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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

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)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly

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)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
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TOP PICK
Stockchase Research Editor: Michael O'Reilly

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)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jan 02/24, Up 8%)Stockchase Research Editor: Michael O'Reilly

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.  

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Nov 23/23, Up 34.7%)Stockchase Research Editor: Michael O'Reilly

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.  

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Apr 02/24, Down 15.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with NXT has triggered its stop at $44.  To remain disciplined, we recommend covering the position at this time.

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Nov 30/23, Up 20.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with BFH has triggered its stop at $34.  To remain disciplined, we recommend covering the position at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Apr 25/23, Up 7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with VZ is progressing well.  To remain disciplined, we recommend trailing up the stop (from $36) to $39 at this time.  

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Mar 21/24, Up 6.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with OLY is progressing well.  To remain disciplined, we recommend trailing up the stop (from $83) to $98 at this time. 

COMMENT

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).

BUY

They have 1.5 million cars on the road, 5,500 clients and 700 different industries. Are market leaders in North America, Australia and New Zealand. Good organic growth and a lean capital structure, driven by recurring earnings. It's done well and he's happy with it.

PARTIAL BUY

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.

WEAK BUY
Preferred shares that reset in 2028, for income

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.

BUY
As a 5-10-year hold

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.

COMMENT
How many bonds should I hold?

It used to be 60/40 stocks/bond split in a portfolio, but bonds aren't as stable as they used to be, given more volatility. The ratio depends on your age and risk tolerance. Younger people own only stocks. He owns some bonds, but you don't always need to hold bond.