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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

We reiterate this Canadian major energy producer as a TOP PICK. The company announced it will buy out its partner’s share of the 160 mbd refinery in Ohio, with a capacity to consume 90 mbd of heavy production.  We like it has aggressively been retiring debt and buying back shares, while still growing cash reserves. It trades at under 2x book. Recently reported earnings support a ROE of 25%. We continue to recommend a stop at $23, looking to achieve $33 -- upside potential of 28%. Yield 2.4%

(Analysts’ price target is $32.97)
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Curated by Michael O'Reilly since 2020.
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TOP PICK
Stockchase Research Editor: Michael O’Reilly

We reiterate this Canadian based copper producer TECK.B as a TOP PICK. The global economic recovery and trend towards decarbonization will require massive inventories of copper -- and the world is short this commodity. The company trades at 9x earnings and 1.2x book -- a good re-entry point here.  Recently reported earnings showed a 36% increase in revenue and 31% in earnings.  We like that cash reserves are growing while debt is retired and shares are bought back.  We continue to recommend a stop at $46, looking to achieve $66 - upside potential over 22%. Yield 0.8%

(Analysts’ price target is $65.67)
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

We reiterate NTR, the largest fertilizer producer in the world, as a TOP PICK.  Global agriculture demand growth will aid this company.  Recent reported earnings support a 31% ROE and the company trades at 8x earnings and 1.5x book value. We like that it is growing cash reserves while buying back shares.  We recommend trailing up the stop (from $90) to $95, looking to achieve $129 — upside potential of 18%.  Yield 1.7%

(Analysts’ price target is $128.96)
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 27/22, Down 5.7%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with PNC has triggered its stop at $147.  To remain disciplined we recommend covering the position at this time.  This will result in a net investment loss of 4%, when combined with our previous buy recommendation.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Oct 18/22, Up 12.7%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with DELL has triggered its stop at $39.  To remain disciplined we recommend covering the position at this time.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Dec 15/22, Up 19.8%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with LNR has achieved its target at $77.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $62) to $67.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 09/23, Up 40.4%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with NOA has achieved its target at $24.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $16) to $20. 

COMMENT

Nobody should be shocked with Jerome Powell's hawkish comments now about raising rates sooner, if needed, given economic data. There's some talk that the Fed will hike rates next by 75 basis points, not 50, though he disagrees with this. Powell is saying that he will do what it takes to get the job done--tame inflation. The economy is okay now, but we will get a lot more tightening until the early part of 2024 may see an economic crunch. The TSX will re-test its 19,150 level in light of these new rates. Though, the Bank of Canada says it will pause hikes, while the U.S. will raise faster. The reality may fall in the middle.

DON'T BUY

It comes down to the Rogers deal, which the street thinks will happen, but this is the fourth deadline extension. The deal has been priced into shares, so there isn't much upside. Better to buy Rogers or Telus than Shaw.

COMMENT

Likes it. He just took profits. Natural gas is driving shares, and nat gas prices are down now, so MX shares are up. It's a solid performer, but if a recession happens, say 6 months down the road, this will be a headwind.

BUY ON WEAKNESS

The valuation is now attractive. This is not a bad entry point. A risk is compressed net interest margins. Could be more downside on banks given recession fears.

HOLD

Many seek safety in the bond market, unless you get years like 2022 and 2023 when interest rates rise quickly. Also, a long-dated bond is risky if rates run up like last year. That said, bonds have better return prospects than stocks. If we enter a recession, the more likely there will be rate cuts and the longer the term of the bonds the greater the price impact. Hang on, don't sell, if you already own.

BUY

One to own for a portfolio. The dividend is fairly safe, a cut unlikely. The stock has a constructive chart and he's been adding on dips.

DON'T BUY

He isn't playing in this space now. Car sales have been a lot more resilient than many expected. Ford just said it will increase production in 2023, adding lines. But the US Fed said today there will likely be more rate hikes which will pressure car sales. Be careful. Either trim or watch.

BUY

He's been adding to this since last fall. Energy prices are undervalued. Oil could return to $100/barrel depending on China's reopening. He likes TRP's dividend.