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| Stan Wong of Macquarie Private Wealth | |
|---|---|
Stan Wong | |
| Stan Wong is one of Canada’s leading investment professionals. With over 14 years of experience, he provides industry leading wealth management and investment counsel to affluent families, small business owners and institutional clients in Canada. As a qualified and registered Associate Portfolio Manager, Stan retains one of the highest levels of registration in the investment services industry. The Associate Portfolio Manager title is a designation that requires a high level of academic achievement and success in the investment industry. Prior to joining the predecessor firm to Macquarie Private Wealth in 2006, Stan worked as an Investment Advisor at CIBC Wood Gundy and its predecessor firm, Merrill Lynch, for eight years. | |
| 675 Cochrane Drive | |
| Macquarie Tower, Suite 700 | |
| Markham ON | |
| L3R 0B8 | |
| 905 968 1928 | |
| Stan Wong's website | |
| Toll Free: 1 877 968 1928 | |
| Fax: 905 968 1915 | |
| stan.wong@macquarie.com |
| BUY | Apple | AAPL-Q | 444.630 | Trading at 11X earnings. $97 billion in cash. Long-term growth rate is still in the very high teens. | 2012-01-26 | ||
| HOLD | Agrium | AGU-T | 80.390 | Longer term, agriculture is a great space to be in but over the last 12 months or so, you are seeing lower highs and lower lows. It has kind of broken above the 200 day moving average so it is tricky to see where it is going to go going forward. | 2012-01-26 | ||
| DON'T BUY | Amazon.com | AMZN-Q | 193.316 | Leader in the online retail space. Has a great growth outlook of probably 25% plus of estimated earnings. Forward PE is at about 80X earnings, which is quite high. Also has fallen below the 200 day moving average. You've also got the ominous death cross were the 50 day has moved below the 200 day. | 2012-01-26 | ||
| Comment | Aecon Group Inc | ARE-T | 11.170 | Industrial space should do well where things are getting a bit healthier. Technically, it had the golden cross back in December where the 50 day moving average crossed the 200 day moving average. Also, stock price moved above the 200 day long-term trend in October. Very choppy company. | 2012-01-26 | ||
| BUY | BCE Inc. | BCE-T | 40.270 | Feels people are moving out of the defensives into the cyclicals. Height of fears regarding Europe are behind us at this point. Because of this, these stocks will come off a little bit. However, this is a great cash flow company with over 5% yield. Not a tremendous growing company, probably high single digit. Earnings are moving up. | 2012-01-26 | ||
| Comment | Bank of Nova Scotia | BNS-T | 52.730 | The Fed announcement of interest rates remaining low until 2014 is a couple of things with the banks. First of all, it is going to have a drag on net interest margins going forward. However, it will allow consumers to continue to borrow money. Expecting to see a deleveraging in the consumer space. This one is probably more diversified than its peers. Don't look for a tremendous amount of growth from the banks. Really a dividend play. | 2012-01-26 | ||
| DON'T BUY | Carnival Corp. | CCL-N | 30.480 | Not handling the PR very well. Even before the accident, the stock had been moving down and earnings had been looking at little bit murky. It's in the discretionary space so could do well going forward for the time being it is below both the 200 day and 50 day averages. $30 might be its support level. | 2012-01-26 | ||
| TOP PICK | Cisco | CSCO-Q | 19.830 | Regaining market share. Broken above the 200 day moving average at couple of months ago and the 50 day is now above the 200 day, which is a very solid signal. Trading at around 11X forward earnings with a 9%-10% long term growth rate. There will continue to be growth in net work traffic and band width usage. | 2012-01-26 | ||
