Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Varun Anand commented about whether V-N, LCFS-T, BLX-T, NPI-T, CJT-T, GEI-T, TRP-T, ENB-T, EVGN-X, ALA-T, ENB-T, AQN-T, INW-MIL, SWCH-N, CCI-N, ATRL-T, TRP-T, PPL-T, ENB-T, CVE-T, V-N, MA-N, PIF-T, BIP.UN-T, TWM-T, SCGI-X are stocks to buy or sell.
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COMMENT
Opportunities in infrastructure? It's been a hot sector for a while. We've seen valuations come up this year, especially in renewables. Pensions still have an appetite for infrastructure, which bodes well for the outlook. Still an insatiable demand for assets with contracted cashflows, low volatility, and ESG friendly characteristics. This is where infrastructure shines. Some of the weakness seen this year should reverse next year.
COMMENT
Opportunities in green power? Definitely. A number of names have come off. Big drawdowns in names with high valuations such as fuel cells and hydrogen, where a lot of growth was priced in. He focuses on independent power producers, with more reasonable valuations, strong base of operating assets, and a low-risk contracted growth profile. These offer more compelling value than the high flyer energy plays.
COMMENT
Big infrastructure spend in US and Canada. EU also just came out with their plan. Timing is difficult to say, but we will see a tremendous amount of investment into infrastructure over the next decade. Transportation, renewable energy, energy mid-streams will continue to see investment to satisfy the need for goods globally, as well as population growth and density into urban areas. Lots of growth ahead. It's a matter of playing the right names at the right time.
BUY
Tremendous value at current price. Assets performing exceptionally well. They have a number of strategic assets around the county, so he could see some outside interest, but they don't need the cash, as they have enough growth ahead. Recent spinout should provide free cashflow and equity lift. See his Top Picks.
gas pipelines
BUY
Large cap, diversified infrastructure play, headed by one of the best asset managers BAM. Excellent job building out globally. Better ways to play infrastructure by owning individual names vs. a conglomerate. Good candidate if you want to sleep at night and collect the dividend.
Energy Infrastructure, Industrials & Utilities
BUY ON WEAKNESS
Sentiment on renewables has taken a nosedive. Number of projects likely to be consummated in next 3-6 months, including acquisitions. Nicaragua contract extended. Valuation steep discount to peers. Will see increased M&A activity or an increased payout ratio by jacking up dividend.
INDUSTRIAL PRODUCTS
BUY
Payment processors under lots of pressure, due to fintech disruption. No reason for such a pullback, as the networks remain intact, which Visa and MA dominate globally. Lack of tourism has hurt. Should recover next year. Tremendous free cashflow, levered to consumer spending and travel, increased buyback program.
other services
