Today, Jeff Parent B. Eng. FCSI CIM and Stan Wong commented about whether QSR.TO, FDX, BABA, MU, AIA, VA.TO, MGM, SLF.TO, C, GOOS.TO, RYN, HCP, OLED, PBH.TO, TV.TO, YRI.TO, EMA.TO, VNQ, JET.V, CYB.TO, CELG, CVS, KEL.TO, TSGI.TO, CF.TO, ZWE.TO, LITE, XOM, L.TO, VGT, BCE.TO, SHOP.TO, KHC, PFE, REI.UN.TO, V, BAC, TCEHY, NFLX are stocks to buy or sell.
Lumber and forest products company. Large company had a nice consolidation for 10 months. He is seeing a momentum breakout now. It is just starting to break out so he sees potential and is planning a buying program for this. If the stock drops, he will begin reducing at $33 and be out at $31. At the upside, he thinks the stock can go to $40. (Analysts’ price target is 32.00$)
The stock paused in its rise and is now going back up. He thinks it will go back to its previous high, around $47, or higher. The fundamentals look good. The stock is seasonal (winter clothing). He is planning a buying program for this. He will reduce below $39.50 and exit at $36 (Analysts’ price target is 45.92$)
(A Top Pick March 9/17, Up 24%) Trading at just above 1x book-to-price value. Dividend of 1.7% will likely climb and/or continual share buybacks for the next few years. Will be $60 billion of capital returns to shareholders. A lighter regulatory environoment will help. Their global presence (i.e. Latin America) distinguishes them from other American banks, like Bank of America. 50% of revenues come overseas.
(A Top Pick March 9/17, Up 43%) He bought this right after the tragic Vegas shooting last year when it dipped then recently sold it when he needed the money for another stock. Still likes it. They have a strong Vegas presence by owning nine casinos. Also have a long-term opportunity in Macao and will probably get a gambling license in Japan in 2019. Wynn Resorts is no longer a factor; Wynn is out of the picture.
Stock had a boast last week with a strong earnings report. A solid stock and he likes this space. Big data has a promising future--AI demands more, better chips from makers like this. But he prefers the companies that make the equipment that produce these semi-conducting chips, like Applied Materials, AMAT. Nothing against MU though.
Fears of Amazon entering their space pressured their stock price, but it's hard to duplicate FedEx which has a massive army of vans, planes and couriers. They're still a duopoly with UPS. Guidance was just raised against a backdrop of global economic recovery. Trading at 16x forward earnings. 14% longterm growth rate. (Analysts price target: $286.56)
This is a diversified health-care REIT, trading at multi-year lows, looks like it’s bouncing off them. Good yield. Value and income look right here. He is planning a buying program for this. He would use a stop at $21.50 because of the support there. (Analysts’ price target is 26.29$)