| DON'T BUY | Encana Corp | ECA-T | 19.740 | Short-term possibility for profits? Down over 35% over the last 12 months but year-to-date is up almost 12%. This goes in hand with natural gas prices moving up slightly due to some production being taken off-line. Still a tremendous oversupply, inventory is quite high and we are having some pretty warm weather. Outlook for natural gas is still pretty negative. | 2012-01-26 | ||
| Comment | Ford Motor | F-N | 12.790 | Discretionary stock so it could do well. Has broken above the 200 day moving average, which is very positive. The 50 day moving average is not white above the 200 day yet. Consider looking at some of the emerging market companies such as Tata Motors (TTM-N). | 2012-01-26 | ||
| HOLD | Home Depot | HD-N | 44.950 | In the very near term, this stock is overbought. 68 RSI but he continues to like it. Earnings are coming in strong and expectations are still moving up. Looking at 14%-15% for the long-term growth rate. Trading at about 18X earnings. He would like it at $41-$42. | 2012-01-26 | ||
| Comment | JP Morgan Chase & Co | JPM-N | 37.490 | Shorter-term, he expects it to move up. Fears from Europe had dissipated a little bit. He would prefer a smaller bank such as Keycorp (KEY-N). | 2012-01-26 | ||
| PAST TOP PICK | Manulife Financial | MFC-T | 11.910 | (A Top Pick Jan 13/11. Down 28.49%.) Got stopped out at $14. The announcement that interest rates will continue to 2014 is a negative for life insurers. | 2012-01-26 | ||
| DON'T BUY | Microsoft | MSFT-Q | 29.500 | A very mature company in the tech space with a decent yield. Growth rate is probably at the high single digit and trading at about 11X earnings. There are probably other places to be in the tech space. | 2012-01-26 | ||
| Comment | Pfizer Inc | PFE-N | 21.630 | One of the defensive stocks that did very, very well last year. Starting to see it roll over a little bit. Technically speaking it still looks pretty sound with the 200 day moving upwards and the 50 day moving across the 200 day very recently. Dividend is about 4%. Doesn't look at this as a tremendous growing company but is in the mid to high single digit range. | 2012-01-26 | ||
| DON'T BUY | Starbucks | SBUX-Q | 48.340 | This stock is astounding. Continues to move up. Trading at around 26X earnings so may be getting a little bit rich. Long-term growth is high at 17 but 26X forward earnings makes it a bit tough for him. | 2012-01-26 | ||
| Comment | Suncor Energy Inc | SU-T | 34.390 | There is probably a $10 premium on oil prices due to the Middle East situation. This is a cyclical name that should do well where the economy is starting to calm down with the macro picture getting a bit better. It has just broken above the 200 day moving average. On his radar screen. | 2012-01-26 | ||
| DON'T BUY | Transalta Corp | TA-T | 20.060 | Stock has meandered sideways for the last couple of years. Very good dividend so if you're looking for a dividend play it’s a great play. If things are getting better in the world, as he expects, it probably won't perform as well on a relative basis. | 2012-01-26 | ||
| HOLD | Teck Resources Ltd. (B) | TCK.B-T | 42.880 | Copper and coal. Assuming that the clouds are starting to clear a little on the global picture, this is the kind of stock you want to own. Higher beta stock so is a lot more volatile than your normal TSX stock. Above the 200 day moving average. | 2012-01-26 | ||
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| BUY | A T & T US | T-N | 29.450 | This is a defensive name. Payout ratio is probably about in the 60% area so relatively secure from a dividend perspective. It will have tremendous growth but will pay you a very nice dividend. 6% at this point. | 2012-01-26 | ||
