Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Cramer - Mad Money and Brian Madden commented about whether PSA-N, RY-T, ATD-T, PXT-T, BCE-T, FCX-N, GWO-T, NVEI-T, T-T, FTNT-Q, BN-T, FNV-T, TSCO-Q, NKE-N, AQN-T, NEE-N, BNS-T, PEP-Q, KO-N, BIP.UN-T, TRP-T, ZM-Q, UPST-Q, ARKK-N, CASH are stocks to buy or sell.
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It topped $588 during Covid in October 2020, but competition came charging from Cisco, Microsoft, Google and others. Shares fell to about $75 in two years. There were points on the way down when some investors bought in, assuming shares were a bargain. But every time they bought they got burned. The stock was broken, in free fall.
An economic slowdown will continue, so fade the cyclicals. Avoid companies with weak credit ratings and balance sheets, because rates have shot up. Earnings last month were great, not as weak as expected, though down YOY in the US and Canada, though market sentiment shifted this month. September is known for seasonal weakness and past crashes.
It's been challenging to own this long term, but things are improving--they divested their stake in their Columbia gas pipeline, freeing $5 billion, and will spin off the liquids business, which will be a long, complicated process. But this will unlock flexibility and remove some ESG taint to TRP. Shares are cheap and pay a 7.6% dividend (a record high and higher than peers like Enbridge). Trades at a discount to peers. Shares are down. All these factors set it up well.
One of the Brookfield affiliates; it invest in data centres, ports, etc. internationally. The world needs more infrastructure, and Washington passed an infrastructure bill last year, so there is money looking to be invested. BIP is a good combination of income (growing dividend) and growth. BIP has a funding advantage via its parent company, though theoretically there shouldn't be a wide difference in share price between the parent and their affiliates. But if shares are close, you can buy this for a taxable account; for non-taxable account, buy the cheaper one.
Their Latin American business has never delivered good returns, though net interest margins are juicy down there, but not enough to compensate for the risk. A new CEO (not a bank insider, which is unusual) is integrating some wealth management acquisitions, never easy to do. There's a lot on their plate. BNS has lagged the big 6 for 5 years.
NEE is the biggest American utility, much bigger than AQN. NEE has a huge business in electricity (Florida) which is much more stable than AQN's green energy. NEE does have a renewables business though in the US and Canada, and this holds promise. The grid will continue to get greener over time. A consistent earner and has been meeting or beating quarters much more consistently than AQN.
NEE is the biggest American utility, much bigger than AQN. NEE has a huge business in electricity (Florida) which is much more stable than AQN's green energy. NEE does have a renewables business though in the US and Canada, and this holds promise. The grid will continue to get greener over time. A consistent earner and has been meeting or beating quarters much more consistently than AQN.
(A Top Pick Nov 09/22, Up 10%)
They target hobby farmers who need lawnmowers, snow blowers, livestock feed, etc. Their customers have higher than usual disposable incomes and live outside cities, so their living expenses are lower. Also, they live in remote areas away from Costcos and other shops. TSCO has 2,000 stores in the US and keep opening a hundred or so annually. They keep growing same-store sales, though the rate has been declining lately. Offers good historic growth. Continues to like this.
The go-to gold name for retail investors. Let's you sleep well at night. They're insulated from capital costs and overruns from gold and silver production. Also, they benefit from upside in commodity price through optionality. A perennial outperforming in mining.
They spun off the asset manager, and this is the core company. The tickers are confusing. This is the mothership to its affiliate companies and stocks. This is a great compounder over 3 decades and continues to be so. He continues to buy this.
Has done well with this for the past few years. The big competitor to Palo Alto. It benefitted from the pandemic during remote work. Also, there's a secular market in cybersecurity. He sold it a few weeks ago after they reported Q2. Things changed abruptly; corporates are prioritizing away from cybersecurity and spending instead on AI. This spending is probably deferred, not cancelled.
A Covid stock, part of the buy-now, pay-later group that had its day. In late 2021, it peaked around $400, plunged to the low teens two years later, then rebounded somewhat, but is still way past its highs. These stocks got killed as soon as the Fed announced it would raise interest rates, leaving behind the days of very low rates.