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Today, Ross Healy commented about whether GDXJ-N, PSX-N, BNS-T, CHE.UN-T, NPI-T, IAG-T, CNQ-T, BYND-Q, CASH, ABX-T, CM-T, NFI-T, MSFT-Q, BCE-T, CSH.UN-T, IBM-N are stocks to buy or sell.

N/A
Market. Fang Stocks. At least a couple of them are overvalued. He thinks history will repeat itself from the Nifty-Fifty days. He presumes they will take a hit. He is concerned about the level they have reached. AAPL-Q is only about 40-50% overvalued, but AMZN-Q is unbelievable. The question is what are their earnings.
Unknown
BUY
IBM Common Stock
You need to grow your earnings if you want to do well in the market and should grow your profitability steadily. IBM-N has failed at these. As a result the shares have fallen lower and lower. They gave us a technical buy signal and he thinks this stock could bounce to $164 and is good for a trade. The ROE is continuing to fall, however, so it is only good for a trade.
electrical / electronic
COMMENT
When you look at it initially, you wonder how you could lose. They are in a great business – retirement homes. They pay a nice yield. First of all the company has been paying out more than it earns so the balance sheet is steadily falling in attractiveness. The price to book has remained high and so the company took advantage of that by raising equity. The average price to book goes up. The company is raising money in the markets and then paying it out to shareholders. He thinks the company should come to market now.
property mngmnt / investment
WATCH
BCE Inc.
He is not that interested in 5G but is interested in the fact that they have all been hit by the CRTC to make Canadian wireless more competitive. It came down and then rallied up. He thinks the stock is tired and could use a rest period.
telephone utilities
BUY
Microsoft Corp
He would continue to hold it with a target within his company of $198. The market has kept o chugging and it broke out from his point of view. The fair market value is 46% less but it is quite possibly that momentum will carry it to the $200 mark.
computer software / processing
BUY
It came down a long way from 4 times book and is now at a strong technical support levels at 1.5 times book since Oct 2019 and now might be lifting off, giving it a target of $36.
Automotive
PAST TOP PICK
(A Top Pick Feb 11/19, Up 4%) It is fairly representative of what happened to bank stocks in the last year. It went sideways but lost attitude. It remains good value. He wishes the cheap stocks would get going.
banks
PAST TOP PICK
Barrick Gold
(A Top Pick Feb 11/19, Up 37%) Gold has leaps to go and government balance sheets are not getting any better for sure. The US president is getting more desperate to get re-elected and to would want to inject more value into the currency. Inflation is low. But cost of living in many US cities, based on a basket of goods in each city, are going ahead 8 to 10% per year.
precious metals
PAST TOP PICK
CASH
(A Top Pick Feb 11/19, Up 0%) The market looked frothy enough last year but it turned around.
0
DON'T BUY
Beyond Meat Inc.

There is a lot of competition to this company. MFI-T for example, is much cheaper than BYND-Q which has not yet proved it can make money. They are expensive and risky.

0
BUY
A run from Dec did very well and then abruptly turned back down. Maybe we get a rebound with the price of oil being higher. There is the 4% yield. It has recovered and his upside target of $45 remains. If oil does really well he would expect $63.
oil / gas
WATCH
It has fundamentally traded between two price-to-book break points: 1 times adjusted book and 60% of book. It has traded between these points for a very long time. It is getting up there so don't buck history. Don't bail now but look again at $279.
insurance
HOLD
Northland Power Inc
His intrinsic value is about $34 with a 14% upside and that would take you to a technical resistance point. Renewable is one of the 'the things' and of course the stocks are doing very well. Be careful about buying into something 'hot' that has already had a good move. It could be ahead of what it can actually do in terms of earnings.
Utilities
DON'T BUY
The book value is going to keep on falling. They pay out $1 more in terms of equity, then the balance sheet falls in the coming year. They would have to make up a lot of ground in terms of earnings. Their balance sheet is okay but they are paying out too much.
chemicals
TOP PICK
Bank of Nova Scotia
He likes the banks generally because they are really cheap and this is the cheapest of the banks that is on good technical support. He cycles out of the high ones and gets into the low ones. (Analysts’ price target is $77.07)
banks