| BUY | iShares S&P/TSX Capped REIT | XRE-T | 15.570 | S&P/TSX Capped REIT. REIT space should continue to do well. It has the characteristics of being defensive and the yield is at about 4.8%. Also offensive because of the commercial space it is in. If the economy picks up, occupancy rates will continue to rise. | 2012-01-26 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets. Feels that stocks and indices are overbought right now. We’ve had a 5 week advance and RSI’s are getting close to 70, if not above so is expecting a pause or consolidation but nothing to worry about at this point but over the course of the year, is pretty optimistic and constructive. Dow Jones is near a May 2008 high and NASDAQ 100 is near a 2001 high. US stocks have outperformed Canadian stocks this last year by quite a big degree and this could continue for some time. It also tells him that the US economy is muddling along, not too strong, but still moving forward. | 2012-01-26 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Healthcare? A more defensive space so from a relative performance, it may not be the best place to be this coming 12 months. Names that he continues to like are Pfizer (PFE-N), Bristol Myers (BMY-N), Glaxosmithkline (GSK-N), Merck (MRK-N) and Abbott Labs (ABT-N). | 2012-01-26 | ||
| Comment | Silver Wheaton | SLW-T | 34.720 | Likes silver longer-term, but has been disappointing over the last 6-7 months but this has now broken out above the 200 day and 50 day moving averages. A high beta stock so you have to be careful. He prefers trading at this point. $36 might be the next resistance level before it gets to $40. | 2012-01-26 | ||
| BUY | Tim Hortons | THI-T | 48.860 | Has competition from many different spaces, primarily McDonald's (MCD-N) at this point. However, we are still looking at a nice low teens long-term growth. Trading at around 13X earnings. Has stayed above the 200 day moving average. Likes the stock. | 2012-01-26 | ||
| TOP PICK | iShares MSCI Emerging Market ETF | EEM-N | 42.140 | MSCI Emerging Market ETF. Brazil is up 11%, India is up 10% and (?) is up 5% so far this year. There are a couple of catalysts in emerging markets. Monetary policy is easing in certain areas. Inflation is coming down. China looks like it is going for a soft landing. | 2012-01-26 | ||
| TOP PICK | Mastercard Inc. | MA-N | 347.830 | Very strong global brand. Expecting earnings momentum to continue. Has international expansion. Consumer continues to be very resilient. There is growth in debit and prepaid cards. Trading at about 18X forward earnings. Long-term growth is probably 17%-18%. | 2012-01-26 | ||
| Comment | Las Vegas Sands Corp. | LVS-N | 48.970 | Has meandered between $40 and $50 for a good part of last year. You can use this as a trading stock. Stocks like this and Wynn Resorts (WYNN-Q) should do well given that the macro environment is getting better. | 2012-01-26 | ||
| PAST TOP PICK | Mosaic Company (The) | MOS-N | 55.370 | (A Top Pick Jan 13/11. Down 30.7%.) Stopped out at $56. Still continues to like the agricultural space longer-term. | 2012-01-26 | ||
| PAST TOP PICK | Sprott Physical Silver Trust | PSLV-N | 14.100 | (A Top Pick Jan 13/11. Up 9.32%.) Sold his holdings at about $17. Feels silver will be okay longer-term. | 2012-01-26 | ||
| BUY | Apple | AAPL-Q | 366.990 | He is continuing to buy this one for new clients. It has hit the hit the 200 day moving average, which is when you might want to get into it. Trading around 10-11 times forward earnings, which is cheaper on a valuation basis than it was 12 and 24 months ago. | 2011-11-24 | ||
| BUY | Barrick Gold | ABX-T | 49.550 | Gold in general has been an upswing for 10 years. Some of the producers including this one have been in a sideways move over the last year or 2. Seems to be moving in a trading range. Production has been very stagnant. A key name to own if you want a gold producer in your portfolio. | 2011-11-24 | ||
| DON'T BUY | Bank of America | BAC-N | 5.140 | Would be very cautious with financials. With this one, you're looking at what the counter party risks out of Europe are, mortgage and real estate risks. | 2011-11-24 | ||
| PAST TOP PICK | Caterpillar | CAT-N | 87.760 | (A Top Pick Nov 18/10. Up 7.55%.) Largest manufacturer of construction equipment globally. Pretty cheap at 10X forward PE. | 2011-11-24 | ||
