Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Jordan Zinberg commented about whether SHLE-T, LMN-X, MEQ-T, DCBO-T, PBX-X, SO-T, RY-T, CM-T, DOC-X, NTR-T, AFN-T, HWO-T, WELL-T, CHW-T, CTS-T, GSY-T, TFII-T, PET-T, HPS.A-T, PLC-T, QIPT-X, DCM-T, STC-T, PAY-T, EQT-N, ARX-T, MTG-N, BB-T, UAL-Q, ATD-T, CAR.UN-T, F-N, BEI.UN-T, MU-Q, GSY-T, ACQ-T are stocks to buy or sell.
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We reiterate GSY, a non-prime lending and lease company in Canada, as a TOP PICK. Quarterly cash reserves increased, while debt was retired. It trades at 11x earnings, 2x book and supports a 20% ROE. Its dividend is backed by a payout ratio under 40% of cash flow. We continue to recommend a stop-loss at $90, looking to achieve $162 -- upside potential of 44%. Yield 3.3%
(Analysts’ price target is $162.10)We reiterate MU, one of the world's largest producers of computer memory chips, as a TOP PICK. Although the sector is in a cyclical slow down, the company continues to build cash reserves, buy back stock and retire its debt. It trades at under 2x book. We continue to recommend a stop at $52, looking to achieve $75 -- 17% potential upside. Yield 0.7%
(Analysts’ price target is $74.79)The US dramatically outperformed Canada with the S&P up 16% vs. TSX's 4%. A big spread though in both countries with large caps outperforming midcaps. Tech and energy have reversed trends this year vs. 2022. For future growth, investors should look at small/midcaps, because they are more nimble and it's lot easier for such companies to double in size and get the multiple expansion. He prefers (and specializes in) Canadian over American stocks.
We reiterate ACQ as a TOP PICK. Strong consumer demand and constraints on light vehicle supply have combined to create record industry profitability in the auto dealership sector. Higher interest rates have taken away some of the momentum, but the company recently reported higher cash reserves, while they aggressively retired debt and bought back shares. It trades under book value and 7x earnings. We continue to recommend a stop-loss at $15, looking to achieve $26 -- upside potential of 31%. Yield 0%
(Analysts’ price target is $26.35)