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Today's stock picks by Christine Poole and The Panic-Proof Portfolio (Stockchase Research) are CB-N, ENB-T, L-T, MX-T, HR.UN-T, BMO-T.
Pipelines have been pulling back along with the oil price. Has owned this for many years. Pays a safe, attractive 7% dividend. 98% of cash flows are contracted. Very defensive, defensive in energy. Operates the longest crude oil pipeline in the world.
(Analysts’ price target is $58.11)Consumer staples are defensive as we head into a slowing economy. Their discount banners are attracting customer traffic amid inflation. She likes their private labels with 25% customer penetration and strong margins. Great locations. Have benefited from the reopening as people return to the office. Drug stores will play a growing, bigger role in healthcare (Loblaw owns Shoppers Drug Mart and is well-positioned).
(Analysts’ price target is $137.05)
As the largest supplier of methanol to international markets, we select MX as a TOP PICK. The company just announced the first bio-methanol marine vessel voyage that opens the door to low-emission marine transport. It trades at 9x earnings and 1.5x book value. It has been some cash reserves to prudently retire debt and buy back shares. We recommend placing a stop-loss at $51, looking to achieve $78 — upside potential over 21%. Yield 1.0%
(Analysts’ price target is $78.69)We reiterate, HR-UN, one of Canada's largest REITS holding $11.4 billion in assets in North America, as a TOP PICK. Its strategic plan is refocusing on growth orientated residential and industrial properties. It trades at 4x earnings and under book value. The yield is good and backed by a payout ratio under 20%. We recommend trailing up the stop-loss from $10.50 to $11.50, looking to achieve $15.75 -- upside potential of 26%. Yield 4.3%
(Analysts’ price target is $15.75)Owing Canadian chartered banks during periods of market uncertainty is always a good strategy. It currently trades at 1.5x book and under 10x earnings. Cash reserves are growing as the company retires debt. We recommend placing a stop-loss at $100, looking to achieve $143.50 — upside potential over 20%. Yield 4.6%
(Analysts’ price target is $143.45)It is a great business selling subscription software. It had 13% revenue growth in its last report. Trades at 25X earnings with a great balance sheet and gross margins of 90%. It is trying to make an expensive acquisition but this shouldn't affect the stock. It is very undervalued and should double earnings over the next few years. Buy 20 Hold 21 Sell 0
(Analysts’ price target is $392.58)It is profitable and not losing billions on the streaming business like Disney, Paramount, etc. They know what they are doing and are ahead of the competition. It is guiding to $3 billion free cash flow this year and trading at a reasonable valuation. He sees earnings doubling over the next few years. Buy 27 Hold 23 Sell 4
(Analysts’ price target is $365.15)It has very strong management which knows how to guide the company over the long term. It has made acquisitions in distressed companies in its sector. The dividend of 5.2% is very safe regardless of oil prices. Has a great balance sheet with amazing free cash flow and has raised dividends for 23 years in a row. It will use extra free cash flow for specific dividends and share buybacks. Has over 30 years of reserves. Buy 15 Hold 8 Sell 0
(Analysts’ price target is $91.08)Doubling down on stock with recent market sell off.
Dominates cloud services.
Massive investment in distribution unrivaled.
Very well run business.
Covid-19 demonstrated value of Amazon business.
Great long term investment.
Company 20% larger today and 60% cheaper.
World class consulting company.
Major consultant to large corporations.
Very large company without capital requirements.
Consistently hiring top talent.
Defensive stock that is good for long term investors.
Likes dynamics of healthcare industry - believes demand for healthcare will remain strong.
Very well run company.
Largest health insurance company in Canada.
Continually growing business.
UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. Social media mentions are up 8% in the past 24h.
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With more than $30 billion in assets, Western Alliance Bancorporation is one of the country's top-performing banking companies. The company has ranked in the top 10 on the Forbes 'Best Banks in America' list for five consecutive years, 2016-2020, and was named #1 best-performing of the 50 largest public U.S. banks for 2019 by S&P Global Market Intelligence. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with local teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. A national presence with a regional footprint, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide. Social media mentions are up 9% in the past 24h.
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DWAC is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Social media mentions are up 300% in the past 24h.
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What are the best stocks to buy today?
According to Christine Poole and The Panic-Proof Portfolio (Stockchase Research), the best stocks to buy today are CB-N, ENB-T, L-T, MX-T, HR.UN-T, BMO-T.
Just added on pullback. Strong managers which is key for PC insurers. Are excellent underwriters in assessing risk. Their combined ratio has been 90% or less. Also, they have a global presence, with 60% in North America and 40% outside. Have many commercial and personal lines and have just expanded in accidental and life insurance in Asia. Diverse and deep. Investment portfolio is conservative, about 87% in investment-grade bonds. Shares down 20% on the current pullback. PE is 10.5x forward is attractive. Pays only 1.7% yield, but good company growth ahead.
(Analysts’ price target is $244.55)