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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).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate UBS as a TOP PICK.  The Swiss based bank is under pressure as analysts believe it may be required to hold larger capital reserves.  Management argues it can withstand a $200 billion loss.  The government will not publish its recommendation until next year.  Meanwhile, cash reserves are strong, as debt is aggressively retired.  It trades at book value and supports a 38% ROE.  We continue to recommend a stop at $24.50, looking to achieve $32.50 -- upside potential of 19%.  Yield 1.2%

(Analysts’ price target is $32.49)
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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).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this e-commerce company, based in Buenos Aires, provider of online retail services in Latin America.  It has 85 million unique customers using its services.  We like that cash reserves are growing, while debt is aggressively retired and shares are bought back.  We continue to recommend a stop at $1300, looking to achieve $1920 — upside potential of 30%.  Yield 0%

(Analysts’ price target is $1921.38)
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).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this operator of 30 electric generation facilities as a TOP PICK.  The company generates 7,700 MW of power, with plans for another 4.700 MW.  It manages its capital projects efficiently, keeping debt to earnings under 4x, utilizing long term debt.  Cash reserves are growing, while debt is retired.  It trades at 11x earnings, 1.7x book value and supports a generous 26% ROE.  Its sizable dividend is backed by a payout ratio under 40% of cash flow.  We continue to recommend a stop at $33, looking to achieve $43 -- upside potential of 19%.  Yield 6.7%

(Analysts’ price target is $43.27)
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 Oct 31/23, Up 29.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MEQ has triggered its stop at $175.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous recommendations, this will result in a net investment gain of 28%.  

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 Nov 09/23, Down 0.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with TS has triggered its stop at $34.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous recommendations, this will result in a net investment loss of 3%.  

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 Feb 06/24, Down 14%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MTL has triggered its stop at $13.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous recommendations, this will result in a net investment loss of 2%.  

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 May 11/23, Down 4.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with SPB has triggered its stop at $9.50.  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 Jul 18/23, Up 28.6%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with AEM has achieved its target at $92.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $60) to $74.  

COMMENT

Is critical of Ottawa's latest tax changes, because it disincentivizes wealth accumulation and entrepreneurship, those who creates jobs. This will encourage flight risk.  Canada is seeing slow economic deterioration as unemployment and credit card defaults slowly increase, but there is no major systemic risk or irrational moves in the stock market. The U.S. is in a much better economic space with a strong consumer. He expects some, but not substantial interest rate cuts. Meanwhile, the Canadian government is spending which is inflationary.

BUY
For a first-time investor

Buy something blue-chip, stable and will grow long term. Don't rush and chase quick gains. Build slowly.

WAIT

Obviously, they've benefited from AI, but now we're seeing a rollover among tech names. Best to wait and see after earnings season. It's too early to chase this after it's come down. Overall, he likes AMD.

WATCH

Higher rates benefit banks because it raises their earnings. Also, consumers in the US are not under pressure (defaults aren't rising). He likes US banks and has bought and sold this. He's waiting to see what US bank earnings look like. This is one of his bank choices.

DON'T BUY

Will Intel turn a corner? Shares have fallen along with the sales of mobile computers. They're trying to become a foundry, but it hasn't offset losses in CPUs. Healthy balance sheet, yes, but the question he always asks is, What's next for them? He doesn't see a catalyst. 

DON'T BUY
How will AI effect software?

We need to see more commercial opportunities open up. All Canadian tech has rolled over, including ENGH. The space needs more acquisitions. If the companies don't grow quickly, they will decline, on relative terms.

BUY
For a TFSA

Pays no dividend, but they buy back shares regularly and is defensive, because their clients are governments. Safe.