Home Daily Stock Opinions and Ratings

Trending stocks today

Brookfield Corp NextEra Energy Alimentation Couche-Tard Black Diamond Group Cheniere Energy Inc PDD Holdings Crescent Point Energy Corp Paramount Resources Astera Labs Marvell Technology Group Broadcom Invesco QQQ Trust Series 1 Coca-Cola Company Loews Corp Softchoice Everest Group, Ltd. Parkland Fuel Corp Canadian Tire Corporation Ltd. (A) BCE Inc. Alimentation Couche-Tard

Latest Stock Buy or Sell?
Make More Informed Decisions!

Today, Lorne Steinberg commented about whether DISCA-Q, CTVA-N, 6930-JP, 6859-JP, V-N, BUD-N, BAM.A-T, BABA-N, HTZ-N, HEXO-T, GLW-N, BCE-T, AAPL-Q, 7951-HK, DOW-N, BNS-T, MIDD-Q, MCD-N, ADBE-Q, NTR-T, CSCO-Q are stocks to buy or sell.

COMMENT

A Comment -- General Comments From an Expert(A Commentary)

02/06/2020
A Comment -- General Comments From an Expert
He expects a vaccine sometime next year; the market is making a big bet that at least a treatment will emerge. This is a pretty fair bet. Governments have no choice but to pay people to stay home or else they'll riot in the streets. No one knows what will happen to the economy. He came into March holding 25-30% cash and spent half that, but was caught off-guard by the rally. So, he has sold some stocks to raise cash. He sold some of his cyclicals.
Unknown
Lorne Steinberg
N/A
Unknown
UnlockRating
STRONG BUY

Cisco(CSCO-Q)

02/06/2020
Cisco
Managers have done a great job morphing into cybersecurity. Yes, Cisco will be impacted by current spending on IT (with flat or slightly declining revenues this year), but Cisco will remain a huge cash flow and dividend grower. There's strong demand for internet security which definitely benefits Cisco.
electrical / electronic
Lorne Steinberg
$46.675
Owned
UnlockRating
BUY

Nutrien Ltd.(NTR-T)

02/06/2020
Nutrien Ltd.

NTR vs. Corteva He owns both. Corteva is into crop protection. Nutrien is in fertilizer. Both are strongly correlated to commodity prices, however. Nutrien pays a healthy dividend, but Corteva offers better growth and could benefit from ongoing climate change problems. Both are best-in-class businesses.

agriculture
Lorne Steinberg
$47.550
Owned
UnlockRating
DON'T BUY

Adobe Systems(ADBE-Q)

02/06/2020
Adobe Systems
Best-in-class. Every business he knows uses Adobe software. Too pricey for his tastes, though.
computer software / processing
Lorne Steinberg
$388.135
No
UnlockRating
BUY

McDonalds(MCD-N)

02/06/2020
McDonalds
The share price has come back nicely. Delivery sales are way up and drive-thru's, too. MCD will endure and succeed, but expect an earnings dip.
food services
Lorne Steinberg
$186.235
No
UnlockRating
COMMENT

Sitting on a lot of cash. What to do?(A Commentary)

02/06/2020
A Comment -- General Comments From an Expert
Sitting on a lot of cash. What to do? Start buying in underperforming areas, like Canadian banks and some consumer stocks. The banks offer good dividends. Insurance companies have also been beaten up and worth looking at. You can buy a little in these areas without undue risk.
Unknown
Lorne Steinberg
N/A
Unknown
UnlockRating
COMMENT

Cryptocurrencies: will this be the future and completely replace cash?(A Commentary)

02/06/2020
A Comment -- General Comments From an Expert
Cryptocurrencies: will this be the future and completely replace cash? Only buy what you know. He's never gotten a satisfactory answer about the value of cryptos. So, he's steering clear of them. Every central bank now is printing money; world banks won't reset and aren't going anywhere.
Unknown
Lorne Steinberg
N/A
Unknown
UnlockRating
BUY

Middleby Corp.(MIDD-Q)

02/06/2020
Middleby Corp.
They make restaurant equipment, but actually their Q1 earnings were strong. The world economy has bottomed out, but six months things will be much better. So, MIDD is well-positioned. A great company currently at a great price.
INDUSTRIAL PRODUCTS
Lorne Steinberg
$72.940
Unknown
UnlockRating
PAST TOP PICK

Bank of Nova Scotia(BNS-T)

02/06/2020
Bank of Nova Scotia
(A Top Pick Jun 26/19, Down 15%) None of the top 5 Canadian banks has ever cut dividends. These banks are in great shape and can weather this storm. Half of BNS' loans are insured. Bank amendments benefit the banks and not non-bank lenders.
banks
Lorne Steinberg
$56.180
Owned
UnlockRating
PAST TOP PICK

