Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jason Mann commented about whether BBU.UN.TO, GEI.TO, ERF.TO, QCOM, WEF.TO, EFN.TO, CJT.TO, CJ.TO, HBM.TO, TV.TO, BNS.TO, CTC.A.TO, NPI.TO, ATZ.TO, ARX.TO, MX.TO, TCL.A.TO, PXT.TO, IAG.TO, TECK.B.TO, DR.TO, UBER, MFC.TO, CNQ.TO, ACN, LIF.TO are stocks to buy or sell.
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COMMENT
Market Outlook Uber has gone public now and is trading without a hitch -- especially during the worst week in the market this year. Its market cap is already huge. For the market as a whole, trade fears with China have reemerged. The odds seem low that the trade delegation will have any major positive announcements this week. The markets appear to be taking it in stride, but we should expect to see some continued downward pressure. The US has a strong economy and the upper hand on China, he thinks. President Trump is also trying to pressure another rate cut.
Jason MannUnknown
WEAK BUY
He looks for price trend, relative valuation and reasonable volatility. This one has great price momentum. Valuation is decent with a 23% ROE. Yield 3.5% with a reasonable payout ratio. They are subject to the iron ore market so there can be some commodity market volatility. He would suggest a weak buy.
Jason MannOwned
Financial Services
HOLD
He likes the good price trend, decent valuation and relatively stable stock. ROE is near 40%. Not the cheapest stock based on PE. Small yield, but a big balance sheet which could lead to higher dividends down the road.
Jason MannOwned
other services
COMMENT
It scores well on valuation -- 99 percentile. Only 9 times PE. Good yield which is safe. An interest rate cut would hurt their margins and possibly their share price. Without global growth turning around yet, rates could come under pressure. Yield 4%
Jason MannOwned
insurance
DON'T BUY
WATCH
He feels the pain in the sell off as he owns it. It trades 6 times cash flow. He doesn't think they are over levered, but feels the dividend may be at risk. Watch this closely. Yield 7%.
Jason MannOwned
other services
HOLD
China issues? A cyclical stock for sure, so its tough to buy and hold. The balance sheet has been right sized as the debt has been reduced. They are cheap based on earnings. If you believe China trade issues will be resolved, you should continue to hold. (Analysts’ price target is $39.84)
Jason MannOwned
Mining
BUY
A previous Top Pick. It had suffered during their sell off process that went no where. They are not subject to the same issues as domestic producers -- getting high netbacks based on Brent oil prices. The one knock is that their reserve life is a shorter compared to their peers. He would still look to add to any position. (Analysts’ price target is $30.83)
Jason MannOwned
oilgas
PAST TOP PICK
(A Top Pick Apr 05/18, Down 44%) A bad pick he admits. Commercial print business that tries to drive down costs in their acquisitions. A stretched balance sheet matched with an earnings miss. Trades 6 times cash flow and 7 times PE. The stock is too volatile and the balance sheet is at risk.
publishingprinting
PAST TOP PICK
(A Top Pick Apr 05/18, Down 19%) He would continue to hold it. It has gotten cheaper. Trades 7 times cash flow. ROE of 28%. The dividend is safe. A recent shareholder activist has been added to their Board. It is cheap. Yield 2.7%
Jason MannOwned
chemicals
HOLD
Recent earnings resulted in a bit of a sell off. Really cheap valuation and are always growing into their earnings multiples.
Jason MannOwned
specialty stores
HOLD
Valuation is pretty reasonable. It trades 10.5 times EBITA. Payout ratio of 80%. He will continue to hold it. Yield 5%
Jason MannOwned
Utilities
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