Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Cramer - Mad Money and Brianne Gardner commented about whether SU.TO, DIS, CTC.TO, QSR.TO, AQN.TO, BNS.TO, VET.TO, BAM, COST, ENB.TO, T.TO, AMZN, CNQ.TO, BMO.TO, ABT, LULU, GRWG, GOOG, SLB, MS, NUE, CMG, TSN, RXDX, ONON, ACN, DRI, ADBE, LEN, LLY, ORCL, COUP, PFE are stocks to buy or sell.
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DON'T BUY
Lululemon vs. Costco LULU was overestimated vs. Costo being underestimated. LULu shares were killed today after earnings. There have been constant price target hikes for LULU. Today, Lulu saw strong growth in the US and China. Men's sales are gaining speed. BUT it trades at 38x earnings. Investors expected a flawless quarter, but wasn't. There was a little more inventory than expected, and U.S. sales were a tad light. Main problem is that LULU shares shot up before the quarter, so the market mercilessly sold today. It plunged 12.85% today and will likely sell off another day. Wait to see if selling abates on Tuesday. Costco is the total opposite. It has fallen 15% from its August high. They just delivered a good quarter and met expectations, and will pay a special dividend. Owns a big position in Costco. They provide the best merchandise at the lowest price, and they don't overexpand.
household goods
BUY
Lululemon vs. Costco LULU was overestimated vs. Costo being underestimated. LULu shares were killed today after earnings. There have been constant price target hikes for LULU. Today, Lulu saw strong growth in the US and China. Men's sales are gaining speed. BUT it trades at 38x earnings. Investors expected a flawless quarter, but wasn't. There was a little more inventory than expected, and U.S. sales were a tad light. Main problem is that LULU shares shot up before the quarter, so the market mercilessly sold today. It plunged 12.85% today and will likely sell off another day. Wait to see if selling abates on Tuesday. Costco is the total opposite. It has fallen 15% from its August high. They just delivered a good quarter and met expectations, and will pay a special dividend. Owns a big position in Costco. They provide the best merchandise at the lowest price, and they don't overexpand.
department stores
COMMENT
Believes strength in market is the start of a new bull cycle.
Volatile recovery as investors digest earnings etc.
3rd market rebound this year occurring right now (initiated by Fed pivot hopes).
Added energy in Q4 in 2021 & recent pullback creating investment opportunities.
Likes prospects for Canadian banks especially TD, BMO & RBC.
TOP PICK
Believes healthcare will hold up well in recessionary periods
Has averaged 16% returns the last 5 years.
Consistent earnings growth and profit margins.
Large business with diverse revenue model.
Has increased dividend the past 50 years.
Brianne GardnerOwned
biotechnologypharmaceutical
TOP PICK
One of favorite stocks (#1 Canadian banking pick).
Recently increased dividend with ~4% yield.
Commercial customers holding up well in recession.
Company in strong position and benefited from pandemic.
Asset based lending lending (esp in automobile) will remain strong.
Least exposure to Canadian mortgages.
Brianne GardnerOwned
banks
TOP PICK
One of the largest energy companies in North America.
Best natural gas stock to own in market.
Believes 25% upside possible with ~4% dividend.
Very healthy profit margins.
Brianne GardnerOwned
oilgas
PAST TOP PICK
(A Top Pick Sep 30/22, Down 21%) Company strength doesn't warrant magnitude of decline.
Rising interest rates hitting tech sector hard.
Fundamentally, Amazon business model is strong.
Recent market selloff creating opportunity for long term investors.
Has been buying shares recently.
Brianne GardnerOwned
specialty stores
PAST TOP PICK
(A Top Pick Sep 30/22, Up 4%) Believes company has strong recurring revenue business model.
Is a defensive stock that will hold up.
Everybody owns a phone these days which increases demand for services.
High subscriber base and strong dividend yield (5%).
Brianne GardnerOwned
telephone utilities
PAST TOP PICK
(A Top Pick Sep 30/22, Up 6%) Still likes the quality of the company.
Purchased shares recently.
Excellent profit margins and recently increased dividend.
Healthy business model with strong management team.
Brianne GardnerOwned
oilgas pipelines
BUY
Believes stock is very good and owns shares in the company.
Shares recently selling of created a good buying opportunity.
Have outperformed the market over the long term.
Very strong business model with excellent prospects.
Brianne GardnerOwned
department stores
BUY
Believes company has excellent prospects.
More than $750 billion under management.
24% compounding rate annually.
Shares have sold off this year which creates buying opportunity.
Own many inflation linked assets.
Valuation is low right now.
Brianne GardnerOwned
managementdiversified
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