Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Chris Blumas commented about whether GOOG, DIS, BAM.A.TO, TD.TO, CJT.TO, TCN.TO, ARX.TO, MG.TO, F, BEI.UN.TO, CAR.UN.TO, ATD.TO, ENGH.TO, AX.UN.TO, ABT, BHP, GIB.A.TO, MMS, TMO, FSV.TO, GWO.TO, MFC.TO, CM.TO, AQN.TO, X.TO are stocks to buy or sell.
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COMMENT
Where and how to invest now? Geopolitical uncertainties muddy the waters for central banks. Markets have been volatile for the last few years. Don't bet on one thing. Be very well diversified, geographically, by sector, and also by investment type with growth, value, and income stocks. That mix will let you sleep at night and stay invested in the market.
COMMENT
Areas to avoid? He's very cautious on some of the high cyclicals, specifically the commodities that have gone parabolic over the last few months. This year has seen a transition from growth to value. So now some of the value names are higher than he's comfortable paying, and some of the growth names have tumbled. There's always an opportunity somewhere in the market. As long as your portfolio is diversified, you can shift your allocation to take advantage of opportunities.
STRONG BUY
Good hold for the dividend? Really likes. Attractive valuation. Dividend is very sustainable and has grown over time. Regulated, so interest-rate sensitive. You have to skew towards interest-rate sensitives that can grow. AQN fits that profile. Really good growth profile, solid management.
Chris BlumasOwned
electrical utilities
COMMENT
Yield curve's effect on banks. Banks that have more of their income dependent on interest from loans depend more on the yield curve. Canadian banks have a mix -- interest from loans, plus income from wealth management, insurance, and other services. So Canadian banks are less sensitive than US banks, especially regional banks, to the yield curve. With the Fed planning to increase interest rates, banks that are more interest rate sensitive will benefit more from the rising yield curve.
COMMENT
Trading pattern of sells at end of day depresses price, looks suspicious. The pattern can be misleading, as it's usually mutual funds and money that's managed on behalf of the banks. Don't get too caught up in that. Anything nefarious will be sussed out pretty quickly by the data feeds and regulators.
BUY
A pocket of value in the sector, life insurance is the cheapest in the group. Lifecos definitely have room for multiple expansion and earnings growth. His preferred name, with a more mature M&A market focus, whereas an MFC is more focused on EM.
Chris BlumasOwned
insurance
DON'T BUY
IT services company, majority of revenue from government. Big acquisition added debt. Covid benefit has moderated, cashflow has been hit. Good business economics, great free cashflow, attractive valuation. In the space he prefers CGI, with a more global platform, free cashflow yield of 6%, less focus on government work.
0
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