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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Michael Sprung commented about whether HBM.TO, ECA.TO, RY.TO, CAS.TO, NFI.TO, FN.TO, PPL.TO, TRP.TO, ENB.TO, WCP.TO, BCE.TO, T.TO, SJR.B.TO, AD.TO, ECI.TO, VET.TO, GIB.A.TO, SU.TO, POW.TO, PWF.TO, NA.TO, LNR.TO, HPE, BPY.UN.TO, CHP.UN.TO, CCO.TO are stocks to buy or sell.
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COMMENT
Market Outlook. There appears to be a disconnect between the stock market and the economic outlook. Markets are buoyant, while companies continue to load up on debt. Companies have been beating earnings expectations, but earnings growth is deceleration. Share buybacks have been supporting the market, but he thinks now is the time to be more cautious. Watch companies that may have a hard time maintaining dividends.
Michael SprungUnknown
COMMENT
Energy stocks for diversification? He is a firm believer in diversification and Energy has a good valuation. He might expect to see increased M&A activity by the stronger players. He wouldn't make a huge play in energy right now if you are retired -- it all depends on your personal situation.
Michael SprungUnknown
HOLD
It is pretty reasonably priced today. More of the automotive parts business is outsourced and LNR-T benefits. They have an advantage in the high precision parts they make. He owns it personally and has no intention to sell.
Michael SprungOwned
transportation equip & components
COMMENT
Both the Power companies have broken out of their trading range. PWF-T holds Investors Group and other investment management and insurance companies that are well positioned. The Lifecos under their management are being rolled under one name. This may bring a surge in investor interest. He looks to see which is selling at a larger discount to NAV -- right now favoring PWF-T.
Michael SprungUnknown
financeleasing
COMMENT
Both the Power companies have broken out of their trading range. PWF-T holds Investors Group and other investment management and insurance companies that are well positioned. The Lifecos under their management are being rolled under one name. This may bring a surge in investor interest. He looks to see which is selling at a larger discount to NAV -- right now favoring PWF-T.
Michael SprungUnknown
mngmntdiversified
HOLD
Will rail benefit? He thinks rail and the new Alberta government will benefit them. Pipelines are safer, but oil needs to move. SU-T is their primarily holding in the energy space. A fully integrated company that benefits from production and refining. Yield 3.5%.
Michael SprungOwned
integrated oils
PAST TOP PICK
(A Top Pick Apr 16/18, Down 15%) A strong cash-flow generator and he continues to recommend it for the international diversification and good yield of 8%. He thinks the payout ratio is still less than 90% and will be capable of continuing the dividend.
Michael SprungOwned
oilgas
PAST TOP PICK
(A Top Pick Apr 16/18, Up 16%) The Canadian banks have been recovering since December. RY-T is the dominant bank in the country. Overall, it has the scale to compete and has a good balance among its segments. He continues to recommend it.
Michael SprungOwned
banks
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