants to do. She is going to hold on to it.
She has owned it for quite a number of years. It is the largest seniors housing player in Canada. She likes the demographics play. The company sold off all their US properties and they have been developing and re-investing the money. It has a 3.5% yield. It has been strong over the past three weeks. She would not buy it here, but hold it. Wait for a pullback if you want to imitate a position.
They are going to take over UL-N. Companies are going up during an acquisition now. There is a nice general trend in this stock. We are probably just coming up to valuations. The down side is probably about $91. It is looking pretty good in its space.