Today, Chris Blumas commented about whether BIP.UN-T, GOOG-Q, DSG-T, BCE-T, T-T, RCI.B-T, AQN-T, TD-T, CSU-T, PPL-T, CP-T, CNR-T, TSM-N, CLS-T, FTS-T, V-N, MEQ-T, UNH-N, CPRT-Q, CCO-T, CJR.B-T, GWO-T, MFC-T, CNQ-T, ENB-T, BRK.B-N, IFC-T, FFH-T, LB-T are stocks to buy or sell.
Nuclear resurgence has been strong, and CCO plays a key role. Saskatchewan assets are very high grade, the best you can get. If you own it, sit tight. If not, watch and wait. Don't chase. So much hype in the space. Executing well, but there's only so much uranium that can be mined and sold.
Has been on his watchlist for many years. Recently came down to values he's seriously considering. Within about 5% of his buy price. Exceptional company. Tech company that helps insurance companies auction damaged cars. Global. Came down on earnings because growth not as robust. Long-term phenomenal business.
Yes, they have had a boost. Then they'll have to deploy capital to capture the trend.
For Canadian-centric income stocks (utilities, telecoms, banks), our economy is not as strong as the US. More likely that BOC will be lowering interest rates. This would mean that the competition between these income stocks and bond yields gets tighter, tending to drive money into these income stocks. In that case, valuations could still go higher.
Valuation is high. P&C insurance is very defensive, so it draws crowds when people get panicky in the market and the price gets bid up. Wait for a better valuation.