Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Brendan Caldwell and The Monthly Gems by Allan Tong commented about whether SYK-N, QQQ-Q, ATD-T, J-N, BRO-N, ARES-N, ZEB-T, BCE-T, NVEI-T, TD-T, CTC.A-T, ATZ-T, CNQ-T, BLK-N, EMA-T, CSL-N, TSCO-Q, MCK-N, L-T, BNS-T, SHOP-T, T-T, BAC-N, CP-T, ONEX-T are stocks to buy or sell.
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One of Canada's strongest banks and lacks the problems of, say, BNS. During rising rates, banks are supposed to do well, but this is not happening now. That said, TD is doing relatively well, both in US and Canadian operations. TD and RY are the strongest Canadian banks. They sit on a lot of cash, a good thing to have, and they could buy assets.
They mainly do private credit on a floating rate basis, so they benefit when interest rates rise (which he expects), and they do some private equity. Nearing $400 billing in assets. Most revenues come from investment management fees instead of performance fees. As banks shed too-risky assets, they overcorrect, so ARES is in a good position to pick up that credit lending. Also, they benefit after the US regional bank meltdown to fill that void in lending.
(Analysts’ price target is $110.62)
File under steady grower. This collection of over 14,300 convenience stores in 25 countries, from Indonesia to Canada, has seen shares rise around 120% in the past five years, easily outpacing the TSX at 24%. ATD grows by buying smaller chains and mom-and-pop operations in a still-fragmented market. Circle-K, On The Run and 7-jours are merely some of the brands they own. Many stores are part of gas stations. Gas itself pays razor-thin margins, but lures drivers into the shops to buy high-margin snacks and smokes.
In order, this basket holds Apple, Microsoft, Amazon, Nvidia and Meta as its top five holdings. All have outperformed in 2023, especially Nvidia. QQQ pays a dividend of 0.57%, but charges only a 0.2% MER. True to the stocks this basket holds, QQQ is no income name, but an ETF to trade when tech peaks and slides. On that note, consider this when the market declines a few more percentage points.
Stryker has beaten three of its last four quarters, trades at 38.8x earnings, after scaling nearly 46x earlier this year and pays a modest 1.1% dividend. Its chart so far this year shows it trading in a range between $270 and $305, and shares dipped below $270 at the end of September. A trader or long-term investor could step in now.
Relatively strong job growth will make it hard for US Federal Reserve to tame inflation. Until pain on Main St. is felt - inflation will continue. Recent Jerome Powell comments this week have revealed nothing new. Believes bi-partisan nature of US Government will result in slow decisions on economy.
Historically this has gone from strength to strength. People will always buy skates, fix their cars or paint their homes. But discretionary spending always flags in a recession or downturn.