| DON'T BUY | Cameco Corporation | CCO-T | 17.510 | A lot of headline news with Uranium type companies. Chart is showing both lower highs and lower lows. Until the tide changes on the uranium space, he would avoid this. | 2011-11-24 | ||
| DON'T BUY | Canadian Oil Sands | COS-T | 19.230 | Got stopped out of this stock at around $24 in August. Expectations of earnings are declining. Not sure oil prices can be sustained at the current prices. There have been larger than expected CapX costs. Technically below the 52 and 200 day moving averages. | 2011-11-24 | ||
| TOP PICK | Calloway REIT | CWT.UN-T | 26.450 | Very defensive characteristics. Retail space where more than 70% of their properties are anchored by Wal-Mart (WMT-N). Currently have a 99% occupancy rate. 5.8%yield. | 2011-11-24 | ||
| BUY | Diageo PLC | DEO-N | 79.560 | Relatively low beta and low volatile stock. Nice dividend at about 3.3%. Predictable, stable growth rate in the mid to high digit range. | 2011-11-24 | ||
| DON'T BUY | Encana Corp | ECA-T | 18.690 | Natural gas continues to languish. Some of their hedges at the higher prices are starting to roll off, which can hurt the stock even more. Not a lot of momentum in this stock and no catalyst for it to move. | 2011-11-24 | ||
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| BUY | Enbridge | ENB-T | 35.110 | Utility, pipeline types of companies is the place to be when you want to be defensive. | 2011-11-24 | ||
| BUY | Veresen Inc | VSN-T | 14.340 | Excellent utility company. The kind of name you want to own when times are tough. Fantastic dividend of nearly 7%. Relatively stable. | 2011-11-24 | ||
| DON'T BUY | General Electric | GE-N | 14.730 | Trading around 10X forward earnings. Perhaps 10% long-term earnings growth. Below the 50-200 day moving averages. 31% of its revenues are still derived from the financial side. For industrials he prefers Caterpillar (CAT-N) or Honeywell (HON-N). | 2011-11-24 | ||
| DON'T BUY | Great West Lifeco | GWO-T | 19.300 | Earnings profile is falling. Hit a 52-week low today. Stock prices are indicating troubled times ahead. Extremely oversold so there might be a bit of a bounce. 6% dividend. | 2011-11-24 | ||
| BUY on WEAKNESS | Intel | INTC-Q | 22.700 | Has being a laggard for quite some time and recently has started taking off. Decent dividend at 3.7%. Last earnings report reported a triple play by beating their earnings and revenues and raised their guidance. Getting interesting. He would try to get in at the 200 day moving average of $22. | 2011-11-24 | ||
| TOP PICK | Kraft Foods Inc | KFT-N | 34.230 | Defensive name. Consumers’ staples sector. Globally one of the largest branded foods and beverage companies. Plan to split next year into North American grocery and global snacks business. Snacks should have the higher growth of the two and pay a 2% dividend. The grocery should be more of cash flow and pay a 6% dividend. Decent yield of over 3.3%. | 2011-11-24 | ||
| DON'T BUY | Kinross Gold | K-T | 13.450 | He would prefer Barrick (ABX-T), Goldcorp (G-T) or even Yamana (YRI-T) if you are going into golds. This one has been languishing quite a bit. | 2011-11-24 | ||
| DON'T BUY | Manulife Financial | MFC-T | 10.770 | Hit a 52 week low today. Earnings expectations are declining on this and other insurance companies. Below the 52 week average. | 2011-11-24 | ||
| Comment | Microsoft | MSFT-Q | 24.470 | A sideways moving type of stock. Earnings growth is not tremendous with a mature technology company like this one. Okay for the dividend of 3.1% but if you are looking for growth, he would prefer others. | 2011-11-24 | ||
| BUY | Oracle | ORCL-Q | 29.000 | Earnings expectations are moving up. One of the most solid management teams out there. He would rank Intel (INTC-Q) above this one. Relatively cheap at 11-12 times earnings. Decent growth expectations. | 2011-11-24 | ||
| PAST TOP PICK | Potash Corp of Saskatchewan | POT-T | 43.010 | (A Top Pick Nov 18/10. Down 9.3%.) Had a 3 for 1 stock split. Long-term trend with agriculture is upwards. Still likes. | 2011-11-24 | ||
