Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Christine Poole commented about whether MA, CARR, HON, JNJ, DLTR, BCE.TO, GOOG, NVDA, GIB.A.TO, CAR.UN.TO, PLC.TO, CP.TO, ATZ.TO, TD.TO, NVST, AAPL, BNS.TO, T.TO, ADBE, AQN.TO, TSEM, PIF.TO, PSK.TO, DVN, CVS are stocks to buy or sell.
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate this relatively recession proof diversified supplier in the healthcare and insurance space as a TOP PICK. The company recently announced an $8 billion acquisition that launches it into providing data and tech aid and health systems -- undoubtedly to assist their 1100 walk-in clinic locations. It trades at 16x earnings, compared to peers at 33x and it trades at less than 2x book value. The dividend is supported by a payout ratio under 40% of cash flow. We especially like how cash reserves have grown while debt has been retired. We continue to recommend a stop at $90, looking to achieve $121 -- upside over 19%. Yield 2.16% (Analysts’ price target is $120.57)
specialty stores
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this leading US E&P company. The company just signed a deal with a midstream company that will develop their LNG reach by up to 2 million tons annually -- a nice cash flow generator. It trades at only 8x earnings, well below its peer group and recent earnings support a 48% ROE. The dividend has a fixed and floating component, so the yield may not remain this high, so it is a bit of a call on forward energy prices -- a good inflation hedge. We continue to recommend a stop loss at $54, looking to achieve $79.50 -- upside potential over 23%. Yield 7% (Analysts’ price target is $79.39)
oilgas
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate PSK, a oil and gas royalty, generating strong cash flow, as a TOP PICK. The company avoids the capital investment treadmill of a traditional oil and gas producer, yet it has tripled its acreage exposure over the past eight years and has used its free cash flow to rapidly pay down debt. Even at $50 WTI prices, the company will produce sufficient free cash flow to allow it to expand its portfolio further. We recommend trailing up the stop loss (from $14.50) to $15.75, looking to achieve $22.50 -- upside potential over 19%. Yield 2.54% (Analysts’ price target is $22.21)
Premium contentPAST TOP PICK
(A Top Pick Apr 28/22, Down 2.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PIF has triggered its stop at $18.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 5%, when combined with the previous buy recommendations.
INDUSTRIAL PRODUCTS
Premium contentPAST TOP PICK
(A Top Pick Mar 08/22, Down 4.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TSEM has triggered its stop at $45. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 25%, when combined with the previous buy recommendations.
Technology
BUY
Utilities are defensive and good to hold in a downtown. All these stocks have pulled back with the market because rates are going up. This makes it a good time to buy.
Christine PooleOwned
electrical utilities
BUY
Get out of high-dividend players? No, unless you think interest rates will stay high for a long time. Telcos are attractive and you need income stocks in a portfolio. Telcos will benefit from the strong immigration numbers, because those people will need to buy cell phones. Also, Telus has a track record of raising its dividend.
telephone utilities
PAST TOP PICK
(A Top Pick Sep 14/21, Up 6%) Has outperformed the market and fintech stocks, down double digits. Apple is down 15% from its high. Not chasing it but would add on pullbacks. They just announced a new iPhone last week and demand is strong so far. Pricing is kind of flat in North America, which is good, though pricing will rise elsewhere. App pricing will rise in Europe and Asia. Apple is like a utility in terms of replacement demand. Demand for services is also strong, and Apple has a huge 1.3 billion subscriber base. Very profitable.
Christine PooleOwned
electricalelectronic
PAST TOP PICK
(A Top Pick Sep 14/21, Down 23%) A leading provider of dental products and services. A spin-off from Danaher. A reason NVST is down is that dental expenses are only partially (50%) covered by plans, so people may defer going to the dentist. Also, 15% of their revenues are from Russia and China (impacted by lockdowns). That's a hiccup. Is trading cheaply now, and she likes the long-term prospects. NVST is introducing new popular products like new implants.
Christine PooleOwned
Healthcare
PAST TOP PICK
(A Top Pick Sep 14/21, Up 11%) The valuation is below historic averages. They will acquire First Horizon bank in the U.S. southeast which will expand TD's presence there. As interest rates rise along with loan growth, TD's net interest margin will expand. They also bought Cowen to expand in capital markets. They still have a strong balance sheet. The dividend, the smallest among the big 5 banks, will continue to increase.
Christine PooleOwned
banks
BUY
They're just starting to grow in the U.S. where there's a long runway ahead. Already established here. During Covid, they expanded their e-commerce which will help US expansion. Also, they bought a small company centered on men's clothes, so that's another growth opportunity.
Christine PooleOwned
specialty stores
BUY
recession proof? The KSU purchase is under review. If it is approved, it will benefit CP. Rails are more defensive within transportation (you can't easily build rails). Also, rails have been able to pass price increases through. She owns CN and CP.
Christine PooleOwned
Transportation
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