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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly CVS, the 2nd largest pharmacy in the US, recently came under pressure with the announcement of Amazon stepping into the pharmacy space. However, now trading at 11x earnings, CVS is good value here -- especially after announcing they are hiring 15,000 staff in Q4 to likely become a mass vaccine distributor. Recent earnings of $1.66 per share beat expectations of $1.34. Management raised guidance of annual 2020 earnings to $7.35-$7.42 per share, above analyst calls for $7.23. It pays a great dividend, backed by a 33% payout ratio. We would buy this with a stop-loss at $57, looking to achieve over $82 -- over 21% potential. Yield 2.96% (Analysts’ price target is $82.43)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly The maker of anti-virus software and cybersecurity products has been beaten down this year, but is now at solid values. Their products for small business are ideal as working remotely is trending. Trading at only 13x earnings, it is that one-third of its peers in the sector. It pays a meaningful dividend, backed by a payout ratio of 10%. We would buy this with a stop-loss of $15, with an objective of $24 -- 30% potential. Yield 2.75% (Analysts’ price target is $24.05)
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly BIIB has been on a roller-coaster. When the FDA announced a priority review of a new Alzheimer's drug, it stock soared to $360. When the review failed to approve the drug in the first go-round, the stock plunged to under $250 -- so it goes with drug manufacturers. Its MS drugs continue to do well and it is working on treatments for Parkinson's disease as well. Trading at 8x earnings, it is cheap compared to peers at 30x. We would buy this with a $180 stop-loss looking to achieve $305 -- 26% upside. Yield 0%. (Analysts’ price target is $305.90)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 01/20, Up 57%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has exceeded analyst expectations, trading to $37. We are being disciplined and are recommending taking 50% of the position off. We are keeping the trail stop at $23.50 -- near the original recommended buy price.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 10/20, Up 37.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has exceeded analyst expectations, trading to $12.50. We are being disciplined and are recommending to cover 50% of the position. We are also recommending trailing the stop to $9.25 -- just above the original recommended buy price.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 01/20, Up 40.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has achieved its 40% upside objective. We are being disciplined and are recommending that 50% of the position be covered. We are also recommending the stop be trailed up to $34.00, which should all but guarantee a minimum return of 28%.
COMMENT
Good time to buy in to real estate? Yes, it's one of the most compelling choices today. Combination of low interest rates, low inflation, low growth, and growing demand for tax-efficient income. In 2020, a number of distributions have been reduced, while many in the real estate sector have increased theirs. But you have to be selective.
COMMENT
Cloud over office and retail REITs? Retail was struggling before Covid, and the pandemic just accelerated that. Especially those who didn't have a superior e-commerce presence. Going into the holiday season, lockdowns will be challenging on the bricks and mortar retail locations. Vaccine is a light at the end of the tunnel, but she's still really cautious on retail. Structural challenges remain with over supply. There will continue to be a need for some office space, but flexibility is needed, and how does that translate into office requirements? Next two years will be net negative returns.
HOLD
Likes it. Stock's performed really well. Q3 results strong. Trading at a 5% discount to NAV. Still upside. Primarily in GTA, Hamilton, Ottawa, Montreal. Buy underperformers and renovate them to the advantage of shareholders. Strong recurring free cashflow, growing distribution. Yield is 2.3%.
HOLD
Properties in NA and Europe. Trend to e-commerce. Performed very well. Collection is over 99%. Stock's going sideways due to recently raising equity and the value trade. Strong outlook over next 12 months. Great balance sheet. Just increased distribution. Yield is 3.9%.
DON'T BUY
A play on Quebec. Announced a strategic review, so potential for some sort of activity. She prefers to own a pure industrial. Summit, for example, has Montreal exposure. Retail is going to face significant challenges to creating a path to growth. Third distribution cut since 2017. Better opportunities elsewhere.
SELL
Still down over the year, and will be subject to tax-loss selling. Near-term headwinds of its closed malls. Take profits and move on to something with less volatility and less impacted by Covid.
SELL

Focus on Walmart and adjacent retail. Likes Walmart, but the adjacent retail faces headwinds. Management team says better growth in residential than in retail. She'd take this cue and invest in companies that already have residential exposure. Talk of distribution cut.

DON'T BUY
Top-tier malls, but she's concerned over the next few years. Sales falling, rents coming down. Stock falling well before Covid. We're not going to get to the new normal anytime soon. Prefers REITs benefiting from secular trends like data centres, towers, industrials.
DON'T BUY
A bet on Canadian Tire over the next 10 years. Doesn't see significant amount of growth. Like a bond proxy. Safe play, but there are better opportunities.

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