Today, Brianne Gardner commented about whether LULU-Q, UNH-N, V-N, TECK.B-T, CGX-T, CPX-T, NKE-N, NFI-T, AVGO-Q, QCOM-Q, SU-T, DE-N, MRK-N, TOU-T, CNQ-T, ULTA-Q, GIB.A-T, BCE-T, CP-T, BAC-N, RY-T, BMO-T, GSY-T, ABBV-N are stocks to buy or sell.
Opportunity in Canadian banks, and this is her favoured pick. More revenue coming for all banks in Q4 and 2025 with mortgage renewals. Ranks 8/10 fundamentally, 8/10 on value. Leader among Canadian banks. When it gets too big a position, she takes some profits off the table, and then lets the rest ride.
Growth significantly driven by increased industrial activity, near-shoring is increasing demand. Benefited from higher US shipments, offsetting lower Canadian grain and coal volumes. This just reflects the stronger US economy. Strong growth in coming years. 27x is a bit expensive, but growth is higher too. Potential 11% upside from here.
(Analysts’ price target is $128.60)Sector's low beta makes it immune to economic shocks. YOY revenue growth of 9%. New products in pipeline, promising collaborations, JV with Moderna. FDA-approved hypertension drug has great growth prospects. Forward PE of 15.4x, still attractive. Generous dividend yield of over 2%. Another 12% upside from here.
(Analysts’ price target is $140.00)
Chart's pulled back, but still participating in the rally. Great choice in the financial services sector, doing well compared even to some Canadian banks. 18% upside to street's price target. Nice upward trend, sees it continuing. Until it breaks down, she likes it.
(Analysts’ price target is $224.00)