Today, The Panic-Proof Portfolio (Stockchase Research) and John Hood commented about whether CBIL-T, XLI-N, TPU-T, NAIL-N, URA-N, ZQQ-T, VGRO-T, VBAL-T, ZWB-T, VV-N, ZEB-T, HYDB-O, XEH-T, ZEQ-T, HUN-T, HNU-T, ZWU-T, XLI-N, XLF-N, ZBK-T, ZUB-T, HYLD-T, BTI-N, LEN-N, SLM-Q, GPOR-N, VEON-Q are stocks to buy or sell.
The new capital gains tax starts today. It is egregious and will hurt small businesses and individuals, far more than the 40,000 that Ottawa claims. The TSX lags. Growth in industries is hampered by so much regulations to business. Ordinary folks struggle financially; there's a lot of disquiet in Canada. The new tax will discourage investment in a country which needs more competition.
We reiterate VEON, the largest foreign investor in the Ukraine in 2023, as a TOP PICK. The company has committed $1 billion to rebuild the countries digital infrastructure over the next five years. It trades at 6x earnings and under 2x book value. Cash reserves are growing, while debt is retired. We recommend trailing up the stop (from $20) to $22, looking to achieve $38 -- upside potential of 45%. Yield 0%
(Analysts’ price target is $38.00)