Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Darren Sissons commented about whether ENB-T, KNEBV-HEL, ATCO.A-ST, SAP-T, MS-N, BAC-N, NTR-T, GSP-X, OTEX-T, SVNLY-OTC, SHOP-T, TBVPF-OTC, LIN-N, ACN-N, STO-ASX, INTC-Q, AVGO-Q, ADI-Q, TXN-Q, AQN-T, AMKBY-OTC, ZIM-N, HAS-Q, MRNA-Q, SWKS-Q, ACO.X-T, CAR.UN-T, HIG-N are stocks to buy or sell.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly This $20 billion market cap provider of multi-line insurance including group disability and casualty insurance is a TOP PICK. The company is partnering with Yale Medical to develop training in addiction and pain management to help provide reduce opioid use disorders. It trades at 11x earnings and 1.2x book value. We like how it has managed its cash reserves while buying back stock aggressively and retiring debt. Its dividend has grown by over 8% annually over the past five years and is backed by a payout ratio under 30% of cash flow. We recommend placing a stop loss at $52.50, looking to achieve $82.50 -- upside potential over 30%. Yield 2.49% (Analysts’ price target is $82.35)
insurance
TOP PICK
Stockchase Research Editor: Michael O'Reilly Rising interest rates have impacted the support for this REIT lately; however, given the demand for rental property the value looks good here making Canada's largest residential REIT a TOP PICK. Trading at 11x earnings and under book value, the yield looks supportable with a payout ratio under 40% of cash flow. We recommend placing a stop loss at $36, looking to achieve $61 -- upside over 48%. Yield 3.57% (Analysts’ price target is $60.95)
investment companies
funds
TOP PICK
Stockchase Research Editor: Michael O'Reilly This TOP PICK is a top performing Canadian infrastructure utility. It has entered into an agreement with CP to provide construction services for two hydrogen production and refueling facilities in Alberta. It trades at 1.1x book and at 13x earnings. It has a good dividend, which has grown by 7% annually over the past five years. We recommend placing a stop loss at $38, looking to achieve $51 -- upside over 18%. Yield 4.26% (Analysts’ price target is $50.56)
mngmnt
diversified
COMMENT
News from Europe keeps getting worse. Fair observation. If one major trading block falls into the economic abyss, very likely the rest of the world will follow. Lots of smugness in NA with what's happening in Europe. High USD and CAD is highly correlated with headwinds for foreign unions as well as high unemployment and recession. We all live in glass houses, so a bit of sanity is needed to see the full picture.
COMMENT
Britain and tax cuts. We may not be too far away from a crisis of confidence in the new British PM. People ultimately vote with their wallets. A lot of carnage. Devastation in currency, spike in unemployment. Things aren't going to get better anytime soon. If we saw a bottom, could put capital to work, but not anytime soon.
DON'T BUY
Pretty horrific chart. 2020-21 was solid, as freight rates were high. Since Covid, logistics backlog unwinding. Stock got overheated. Too small for him. He plays the space through Maersk, which he sold on valuation. Wait till these stocks come down. Don't touch here. Even shipping that supports oil and oil storage might be just a trade.
Transportation
COMMENT
Global shipping. 2020-21 was solid, as freight rates were high. Since Covid, logistics backlog unwinding. New supply coming on will depress prices. Decoupling of US shipping operations from other parts of the world, which will be a negative. He plays the space through Maersk, which he sold on valuation. Wait till these stocks come down. Don't touch here, the macro is not great. Even shipping that supports oil and oil storage might be just a trade.
BUY
Big question for all utilities is what does the debt look like in the face of rising interest rates? ESG mandate toward renewables will continue to be an opportunity. Higher rates will recalculate returns and drive them higher. Outlook is good. Buy at these levels, and if it goes lower, buy more.
electrical utilities
