Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Keith Richards commented about whether ZCH-T, HBM-T, CASH, H-T, NXE-T, TD-T, CSCO-Q, CPG-T, OSK-N, SHOP-T, TSLA-Q, WPM-T, NTR-T, XGD-T, AMD-Q, QIPT-X, AAPL-Q, MG-T, RCI.B-T, SU-T, CSU-T, AC-T, SSL-N, SPB-T, MEG-T, TS-N, NPI-T, ALC-T are stocks to buy or sell.
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Despite a revenue decline in recently reported earnings, due to a drop in offshore wind production, we see this as short term and reiterate this renewable energy developer as a TOP PICK. It trades at 1.5x book and supports a 12% ROE. The dividend is a good yield, supported by a payout ratio under 70% of cash flow. We like they have increased cash reserves, while aggressively retiring debt. We continue to recommend a stop at $21, looking to achieve $36 -- upside potential over 40%. Yield 4.7%
(Analysts’ price target is $36.20)With recently reported earnings improving sharply, we reiterate this steel and pipe supplier to the oil and gas sector as a TOP PICK. Net income and EPS was nearly double that of the first half of 2022. Free cash flow reached a record $1.2 billion. It trades at 7x earnings, 1.2x book and supports a 25% ROE. We recommend trailing up the stop (from $26) to $28, looking to achieve $42 -- upside potential over 25%. Yield 1.0%
(Analysts’ price target is $42.53)Governments have been pumping money into the system, but the problem is we have the same amount of goods and services. Also, people are holding onto jobs, immigration is rising and unions are demanding more money because of inflation. All this creates a cycle of inflation--stagflation. So, he is favouring materials, metals and oil. Inflation is here to stay, not 8%, but 3-4% for a while. Commodities are due their turn, so he's getting back into them.
We reiterate this marine bulk transport business as a TOP PICK. Recently reported revenues were up 10% over the year. Management expects a return to full fleet utilization for the balance of the year. It trades at 7x earnings and under book value, while supporting a 15% ROE. It pays a good dividend, backed by a payout ratio under 30% of cash flow. We recommend trailing up the stop (from $13.50) to $14.50, looking to achieve $22.00 -- upside potential over 40%. Yield 4.5%
(Analysts’ price target is $22.50)