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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Paul Gardner, CFA and The Panic-Proof Portfolio (Stockchase Research) commented about whether ORCL, V, LOW, LEVI, SWKS, BUD, SU.TO, CMC, NXR.UN.TO, CAR.UN.TO, SVI.TO, TCN.TO, SRU.UN.TO, AP.UN.TO, BNS.TO, RY.TO, TD.TO, BMO.TO, XRB.TO, XSTP.TO, NWH.UN.TO, WIR.UN.TO, BEI.UN.TO, LNF.TO, CM.TO, MFC.TO, ARE.TO, HR.UN.TO, GRT.UN.TO, TLT are stocks to buy or sell.
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DON'T BUY
Coming out of the pandemic, this was a big theme. Inflation roared and is still staying high. Complicated asset class. Due to the long duration, you're getting hit by the long bond selloff. Down 12-13%. Last year and this year, the short-term TIPS would've done well. You're better off owning XRB -- it's liquid, should do well as inflation remains sticky even though it's come off, and he owns it.
BUY
You're better off owning XRB than XSTP. It's liquid. Even though inflation's come off a bit, it remains sticky, and this one should do well.
Paul Gardner, CFAOwned
E.T.F.'s
HOLD
TD has expanded its NIM in the US, so last quarter they benefited the most out of all the banks. Best in class. He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. No tailwinds right now.
Paul Gardner, CFAOwned
banks
HOLD
Best in class. He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. No tailwinds right now.
Paul Gardner, CFAOwned
banks
TOP PICK
Benefits in a recession as people have to downsize. Supply is tight, as it takes 1-2 years to zone a new storage facility. Great job consolidating. 1/3 management stock ownership. Focused in Canada. Cheap. Yield is 0.20%. (Analysts’ price target is $7.75)
Paul Gardner, CFAOwned
Transportation
TOP PICK
Bellwether for apartment REITs. Always so expensive, but now trades at discount to NAV. Biggest concern is energy costs, but these have come down, which will help margins. Rents can be raised about 6-7% on churn. Dynamics are good. Gets funding through CMHC, so loan spreads are not an issue. More apartments needed. Yield is 3.43%. (Analysts’ price target is $57.87)
Paul Gardner, CFAOwned
investment companiesfunds
TOP PICK
Smaller cap, growing. Geographically diversified in Canada. High demand for industrial. Even in a recession, e-commerce creates warehouse and logistics demand that you always want to be part of. The "Amazon effect". Yield is 7.26%. (Analysts’ price target is $13.31)
Paul Gardner, CFAOwned
REAL ESTATE
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate CMC, a $4 billion market cap manufacturer, recycler and fabricator of steel and metal products, as a TOP PICK . It trades at 5x earnings and supports a 30% ROE. It has averaged earnings growth over 150% over the past three quarters. We continue to recommend setting a stop loss at $30, looking to achieve $45 -- upside over 20%. Yield 1.49% (Analysts’ price target is $43.78)
metal fabricators
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this 720,000 boepd producer as a TOP PICK. Consider this as an inflation hedge that pays you to hold it. It currently trades at 7x earnings and 1.5x book value and supports a ROE of 24%. It pays a good dividend, backed by a payout ratio under 30% of earnings. We continue to recommend a stop-loss at $32, looking to achieve $50 -- upside potential over 21%. Yield 4.6% (Analysts’ price target is $49.95)
integrated oils
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this iconic brand as a TOP PICK. Growth in next year's earnings are expected to value the company at 15x earnings compared to peers at 19x. Management continues to exploit its low cost advantage and operational efficiencies. It trades at just 1.2x book value. We like that it has grown cash reserves while aggressively retiring debt. We continue to recommend at stop loss at $46, looking to achieve $65 - upside potential of 32%. Yield 0.81% (Analysts’ price target is $65.28)
breweriesbeverages
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