Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Hap (Robert) Sneddon FCSI and Douglas Kee commented about whether RY.TO, TRP.TO, FTS.TO, ERF.TO, CJR.B.TO, PKI.TO, NPI.TO, CM.TO, POW.TO, SU.TO, VET.TO, AQN.TO, BYD.TO, TRI.TO, AGU.TO, SLF.TO, BNS.TO, CHE.UN.TO, CPG.TO, BIP, IPL.TO, T.TO, ITP.TO, TD.TO, HCG.TO, MFC.TO, TECK.B.TO, XEC.TO, LLY, PD.TO, SEA.TO, ENB.TO, JPM, SHOP.TO, XBM.TO, ATVI, XFN.TO, BCE.TO, ABX.TO, BIR.TO are stocks to buy or sell.
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TOP PICK
TOP PICK
It made its low last month, which is quite positive. It was down 25% for the year before that. China is the biggest segment in this ETF. The US dollar is rolling over now which will benefit this part of the market, because emerging market debt is priced in USD. He sees 25% upside for this ETF in 2019.
E.T.F.'s
COMMENT
Tomorrow's last rate decision by the U.S. Fed: It'll likely increase by 25 basis points. If Powell doesn't do it, it'll be a downer. What they'll likely do for 2019 is a wait-and-see approach, which is fine. Instead of 3-4, it'll likely be 1-2 hikes. We got a reprieve on today's markets, but we won't get a Santa Claus rally this year. Market sentiment is terrible. Earnings momentum has rollen over; it will go up in 2019, but at a lower rate than this year. Another question mark is the China-US trade war. Liquidity gets tight in December. Money is coming out of the stock market in December this year with few buyers this year.
BUY
Increased their dividend by 20% this year, now above 5%. Interest rates went up--then down, which hurt the lifecos, MFC is doing a good job of selling their legacy businesses, which improves their outlook. Their traditional cash flow out of their Canadian business creates cash flow, and their Asian operation is good especially for long-term.
insurance
BUY
He's long owned this and likes it. It's big in the U.S. Stick with it. He's not worried. TD increased their dividend by 9% this year and likely 8% next.
Douglas KeeOwned
banks
BUY
They've increased their dividend which is decent around 4%. As long as wireless is growing, this'll be okay. There's little competition in Canada. The telecoms have done well recently, because of anticipated interest rate increases.
Douglas KeeOwned
telephone utilities
COMMENT
They've come off the mid-$50s to $47, reflecing the wider market. Their recent acquisition was Enercare. He likes BIP's international infrastructure.
Douglas KeeOwned
mngmntdiversified
PAST TOP PICK
(A Top Pick Dec 06/17, Down 13%) BNS had problems early this year with acquisitions, but long-term these purchases made sense (money manager in Canada and Latin America). They likley paid too much, but markets always say this. It's been the best performing Canadian banks since summer. All banks will see 5-7% growth.
Douglas KeeOwned
banks
PAST TOP PICK
(A Top Pick Dec 06/17, Down 11%) It's declined with the market. Interest rates went up then down which hurt them.
Douglas KeeOwned
insurance
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