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TOP PICK
Stockchase Research Editor: Michael O'Reilly FSLR is a solar panel manufacturer and supplier. It has worked to increase the life cycle and efficiency of its product. New production facilities are expected to reduce unit cost. As supply side issues continue to be resolved the company will be able to work its way through the order backlog. It trades at a discount to peers and is currently valued at 1.2x book value. We recommend placing a stop loss at $50, looking to achieve $87 -- upside potential over 27%. Yield 0%. (Analysts’ price target is $86.97)
other mines

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Stockchase Research Editor: Michael O'Reilly The semiconductor chip space has been under pressure this year due to supply chain issues and global economic concerns. However, as the market readjusts, the demand for chips will soon resume. INTC trades at only 6x earnings and 1.6x book. It pays a good dividend, backed by a payout ratio of 25% of cash flow. Its recently reported earnings support a ROE of 21%. We recommend a stop loss at $28, looking to achieve $52 -- upside over 40%. Yield 3.9% (Analysts’ price target is $51.40)
electrical / electronic

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Stockchase Research Editor: Michael O'Reilly The semiconductor chip space has been under pressure this year due to supply chain issues and global economic concerns. However, as the market readjusts, the demand for chips will soon resume. SWKS provides wireless chips for mobile, automotive, home and industrial uses. It is a major supplier to Apple, but has been working to diversify into Android and wearable technology. It pays a good dividend, backed by a payout ratio under 30% of cash flow. Its recently reported earnings support a ROE of 30%. We recommend a stop loss at $80, looking to achieve $167 -- upside over 73%. Yield 2.3% (Analysts’ price target is $166.95)
electrical / electronic
COMMENT
Markets and volatility. Expects volatility to continue. After-effects of the pandemic like supply-demand imbalances, labour shortages, supply chain disruptions that have been exacerbated by Russia's attack on Ukraine and lockdowns in China. This lethal mix has caused inflation to spike and last longer, making central banks raise rates more aggressively. Resulting volatility in both stocks and bonds. Rising rates and high inflation will slow down the economy, some parts more than others, such as real estate and consumer discretionary spending. He's in the camp of a soft landing. Both Canada and the US have low unemployment, high personal savings, historically low interest rates, and strong currencies. Core inflation numbers are starting to roll over. Don't get too spooked by the headline numbers, but stay diversified in recession-resistant businesses in case things get ugly.
Unknown
COMMENT
US 9.1% CPI number was a negative jolt? If you take it apart, the main factors were a spike in energy costs and other random items. Oil prices are coming down, already reflected in the price at the pump. We're probably going through the worst of it as we speak. Remain fairly defensive in recession-resistant companies. Take advantage of the volatility to add high-quality companies in your favourite sectors. He likes clean energy, infrastructure, aging demographics, some industrials.
Unknown
WAIT
Very correlated to markets. High beta. Depends on IPOs and secondary offerings. If you're willing to ride out the volatility, stock should be higher a few years from now when things calm down. Not for you if you can't stand volatility.
investment companies / funds
BUY
His firm is the third-largest shareholder. Shareholder Lassonde Industries is adding value by increasing distribution chains, especially in Ontario. Expects good results at next reporting. Reopening trade and acquisitions will help. Expects a premium takeover offer over the next few years.
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