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Today, The Panic-Proof Portfolio (Stockchase Research) and Keith Richards commented about whether WN.TO, MOS, PEY.TO, PLTR, MCD, LSPD.TO, WFG.TO, BDT.TO, ARE.TO, OTEX.TO, ADM, ATRL.TO, BIP.UN.TO, MOD, MAL.TO, CRWD, TOU.TO, NPI.TO, EFR.TO, SJ.TO, TCL.A.TO, ABT, TRI.TO, AVGO, PWF.PR.E.TO, IFC.PR.F.TO, GWO.PR.P.TO, CCS.PR.C.TO, BMO.PR.E.TO, HLPR.TO, SLF.PR.D.TO, CIU.PR.A.TO are stocks to buy or sell.
His indicators signalled high risk yesterday, for the first time in many months. The reason is market breadth is terrible--AI and energy only are making gangbuster returns. This is unhealthy and can't last. His bearometer looks at sentiment (too enthusiastic), seasonality (not good), breadth, valuation (high), momentum and other factors.
During times of market uncertainty holding utilities that pay steady dividends is a conservative strategy. We again reiterate this preferred share from Canadian Utilities as a TOP PICK. Its perpetual dividend pays a robust yield above government bonds and HISAs. We continue to recommend a stop at $19, looking to achieve $25 -- upside potential over 17%. Yield 5%