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Today, The Panic-Proof Portfolio (Stockchase Research) and Ernest Wong, Head of Research, Baskin Wealth Management commented about whether LYV, DPZ, NFLX, TRI.TO, GOOG, L.TO, AMZN, NOW, BCE.TO, TEAM, X.TO, T.TO, NVDA, PPL.TO, CSU.TO, CCL.B.TO, QSR.TO, WFC, BN.TO, LMN.V, FSV.TO, GRT.UN.TO, BRK.B, FFH.TO, SLF.TO, AQN.TO, MG.TO, IRS, RCI.B.TO, CMCSA, CGRE.TO, MSFT, KINS, AC.TO are stocks to buy or sell.
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Following recently reported record earnings, we reiterate KINS, a regional property and casualty insurance provider in the US Northeast, as a TOP PICK. Low catastrophic liabilities and a 15% increase in premiums collected allowed for growing cash reserves, while debt was reduced. It trades at 8x earnings, 2.1x book and supports a robust 33% ROE. We continue to recommend a stop at $14, looking to achieve $21 -- upside potential of 27%. Yield 0%
(Analysts’ price target is $21.50)Premium content
With much anticipated earnings being released this week, we reiterate NVDA as a TOP PICK. Previously released earnings indicated 89% of revenue is derived from data centre applications -- which shows no signs of abating. The rollout of the Rubin chip later this year, will continue growth. We can look beyond the high valuation (49x earnings), when we see 99% ROE along with cash reserve growth. We recommend trailing up the stop (from $150) to $165, looking to achieve $255 -- upside potential of 31%. Yield 0%
(Analysts’ price target is $255.55)Premium content
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The market is like the early 2000s with commodity prices soaring, goal and oil near all-time highs, but the flipside (Shopify, Constellation) are impacted by AI. Over a third of the TSX is made up of commodities, just like the post-tech bubble era. The TSX is detached from the economy that's driven by the consumer. Commodity prices will continue to drive the market. Neither good nor bad, but reality. The CUSMA renegotiation this summer will be successful. No doubt, Canada needs the US as a trading partner, but the US needs from Canada steel and lumber. Trump really wants to make jobs in the US, so the car industry is a target.
In 2021, they invested heavily in EV, but the demand didn't materialize. Since then, they've suffered that overhang, plus the impact of tariffs. But they fixed these problems with Chinese OEMs and have gained market share in smart door handles and driverless systems. Are gaining market share. Doing a great job.
They spent a lot to enter the renewables space and overlevered the balance sheet. That was a disaster. They've been cleaning that up to be a pure-play utility, which is a predictable business that investors like. They have completely new leadership and have reset. This offers safe, predictable income.
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Arbitrators settled the flight attendant wage dispute -- mostly in favour of the company. Now they can get back to business. Issues in Mexico will undoubtably impact short term operations, but share price pullback makes this a good entry. We like that cash reserves are growing while debt is aggressively retired and shares bought back. Its trading at 11x earnings, 2.3x book and supports a ROE of 25%. We recommend maintaining a stop at $18, looking to achieve $26 -- upside potential of 26%. Yield 0%
(Analysts’ price target is $26.31)