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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Greg Newman commented about whether CCO.TO, TOU.TO, CAE.TO, ACQ.TO, OTEX.TO, AC.TO, QSR.TO, CNR.TO, CP.TO, UBER, SRU.UN.TO, AP.UN.TO, BAM.A.TO, CRR.UN.TO, HR.UN.TO, NFI.TO, C, MG.TO, MFC.TO, OVV.TO, AGF.B.TO, PKI.TO, PFE, QBR.B.TO, CNQ.TO, BBD.B.TO, FFH.TO are stocks to buy or sell.
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COMMENT
Buying a call for February? Going to miss numbers by a huge 40% due to supply chain issues. Long-term story doesn't change, but this impacts their balance sheet. Problem with buying a call is you're putting a gun to your head that it's got to work by February. He'd rather sell the put over the next 3-4 months, around $20. Will be in the penalty box for a while. Credibility is important with every stock, and this did raise eyebrows.
Automotive
BUY
CP vs. CNR The takeover was a real love triangle. He's confident they'll get approval. You want to buy them into this weakness. 9% growth rate, 17.5x 2023 earnings. Will be a better entity going forward. CNR looks very good with their new strategy to better their OR over time. Both are to be owned at this point.
Transportation
BUY
CNR vs. CP The takeover was a real love triangle. He's confident CP will get approval. You want to buy them into this weakness. 9% growth rate, 17.5x 2023 earnings. Will be a better entity going forward. CNR looks very good with their new strategy to better their OR over time. Both are to be owned at this point.
Transportation
HOLD
Quality business. 15x 2022 earnings, quite cheap. Trouble is there aren't many catalysts for growth. He's modelling only 3% EPS growth. Better places for new money. If you own it, it will continue to work. So hold it, or sell some covered call options. The stock isn't going to run away.
computer softwareprocessing
TOP PICK
New vehicle growth is still 15% below 2019 levels, so there's still growth. He bought it at $43, and then it had a huge move yesterday. Still lots of upside. Solid balance sheet to fund acquisitions. 500 million new transactions in the pipeline. Digital strategy. Undemanding multiple of 8x. Still underowned. No dividend. (Analysts’ price target is $64.13)
Greg NewmanOwned
specialty stores
TOP PICK
Safer play on the global aviation recovery. Nice upside with further capital deployment. Not cheap, but growing around 36%. Sets up nicely for investors on price to growth. No dividend. (Analysts’ price target is $42.78)
Greg NewmanOwned
transportation equip & components
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