TOP PICK
Price has fallen nearly 50%. Remains the #1 online retailer. Huge cloud provider. Trading at cheap at 10x EBITDA 2023, 8x 2024. Will retail stores reopening, there was some decline in online sales, but that's temporary. Amazon continues to innovate. Share prices have come down in the past, but always bounced back. Great balance sheet and leadership. (Analysts’ price target is $134.96)
TOP PICK
They have invested a lot in Oil Sands that will pay off. They will return more and more money to shareholders as debt declines. Any increase in oil benefits CNQ. Pays a good dividend. (Analysts’ price target is $91.55)
TOP PICK
It's BAM renamed. trading cheaply. You're almost getting their real etasate assets fof ree. The rise in interest rates and the return to work. (Analysts’ price target is $64.90)
BUY ON WEAKNESS
It has declined. Has always been an expensive retail stock, but their business model is intact. More people will shop here in an economic decline. Add on pullbacks.
BUY
Allan Tong’s Discover Picks Boralex already had a strong presence in western Europe when Russia invaded Ukraine in February 2022. Fears of a cold winter in Europe that has cut off Russia energy helped fuel (pardon the pun) the rally in BLX last summer. Reember that Boralex is the only other green energy player operating in Europe. While the August rally stopped sooner than expected, BLX is making another run now. The street forgave Boralex missing its last quarter in November due to these projections of growth and acquisitions. Read 3 Reopening Stocks for China’s Return for our full analysis.
BUY
Allan Tong’s Discover Picks GOOS has been beaten up, but it’s time for it to rise again as China reopens. Shares popped 3.5% Monday morning on the momentum from China (the TSX market rallied less than 1%). GOOS pays no dividend and its beta is 1.44, so there’s some risk. Shares trade at 33.36x PE and have risen (along with the share price) from 24.4x two months ago. However, a year ago, this valuation surpassed 42x. Read 3 Reopening Stocks for China’s Return for our full analysis.
BUY
Allan Tong’s Discover Picks We live an uncertain world. The Russian invasion of Ukraine 11 months ago sparked a rally in defence stocks that continues to this day. Before the Russian war, NOC shares were toiling beneath $400, but then soared as high as $556.27 last fall. Shares now hover around $500. Its PE has climbed accordingly from 9.8x to 15.67x in that period, though has now settled down to 14.25x. (The median average over five years is 15.69x.) Still reasonable. Read 3 Reopening Stocks for China’s Return for our full analysis.