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Premium content- Walt Disney Co. (DIS-N)
- Robinhood (HOOD-Q)
- NovaGold Resources Inc (NG-T)
- Tesla Inc (TSLA-Q)
- Microsoft (MSFT-Q)
- Nvidia Corp (NVDA-Q)
- Intel (INTC-Q)
- Medical Properties Trust (MPW-N)
- 3M Co. (MMM-N)
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Premium contentThe Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Parks, Experiences and Products; Media & Entertainment Distribution; and three content groups—Studios, General Entertainment and Sports–focused on developing and producing content for DTC, theatrical and linear platforms. Disney is a Dow 30 company and had annual revenues of $65.4 billion in its Fiscal Year 2020. Social media mentions are up 21% in the past 24h.
Premium contentRobinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app introduced in March 2015. Social media mentions are up 256% in the past 24h.
Premium contentNOVAGOLD is a well-financed precious metals company focused on the development of its 50%-owned Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 39 million ounces of gold in the measured and indicated mineral resource categories, inclusive of proven and probable mineral reserves (541 million tonnes at an average grade of approximately 2.24 grams per tonne in the measured and indicated resource categories on a 100% basis), 9 Donlin Gold is regarded to be one of the largest, highest-grade, and most prospective known open pit gold deposits in the world. Social media mentions are up 1100% in the past 24h.
Premium contentWe again reiterate NOA as a TOP PICK. Management reports the company is experiencing "less skilled trade vacancies and improved equipment utilization" as it emerges from the effects of the pandemic. It trades under 2x book value and supports a 20% ROE. The dividend is backed by a payout ratio under 20% of cash flow. We like that cash reserves have been growing, while debt is aggressively retired and shares are bought back. We recommend trailing up the stop (from $14) to $16, looking to achieve $24 -- upside potential of 16%. Yield %
(Analysts’ price target is $23.79)Premium contentWe again reiterate this manufacturer of upgraded memory chips for everything from cloud storage to AI, as a TOP PICK. Recently reported earnings support a 15% ROE and the company trades at 2.6x book value. We like that the company is aggressively retiring debt and buying back shares, while still managing to grow cash reserves. We recommend trailing up the stop-loss (from $12) to $14, looking to achieve $24.50 -- upside potential over 34%. Yield 0%
(Analysts’ price target is $24.50)Premium contentWe again reiterate this Canadian based steel producer as a TOP PICK. Trading at under book value and supporting a 66% ROE it remains good value. The company is growing cash reserves while it aggressively retires debt. Its dividend is backed by a payout ratio under 10% of cash flow. We recommend trailing up the stop-loss (from $7.50) to $8.50, looking to achieve $13.25 -- upside potential over 21%. Yield 2.4%.
(Analysts’ price target is $13.21)Premium contentPremium contentPremium contentWe just had such a bad year last year. Bonds going down and stocks going down was a once-in-a-century event. Statistically, it's highly unlikely that will happen again. We're having a bounce off of that. He's in the camp that's saying this is a relief rally. He wants to see earnings move through the economy. Last year, we had a really expensive market with low interest rates, and that stuffing has come out of valuations. Next move is all of this cost pressure and the economy slowing has to go through earnings, and that's going to take 12 months to see. Will take a couple of years to play through profit margins across North America. Almost like a slow motion correction. He's still invested, but very particular about what he owns. He's being cautious, patient.
There have been no big credit events yet. Corporations don't have to pay the higher interest payments right away. They have to wait for a bond to mature and see what rate it's going to roll over to, and that takes time. Interest rates have gotten into the mid-zone of 4-5%, and we have to see how that affects profit margins in all these different industries. Each market has its own dynamics. What's different this time is the incredibly low unemployment rate. We're just coming off Covid, our largest economic and social experiment in human history, as the last time this happened we had 1B people, but now we have 8B.
Pool of money that trades on the TSX and is lent out short-term to the real estate industry. They charge a premium on that. Like owning just the mortgage department of a bank. Payout of over 8% is fully taxable income, not a dividend. Avoid the tax by putting it in your RRSP. Risk/reward is good. One loan didn't go well, with the result that the company is left with a building to sell. Because of this, combined with market nerves about small things, trades at a discount to NAV of $8.40. He'll trade around the NAV. Stock doesn't grow, it just distributes income.
Do I wait for a low probability of that? It doesn't mean it doesn't happen, and it would be nice not to own things on that day. He's trying to structure the portfolio right now to solve that problem. Maybe we do have a real recession and they can't lower interest rates for all sorts of reasons and the stock market suffers again. If we have this slow motion correction over 2-3 years, can you own the stocks in your portfolio? You need to focus on how much income is a company producing? With a stable, income-producing business, you can capture that income and compound it through this market. Whereas with a biotech company, if the stock goes down, you just have less money. This year, he's building defensiveness into his strategy.
