Recent Top Picks | StockChase
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Compiling comments that experts make about stocks while on public TV.

Recent Top Picks

Date Signal Company Expert Opinion Price
2017-04-21 TOP PICK Bank-of-America
BAC-N
Greg Newman

This has a BV of less than 1. He sees 20% EPS growth. It is very well positioned towards the Trump agenda. Thinks they will do something about the Volker rule and probably lower taxes a little. This bank is very well positioned towards the domestic side of the economy. He doesn’t see a lot of risks. Dividend yield of 1.3%. (Analysts’ price target is $26.50.)

Price:
$22.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-21 TOP PICK Power-Financial-Corp
PWF-T
Greg Newman

He likes financials. This one has a very nice dividend and is very defensive. It should benefit with slightly higher interest rates and a better stock market with their underlying holdings. He models a 9% EPS growth over the next couple of years. Dividend yield of 4.8%. (Analysts’ price target is $37.00.)

Price:
$34.290
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-21 TOP PICK iShares-MSCI-Emerging-Markets
XEM-T
Greg Newman

This is the time for emerging markets, and this is a nice interesting basket. He likes where they are spread out. Good yield. There have been positive earnings revisions in the area. Stronger growth and stronger currencies, with a slightly weaker US$.

Price:
$29.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-20 TOP PICK Temp-Holdings-Co-Ltd
2181 JP
Mark Grammer

Corporations in Japan have to use agencies to help them recruit.  It is the job opportunities to applicant ratios.  We are seeing tiny increase in wages which we would need to see accelerate to get a full-fledged consumption boom in Japan, but we are getting there.  (Analysts’ Target: ¥2400).

Price:
$0.000
Subject:
GLOBAL
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2017-04-20 TOP PICK iShares-MSCI-Edge-Min-Vol-EAFE
EFAV-N
Lorne Zeiler

There are better opportunities now in Europe and Japan. This gives you a broader exposure across Europe of all the countries, with a little bit less on the UK. Also, there is a better mix in terms of stability in the sectors. In the last 3 years, there has been significant outperformance on this ETF, but last year underperformance. Good dividend yield.

Price:
$66.400
Subject:
DIVIDEND STOCKS AND MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-20 TOP PICK Johnson--and--Johnson
JNJ-N
Lorne Zeiler

Recently missed on revenues and the stock sold off a bit. They actually beat on the earnings per share. This company has 3 solid lines of business, pharmaceuticals, consumer products and medical devices. There should be significant earnings growth this year. They did a significant acquisition last year which should be coming into earnings this year. Trading at about 20X earnings. Dividend yield of 2.6%. (Analysts’ price target is $130.)

Price:
$121.870
Subject:
DIVIDEND STOCKS AND MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-20 TOP PICK Kasikorn-Bank
KBANK-BBK
Mark Grammer

Thailand is an interesting economy right now.  Elections next year.  They are starting to spend on infrastructure.  Lending has to be done to all the companies doing the actual work.  They have strong growth.  (Analysts’ target: 192.50 Thai Bhat).

Price:
$0.000
Subject:
GLOBAL
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2017-04-20 TOP PICK LVMH-Moet-Hennessy-Louis-Vuitton-SA
LVMUY-(OTC)
Mark Grammer

They are well positioned for the improving global economy.  It is strong in the US.  The reduced corruption push in China means more spending on luxury goods.  One of the best managed in that whole space.  (Analysts’ target:  €225.00).

Price:
$0.000
Subject:
GLOBAL
Bias:
BULLISH on GLOBAL STOCKS
Owned:
Yes
2017-04-20 TOP PICK Sun-Life-Financial-Inc
SLF-T
Lorne Zeiler

Compared to the other insurers, their valuation is more reasonable at 7.6X earnings. Recently they’ve provided their medium-term outlook, looking at 8%-10% earnings growth per year. Very stable name. Dividend yield of 3.6%. (Analysts’ price target is $54.)

