Daily Stock Opinions and Ratings

Latest Stock Buy or Sell? Make More Informed Decisions!

Today, Stockchase Discover and Cole Kachur commented about whether ERIC-Q, ULTA-Q, BAM.A-T, NFI-T, ABX-T, EIF-T, OSB-T, EMA-T, POW-T, SU-T, SQ-N, ZZZD-T, VET-T, BB-T, TSLA-Q, ENB-T, XIU-T, WELL-T, GIB.A-T, HD-N, BBY-N, CFP-T are stocks to buy or sell.

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BUY

Allan Tong’s Discover Picks During the depths of the lockdown, the price of lumber in the CME futures has tripled since April 1 to nearly touch US$828 (per thousand board feet) just recently. There are no signs yet to show a slowdown in demand. Meanwhile, Canfor is still only halfway to its all-time highs above $32, last touched in May 2018. Read BBY Stock, HD Stock and CFP Stock: Top 3 Stocks for the Homebody Trend for our full analysis.

BUY

Allan Tong’s Discover Picks Best Buy is trading only $6 lower than its average price target of $116. Even though the wind is at its back, it’s likely wise to wait for a pullback before entering or adding more. Existing shareholders have been rewarded with a 74.56% total one-year return at a 3.53% profit margin and a 17.35x PE. Read BBY Stock, HD Stock and CFP Stock: Top 3 Stocks for the Homebody Trend for our full analysis.

BUY

Allan Tong’s Discover Picks The average price target is $302.71, around 5.5% higher than current prices. Income investors will like its 2.08% dividend, based on a low 55% cash flow. Home Depot has increased its operating margins from 11 to 16% while raising revenues. Online sales in the recent quarter jumped 100%. Home Depot is here to stay, but step perhaps in at a better price. Read BBY Stock, HD Stock and CFP Stock: Top 3 Stocks for the Homebody Trend for our full analysis.

COMMENT

Reaction to Altice USA offer to buy Cogeco? Offer seems relatively fair. Shares are relatively undervalued in the market, so the premium was offered as enticement. A long way from being a done deal. Telecom returns haven't been that robust over the last little while, so it represented a good chance to take some profits.

BUY

Pretty robust pipeline. Nice earnings. Target price bumped up. Just below all-time highs and will most likely move up to the $100s or 110s. A tech name in the TSX that would make a lot of sense for people.

RISKY

Getting some recognition with digital transformation of health. Had a nice bounce over the last few weeks. More on the risky side. Don't put all your eggs in. One of those names that, if you looked back 10 years from now, might be the next Shopify. Seems to be well run.

PARTIAL BUY

As easy as it gets for passive investment. Broad-based exposure to the Canadian market. Financials, tiny bit of energy, lifecos, pipelines. If you expect returns over time of 6-7%, it's a good holding. Income stream is pretty solid. Markets are a bit overbought right now, so don't go full bolt right now. Instead, dollar cost average in.

HOLD

Oil and gas are undervalued, as the world as a whole is moving on from that sector. But the commodity will still be used, and so ENB should have sustainable earnings. Biggest thing is where are they going to get their growth from? Likes the company, especially for income investment, but growth is questionable as it's so hard to get new approvals.

BUY ON WEAKNESS

Continues to move like crazy after the stock split. Pure momentum is driving it. Merit to what they're doing, but doesn't know that the sharp move up is sustainable. Periods of volatility. If you believe in the name, just wait for periods of weakness and chip away at it. Expensive, due to DIY trading.

DON'T BUY

Handset's interesting, but how many people are going to go back to that? iPhone and Google are more competitive. So many other tech companies out there that are better. Just move on. There are better spots for your money.

DON'T BUY

Look like value, going to be volatile. If oil spikes, you can make a quick buck. Very good company, but in a tough industry. If he were to own energy, he'd look at the bigger players like SU or CNQ. This would be a gamble. Better places for your money than in energy.

PAST TOP PICK

(A Top Pick Aug 23/19, Down 7%) Good, well-run ETF. Conservative. Held through the March lows. Sold it to go into some indexes and benefit from the rebound.

PAST TOP PICK

(A Top Pick Aug 23/19, Up 162%) Fintech and payment processing is the way of the world. SQ has been crushing it. When it outperforms, you have to rebalance. He wouldn't chase it now, but happy to hold.

PAST TOP PICK

(A Top Pick Aug 23/19, Down 41%) Doesn't love energy, but if he had to buy, this would be one. Better spots to put money now than in energy. Perfectly good company, but the industry is in the penalty box. Well run. If you're down, don't rush out to sell. It will inch its way back.

BUY

Really likes it. More than 6% dividend, with relatively low payout ratio. Not that exciting, but core businesses are strong. Wouldn't be surprised by 5-8% capital growth over a year or two. Hold it for the yield, and it will turn into a solid core holding.

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