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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, David Burrows commented about whether TOU.TO, LSPD.TO, SIVB-O, GS, TRI.TO, XOM, LIF.TO, COST, CJT.TO, LIT, BLDP.TO, LAC.TO, BIR.TO, RIO, HD, CP.TO, GOOG, ARX.TO, ATRL.TO, KEY.TO, BIP.UN.TO, FCX, IAI, POW.TO, IGM.TO, CIX.TO, BX, FSZ.TO, CNQ.TO, SU.TO are stocks to buy or sell.
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BUY
Really likes the investment management sector. It should be pretty good business in a time of a decent market and reflation. When a group gets into gear, you want to look at the leaders.
David BurrowsOwned
mngmntdiversified
BUY
Really likes the investment management sector. It should be pretty good business in a time of a decent market and reflation. When a group gets into gear, you want to look at the leaders. One of the best performing financial ETFs out there.
David BurrowsOwned
E.T.F.'s
BUY
Commodities are more volatile, correcting since May. World is in a copper deficit, and FCX is the one you want to own. If it were to break $31, he'd be forced to the sidelines. Other risk-oriented sectors have been gaining ground, so we should see a reacceleration of the base materials and end the year pretty well.
David BurrowsOwned
non-base metal mining
DON'T BUY
People own it for the 3.6% dividend yield. Not a huge fan of infrastructure right now, as they're in the same camp as utilities and telecoms. Stable, low economic sensitivity, low dividend growth. Market likes faster dividend growers. Relative strength has been weakening. Not the best place for total return going forward.
Energy Infrastructure, Industrials & Utilities
BUY
Absolute market leader for the last 2 years, for good reason. Multiple revenue streams. A great predictable asset. Firing on multiple cylinders. Beat estimates regularly, which continue to rise. However, it's in the secular growth camp, whereas some of the economically sensitive stocks will outperform. Lots of potential.
David BurrowsOwned
Technology
BUY
Canadian banks using mountain of cash for dividends and buybacks. US investors are still cautious about banks. Whereas Canadian investors have tremendous confidence in our banks. Financials are his largest weight, because of dividend growth. Likely to see an acceleration in dividend growth. With rising interest rates, you need a rising stream of dividends. A great place to be.
PAST TOP PICK
(A Top Pick Jul 27/20, Up 13%) Keep an eye on to buy again in the future. Fires have held up shipping. Numbers likely to come down. Relative price performance has been weak. Cyclicals need to be traded, not held forever. He's waiting for the next quarter, and more water under the bridge for the KSU deal. Great operator. Cautious short-term.
Transportation
PAST TOP PICK
(A Top Pick Jul 27/20, Up 26%) Had a good run. Iron ore prices have corrected. Interesting area around this price. He'd want to see it turn higher over the next 2-3 weeks before he added new positions. If we're in a commodity cycle, this could be a leading stock for a very long time.
David BurrowsOwned
other mines
BUY
Rising relative strength. Strong performance. Generating a ton of free cash. Gas production is rising. Completely unhedged. Likes the group. Gas prices likely going up into the winter.
David BurrowsOwned
oilgas
BUY
LAC vs. BLDP Both in alternative energy space. He'd pick lithium as a material, and lithium producers as more timely. Market doesn't care about BLDP's technology adoption right now. Whether you own the LIT ETF basket, or some of the larger producers, the demand is going to be solid for quite some time.
Mining
DON'T BUY
BLDP vs. LAC Both in alternative energy space. He'd pick lithium as a material, and lithium producers as more timely. Market doesn't care about BLDP's technology adoption right now. Whether you own the LIT ETF basket, or some of the larger producers, the demand is going to be solid for quite some time.
misc industrial products
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