Price:
$47.800
Subject:
DIVIDEND STOCKS AND MACRO STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-19 TOP PICK Adobe-Systems
ADBE-Q
David Burrows

The leader in creating digital media. There is enormous growth in the creation of Digital media. They used to sell their software as a package, with an upgrade every couple of years. There was an enormous number of people pirating their software. They then started selling by subscription. They caught a bunch of pirates that needed their software and had to wind up subscribing. This is a quickly growing pie. As their subscriptions go up, their margins go up. They now have 10 million subscribers. There are 7 million users that continue to use old versions, and will have to upgrade. (Analysts’ price target is $145.)

Price:
$130.220
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 TOP PICK Bank-of-America
BAC-N
David Burrows

He looks for sectors/themes that are going through significant shifts that can give a long runway for the industry and companies to be revalued. The 2nd biggest bank in the US, trading at just under 1X BV, and can go higher. Assuming they can grow BV, that would be even better. It will be helped by rising interest rates. They will get the CCAR assessment in June as to whether they can return more capital to shareholders. Generating a ton of cash, so dividends should continue to accelerate. US banks started to perform in June of last year and have just had a classic pullback towards the 150-day moving average, which gives investors a great entry point. This could be a 5-year theme. Dividend yield of 1.3%. (Analysts’ price target is $26.)

Price:
$22.740
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-19 TOP PICK Bayerische-Motoren-Werke-AG
BMW-GR
Bruce Murray

The auto sector is one of the few areas that is cheap. The world has decided that the auto cycle is over, gasoline powered cars are going to disappear, and therefore we don’t need to own these stocks. This is selling at 8X earnings and it is a global luxury brand. Their entire line-up is higher luxury cars. They will make as many electric vehicles as Tesla this year, and have all of the technology. Highly profitable. The one issue is debt. They have €1 billion of debt on a $50 billion market cap, because all the car leases are still done internally. Dividend yield of 4.5% and has been going up 10% per annum. (Analysts’ price target is €86.)

Price:
$0.000
Subject:
LARGE CAP GROWTH & DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-04-19 TOP PICK Celgene-Corp
CELG-Q
Bruce Murray

One of the surest growth stocks out there. They have a product called Revlimid which treats a whole series of blood cancers. The one they have right now is multiple myeloma, and it prolongs people’s lives substantially. They are going to grow revenue 25% over the next 4 years. It is selling at 18X. Thinks it gets close to $200 in the next couple of years. (Analysts’ price target is $143.)

Price:
$122.920
Subject:
LARGE CAP GROWTH & DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-04-19 TOP PICK Facebook
FB-Q
Bruce Murray

$200 billion of business will move from the TV business to the Internet, and this company’s revenues last year were $27 billion, and they are growing at $10 billion a year. The new messenger is damaging all the other messaging apps. This company knows everything about you and can specifically target market you. A no-brainer. (Analysts’ price target is $164.)

Price:
$142.270
Subject:
LARGE CAP GROWTH & DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-04-19 TOP PICK Ingersoll-Rand-Co
IR-N
David Burrows

Capital spending in the US is set to rise. 85% of their business is environmental control. HVAC systems are being put in or being replaced in commercial buildings. If there is an infrastructure spend on schools and hospitals, that is a big spend. Their compressor systems are used in construction sites. Dividend yield of 1.95%. (Analysts’ price target is $85.50.)

Price:
$81.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-04-18 TOP PICK Acadia-Realty-Trust
AKR-N
Derek Warren

Feels the 3 top picks have probably lagged the market unfairly. In the US, all retail REITs have been destroyed. This one has been beaten up too much. It is very rare to get this REIT at a discount. It has SOHO, Brooklyn, Chicago street front retail. It is irreplaceable real estate. Trading at a discount to NAV. Dividend yield of 3.3%. (Analysts’ price target is $35.50.)

Price:
$31.720
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 TOP PICK Cominar-Real-Estate-Inv-Tr
CUF.UN-T
Derek Warren

Feels the 3 top picks have probably lagged the market unfairly. He sees an improving Québec economy, and this is the largest landlord in Québec. Management has gone through some decisions over the last 2 years that were not great, when they tried to grow too aggressively. However, they have said they are done and are now focusing internally on the company. Payout ratio is a little high, but there is some visibility in the future leases that are signed but not yet economically contributing to the income statement. If you have a 3-year hold, buying in the $14 range is going to give you a very solid yield, and it will skate through over the next couple of years. Dividend yield of 10%. (Analysts’ price target is $15.)

