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The Daily Top Stock Picks.
Make More Informed Decisions!
Today's stock picks by Michael Hakes - CFA, MBA and The Panic-Proof Portfolio (Stockchase Research) are HIU-T, ZTL-T, TLT-Q, ATZ-T, QCOM-Q, LLY-N.
TOP PICK
One of his favourites. Long runway for growth. 68 stores in Canada, but only 44 in the US. Per year, plans to open 8-10 stores in the US plus expand 3-5 stores. E-commerce expected to stay very strong. By 2027, sales could approach 4B from the 2B at end of Feb 2023. Sees it trading in the $65 range next 12 months. One of the best times to buy a retail stock is when it's in early stages in the US. No dividend. (Analysts’ price target is $61.86)
specialty stores
$49.360
Owned
TOP PICK
Lower consumer demand expected to persist in near term. Diversifying into autos (potentially $1-2K per vehicle) and industrials (connecting things that aren't connected yet), which will lessen the cyclicality of the business. Track record of successful product rollouts. Yield is 2.53%. (Analysts’ price target is $151.80)
Telecommunications
TOP PICK
Super-excited about long-term prospects from new products, which could lead to 40% sales growth by 2025-26. These products will also increase margins. Biggest opportunity is within weight loss, initial results of a 3-year study are looking good, targeting obesity as well as its complications. Not cheap, but will continue to outperform. Yield is 1.05%. (Analysts’ price target is $381.39)
biotechnology / pharmaceutical
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate HIU, a defensive low MER ETF that is inverse to the S&P500, as a TOP PICK. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
E.T.F.'s
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this defensive ETF holding US long term government bonds priced in Canadian dollars, as a TOP PICK. It acts as a good hedge against a pending recession. With interest rates near expected peak levels, this is a good time to enter again. US 30 year treasury yields remain within 50 bps of the levels reached prior to the 2008 financial crisis. We recommend keeping the stop-loss at $30, looking to achieve $55 – upside potential of 25%. Yield 3.6%
E.T.F.'s
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this defensive holding as a hedge against a pending recession as a TOP PICK. It holds 20-30 year US treasuries. As interest rates are expected to be nearing peak values this is a good entry. US 30 year treasury yields remain within 50 bps of the levels reached prior to the 2008 financial crisis. We recommend trailing up the stop-loss (from $80) to $92, looking to achieve $150 – upside potential over 40%. Yield 2.4%
E.T.F.'s
TOP PICK
A valuation play. Shares have fallen 50% from 2021 highs. All negativity has been absorbed. They continue to expand cloud which sets it up well for 2023. Tech will be a winning category along with bonds in 2023. He targets $50 in 12-18 months. Attractive price now. (Analysts’ price target is $55.84)
computer software / processing
TOP PICK
Strong cash flow and likely they will sell some assets. Valuation is attraction. Their merely okay dividend should grow in 2023. (Analysts’ price target is $47.69)
Utilities
TOP PICK
He bought some CAP REIT, because housing demand is slowing, so he expects apartment rents to rise as rental demand climbs. Most assets are in western Canada which will see strong demand going into 2023. Such increases will protect cash flow and the dividend. (Analysts’ price target is $60.45)
property mngmnt / investment
TOP PICK
It is a global leader in the processing of rare earth materials to make highly engineered industrial materials and magnets used in micro-motors, etc. Also a global leader in supplying the automotive industry and EV market. It is building a new plant in Europe where there are good opportunities. It is very profitable, generates cash and has no debt. At 4X EBITA it is much better today than before and pays a dividend of about 4%. A strategic buyer in Australia, Hastings Technology, just bought 20% of NEO at $15 per share. Also insiders have been buying recently. It is a takeover candidate. Buy 6, Hold 0, Sell 0 (Analysts’ price target is $18.50)
Mining
TOP PICK
Has owned for a long time. It is a Montreal based supply chain management software solutions company. Its main clients are in the health care business and mainly in the U.S. where they dominate. It has a record backlog, is profitable and should have a higher multiple. It should see margin improvement and may be a $100 stock in a few years. Another takeover candidate. Buy 6 Hold 1 Sell 0 (Analysts’ price target is $45.14)
consulting
TOP PICK
It is in the renewable power business and will benefit from the acceleration of Europe's transition to clean energy. It has huge growth projects in the works in Taiwan, Poland and Germany. It is growing significantly and he expects EBITA to double in the next several years. Buy 14, Hold 2 Sell 0 (Analysts’ price target is $47.69)
Utilities
TOP PICK
Very bullish chart on the state of CP Rail.
Canadian bellwether on the state of the economy.
Good time to buy shares.
Transportation
TOP PICK
Very strong chart.
Strong management team.
Good assets.
precious metals
TOP PICK
Call option on equity markets.
If markets move higher, have free option.
5% dividend yield allows for protection to investors.
investment companies / funds
What are the best stocks to buy today?
According to Michael Hakes - CFA, MBA and The Panic-Proof Portfolio (Stockchase Research), the best stocks to buy today are HIU-T, ZTL-T, TLT-Q, ATZ-T, QCOM-Q, LLY-N.
