Latest Stock Buy or Sell? Make More Informed Decisions!
Today, The Panic-Proof Portfolio (Stockchase Research) and Andrew Pink commented about whether GRT.UN-T, CSH.UN-T, CVE-T, EMA-T, GWO-T, ENB-T, BIP.UN-T, WSP-T, WCN-T, SVI-T, XFR-T, DOL-T, ENB-T, CPX-T, FTS-T, EFN-T, OLY-T, VZ-N, BFH-N, NXT-Q, PHM-N, ET-N, HAL-N, CNHI-N, MRC-T are stocks to buy or sell.
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We again reiterate CNHI as a TOP PICK. The company's strategic acquisitions is advancing automation into autonomous agriculture technology, while expanding its market in Europe. We like that quarterly cash reserves are growing, while debt is aggressively retired and shares bought back. It trades at 8x earnings, under 2x book and supports a robust 31% ROE. Its dividend is backed by a payout ratio under 25% of cash flow. We recommend trailing up the stop (from $10.50) to $11.50 at this time, looking to achieve $15.50 -- upside potential of 21%.
(Analysts’ price target is $15.63)We again reiterate this global oilfield service providers as a TOP PICK. Continued positive outlooks for oil prices will stimulate demand for their services, causing analysts to expect over 30% growth in cash flow. Quarterly cash reserves are growing again while debt is retired and shares bought back. It trades at 13x earnings and supports a 30% ROE. We recommend trailing up the stop (from $33) to $35 at this time, looking to achieve $47 -- upside potential over 20%. Yield 1.6%
(Analysts’ price target is $47.49)Our PAST TOP PICK with ET has triggered its stop at $15. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 22% when combined with the previous buy recommendations.
Our PAST TOP PICK with PHM has triggered its stop at $109. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 36% when combined with the previous buy recommendations.
Markets have done well in Canada and the US. The Canadian 10-year bond yield vs. TSX over the past year: when the Bank of Canada pivoted last October into a QE-easing stance, bond yields immediately began declining, but lifted to start the year when it looked like we'd have to push rates out further. Interesting that the stock market continued to rally. There's more of focus on the economy staying strong and less on when rates will be cut. He expects a cut in June and maybe end of July, and Canada to cut before the US given our huge exposure to housing (our mortgages roll over after 5 years).
Unfortunately, these stocks aren't working yet; they're later-stage stocks in terms of AI and EVs, which will demand a lot more power that clean energy can supply. It's a little early for names like FTS, but they will benefit. Interest rates remain high which hurts these stocks. So, be patient and collect the 4.5% dividend which they have grown the past 5 years.
It's a 315-basis point reset preferred, meaning a 315 point spread over whatever the Bank of Canada 5-year yield is then. Is a long-duration reset, resetting every 5 years. Pays a nice yield and like this company, but is a utility, a sector currently out of favour until interest rates decline. Good for the dividend, but a shorter reset period would be better.
Likes it a lot can be volatile due to interest rates. ENB and TRP are the pipeline names in Canada. ENB has a major one that flows in the US. Pipelines will never go away, Pays nearly an 8% dividend that is safe and that they annually increase. Are well-capitalized.
We again reiterate MRC as a TOP PICK. The company feels inflation pressures are easing, which should help stimulate job growth and support rental demand in 2024. We like that cash reserves are growing while debt is aggressively retired and shares bought back. It trades under book value and at 16x earnings. We continue to recommend a stop at $103, looking to achieve $135 -- upside potential of 23%. Yield 0.5%
(Analysts’ price target is $135.00)