Price:
$14.730
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 TOP PICK Facebook
FB-Q
John Stephenson

This has been a wonderful company. They are becoming a platform company. Has had some hiccups, but really has been a great company. You are really coming down to a core group of names in technology that are large cap, investable and stable, and this one is pretty much at the top of the pack. Huge active monthly users, engagement is really high. They still have to monetize video. (Analysts’ price target is $164.)

Price:
$140.960
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-04-18 TOP PICK First-Capital-Realty
FCR-T
Derek Warren

Feels the 3 top picks have probably lagged the market unfairly. This has lagged for a number of reasons. There is a bit of a concern on the retail market in general, but he would argue that their locations are highly resilient. They’ve had their guidance lowered a little because of some of the acquisitions they did, some developments cost a fair bit of money. However, long term, this is going to work out very well. Thinks management has got the message that they need to provide more FFO per share growth over the next couple of quarters. The previous CEO has been selling which has put some pressure on the stock, but has nothing to do with the valuation of the company. Dividend yield of 4.2%. (Analysts’ price target is $23.)

Price:
$20.350
Subject:
REAL ESTATE & REIT's
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-18 TOP PICK Michael-Kors-Holdings
KORS-N
John Stephenson

*Short* Not a valuation call, but a call on retail, and one in particular. Even management has guided towards lower earnings, lower margins and lower revenue. Struggling from a retail perspective, and retail in general is struggling. Thinks retailers are attractive Shorts overall. (Analysts’ price target is $40.)

Price:
$36.900
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-04-18 TOP PICK Shire-PLC
SHPG-Q
John Stephenson

A pharmaceutical/biotech company. It has an extremely attractive valuation, dirt cheap, trading at under 11X forward earnings. This has a really good stable of rare disease drugs that are very much untouched in the marketplace. The pharmaceutical sector has been absolutely beaten up and is becoming absolutely compelling. Dividend yield of 0.53%. (Analysts’ price target is £6100.)

Price:
$169.640
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-04-17 TOP PICK Intertape-Polymer-Group
ITP-T
Barry Schwartz

Everything that is shipped has to be professionally taped.  They have done a good job of taking their market share and expanding outside of Canada and the US.  Great dividend that has grown many years in a row. (Analysts’ target: $27.75).

Price:
$23.610
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-17 TOP PICK Live-Nation-Entertainment-Inc.
LYV-N
Barry Schwartz

Experiential Consumerism.  Concerts and adventure travel.  They make their money not on the concerts, but on the merchandise, the promotions, the sponsorships and they own a lot of the venues.  They are out there buying more and more concerts and live events.  They own Ticket Master.  It does not pay a dividend and the balance sheet is not opaque.  He thinks they can build their cash flow over 40% over the next couple of years.  They have wonderful pricing power.  (Analysts’ target: $33.00).

Price:
$30.890
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-17 TOP PICK Vail-Resorts-Inc
MTN-N
Barry Schwartz

The moat is the mountains.  They own world class, top properties and are looking to expand. It is not cheap, but they have a good track record of increasing their dividend. (Analysts’ target: $210.00).

Price:
$189.860
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-17 TOP PICK Sphere-FTSE-Emerging-Sustainable-Yield-ETF
SHZ-T
John DeGoey

(He’s been telling people for years that they should be buying more emerging markets. Tonight, he is giving 3 different ways to play the same theme.) This one started trading about 6 months ago and is focused on sustainable yield. It is small. The important thing is, it has a sustainable yield as part of its methodology. That is the value screen. He is a proponent of factor investing.

Price:
$10.330
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-17 TOP PICK Vanguard-FTSE-Emerg.-Mkts.-All-Cap-ETF
VEE-T
John DeGoey

(He’s been telling people for years that they should be buying more emerging markets. Tonight, he is giving 3 different ways to play the same theme.) If there was only one way to play it, this would be the one that is the most diversified and the lowest cost.

Price:
$32.070
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-17 TOP PICK iShares-MSCI-Emerging-Markets
XEC-T
John DeGoey

(He’s been telling people for years that they should be buying more emerging markets. Tonight, he is giving 3 different ways to play the same theme.) This has a small-cap bias. The 2 main factors that are the most important to him are value and market capitalization.

