Latest Stock Buy or Sell? Make More Informed Decisions!

Today, Bill Harris, CFA commented about whether WEF.TO, CCO.TO, KEY.TO, RUS.TO, EMA.TO, ABX.TO, NWH.UN.TO, SRU.UN.TO, BTO.TO, ROXG.TO, IPL.TO, SU.TO, WCP.TO, BAM.A.TO, BIP, BEP.UN.TO, NPI.TO are stocks to buy or sell.

N/A
The economy has dug itself in a hole and we then filled it with too much money. Now there is nowhere for the money to go. Interest rates are so low, do you use the bond market? The scale of the money looking for somewhere to go is driving the market.
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Apple. They sold Apple last week. Over the last 6 months, nothing has changed internally. However, the multiple has expanded sharply. It's close to 40 times current earnings now.
WATCH
He would consider it infrastructure. They have solar and wind facilities. It saw a great move, and it is on their watchlist. You must know the regulatory issues and understand the pieces. There may be too much money going into the space too fast.
COMMENT

They own Brookfield Infrastructure. The infrastructure stock has better valuation than the renewable energy fund. Brookfield renewable also faces too much money going into the sector.

COMMENT

They own Brookfield Infrastructure. The infrastructure stock has better valuation than the renewable energy fund. Brookfield renewable also faces too much money going into the sector.

HOLD
All of the funds funnel money back to the mothership. Executives also own the main Brookfield stock more than the subsidiaries. There is heavy office, mall and real estate hold up. It will recover back to its growth projectory once things normalize.
DON'T BUY

Gas is doing better than oil. The gas price has helped propel gas companies from the bottom. He would prefer CNQ or other high quality companies.

COMMENT

He would compare it with Canadian Natural Resources which has a greater chance of upside. Suncor wasn't beaten down as much as CNR. They have good free cash flow and executes well. Energy stocks in general are still at risk since institutional money is avoiding the sector.

DON'T BUY
A very simple pipeline and tank business. They owned and followed it for a long time. They invested in turning oil to plastics. The demand for propylene that they will produce is hard to evaluate so they exited.
BUY
The only small cap gold stock they own. It's caught up in the West African politics. They like the projects going forward though and they are securing their production.
BUY
It will trade along the gold price. Any time the gold price stalls, there will be a pull back in the stock price. This gold environment will continue. They now hold over 10% of their portfolio in gold. This stock will trade off exploration success or deal flow and not earnings.
DON'T BUY
Lots of GTA multi-use with commercial too. With REIT that have commercial exposure, it's hard to see what they are doing. He would prefer warehouse REITs or grocery anchored REITs.
COMMENT

He would look for industrial warehouse or grocery anchored REITs that are doing quite well. He doesn't know NWH too well. People are paying their apartment rent too, so he hold some such as Boardwalk.

TOP PICK
Still likes the exposure to gold. It has cleaned up their finances and assets. He believes it can go up to $50 in the next couple years. The cycle is probably much longer. (Analysts’ price target is $42.44)
TOP PICK
It offers safety with a stable income. Utilities are defensive and it just pulled back so it is a good opportunity. A high quality Canadian business. (Analysts’ price target is $59.81)

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