Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Robert Lauzon commented about whether DNTL-T, ENB-T, PFE-N, PEP-Q, UBER-N, BLDP-T, BLK-N, DNNGY-O, IBDRY-O, CJT-T, WN-T, TPZ-T, AC-T, INE-T, DIR.UN-T, PLTR-Q, COST-Q, D.UN-T, NEM-N, AGF.B-T, LFUS-Q, MAT-Q, IGT-N are stocks to buy or sell.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly The gambling technology company just reported earnings that beat expectations by 21%. Their strategy to enter into online sports betting gives them a competitive advantage. Matched with the return to traditional casino gaming, analysts expect 24% profit growth next year. It has re-instated its quarterly dividend, which is paying a good yield here and backed by a payout ratio under 50% of cash flow. The company has prudently used some cash reserves to retire a mountain of debt. We are recommending a stop loss at $16, looking to achieve $37 --upside over 80%. Yield 3.03% (Analysts’ price target is $37.29)
entertainment services
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Stockchase Research Editor: Michael O'Reilly The long time toy manufacturer has worked hard to re-invent itself, partnering with Disney and Universal and reviving iconic brands like Barbie, Hot Wheels and Fisher Price. It even has pledged to use 100% recycled bio-based plastics. Its management during pandemic supply-chain threats were expertly handled as reflected in their earnings profit that beat expectations by 150%, when a loss was expected, while supporting a strong 42% ROE. It has prudently used some cash reserves to aggressively retire debt. We recommend a stop loss at $19, looking to achieve $33 -- upside potential over 30%. Yield 0% (Analysts’ price target is $33.33)
household goods
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Stockchase Research Editor: Michael O'Reilly As the name implies, the company manufacturers fuses and switches used to protect virtually any industrial and commercial electronic component. Recently reported earnings beat expectations by over 50% and support a ROE over 20%. It trades at 18x earnings compared to peers at 30x. It pays a small dividend that has been growing over 11 consecutive years and is supported by a payout ratio under 20% of cashflow. We recommend a stop loss at $210, looking to achieve $309, upside potential over 20%. Yield 0.82% (Analysts’ price target is $309.00)
INDUSTRIAL PRODUCTS
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PAST TOP PICK
(A Top Pick Mar 29/22, Down 10%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with AGF.B has triggered its stop at $6.85. To remain disciplined we recommend covering the position at this time. This will result in a net investment loss of 16%, when combined with the previous buy recommendations.
investment companies
funds
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PAST TOP PICK
(A Top Pick Oct 26/21, Up 22.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NEM has triggered its stop at $70.50. To remain disciplined we recommend covering the position at this time. This will result in a net investment gain of 15%, when combined with the previous buy recommendations.
precious metals
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COMMENT
The US Fed hiking rates, the Russian war and China's Covid lockdown are weighing on markets. When markets gets jittery, the Fed lowers rates, but it can't do that now, while Russia and China we can't solve overnight. Markets are gradually pricing in negative earnings growth. Typically when the US 10-year yield touches 3%, the market trades at 15.5-16x. We're close to a bottom, one or two bad days away. Blue chip stocks (pay a dividend and shares grow) have corrected 10-15% while momentum stocks fell 60% and these may not have earnings in 2023. Put those aside and buy a quality name like a bank, pipeline or Visa. He's very close to deploying cash.
BUY
E-commerce drives these REITs. Two weeks ago when Amazon reported, these REITS fell 20%, because Amazon said they have built enough capacity. But e-commerce still has a big runway for growth, especially Canada. The space is consolidating now, like Prologis and Blackstone, and he expects more. Rental rates of these industrial spaces continues to rise and the spaces are full. He also likes Summit REIT (he owns), and Granite. Also likes Dream.
REAL ESTATE
BUY
He holds a renewable power portfolio. He started buying this after the Texas ice storms around $17. Likes it. It has the development pipeline he likes. A smaller-cap to the green super-majors in Europe. INE has pulled back. Is a dividend grower and their operations will expand in the future.
electrical utilities
TOP PICK
Infrastructure spun out from Tourmaline, a favourite oil company. They also derive royalties from Tourmaline's lands. It's a hybrid royalty-infrastructure company which removes a lot of the risk of an energy company. It yields 4.5% and they raise it yearly. M&A are coming, says management, perhaps infrastructure or royalties assets. He expects 10% growth + the divvy. (Analysts’ price target is $28.86)
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TOP PICK
Low risk. WN owns the Loblaw and Shoppers Drug Mart real estate and accounts for half their earnings. A dull and boring consumer staples business. Trades at a 12% discount to its holdings in Loblaw and Choice REIT. They just raised their dividend by 10% today, though it isn't huge. They just sold their baked-goods business and sit on $3.1 billion. The family will buy a lot more shares in coming years. A well-run company. He sees a 10% rise in the share price. (Analysts’ price target is $170.38)
food processing
TOP PICK
It has pulled back with Amazon and e-commerce cooling, but they ship 90% of packages that go overnight between Vancouver and Toronto. It's a play on the Canadian economy. They can't keep up with demand. A good entry point. Shares can double in 2-3 years if we don't see a recession. CJT is adding 4 more planes in coming years, so he likes the growth outlook. (Analysts’ price target is $236.08)
Transportation & Environmental Services
