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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Norman Levine commented about whether KNIN-VX, KNEBV-HEL, NTR.TO, ACB.TO, WFC, BAC, CNR.TO, CP.TO, MFC.TO, SLF.TO, VET.TO, LNR.TO, STN.TO, ATRL.TO, WSP.TO, ARE.TO, LXS.DE, CLS.TO, UNS.TO, TECK.B.TO, RTX, FDX, UPS, POW.TO, GOOS.TO, OTEX.TO, ARX.TO, AAPL, ENB.TO are stocks to buy or sell.
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COMMENT
Market Outlook He is not really buying into the full rally mode of the market. He is holding a larger amount of cash than normal. He is not sure we have seen the lows yet. He does not buy into a "V" bottom. Nobody really knows. The key is to own companies that you can own for the long run. Don't try to guess what the market is going to do in the short run. He is looking to get back into the Canadian oil sector. Although he doesn't like the political environment, he thinks it is too oversold now.
Norman LevineUnknown
BUY
Is the dividend safe? He owns this and would be recommending to buy at these levels. He likes the outlook for the company, which has gone into a offensive mode now that it has unwound the recent acquisition to extract the best value and is moving toward the completion of Line 3. The dividend is safe and will grow. Most of its debt is long term bonds or preferred shares that are not too sensitive to rising interest rates. As regulated entity it is allowed a regulated rate of return on any debt it takes on. Yield 6%.
Norman LevineOwned
oilgas pipelines
HOLD
Is the dividend safe? He owned it a while ago. It is a really good company with good management and a pristine balance sheet. Even still the stock has not done well, due to the low natural gas prices and no sign of improvement. He is cautious on the dividend and thinks it depends on the natural gas price going forward. He would continue to hold it.
oilgas
COMMENT
Are banks a good investment? He is not big into Canadian banks. There is a small US hedge fund shorting Canadian banks on the expectation of a slowing housing market. He is not saying it will be anything like the US banking system was, but he actually is holding more US banks today. He sees Vancouver and Toronto real estate markets starting to plateau.
Norman LevineUnknown
DON'T BUY
He held it for about 20 years and sold out last year. In the past it was able to grow earnings and dividends, but that all stopped during the crisis of 2008 and it has gone sideways since then. It is a holding company of financial services companies and holds European securities. None of this has done much. Mutual fund management has slowed. Great West Insurance has also been a laggard.
mngmntdiversified
DON'T BUY
He has not done well owning this in the past. As coal, zinc and other commodity producer it does well when these prices go up. Commodities are also tied to US currency and that is has been a challenge. He worries about the economic slowdown in China. In 2008 there were worries it might fail, but now that its debt is of financial grade, but it is not enough to bring him back as a buyer. (Analysts’ price target is $40.00)
Mining
PAST TOP PICK
(A Top Pick Feb 16/18, Down 26%) They sell replacement parts wholesale to garages and own paint finishing shops. Management had made great promises over the past year which did not materialize. Now the new CEO is doing a strategic evaluation of the business and he thinks this may result in the divestment of the paint division. He thinks it is a good buy here as it trades below book value. The stock has not made new lows, so he thinks investors are starting to bring support. He still owns it and likes it.
Norman LevineOwned
wholesale distributors
PAST TOP PICK
(A Top Pick Feb 16/18, Down 9%) This technology company makes things for other manufacturers like routers for Cisco. Earnings growth is looking better he thinks. The stock looks oversold so he is staying with it.
Norman LevineOwned
electricalelectronic
PAST TOP PICK
(A Top Pick Feb 16/18, Down 27%) The worst equity market in the world last year was Germany and this company is a specialty chemical company in the region. Their biggest products are fire retardants. It is a cycle play with good cash flow. He is still buying it.
Norman LevineOwned
chemicals
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