Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Norman Levine commented about whether BHP-N, TOU-T, BRK.B-N, ALC-T, EL-N, MRE-T, STLC-T, RIO-N, BCE-T, T-T, BRK.B-N, SNY-N, ENB-T, MCD-N, PKI-T, POW-T, NVO-N, MFC-T, CNR-T, MG-T, BDT-T, GPS-N, LRCX-Q, TUP-N are stocks to buy or sell.
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Premium contentPremium contentPremium contentPremium contentCN vs. CP It's surging today. Rails are good--they are the economy. CN is more of a commodity shipper and commodities are in demand. Both CN and CP will be hit by the weak grain harvest from lack of rain. He hopes CN wins the battle for KSU. (Didn't comment much on CP.) There is integration risk in buying KSU and they will need to borrow money to close the deal, but this is a short-term problem and it's worth building a network to Mexico.
Fundamentals are strong, but not reflected in the stock price MFC chooses to invest most of its cash to growing its Asian business. He sold his holdings around the 2008 crash and bought SunLife instead, because they were too risky among the insurers, then MFC de-risked too much after the 2008-9 recession. If interest rates rise, he'd rather be in SunLife or Great-west Life. MFC volumes are high, because it is the biggest lifeco in Canada. He prefers SunLife.
He owned Power Financial for a long time, but not POW. All financials plunged in 2008, but POW has never really come back. However, recently, the stock is doing well after investing in tech including Wealthsimple (a smart investment). If you want to own Great-West Life, buy it directly and not trough POW.
(A Top Pick Mar 12/20, Up 62%) It's the ultimate value stock. They're big in financials, rails and cyclicals, but their biggest holding is Apple. An interesting mix of holdings here. This is a no-brainer. True, Buffet and Munger won't be there one day, but how much input do they have day-to-day? He's confident that BRK will carry on.
