Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Robert Lauzon and Paul Gardner, CFA commented about whether BCE-T, Y-T, WIR.UN-T, BNS-T, ATD-T, VET-T, TD-T, BTE-T, ALA-T, CUF.UN-T, ENB-T, IPL-T, CHP.UN-T, TOY-T, CGX-T, KO-N, FTS-T, HNL-T, BIR-T, CVS-N, WCP-T, SLF-T, FRU-T, BNP-FP, PFE-N, BMY-N, MSFT-Q, ENB-T are stocks to buy or sell.
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BUY
[Caller wanted a 10 year opinion] It's a tough call. He does not know where this industry will be in 10 years. It finally cracked over the last 12 months because less and less people go to the movies. It snowballed because streaming went to a scale where the family might just want to stay in and watch their mobile devices. It has finally hit their business model. They are doing gaming now. It might do well over the next year. They could get taken out. The stock moves on content so it depends on how good the movie slate is this season.
other services
COMMENT
Market Outlook - The Equity market is on sale. Earnings are very consistent. Even in Canada Earnings surprised more n the upside than the downside. The trillion dollar question is when the equity market goes up. The gap in Earning Yield vs 30-yr Government Bonds is bribing you to buy equities. In the Corporate Bond market his fund is invested in the short term side of the yield curve. Bonds lead and credit spreads are an indication of where Equities are going.
BUY
A large position for his clients. It has been thrown to the wolves as the Street didn't believe they could sell assets to rationalize their balance sheet, but they did it. It trades cheap. One of their thesis is that Bank of Canada and the Fed is going to slow down on their hikes as the global economy is going to decelerate. In this scenario utilities outperform. The Spectra asset is gassy. With 6-7% dividend yield all you need is 4-5% growth to get a 10-12% return.
oil
gas pipelines
COMMENT
With rising rate environment how REITs are going to do? - At his firm believe that normalization is happening. We are getting there. They think that inflation is not an issue given the massive dislocation in global market through AI, disruption of technologies, etc. He believes that there is always this inflation fear that is not going to happen. As a result interest rates are going to stabilize and the sector is going to go up.
PAST TOP PICK
BUY
Great company. They own a lot of oil based on Brent as opposed to Canadian Discount. Their cash flow multiple is cheap. They are being thrown with the sector. Oil has sold off also. When it comes up, this stock will pop. The Federal Government is talking now with the Alberta Government to buy freight cars to move oil. This would be basically a quasi-pipeline. It will help on the differential on a shorter time period than when the pipelines are built, which is probably 2-3 years out.
oil
gas