| DON'T BUY | Royal Bank | RY-T | 43.900 | There is a lot of concern on how much 2nd party risks and contagion from Europe for all banks. Dividend is pretty stable and secure but what is a 5% dividend to stock is down 20%. | 2011-11-24 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 18.420 | Hit a 52 week low today. Earnings expectations are declining on this and other insurance companies. Interest rates and low interest rate spreads are hurting insurers. Tough equity markets are persisting. | 2011-11-24 | ||
| Comment | Toronto Dominion | TD-T | 68.700 | This would have a little bit less risk than Royal Bank (RY-T). Dividend of just under 4%. If he were to own a bank, it would be something like this one. | 2011-11-24 | ||
| DON'T BUY | Freeport McMoran Copper & Gold | FCX-N | 34.380 | Great management, long-term, large cap name. Copper prices have been falling. | 2011-11-24 | ||
| TOP PICK | Coach Inc | COH-N | 58.700 | Affordable luxury segment of the market is doing quite well. Very strong management. Strong earnings growth profile. Long term growth rate is well over 15%. | 2011-11-24 | ||
| Comment | Mosaic Company (The) | MOS-N | 50.010 | Got stopped out of this when it moved below the 200 day moving average. Long-term it will do very well. Earnings have been moving up. | 2011-11-24 | ||
| DON'T BUY | United States Steel | X-N | 22.410 | If the global economy is slowing and European situation persists, this stock is probably not going to do very well. Below the 52-week average. | 2011-11-24 | ||
| PAST TOP PICK | PowerShare Emerging Market Infrastructure ETF | PXR-N | 35.362 | (A Top Pick Nov 18/10. Up 29.22%.) Emerging Market Infrastructure ETF. Got stopped out at around $45 in August. | 2011-11-24 | ||
| DON'T BUY | Alcoa | AA-N | 9.770 | A materials stock – the second worst sector this year. If you believe economy is going to turn around, this is the one to own. He was stopped out of it. Look at a more defensive stock until we know about Europe and China. | 2011-10-19 | ||
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| BUY | Apple | AAPL-Q | 398.620 | Missed earnings for first time since ’04. Continues to like it. The street overshot what they predicted in terms of estimates. Looks at it as a buying opportunity. | 2011-10-19 | ||
| HOLD | Abbott Labs | ABT-N | 53.250 | The market likes the split. Going to split into pharma and medical space. 3.6% dividend. Hold on to it for the time being. | 2011-10-19 | ||
| DON'T BUY | Bank of America | BAC-N | 6.400 | Is cheap, but stock price is telling you it is not that cheap and could get cheaper. With unknowns in Europe and US housing market. This is probably a stock he would avoid. | 2011-10-19 | ||
| BUY | Caterpillar | CAT-N | 83.560 | Likes it for its brand and size and where they are in the world. Lots of business from emerging markets. Near term it is getting hit by Europe and China questions. | 2011-10-19 | ||
| WEAK BUY | Canadian Imperial Bank of Commerce | CM-T | 75.090 | Neutral on banking in Canada. Likes dividend of 4.8%. This and TD are the more solid bank names. He prefers BMO covered call ETF instead. | 2011-10-19 | ||
| Comment | CitiGroup | C-N | 29.390 | You don’t know what policy makers will come out with and how it will affect these types of companies and what will happen with Europe. He is neutral. | 2011-10-19 | ||
| PAST TOP PICK | Dollarma Inc. | DOL-T | 38.000 | (Top Pick Sep 16/10, Up 42.20%) Kicking himself because it went higher. Very good earnings and some money has downshifted to dollar stores. A little over bought at this point. | 2011-10-19 | ||
| DON'T BUY | General Electric | GE-N | 16.520 | Industrial name trading about 11.5 times forward earnings. Being industrial, he would avoid it until we have more clarity on what is happening in Europe. | 2011-10-19 | ||
| BUY | Goldcorp Inc | G-T | 45.340 | It is moving upwards. Gold equities are undervalued relative to bullion. It is worthwhile as a trade at this point. | 2011-10-19 | ||
