Since Last Blog (Jan. 31) 14 of the 16 Growth Opportunity Stocks I recommended have increased in price. Six stocks increased by more than 8%, including AEM (13.73%), AGU (12.40%), G (8.58%), IMG (9.72%), K (11.50%), POT (11.31%) & TCK.B (8.20%). One stock, Suncor (SU) took a substantial 8.62% decline. I would therefore rate this stock a strong long term buying opportunity.
Dividend paying Stocks I recommended remained mostly flat. BCE jumped 6.04% while MBT dropped 7.00%. As such, I would also recommend MBT as a long term buying opportunity for income (8.26% dividend). I purchased some this week for a family member @ $30.85, it closed @ $31.48.
Recent Purchases I made include CNQ @ $69.19 & $69.80 ($70.88 close). Recent Sales I made for family members include Cenovus Energy (CVE) @ $26.90 ($25.10 close) & TLM @ $20.77 ($18.27 close).
New Stock Opportunities include: Cenovus (CVE) @ $25.10 hit a 52 week low @ $24.50 and pays an annual 3.2% dividend the stock x-div as of March 11. TSX Group (X) also hit a 52 week low @ $27.79 (close $29.35) and pays an annual 5.18% dividend x-div as of February 24. As noted above, keep a close eye on Suncor ($30.85) & MBT ($31.48). Both insurance giants Manulife (MFC) @ $18.98 & Sunlife (SLF) @ $30.11 have shown weak earnings and price performance. SLF also pays a 4.70% dividend.
Ongoing Recommendations include: CNQ, ECA, AEM, & G. Both Nexen (NXY) & Talisman (TLM) have shown some price weakness which could be a buying opportunity. Many stocks closed Friday at their weekly highs which could make for a small dip to open the week. It’s a volatile market with opportunities arising and disappearing rather quickly.
Keep a close watch and best of luck, Warren.
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