Dow Inc. (Formerly Dow Chemical) (DOW-N)(DOW-N)

02/06/2020
Dow Inc. (Formerly Dow Chemical) (DOW-N)
(A Top Pick Jun 26/19, Down 15%) He sold. He liked only a part of the new proposed Dow.
chemicals
Lorne Steinberg
N/A
No
UnlockRating
PAST TOP PICK

Yamaha Corp.(7951-HK)

02/06/2020
Yamaha Corp.
(A Top Pick Jun 26/19, Up 4%) This is the music business, not the motorbikes. It has held up very well. He expects earnings to rebound a lot in 2021. A core holding. It's very undervalued. Japan as a whole has bounced back and is bifurcated like other markets.
Consumer Products
Lorne Steinberg
N/A
Owned
UnlockRating
BUY ON WEAKNESS

Apple Inc(AAPL-Q)

02/06/2020
Apple Inc
One of the world's top businesses, no doubt, but it is too expensive to buy. Apple is tied to the success of the iPhone, so are people going to spend $1,000 on a phone now? He'd love to buy this, but only if the share price was cheaper.
electrical / electronic
Lorne Steinberg
$321.760
No
UnlockRating
COMMENT

BCE Inc.(BCE-T)

02/06/2020
BCE Inc.
Telcos are an oligopoly here. It pays a great dividend, but it's a mature, low-growth company. Young people are cable cutting and streaming everything instead. BCE should hold up well. Even with 5G, BCE won't grow much. You're buying this for a growing Canadian economy and being a well-run company.
telephone utilities
Lorne Steinberg
$57.110
Unknown
UnlockRating
BUY

Corning Inc(GLW-N)

02/06/2020
Corning Inc
It's cyclical. They make glass for the environmental sector as well as for iPhones. A great free cash flow generator and solid dividend grower. He sees a lot of upside from here.
misc industrial products
Lorne Steinberg
$23.580
Owned
UnlockRating
DON'T BUY

Hexo Corp(HEXO-T)

02/06/2020
Hexo Corp

Careful buying any weed stocks. Hard to get a handle on valuations here. Hexo has a deal with Molson-Coors to produce a cannabis beverage. No weed company is attractive. He'd rather buy a Canadian or American bank which hold real value.

0
Lorne Steinberg
$0.930
No
UnlockRating

Your Watchlist

Add stocks to watchlist to monitor them daily and get important alerts.

Get Access To Watchlist

Latest Buy Signals

BN-TBrookfield Corp
Brookfield Corp
$55.37
0.41 (0.74%)
CM-TCanadian Imperial Bank of Commerce
Canadian Imperial Bank of Commerce
$65.10
0.34 (0.52%)
TRP-TTC Energy
TC Energy
$49.32
-0.01 (-0.02%)
TD-TToronto Dominion
Toronto Dominion
$80.76
0.00 (0.00%)
CNR-TCanadian National R.R.
Canadian National R.R.
$170.89
0.49 (0.29%)
Advertising

Today's Top Picks

ATD-TAlimentation Couche-Tard
Alimentation Couche-Tard
$78.06
0.68 (0.86%)
BCE-TBCE Inc.
BCE Inc.
$44.69
-0.23 (-0.52%)
CTC.A-TCanadian Tire Corporation Ltd. (A)
Canadian Tire Corporation Ltd. (A)
$136.49
1.43 (1.04%)
PKI-TParkland Fuel Corp
Parkland Fuel Corp
$42.79
-0.36 (-0.85%)
EG-NEverest Group, Ltd.
Everest Group, Ltd.
$362.78
-2.98 (-0.83%)

Popular Articles

Questrade Review: Pros & Cons of Trading with Questrade Canada (2021) Steady Eddys: 3 Stable Stocks Between Safety and Risk: 3 Safe and Gambling Stocks 3 Oversold Stocks to Take Advantage of 5 ETFs for Index Investing

Latest Sell Signals

CCO-TCameco Corporation
Cameco Corporation
$66.51
-0.65 (-0.99%)
DOL-TDollarama Inc.
Dollarama Inc.
$116.05
-0.95 (-0.83%)
NSC-NNorfolk Southern
Norfolk Southern
$241.35
0.52 (0.21%)
ALAB-QAstera Labs
Astera Labs
$71.25
-0.34 (-0.49%)
UNH-NUnitedHealth Group Inc
UnitedHealth Group Inc
$494.65
0.79 (0.16%)

Most Recent Experts

Panic-Proof (Research)

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Buzzing

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Gill

Robert Gill

Goodreid Investment Council

Bolton

Kim Bolton

Black Swan Dexteritas

Stockchase

Stockchase Insights

5i Research

Advertising
Advertising
logoTop pickslogoStockslogoRecentlogoWatchlist
© Stockchase Inc.