Latest Stock Buy or Sell?
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Today, Laura Wallace commented about whether BB-T, TECK.B-T, X-T, IGM-T, TD-T, CM-T, GE-N, SU-T, PCA-T, BCE-T, RCI.B-T, HIG-N, Y-T, MSFT-Q, SPY-N, IBM-N, NTEL-T, BAC-N, MFC-T, SLF-T, ENB-T, ECA-T, PG-N, TEVA-N, TRP-T, TRI-T are stocks to buy or sell.

TOP PICK
Reported great earnings and increased dividends. Reuters’ platform is not directly comparable to Bloomberg's. Much bigger international and commodity exposure. Low risk way of playing recovery in financials. You can purchase this at a 20% discount by buying the ADR on NASDAQ (TRIN-Q) and a good way to get foreign currency exposure.
publishing / printing
TOP PICK
TC Energy
Good portion of its revenues are regulated so there is a high degree of confidence in the continuation of the earnings. 5.1% yield.
oil / gas pipelines
TOP PICK
Israeli-based pharmaceutical company. Recently completed an acquisition of US Barr Pharmaceuticals giving them the largest share (25%) of the generic market in the US. US healthcare focus on generics is going to increase. Leader in producing new generics and is able to negotiate better prices for its products. Earnings in 2010 are expected to increase by more than 30%. Small but growing dividend.
biotechnology / pharmaceutical
PAST TOP PICK
Procter & Gamble
(A Top Pick March 12/08. Down 28.6%.) Non-discretionary but have increasingly moved into more discretionary products such as makeup. Higher margins but have suffered with consumer confidence. Great franchise and the company will do well and would be a Buyer at these prices.
misc consumer products
PAST TOP PICK
Encana Corp
(A Top Pick March 12/08. Down 36.2%.) Disappointing performance. Not surprising given the price of oil. For those underweight, she would be a Buyer. Longer-term, it is a premier company with lots of exploration opportunities and good hedge position on commodities.
oil / gas
PAST TOP PICK
Enbridge
(A Top Pick March 12/08. Down 9.9%.) Good dividends with the ability to increase them. Projecting 10% earnings growth per year through 2012. Combine that with the dividend yield and you’re looking at a 12% to 15% return.
oil / gas pipelines
DON'T BUY
Both Sun Life (SLF-T) and Manufacturers Life (MFC-T) are vulnerable in the short-term to the “mark to market” accounting that we are seeing. This one has $400 million exposure to hybrid securities in the UK. There are also rumours that they are buying Hartford and recent acquisitions in the financial sector always seem to reveal more cockroaches. Would be cautious on both of them.
insurance
HOLD
Manulife Financial
(Market Call Minute.)Both Sun Life (SLF-T) and Manufacturers Life (MFC-T) are vulnerable in the short-term to the “mark to market” accounting that we are seeing. With its SAG Fund operations it has exposure to lower equity markets and did not adequately reserve. Would definitely not be a buyer.
insurance
DON'T BUY
Bank of America
Doesn't think the banks are out of the woods yet. This one is not in as dire a position as CitiGroup (C-N) was in but there are challenges. If she were playing in the US financial space, she would tend to go with a JP Morgan (JPM-N) but it is still too early.
banks
DON'T BUY
Nortel AS
Speculative. Have a number of challenges coming out of bankruptcy.
Telecommunications
BUY
IBM Common Stock
This is the technology stock that she likes the best at the moment. Viewed as a hardware company but 40% of its business is from the software side where the margins are much higher. 2/3rds of earnings are from outside of North America. Great balance sheet.
electrical / electronic
COMMENT
SPDR S&P 500 ETF
S&P 500. The longer your time horizon, the better your opportunities. If you are a believer that the world economies will recover in 3 years, this one will recover. ETF’s give you the advantage of not having to study the individual securities that you have no choice in the weightings.
E.T.F.'s
BUY
Microsoft Corp
Disappointing performer, in part because of the debacle with Yahoo (YHOO-Q). Certainly need something on the search side and expects that they will. Cheap on cash flow/earnings so she thinks it is nearing a bottom. Expects it will return more cash to shareholders.
computer software / processing
DON'T BUY
Yellow Pages Limited
Concerned that people are not using Yellow Pages except for Canada 411, which is not as profitable. Distribution is really high, which suggests it is vulnerable to a cut.if the distribution is safe, putting it into a Tax-Free Savings account would be very advantageous.
communications / media
HOLD
Hartford Financial
Subject to rumours today that Sun Life (SLF-T) is going to take a run at it subject to takeover rumours last week of another purchaser. If you own, Hold to see how it plays out.
insurance