Price:
$24.890
Subject:
PERSONAL FINANCE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-13 TOP PICK Bank-of-America
BAC-N
Paul Harris, CFA

The stock ran up and has pulled back, giving a good opportunity to buy. It has 10% of all the retail assets in the US. It continues to reduce costs through technology and headcount. They have 3 very strong good businesses, retail, corporate investment banking and the brokerage business. Trading just below BV. Thinks the stock is worth in the $38-$40 range. Dividend yield of 1.3%. (Analysts’ price target is $26.)

Price:
$22.340
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-04-13 TOP PICK Blackstone-Group-LP
BX-N
Paul Harris, CFA

Trading at 10X earnings and has a very good dividend yield of 5.2%. 2 things happened with this company. They were very smart at buying a lot of assets in the downturn in the equity market, and if it continues like this, it will give them the opportunity to harvest gains from that. The other thing was that they raised about $100 billion. They have a lot of firepower if something happens to the stock market. Feels the company is worth somewhere between $55 and $60 if things work out. (Analysts’ price target is $34.75.)

Price:
$28.860
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-04-13 TOP PICK CVS-Health-Corp
CVS-N
Paul Harris, CFA

A kind of integrated health care company. It is a pharmacy and has a long-term care business. Trades at 13X earnings. The stock has pulled off from its highs. Has a free cash flow yield of about 7%. They’ve had some issues on the same store sales side over the last while, and he thinks that is stabilizing. On the healthcare side, they need to make a few more acquisitions. Thinks the intrinsic value is somewhere between $90 and $95. Dividend yield of 2.6%. (Analysts’ price target is $87.50.)

Price:
$77.960
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Cerner-Corp.
CERN-Q
John O'Connell, CFA

This basically supplies information technology to hospitals, healthcare systems and ambulatory companies. It has gone through a couple of years where it has shifted from selling software as a package to software as a service. It always takes time to roll over the way your profits are measured, and Wall Street is not patient about those kinds of things. Their revenues and profits have continued to grow. It used to trade at 35X earnings and is now down to around 20X, and represents an exceptionally good value in the healthcare space. (Analysts’ price target is $60.)

Price:
$58.770
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Fortis-Inc.
FTS-T
Christine Poole

Closed on ITC Corp last year, a US electric utility. That increases their exposure in the US. She likes this utility, because it is noncyclical and non-commodity-based. Pretty defensive. 90% of cash flow comes from regulated assets. They’ve increased the dividend for 43 consecutive years, and she doesn’t see that changing. She can see it growing 6% annually through 2021. That is important for income stocks in a potential rising rate environment. Has a price target of about 10% upside plus the dividend, giving a total return of about 13%. Dividend yield of 3.6%. (Analysts’ price target is $48.)

Price:
$44.650
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Alphabet-Inc.--A-
GOOGL-Q
Christine Poole

As the largest search engine, it garners a lot of the digital online advertising. She can see very good secular growth in digital advertising. Corporate advertising budgets have about 35% allocated to digital, and sees that increasing over time. They will garner a big share of that because it is the leading search engine. This is not a value stock, but more of a GARP stock, trading at about a 25 forward PE. Has consistently grown its revenue in excess of 25% organically, and a lot of that is falling to the bottom line. Earnings are also growing at a 25% clip. (Analysts’ price target is $1000.)

Price:
$841.460
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Spartan-Energy-Corp
SPE-T
John O'Connell, CFA

Made a major acquisition of light oil from Arc Resources for $700 million. Management has done everything right. Trading exceptionally cheap compared to its larger cap peers. It is going to start populating itself in larger portfolios. Everybody acknowledges that they have managed this downturn. When he first bought this, they were doing 3000 barrels a day, and are now going to do 21,000 barrels a day this year. They have loads of inventory and don’t need to make any acquisitions. Decline rates are low. (Analysts’ price target is $4.25.)

Price:
$2.630
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Stanley-Works--The
SWK-N
John O'Connell, CFA

A global provider of tools and security systems. Every acquisition they’ve integrated has been flawless. It has been a great, great long-term investment. Great earnings growth and great dividend growth. They always under promise and over deliver. A great way to play the growing economy. Dividend yield of 1.8%. (Analysts’ price target is $140.)

