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Today, The Panic-Proof Portfolio (Stockchase Research) and Hap (Robert) Sneddon FCSI commented about whether ANET, PPL.TO, EEM, ENB.TO, TOU.TO, BRK.B, MFI.TO, NPI.TO, WELL.TO, CHE.UN.TO, COST, SU-EPA, UNH, SHOP.TO, MU, PFE, NVO, BN.TO, ATH.TO, TMHC, IMO.TO, PHI, KINS, AC.TO are stocks to buy or sell.
Market sentiment is crappy, but you want that to invest. People are really fearful. Will tariffs be repealed? Now, we're in a pause before the rally resumes. Corporate earnings aren't too bad. Sentiment is negative. So, a good time to start investing. Technology, energy and small caps look good. Also, biotechs and financials. International markets are perking up, like Europe.
We reiterate AC as a TOP PICK. The airline has announced a direct flight to Rio in Brazil, highlighting how Canadians are looking abroad for travel. We like that it trades at 8x earnings and 2.5x book value. Cash reserves are prudently being used to aggressively retire debt and buy back shares. We continue to recommend a stop at $16.00, looking to achieve $22.50 - upside potential of 18%. Yield 0%
(Analysts’ price target is $24.69)