Today, The Panic-Proof Portfolio (Stockchase Research) and Michelle Wearing commented about whether CHCT, AMH, COLD, CAR.UN.TO, AP.UN.TO, XRE.TO, CSH.UN.TO, CRR.UN.TO, NWH.UN.TO, ERE.UN.TO, KMP.UN.TO, PLD, CRT.UN.TO, SPG, SRU.UN.TO, HR.UN.TO, CUF.UN.TO, GRT.UN.TO, IIP.UN.TO, OMF, MTG, TCF, BIIB, NLOK, CVS are stocks to buy or 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.
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)