Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Brian Acker, CA commented about whether INTC-Q, PFE-N, XOM-N, BCE-T, ATD-T, BNS-T, VET-T, WCN-T, BABA-N, JNJ-N, LNR-T, LIF-T, CSCO-Q, AAPL-Q, C-N, IPL-T, MET-N, AMAT-Q, CVS-N, SU-T, ENB-T, V-N, OTEX-T, GIB.A-T, AMZN-Q are stocks to buy or sell.
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COMMENT
Market Outlook He thinks the US dollar is going to go a lot higher. The 2018 returns of Canadian investors benefited by about 7-8% he thinks, if you invested in US holdings. On US equities, he is cautious right now. After the big decline in December, he thinks it is a precursor of what is yet to come. 2019 will be a year of the Central Banks, who will have to maneuver to keep things going. This will make the equity market fraught with explosions and collapses. Last year the Trump tax incentive lead to massive earnings increases and he wonders how that can be followed.
COMMENT
Insurance companies are trading below their lower benchmarks -- making him think there are issues with their balance sheets especially in a deflationary recession environment. This could lead to lower short term rates, which could impair their earnings. He would be cautious going forward for all insurance companies.
insurance
WEAK BUY
It is yielding 8.2%. What bothers him is that the $1.71 dividend is well above earnings of $1.54 currently. Why are they paying more than the earnings? This creates negative compounding returns. He sees 35% upside on the stock and would consider a buy at $18. There are a lot of warts that gives him some pause.
oil pipelines
PAST TOP PICK
(A Top Pick Jan 12/18, Down 17%) December almost caused him heart failure. There was either something systematic happening in the economy or their balance sheet was in severe trouble. He wants to see a pullback to $57 to consider buying it again. He would be worried about the economy if this retests the recent lows.
banks
