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Daily Stock Opinions and Ratings

Latest Stock Buy or Sell? Make More Informed Decisions!

Today, Lorne Steinberg commented about whether DOW-N, 7951-HK, DOW-N, BNS-T, XRX-N, NVS-N, NTR-T, GBTC-OTC, V-N, GLW-N, BBD.B-T, HSBC-N, 6804-JP, RDS.A-N, MS-N, BABA-N, VOD-Q, CSCO-Q, BB-T, ALL-N, F-N, DEO-N are stocks to buy or sell.

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PAST TOP PICK

Hosiden Corp(6804-JP)

Jun 26, 2019
(A Top Pick May 07/18, Down 8%) A Japanese electronics company. It took a downdraft in late 2018, but its valuation is insane with no debt. You're buying the company for less than working capital. It's worth more than double the current share price. It trades at 7x earnings with a solid dividend.
Lorne SteinbergLorne Steinberg
Owned
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N/A

Stock price when the opinion was issued

0
COMMENT

HSBC Holdings P L C(HSBC-N)

Jun 26, 2019
They've suffered like all global banks, hurt by low interest rates. He likes this sector though, and this is a quality name with a safe, decent dividend.
Lorne SteinbergLorne Steinberg
No
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$41.160

Stock price when the opinion was issued

banks
COMMENT

Gold(A Commentary)

Jun 26, 2019
Gold He's never owned gold, which he considers a lousy investment over the long haul. A disaster. Gold usually does well when investors expect inflation, but there's no inflation now. Rather, gold is up because of geopolitical fears, but those always blow over. Gold--why bother?
Lorne SteinbergLorne Steinberg
Unknown
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DON'T BUY

Bombardier Inc (B)(BBD.B-T)

Jun 26, 2019
Bombardier bonds Don't buy one high-yield bond. Bombardier has long had negative cash flow that they haven't changed in years.
Lorne SteinbergLorne Steinberg
No
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$2.250

Stock price when the opinion was issued

transportation equip & components
BUY

Corning Inc(GLW-N)

Jun 26, 2019
They make glass for cars and fiber-optics are back in a huge way (i.e. virtual reality). Trading at a cheap 14x earnings and have back a ton of stock in recent years. They benefit from the growth of technology and face few competitors.
Lorne SteinbergLorne Steinberg
Unknown
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$33.060

Stock price when the opinion was issued

misc industrial products
DON'T BUY

Visa Inc.(V-N)

Jun 26, 2019

Buy and hold or take profits? The payments world is changing. In China, you can't use your Visa or Mastercard, because they take Alibaba Pay instead, which costs retailer far less. He was surprised when he went to China last year. China uses mobile payments, not plastic. That said, Visa is incredibly well-positioned and performed so well. There's no reason that China will take on credit cards.

Lorne SteinbergLorne Steinberg
No
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$171.060

Stock price when the opinion was issued

other services
DON'T BUY

Bitcoin Investment Trust(GBTC-OTC)

Jun 26, 2019
No one has ever explained Bitcoin to him. Why has it taken off like this? Says Warren Buffet: don't understand it, don't buy it. Why get paid in something that fluctuates so much? It's a pure speculation, but he doesn't know if it will keep going up or not.
Lorne SteinbergLorne Steinberg
No
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N/A

Stock price when the opinion was issued

E.T.F.'s
WATCH

Nutrien Ltd.(NTR-T)

Jun 26, 2019
He's looking at this. Over the long haul, things will be pretty good for NTR. The long-term negative for fertilizer is that Monsanto keeps coming out with seeds that need less fertilizer. But NTR offers good cash flow and the stock price is interesting.
Lorne SteinbergLorne Steinberg
No
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$70.800

Stock price when the opinion was issued

agriculture
DON'T BUY

Novartis AG(NVS-N)

Jun 26, 2019
He sold it recently. They sold their eye-care division and are back to generic drugs, a lousy business for all companies. Invest elsewhere.
Lorne SteinbergLorne Steinberg
No
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$91.200

Stock price when the opinion was issued

biotechnology pharmaceutical
BUY

Xerox(XRX-N)

Jun 26, 2019
It's hitting new highs. Big cash flow, buying back stocks and raising their dividend. They're also developing new products, trading around 9x cash flow. All this in a slowly declining business. A defensive stock that he really likes.
Lorne SteinbergLorne Steinberg
Owned
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$35.300

Stock price when the opinion was issued

misc industrial products
TOP PICK

Bank of Nova Scotia(BNS-T)

Jun 26, 2019
He hasn't recommended a Canadian bank in a while. BNS has long been under pressure from their Latin America operations, but the growth rate of that has been a huge 14%. Now is a great entry point. Pays a 5% yield. Today, they're selling operations in the Caribbean, a weak link. They've made big purchases in wealth management which will pay off. A great defensive. (Analysts’ price target is $80.07)
Lorne SteinbergLorne Steinberg
Owned
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$71.130

Stock price when the opinion was issued

banks
TOP PICK

Dow Inc. (Formerly Dow Chemical) (DOW-N)(DOW-N)

Jun 26, 2019
A defensive stock. Expects surprising growth. (Analysts’ price target is $60.45)
Lorne SteinbergLorne Steinberg
Owned
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N/A

Stock price when the opinion was issued

chemicals
TOP PICK

Yamaha Corp.(7951-HK)

Jun 26, 2019
They make musical instruments, gaining market share and coming out with a slew of new products. They have a great presence in China. Has no debt and a lot of cash. They've been buying back shares and raising their dividend agressively. Earnings and revenues are up. Price target: Yen 5957.14 (Analysts’ price target is $5957.14)
Lorne SteinbergLorne Steinberg
Owned
Unlock Rating
N/A

Stock price when the opinion was issued

Consumer Products
COMMENT

High-yield bond funds(A Commentary)

Jun 26, 2019
High-yield bond funds Any short-term bond fund will be insulated if interest rates rise. As long it's a diversified fund, if it own US funds, make sure it's hedge. If the Canadian dollar goes up and you own USD bonds you will get hit by a negative currency move.
Lorne SteinbergLorne Steinberg
Unknown
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TOP PICK

Dow Inc. (Formerly Dow Chemical) (DOW-N)(DOW-N)

Jun 26, 2019

Not the merged Dow. They're not focussing on packaging and materials. Pays a 5.5% dividend at 12x earnings. A defensive stock. He expects surprising growth. (Analysts’ price target is $60.45)

Lorne SteinbergLorne Steinberg
Owned
Unlock Rating
N/A

Stock price when the opinion was issued

chemicals

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