| WAIT | 3M Co. | MMM-N | 77.700 | Industrial name and probably one of the worst performing sector this year. Doesn’t know if it will weather the storm in the economy. Long term it probably has a 10% growth rate but right now, no. | 2011-10-19 | ||
| TOP PICK | Altria Group Inc | MO-N | 27.320 | Cigarettes, 50% of market share. Can benefit from the improved litigation environment. Growth is not bad. 7% year over year growth and good dividend. His clients don’t stop him buying it for them just because it is cigarettes. | 2011-10-19 | ||
| BUY | Potash Corp of Saskatchewan | POT-T | 48.860 | Likes agri space long term. One of the most highly levered agri plays. Continue to hold it. Not too bad as an entry point right here. | 2011-10-19 | ||
| DON'T BUY | Research In Motion | RIM-T | 22.780 | Very, very cheap. 5x forward earnings. New operating platform announced but thinks it might be a little late. Was stopped out along time ago. | 2011-10-19 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 23.850 | Tough equity markets and low interest rates are not good for insurers. From balance sheet, dividend is not unsafe at this point. | 2011-10-19 | ||
| PAST TOP PICK | Sandisk Corp | SNDK-Q | 45.180 | (Top Pick Sep 16/10, Up 15.70%) Decided to take profits. Still likes it. It is a good name. Will benefit from memory demand for smart phones. A great brand name. | 2011-10-19 | ||
| SELL | Suncor Energy Inc | SU-T | 30.040 | Very long term outlook is that prices will continue to rise in oil but in near term, if we look at soft economy, oil prices will continue to fall and will hit SU. Looks like it is hitting resistance right now. He got stopped out of it. Needs to see Europe come around and that China is not going to have a hard landing. | 2011-10-19 | ||
| WAIT | Teck Resources Ltd. (B) | TCK.B-T | 34.120 | Long term it will do well. Medium and short term there is a lot of uncertainty. Got stopped out some time ago. | 2011-10-19 | ||
| SELL | Talisman Energy | TLM-T | 13.720 | If you think economy is slowing, this one will not do so well. He would step aside and not own a l ot of cyclical names. | 2011-10-19 | ||
| TOP PICK | A T & T US | T-N | 29.090 | Looking for defensive names, solid balance sheet, 6% yield, beta level almost half that of market. Descent growth. | 2011-10-19 | ||
| BUY | Trans Canada Corp | TRP-T | 43.400 | Likes it and likes utilities and pipelines. When markets start to move again this will be the type that will lag. | 2011-10-19 | ||
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| WEAK BUY | Vodafone Group PLC | VOD-Q | 27.260 | One of the sectors he likes. Beta is lower. Yield is nice, over 5%. There are some other names that are a little more attractive in terms of reliability of earnings. You wont go wrong but there may not be a ton of growth. | 2011-10-19 | ||
| TOP PICK | Tiffany & Co. New | TIF-N | 71.160 | Continue to do well because the wealthy continue to spend. Strong international expansion especially in China. Can continue to increase prices. Growth is over 50% long term. | 2011-10-19 | ||
| BUY | iShares S&P/TSX Global Gold | XGD-T | 23.380 | Likes gold sector and gold equities. Just under 200 day moving average. There is an opportunity here. A good entry point. | 2011-10-19 | ||
| BUY | iShares S&P/TSX Capped REIT | XRE-T | 14.370 | Likes REITs. Holds a basket of them, 5.25% yield. Nice defensive yield. | 2011-10-19 | ||
| BUY | Unilever PLC | UL-N | 32.640 | Likes names like this in this environment. 14.5 times forward earnings. Chart looks very strong. 3.75% yield. Is looking at Kraft right now. | 2011-10-19 | ||
| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Market: Overnight risk out of China and Europe. Is China taking a hard landing? There are seasonal patters and descent stock valuations. Corporate earnings are quite good, especially in the US. Don’t know when Europe will fix itself so you want to be defensive. US will continue to do well this year. | 2011-10-19 | ||
