Today, The Panic-Proof Portfolio (Stockchase Research) and Mike Philbrick commented about whether EQL-T, ENCC-T, URNM-Q, XQQ-T, TQSM-T, NNRG-NEO, XEI-T, XCH-T, KWEB-N, VOX-N, LIFE.B-T, HMMJ-T, CPER-N, HBB-T, XBB-T, VIU-T, PAVE-N, XEG-T, LIFE-T, XHC-T, ZUH-T, HBND-T, ACGL-Q, DFY-T, JXN-N, AES-N, ATKR-N, LPG-N are stocks to buy or sell.
Market looks great as breadth broadens. It's hard to fight this strength. Looking at past soft landings: we may be getting another one because of strong job growth and stock market, but credit is tightening and if employment weakens, that will be a concern. We'll see. Also, global strife could spark an issue. You want to be in this market, but beware of a sharp reversal as in 2001 and 2008 (crashes) by balancing stocks and bonds, and consider adding managed futures to your portfolio.
It holds 17-year US treasury bills, so changes in interest rates will have a major impact. It also has an active call strategy for half the ETF, so returns will vary given the options premiums. Is no leverage in this portfolio. Caveats: significant returns once came from owning US dollars, but this ETF has hedged this back to Canadian dollars so those returns are gone. The MER is a reasonable 0.45%. A complex ETF.
LPG owns and operates 25 large vessel tankers that ship propane, butane and other LPGs worldwide. As winter approaches inventories globally are replenished -- usually via tanker -- to major global markets. Economic growth also drives demand thru the petrochemical sector. It trades at 10x earnings, 1.3x book and supports a 30% ROE. We like that cash reserves are growing, while debt is retired and shares bought back. We recommend setting a stop-loss at $23, looking to achieve $45 -- upside potential of 31%. Yield 2.9%
(Analysts’ price target is $44.83)