Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Lorne Steinberg commented about whether BNS-T, CTVA-N, SNY-N, HSBC-N, BIP.UN-T, BIP-N, TAP-N, BRK.B-N, UL-N, DOL-T, CVS-N, WBA-Q, NSRGY-OTC, JPM-N, 6118-JP, GS-N, SLF-T, ATRL-T, MSFT-Q, AMZN-Q, OXY-N, MS-N, MSFT-Q are stocks to buy or sell.
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Market. Bad news is good news and good news is bad news as the market is loving that consumer spending is weak. That kind of thing is going on quote a lot in the world right now. The market is discounting lower interest rates as well as quantitative easing a year away. The IMF is pretty clear that they see global growth slowing. News of China and India are pretty weak as well as North America. It is pretty clear that the economy is slowing and the question is if we get a recession how deep and how long. Have some cash on the sides at least. The market is not going to continue to go up.
BUY
He just trimmed his holdings. One has to look at the quality of what one is buying. This is a quality company. They are driven by the cloud business. He looks forward and sees so much cash being generated that it deserves to get a premium. They are a massive cash machine. They keep buying back stock and sit in an immaculate financial shape. It's not cheap, however.
computer software
processing
DON'T BUY
Other companies have gotten into trouble bidding on these large contracts. They got rid of part of the 407, which was their cash cow because they needed cash. They still have a stake, however. This whole global engineering space is hard to predict. It is so hard to know if these large companies underbid on these large contracts then 3 years later find they lost money on them.
contractors
RISKY
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Three principal variables when buying a high yield bond. When you buy one, you are lending money to a company like a lender. If there is not adequate capital, then it is probably too risky an investment if the company fails. Ask what is the cash flow to pay back the interest on the bond. A number of high yield bonds yield 15% but don’t pass the above tests. You'll be in the 6% range. Buy a diversified portfolio. [No third principle given.]
PAST TOP PICK
(A Top Pick Oct 02/18, Up 20%) And it still looks cheap. It is so well positioned globally. Earnings are rising double digits. The dividend is growing and he thinks this will continue. They have been able to handle the low interest rate environment so well and continue to generate earnings growth.
insurance
PAST TOP PICK
(A Top Pick Oct 02/18, Down 7%) It has been weak like the global banking sector. Most other banks have gotten out of derivatives trading, that most people don’t understand. By staying in that business they will derive fantastic profits in that area. They are a cash machine and are buying back stock over time.
investment companies
funds