Price:
$132.260
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Toronto-Dominion
TD-T
Christine Poole

Ranks about #7 in terms of domestic deposits in the US. She likes this, because it has lagged the group year to date, and because of its very negative press about overselling, which she doesn’t think is ingrained in their corporate culture. Trading at a premium to historical average by about 1 multiple point higher. Trades at about 1.8 X PB, and its 10-year historical average is about 2X. generates an ROE of about 14%. Dividend yield of 3.6%. (Analysts’ price target is $71.50.)

Price:
$65.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-11 TOP PICK Altus-Group
AIF-T
Ryan Modesto

A real estate advisory consultant firm, and also trying to build end to end software service solutions for real estate data and real estate analytics. This is what the markets are really starting to get interested in now. A higher margin business and recurring revenues. There is a good short term catalyst here, where they actually own 14% of a private company called Real Matters, which sooner or later is going to IPO with a possible $1 billion valuation. Dividend yield of 2%. (Analysts’ price target is $36.50.)

Price:
$30.260
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2017-04-11 TOP PICK Alimentation-Couche-Tard--B-
ATD.B-T
Cole Kachur

This basically owns convenience stores and gas stations globally. There are up to around 13,000-14,000 different entities between Canada, the US and Europe. An acquisition oriented company. The stock came down a little in the last quarter, because their earnings were not that solid because of some integration issues with Esso and 2 other brands they bought. He thinks those will go away and they will be back on the path of growth. Dividend yield of 0.6%. (Analysts’ price target is $74.)

Price:
$60.830
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-04-11 TOP PICK Brookfield-Property-Partners
BPY.UN-T
Cole Kachur

Trading at a substantial discount to NAV. In the properties space, and it is difficult to evaluate all their properties, as values do change. They are getting some better lease rates on some of their properties and disposing of some of their non-core holdings and repositioning those. There is talk of changing to a US REIT which might be positive for them. Dividend yield of 5%, and he could see some growth on this, maybe 10%-12%.

Price:
$30.150
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-04-11 TOP PICK Canadian-Energy-Services--and--Technology
CEU-T
Cole Kachur

This sells drilling fluids and specialty chemicals. Gets about two thirds of revenue from the US, where they are expanding in the Permian play in Texas. Expects they will continue to ramp up. It has had a good run up over the last year, but is down from its highs of around $8.60 or so. He is expecting tremendous upside. Has a price target of $11. He sees continued growth from this sector in the US, and if we get a rebound in Canada as well, this company will be well positioned. (Analysts’ price target is $9.50.)

Price:
$7.520
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-04-11 TOP PICK Knight-Therapeutics
GUD-T
Ryan Modesto

A pharmaceutical company run by Johnson Goodman, who was also the cofounder of Paladin Labs, probably one of the best management teams you can find, and probably one of the best healthcare companies in Canada. Half their market cap is in cash, and they are either investing in the equity of companies, financing companies with debt at attractive interest rates, and/or investing in healthcare funds. These investments get their foot in the door, and then they can license out their products. Half their market cap is in cash, so half their value is doing nothing right now. You have to be patient. It may not do what you want in a year, but over a longer-term period, they are going to create great returns for investors. (Analysts’ price target is $11.00.)

Price:
$10.180
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2017-04-11 TOP PICK Crius-Energy-Trust
KWH.UN-T
Ryan Modesto

This has been a dividend grower over the last year or 2, and plan to grow it in 2017 as well. Currently yielding 7.6%. Payout ratio is about 60%. Not much debt. They are also growing their top line. Their strategy is a bit different in that they use a white label approach. They partner with companies like Comcast (CMCSA-Q) in the US where a company already has a foot in the door. Even if the stock does nothing over the next year, you are still getting a good dividend. (Analysts’ price target is $11.50.)

Price:
$10.240
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
No
2017-04-10 TOP PICK Altagas-Ltd
ALA-T
Gavin Graham

It has been pretty lack luster for the last few years.  A third of its income is from power and utilities, but the market does not care about that.  Their equity raise was oversubscribed.  With their recent acquisition they have said they can get 8-10% increases in dividends after the deal closes.  (Analysts’ target: $36.00).

