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)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.
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)