Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Ryan Bushell commented about whether AQN-T, ARE-T, PPL-T, FTS-T, GWO-T, KEY-T, LIF-T, CVE-T, WCP-T, AW-T, SJR.B-T, FRU-T, TRP-T, IIP.UN-T, GSY-T, CPX-T, RY-T, CAR.UN-T, TD-T, CTC.A-T, CSH.UN-T, PKI-T, VLGEA-Q, PVH-N, LFUS-Q, WEYS-Q, VALE-N, BBY-N, AA-N are stocks to buy or sell.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly This integrated producer of aluminum and the world's largest miner of bauxite is a TOP PICK. Recently reported earnings support a 30% ROE and cash reserves are growing, while the company buys back shares and retires debt. It trades at 10x earnings compared to peers at 21x and is valued at 1.5x book. We recommend placing a stop loss at $31, looking to achieve $60 -- upside of 25%. Yield 0.8% (Analysts’ price target is $78.64)
non-base metal mining
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TOP PICK
Stockchase Research Editor: Michael O'Reilly Despite doom and gloom with inflation and a slow down in consumer spending, recently reported earnings beat expectations by 15% and boast a ROE of 58%. The company has worked hard to streamline inventory systems, expand e-sales, and even leased out floor space to major brands to adjust. The stock trades at 10x earnings compared to peers at 30x. It pays a good dividend, backed by a payout ratio under 30% of cash flow. We recommend placing a stop loss at $50, looking to achieve $86 - upside over 20%. Yield 4.95% (Analysts’ price target is $86.13)
specialty stores
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TOP PICK
Stockchase Research Editor: Michael O'Reilly This TOP PICK is the world's largest producer of iron and nickel - two critical components in infrastructure, batteries and steel. The company just signed a deal with TSLA to supply nickel for its EV batteries. It trades at only 3x earnings and under 2x book. Recently reported earnings beat analyst expectations and support a ROE of 58%. It pays a great dividend, backed by a payout ratio under 20% of cash flow. We recommend placing a stop loss at $9.50, looking to achieve $17.00 -- upside potential over 35%. Yield 6.3% (Analysts’ price target is $17.21)
other mines
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PAST TOP PICK
(A Top Pick May 05/22, Up 3.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WEYS has triggered its stop at $24.50. To remain disciplined, we recommend covering the position at this time. This results in a net investment gain of over 14%, when combined with the previous recommendation to cover half at the original price objective.
clothing
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PAST TOP PICK
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PAST TOP PICK
(A Top Pick Aug 23/22, Down 17.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PVH has triggered its stop at $55. To remain disciplined, we recommend covering the position at this time. This results in a net investment loss of 11%, when combined with the previous buy recommendation.
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PAST TOP PICK
(A Top Pick Mar 24/22, Down 10.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with VLGEA has triggered its stop at $22. To remain disciplined, we recommend covering the position at this time. This results in a net investment gain loss of 8%, when combined with the previous buy recommendations.
food stores
COMMENT
he and the market isn't so sure that the Fed will cut their interest rate increases. A big theme now is power generation; see California's energy crisis as well as Europe's based on Russia's invasion. Canada though punches above its weight. Hopefully the LNG pipeline will increase natural gas flows when it comes online.
WATCH
Parkland vs. Chartwell He's been looking at both. PKI just finished buying their Caribbean business; their fuel distribution chain continues to grow. PKI and ATD could see PE expansion. CSH is completely different, but this is stable and boasts demand. Same with PKI. CSH's shares have been struggling post-Covid, but this could be a long-term secular opportunity. CSH faces labour and inflation challenges. Both are interesting.
merchandising
lodging
WATCH
Parkland vs. Chartwell He's been looking at both. PKI just finished buying their Caribbean business; their fuel distribution chain continues to grow. PKI and ATD could see PE expansion. CSH is completely different, but this is stable and boasts demand. Same with PKI. CSH's shares have been struggling post-Covid, but this could be a long-term secular opportunity. CSH faces labour and inflation challenges. Both are interesting.
property mngmnt
investment
DON'T BUY
They have a lot more discretionary goods in their mix due to an acquisition, and discretionary spending will weaken as we enter an economic slowdown. Also, consumers have bought a lot of durable goods during Covid. Their e-commerce was terrible before, but is now good. Watch the consumer next year.
specialty stores
HOLD
Their quarterly report was among the best of the banks in late-August. It has a larger US retail business as opposed to the capital business focus of its peers. TD should benefit from higher net interest margins more than those peers, so rising interest rates will benefit TD, though they will be bad for consumer credits--more consumers may default on loans. Also, we need to see the surge in rates filter down to mortgages and business loans--wait and see on TD. He is holding his shares for now and not adding, though banks are cheaper now historically.
banks
WATCH
Before, it was richly valued. The pandemic saw money flow out of office and retail REITs into apartments. Now, that's come off, post-Covid. He sees a tougher time ahead for all real estate, though apartments should be stable and will benefit from a softer economy. Their 3% dividend isn't enough to convince him to buy in this inflationary period. Not sure where the share appreciation will come from. He continues to watch it.
investment companies
funds
HOLD
Is Alberta-centric and expanding beyond. See how they enter renewables, which is an opportunity. Utilities have had a great run, but CPX isn't cheap now. He owns other companies in this sector. But CPX is growing faster than its peers. Wait for a better entry point and their strategy.
electrical utilities
