Today, The Panic-Proof Portfolio (Stockchase Research) and Gordon Reid commented about whether MSFT-Q, GFF-N, C-N, CVS-N, FSLR-Q, TOL-N, INTC-Q, VZ-N, ADBE-Q, MRK-N, WMT-N, LLY-N, AMGN-Q, ABBV-N, V-N, J-N, GOOG-Q, PLTR-Q, HD-N, LOW-N, UBER-N, CRWD-Q, NFLX-Q, MMM-N, BAC-N, BLK-N, IVZ-N, NWN-N, GDEN-Q, MRD-T, UNP-N, RNR-N, MRC-T, VEON-Q, ROIV-Q are stocks to buy or sell.
What's key to a soft landing is that the US economy is holding market up and the job market fairly constructive. In Canada, the inflation number was also good. The risk to the market is that we don't get a soft landing. The market has priced in a soft landing already, possible but unlikely. AI will probably take us to places we can't imagine, just like old mainframe computers did and some lacked the imagination to see their potential.
Wait. Don't enter this now. Wants to see more clarity. Shares are climbing after a long malaise and they have a new CEO. But hey have legacy problems with a chemical and a huge lawsuit, and the noise suppression technology lawsuit. These types of companies do turn around, but he'd rather pay more for more certainty.
After announcing positive reports in two important autoimmune drugs, we again reiterate ROIV as a TOP PICK. It trades at 2x earnings, under 2x book and supports a robust return on equity. We like that cash reserves are growing, while debt is retired. We recommend trailing up the stop (from $9:50) to $10.50, looking to achieve $16.00 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $17.06)