Price:
$31.120
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BEAR
Owned:
Yes
2017-04-10 TOP PICK Airboss-of-America
BOS-T
Gavin Graham

The biggest rubber compounder.  They are sole supplier for all the chemical and biological resistant boots and gloves for the US and Canadian armed forces.  They will benefit from the pickup in infrastructure spend.  They also do rubber bushings for the auto industry.  (Analysts’ target: $14.00).

Price:
$12.120
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BEAR
Owned:
No
2017-04-10 TOP PICK Open-Text
OTEX-T
Hap (Robert) Sneddon FCSI

There are few pure tech plays that you can have in Canada. This will be a core position in that area. Their story has really been about acquisitions. Thinks the market has not recognized that they do a really good job of recurring revenues, 70% of their business. They’ve made a commitment to double their earnings per share by 2020, and he thinks the current management will do that. (Analysts’ price target is $39.50.)

Price:
$44.520
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-04-10 TOP PICK SNC-Lavalin-Group-Inc.
SNC-T
Hap (Robert) Sneddon FCSI

They have a couple of silos. A pure construction play. They have a mining business which represents quite a small chunk. In 4 or 5 years, this has really been going nowhere. Thinks the worst is behind them. The potential acquisition of Atkin out of the UK good be really accretive. One of the big challenges they have is the street’s view of their guidance going forward and their free cash flow. Feels both of those will be addressed with their acquisition. Dividend yield of 2%. (Analysts’ price target is $64.)

Price:
$54.480
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-04-10 TOP PICK Wal-Mart-Stores-Inc.
WMT-N
Hap (Robert) Sneddon FCSI

There was a weakness in all the defensive names in 2016, but not pronounced as much in this company. The worst is now over and he can see some limited upside, probably running into some resistance at around $83. He has a technical target of around $85. They’ve made some good progress over the last year in changing some of their business lines. A good holding. Dividend yield of 2.8%. (Analysts’ price target is $73.)

Price:
$73.060
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-04-10 TOP PICK ZCL-Composites-Inc.
ZCL-T
Gavin Graham

Fiber reinforced underground plastic fuel storage tanks.  They are moving into water tanks.  There will be growth in the water area.  (Analysts’ target: $14.00).

Price:
$14.670
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BEAR
Owned:
No
2017-04-07 TOP PICK InPlay-Oil-Corp
IPO-T
Josef Schachter

This is a smaller company. A Cardium player in Western Canada. They have a good team. It is currently doing 3600 BOE’s a day and will be north of 4000-4200 by the end of the year. His 12-month target is $3.60. BV is $3. How many times do you buy a good growing company with a good balance sheet that is trading below BV? (Analysts price target is $3.25.)

Price:
$2.020
Subject:
OIL & GAS
Bias:
BEARISH on OIL
Owned:
No
2017-04-07 TOP PICK Pengrowth-Energy
PGF-T
Josef Schachter

This was sitting at over $2 billion in debt. They just announced that they had paid down $500 million. Since then they have made 2 asset sales. Once they pay down the debt, they will be below $900 million. They are still looking to sell the Swan Hills which he thinks they potentially can for $250 million. This will be a company with an equity component of almost $1.8 billion and $600 million in debt, and they have solved the problem. The big thing is that Lindberg is ramping up, and right now they are at about 15,000 BOE’s a day over that, and by the end of the year that number will be 19,000 or 20,000 because they are doing 7 well-pairs to bring it on. They are also moving on phase 2, which will bring production in 2020 to 38,000-39,000 BOE’s a day. Once they have this debt out of the way, they can grow their Montney assets. BV is $2.71 and NAV is $2.75. He has a $3.60 12-month target. The bears are looking at the debt and are missing the point of the rising value of the asset base and the generating of cash. (Analysts price target is $1.75.)

Price:
$1.430
Subject:
OIL & GAS
Bias:
BEARISH on OIL
Owned:
No
2017-04-07 TOP PICK Sea-Dragon-Energy-Inc.
SDX-X
Josef Schachter

This operates with a team out of Egypt. Producing 4000+ barrels a day now that will be 6 or 7 (thousand?) because they are drilling right now. The reason the stock has popped is because of a high impact well they are drilling which could have 400 BCF of gas and/or 100 million of oil. He has a target of $1.20 without any success of the drill bit. If the drill bit comes in, he will be raising his target by at least $1. (Analysts price target is $0.50.)

