Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Greg Newman and Peter Imhof commented about whether PHO-T, FRII-T, ZEQ-T, MFC-T, ENB-T, ECA-T, L-T, AQN-T, GIB.A-T, BAM.A-T, FTS-T, SPB-T, CM-T, CIX-T, QBR.B-T, KMP.UN-T, ARE-T, EIF-T, ALA-T, BMO-T, RUS-T, FCR-T, HBC-T, HR.UN-T, MG-T, WIR.UN-T, TOY-T, TVE-T, AGT-T, PGF-T, PTG-T, WCP-T, GXE-T, AVO-T, IPT-X, FTG-T, PXT-T, THO-T, YGR-T, MST.UN-T, NYX-X, TV-T, SVI-T, DIV-T, APHA-T, CRH-T, BUS-X, DMI-X, CLR-T are stocks to buy or sell.
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They’ve done a really good job to improve themselves. Their debt to cash flow is 2.3% for 2018, which is not bad compared to where they where. The valuation is really improving at 6.9% for 2018 versus 7.1% for its peers. The energy space continues to be very challenged. He only sees 2% production growth. This would not be his favourite name in energy.
In Q2 they missed, due to an outage at Syncrude. Line 3 is being delayed. What is good is that they got permitting for Line 3 in many other jurisdictions, and thinks it goes in on budget and on time in the 1st half of 2019. Trading at a very compelling valuation, 9% 2018 estimated free cash yield, versus 7.7% for its peers. He models 10% annual dividend growth. Dividend yield of 4.7%. (Analysts’ price target is $62.)
A play on wealth management and a play on slightly higher rates. Lifecos in Canada are pretty cheap. They are getting smoother performance in Q2, which gives the whole sector higher valuations. This is still one of the cheapest. In Q2 they were up a solid 42%. They are showing better operating consistency. Their Asian business was up 18%. There wealth management inflows where $5.6 billion. He models 8% EPS. Dividend yield of 3.2%. (Analysts’ price target is $28.)
The time to own Europe is now. It’s a pretty easy trade. This trades at about 14X in the next 12 months, versus the TSX at around 16X and the S&P at around 18X. He likes that this has a strong allocation to the consumer, both discretionary and staples and that it is hedged. Pays a 2% dividend yield. There is no withholding tax, as the ETF holds the shares.
Gold?Technically, this looks really good. You throw in inflationary pressures with wage inflation, gold sells off a little, but not that much. Thinks it is basing. It has the capacity to surprise to the upside.