Today, The Panic-Proof Portfolio (Stockchase Research) and Jamie Murray commented about whether PPRUY-OTC, AMZN-Q, SBUX-Q, GEI-T, NPI-T, LLY-N, GOOG-Q, CLS-T, MS-N, MFC-T, AZN-N, TGOPY-OTC, BP-N, QTRH-T, UNH-N, NFLX-Q, ONEX-T, PRL-T, EMA-T, PMZ.UN-T, GLXY-T, VAL-N, IMXI-Q, UAL-Q, GDEN-Q, FLR-N, SYF-N, NCSM-Q are stocks to buy or sell.
BMO and BNS reported today, and the market rewarded BMO for its US outperformance. BNS has less of that presence, so the market is favouring a US presence, given the Trump tariff threats. There's tons of uncertainty in the market, and nobody has a good understanding of what is actually happening. Will tariffs be implemented on what goods and sectors? Stay diversified, and consider sectors in a weaker market and when interest rates decline, which he still expects. The US 10-year rate has fallen a lot in recent weeks, and there are more homes for sale in the US sunbelt now. He expects homebuilding levels to come down in the spring, and the Fed to ease rates. He expects US deregulation to come later, in 2026, as Trump decides where to cut back in Washington, which will have a negative impact short term. The market will be choppy till then. It's hard to invest when you don't know what the policy is going to be, the main issue with the Trump issue.
Yes. It was a top pick of his last spring. He doesn't think there will be much negative impact from Washington investigating their billing practices, though there remains headline risk. Fundamentals are improving, though they are paying out more for medical costs, which he hopes will normalize. It's trading below the market PE, when usually it trades above.
As a leader in frac systems for the oil and gas sector in Canada and the US, NCSM is a TOP PICK. Energy security has taken on a higher priority with the new US Administration and the company is well positioned. It trades at 10x earnings, under book value, and supports a robust 58% ROE. We recommend setting a stop-loss at $22, looking to achieve $39 — upside potential of 38%. Yield 0%
(Analysts’ price target is $39.00)