Price:
$0.900
Subject:
OIL & GAS
Bias:
BEARISH on OIL
Owned:
Yes
2017-04-06 TOP PICK CitiGroup
C-N
Stan Wong

Over the medium term, the shares can and should benefit from rising interest rates, a lighter regulatory environment, as well as a general recovering economy. There is potential for a large capital return back to shareholders. In November, they announced $1.7 billion share buyback instead of dividends. It is very diversified globally speaking, and will benefit from emerging markets like Latin America as well as Asia. Trading at a very cheap valuation in the group. Dividend yield of 1.07%. (Analysts price target is $65.)

Price:
$59.890
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 TOP PICK CBS-Corp
CBS-N
Cameron Hurst

45% of their revenues are from advertising and they are highly correlated with growth in GDP.  They have significant ownership in the content of Showtime (70%).  They are levered to right pieces of the market.  They are returning capital to shareholders.  (Analysts’ target: $74.50).

Price:
$68.880
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 TOP PICK Facebook
FB-Q
Cameron Hurst

Their advertizing is only 15% of online advertising.  It is still early days for them in a growing market.  Valuation is actually very reasonable.  (Analysts’ target: $163.00).

Price:
$141.170
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 TOP PICK SPDR-Euro-STOXX-50-E.T.F.
FEZ-N
Stan Wong

When you look at Europe, ex the UK, this ETF tracks the largest 50 names in the euro zone. The euro stocks generally speaking are cheaper than the North American indices. Trading at 15X forward earnings, while the S&P 500 is trading at 18X.

Price:
$36.120
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 TOP PICK Ingersoll-Rand-Co
IR-N
Cameron Hurst

HVACs: residential and industrial.  They have done a great job.  They have re-domiciled.  2/3rds North American and 1/3rds international.  (Analysts’ target: $85.00).

Price:
$82.670
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 TOP PICK Visa-Inc.
V-N
Stan Wong

This dominates the global market for electronic payments. They account for 50% of all credit card transactions globally. As consumer spending globally continues to grow, this company will take share from cash and cheques. Dividend yield of 0.74%. (Analysts price target is $98.50.)

Price:
$89.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-05 TOP PICK CCL-Industries--B-
CCL.B-T
Brian Madden

In containers, plastics and packaging. Very profitable. It has grown earnings at a torrid pace, 40%+ compound growth rate over the last 5 years. Trading at about 20X earnings. They just closed on the acquisition of Innovia, which is quite profitable and has some very attractive segments such as polymer banknotes, which are very under penetrated globally at about only 3%. Dividend yield of 0.8%. (Analysts’ price target is $325.)

Price:
$286.700
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 TOP PICK Cameco-Corporation
CCO-T
Brian Madden

The real game changer in his view was when the OPEC cartel opted to take about 2 million barrels a day of global oil supply off the market to support prices. The Kazakhstan state owned mining company who controlled 30% of the global uranium supply, curtailed production by 10% in early January, and that immediately tightened the uranium market. The stock actually responded prior to that, so there might be some element of a Trump bump in there. Uranium prices have strengthened from $18 a pound to $23, and long-term prices are much higher. Dividend yield of 2.7%. (Analysts’ price target is $16.)

Price:
$14.600
Subject:
CANADIAN & FIXED INCOME
Bias:
BULLISH
Owned:
Yes
2017-04-05 TOP PICK Kelt-Exploration
KEL-T
Dennis da Silva

Liquids rich gas. A well-regarded management team. Impeccable track record of execution. They focused on acquiring their 640,000 acres through the downturn. They weren’t focused on costs and efficiencies yet. Thinks 2017 will be a critical year where they now refocus their attention on cost efficiencies and show people the prospectivity of the land. NAV is quite high and people were wondering when they were going to grow into that, and he thinks 2017 is the start of that. (Analysts’ price target is $8.75.)

Price:
$7.030
Subject:
CANADIAN RESOURCES
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 60 of 23,769 entries
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