| SPECULATIVE BUY | Netflix Inc. | NFLX-Q | 109.420 | 60 times forward earnings, so any blips and it drop. It’s hard to know where the growth is going to be in this space. Stock is over sold. Wonders if there may be a bit of a pop here but longer term not sure if it is the kind of company he wants to own. | 2011-10-19 | ||
| HOLD | Tim Hortons | THI-T | 49.520 | Has the characteristic of a consumer staple, not discretionary. Almost a food and beverage company. Earnings have been moving upwards but almost 20 times forward earnings, so he is concerned about valuation. Probably not a bad place to continue to own. | 2011-10-19 | ||
| DON'T BUY | Quadra FNX Mining Ltd | QUX-T | 9.960 | The type of stock that can suffer when we uncertainties around the world. | 2011-10-19 | ||
| PAST TOP PICK | Las Vegas Sands Corp. | LVS-N | 43.370 | (Top Pick Sep 16/10, Up 33.90%) A it more of a trading stock. Moved into Winn. Will benefit from growth in Asia. High beta stock. | 2011-10-19 | ||
| BUY | BMO Covered Call Cdn Banks ETF | ZWB-T | 13.900 | Should be sustainable because it is paying out call premiums and bank dividends. Great yield of 10%. If banks are going to take off, which he doesn’t think they will, then own the banks. | 2011-10-19 | ||
| Comment | Alcoa | AA-N | 15.290 | Sold his holdings a few weeks ago, coming into the spring/summer months. This was a cyclical name. Still likes it, assuming the economy will resume its growth. With moderate growth, this company should do okay. Longer-term, he likes the stock. | 2011-06-22 | ||
| TOP PICK | Agrium | AGU-T | 81.460 | Has wholesale and retail businesses in agriculture. This will continue to benefit from the long-term trend in the global agricultural space. There is rising demand from developing nations. Crop prices continue to move up. Trading around 10-11 times forward PE, which is pretty cheap to where it has been. Has a decent double-digit long-term growth rate. | 2011-06-22 | ||
| BUY | Bombardier Inc (B) | BBD.B-T | 6.690 | Ranks quite well in his system in terms of growth metrics. Thinks we are in the news cycle in aerospace. Beat their earnings in June. Technically it is one of the more sound names in the TSX. Pays a small dividend. Trading at about 15.3X forward earnings. | 2011-06-22 | ||
| Comment | Canadian Natural Rsrcs | CNQ-T | 39.150 | As a short-term speculator, would you be a Buyer or Seller of this one tomorrow morning? Looking at charts, this has fallen below the 50 day moving average and the 50 day has just crossed the 200 day. Actually you would have been better buying it at the $38 level a few days ago. | 2011-06-22 | ||
| DON'T BUY | Cisco | CSCO-Q | 15.360 | Trading at a cheap valuation at 9.5X forward earnings. Chart shows a series of lower highs and lower lows. Expect they are losing market share as well. | 2011-06-22 | ||
| HOLD | Deere & Co. | DE-N | 81.570 | Trading at a 12X forward multiple. Has very good growth ahead of it. Looking at what's happening globally in the agricultural market, the need for farm equipment continues to grow. | 2011-06-22 | ||
| BUY | Dow Chemical | DOW-N | 35.980 | Bouncing off the 200 day moving average, which looks encouraging. Based on some of the fundamentals, it doesn't look bad. Beat its earnings in the last quarter. | 2011-06-22 | ||
| DON'T BUY | Eldorado Gold | ELD-T | 14.430 | Prefers actual gold at this point. If you are concerned with what is happening globally with sovereign debt, you should own gold bullion as insurance. Technically, this stock is below its 50 and 200 day moving average. | 2011-06-22 | ||
| WATCH | Ford Motor | F-N | 13.360 | Took profits on his holdings after they missed their earnings. Trading at about 17X forward P/E with a decent growth rate of high single digit. He would revisit this one later on when earnings beats. | 2011-06-22 | ||
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| Comment | Johnson & Johnson | JNJ-N | 66.070 | Should hold quite nicely during the bald period of spring and summer. If looking for extreme long-term growth, he is not sure you'll find it in this one. Expected to grow in the mid-single digit growth rate annually. | 2011-06-22 |
