Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Brian Acker, CA commented about whether PHYS-T, TLT-Q, UUP-N, ZUQ-T, ABX-T, ACO.X-T, CCO-T, AMZN-Q, SHOP-T, JNJ-N, INTC-Q, WMT-N, RCI.B-T, BCE-T, T-N, PG-N, NPI-T, MMM-N, LNR-T, CAR.UN-T, MSFT-Q, FI-Q, MFC-T, MEQ-T, VET-T are stocks to buy or sell.
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We again reiterate MEQ as a TOP PICK. Latest earnings reported income up 22%, on a 18% increase in revenues -- meaning margins are growing despite inflationary pressures. We like that cash reserves are growing, while debt is retired and shares bought back. We continue to recommend a stop at $125, looking to achieve $166 -- upside potential of 21%. Yield 0%.
(Analysts’ price target is $166.67)As quarterly cash reserves grow while debt is retired and shares bought back, we reiterate MFC as a TOP PICK. It pays a good dividend that has grown annually by 10% a year over the past decade. It trades at 7x earnings, 1.2x book and supports a robust 25% ROE. We continue to recommend a stop at $24, looking to achieve $29 -- upside potential of 14%. Yield 5.4%
(Analysts’ price target is $29.31)Our PAST TOP PICK with FI has triggered its stop at $115. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 15%, when combined with our previous recommendations.
Our PAST TOP PICK with MSFT has triggered its stop at $315. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 29%, when combined with our previous recommendations.
Our PAST TOP PICK with CAR.UN has triggered its stop at $47. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 11%, when combined with our previous recommendations.
Our PAST TOP PICK with LNR has triggered its stop at $65. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with our previous recommendations.
Last Friday, there was a sell signal in his system, on the S&P. Volatility is rising. He is more cautious heading into October. He's buying GICs for clients, feeling bearish in stock. He's making money on fixed income for the first time in 13 years. He's bullish the USD, because there's a big shortage of USD globally. The US will probably go into deflation as the rest of the world inflates. They'll have to print more money since commodities are priced in USD; those world economies need USD to run and pay debt. The USD has risen over 5% in the past 1.5 months vs. CAD. And the Chinese Yuan continues to weaken. Are many warning signs. Be cautious.
The direction of the CAD
Maybe the CAD is a trade with oil prices high, but he feels the USD will continue to strengthen. He's very bearish CAD--more inflation is coming and much higher interest rates. Nothing backs the CAD (i.e. gold), and we're tied so much to the USD. If the US deflates, Canada will inflate. CAD could easily fall to 68 cents.
He target $22.84, much higher than now, and it pays a yield of 7.5%, but where's the growth? They blew up their balance sheet (huge) by buying everything in sight like Direct TV. They also made execution mistakes. It looks cheap, but there's no catalyst to go higher. The telcos have take it on the chin, since they're tied to interest rates.
He expects interest rates in Canada to keep rising, as high as 15%. BCE is tied closely to interest rates. He targets $35.81, or 32.5% lower than now. Their earnings can't match the dividend they pay out. Basically, you're losing equity (book value) as you collect the 7.24% dividend. Or you can buy a GIC of 5.5%.
We again reiterate VET as a TOP PICK. The company has aggressively reduced debt all the way down to one year's cash flow and its energy portfolio is well diversified. It trades at 6x earnings, under book value and supports a 36% ROE. We recommend trailing up the stop (from $16) to $18, looking to achieve $25 -- upside potential over 25%. Yield 1.8%
(Analysts’ price target is $25.18)