Canadian Large Cap Stock Oppotunities

Two Consecutive Negative Weeks on the TSX offers up some opportunities. Resource plays have declined with the big Banks also closing off their highs. Some Trades I made this Past Week include:  Purchased CNQ @ $72.36, $72.25, $72.14 & $72.10. With previous purchases my new average cost is $72.96. It closed the week @ $71.89. I also purchased TLM @ $17.16 reducing my overall cost to $17.54. It closed the week at $16.87. I also sold BNS @ $51.84 which was purchased at $49.49. It closed the week @ $51.05.

Recommendations for the Week Ahead include:

• Energy Sector: Canadian Natural Resources (CNQ) $71.89, Encana (ECA) $30.35, Cenovus (CVE) $25.11, Talisman (TLM) $16.87.
• Mining Sector: Agnico Eagle (AEM) $57.09, Barrick (ABX) $38.42, Goldcorp (G) $38.08, Kinross (K) $17.47, Agrium (AGU) $72.23, & Potash (POT) $124.06.
• Financial Sector: Bank of Nova Scotia (BNS) $51.05, CIBM (CM) $74.93, National (NA) $61.92, Royal (RY) $59.82, Toronto Dominion (TD) $76.00, Sunlife (SLF) $32.95, & TSX Group (X) $29.56.

Longer Term Recommendations for Income include: BCE $30.16, Manitoba Tel (MBT) $31.50, Cineplex Galaxy Units (CGX.UN) $19.44, Crescent Point Energy (CPG) $38.88, & TransCanada Corp (TRP) $37.18. Some nice opportunities have opened up.

Wishing you a great week ahead, Warren. 

Canadian Large Cap Stock Opportunities Ahead

Only 10 of the 19 Common Stocks Highlighted for Growth Last Week (March 14) increased in price week over week. However, all but one (Encana – ECA) were above closing price at some point. Also 8 out of these 19 Stocks hit new 52 week highs including: Bank of Montreal (BMO), Bank of Nova Scotia (BNS), CIBC (CM), Royal Bank (RY), Toronto Dominion (TD), Power Financial (PWF), Agrium (AGU) & TransCanada Corp (TRP).

Top Recommendations based upon Price Weakness include: Encana (ECA) down 8.27% this past week to close at $31.37 (I purchased some for average cost of $32.17) and Talisman (TLM) down 7.32% to close at $17.48 (I sold my position last week @ $19.34 and repurchased some yesterday @ $17.72). Other recommendations based upon general price weakness include: Agnico Eagle (AEM) $58.50, Cenovus (CVE) $25.36 & Suncor (SU) $31.28.

Ongoing Recommendations include: Agrium (AGU) $71.72, Canadian Natural Resources (CNQ) $73.23 & National Bank (NA) $63.12.

Income Recommendations include: BCE $30.37 paying 5.73% dividend, Manitoba Tel (MBT) $31.60 paying 8.23% & Cineplex Galaxy Income (CGX.UN) $19.44 paying 6.48%. Keep an eye on the major banks and for any pullbacks. Others on watch list include Potash (POT), Teck (TCK.B) & Sunlife (SLF).

My trades this past week include: Sold RY @ $59.36 (cost $57.71). Sold CNQ @ $74.68 (cost $73.32) & repurchased @ $73.32. Good hunting, Warren. 

Canadian Large Cap Stock Picks for the Week Ahead

Only 12 of the 25 Common Stocks Recommended Last Week (March 7) increased in price week over week. However, all 25 were over their closing price at some point during the week. 9 of the 25 Stocks hit new 52 week highs including: Royal Bank (RY), Toronto Dominion (TD) , Power Financial (PWF), Bell Canada (BCE), Telus (T), Teck Cominco (TCK.B) plus 3 new picks: Bank of Nova Scotia (BNS), CIBC (CM) & Agrium (AGU).

Top Immediate Picks for the Week Ahead (based on price weakness over the past week) include: Encana (ECA) & National Bank (NA).

Ongoing Top Picks include: Canadian Natural Resources (CNQ), Bank of Nova Scotia (BNS) & Royal Bank (RY).

Recommendations for Longer Term Accumulation include: Suncor (SU), Talisman (TLM), CIBC (CM), Telus (T), & Crescent Point Energy (CPG) which also pays more than 7% in a monthly distributed dividend.

Recommendations for Longer Term Accumulation based upon Potential Price Weakness (buy on dips)include: Bank of Montreal (BMO), Toronto Dominion (TD), Agrium (AGU), Potash (POT), Teck Cominco (TCK.B), Power Financial (PWF), Sunlife (SLF), TSX Group (X), & Trans Canada Pipeline (TRP).

New Opportunities for Income include: Brookfield Properties (BPO) converting to an income trust, H&R (HR.UN) & Riocan (REI.UN), Cineplex Galaxy (CGX.UN) and Shaw Communications (SJR.B). I purchased all of these including TRP for a family member’s RSP this past week. I also purchased RY in my margin, RSP and wife’s RSP accounts this past week. Keep an eye on the top 5 picks in particular. Good luck in the week ahead, Warren.

Candian Large Cap Stock Recommendations for Spring 2010

 

19 of the 21 Common Stocks Recommended Last Week (Feb. 28) have increased in price. Top Energy Pick Suncor (SU) increased 4.83%, along with the 4 Major Banks included as Top Picks; National (NA) up 3.8%, Royal (RY) + 2.08%, TD + 4.10%, and newly added CIBC (CM) + 5.41%.

Precious Metal & Mining Stocks including Agnico (AEM), Goldcorp (G), Kinross (K), Teck Cominco (TCK.B) all increased between 3.24% - 4.57%. Newly added Barrick Gold (ABX) increased 4.79%.

High Yielding Dividend Stocks including Bell (BCE) + 4.04%, Power Financial (PWF) + 3.77% and newly added Telus (T) + 3.77%.  

4 Stocks reached fresh 52 Week Highs including CM, TD, BCE & PWF. 12 of the 21 Stock Recommendations will be declaring dividends in March.

Momentum Recommendations include ongoing picks Canadian Natural Resources (CNQ), Encana (ECA), Suncor (SU), BCE, and all the major banks listed above plus Bank of Nova Scotia (BNS).

Balance of the Recommendations include all the other stocks listed last week. Names not mentioned above include Nexen (NXY), Talisman (TLM), Canadian Oil Sands Trust (COS.UN), Cenovus Energy (DVE), Crescent Point Energy (CPG). New Additions include Agrium (AGU) & Potash (POT) both showing strong price action of late.

New Issue for income worth noting is Brookfield Asset Management’s 5.20% September 8, 2016 unsecured senior bond.

Try to purchase any of the above stocks on price dips if possible. CNQ & RY might have nice entry points for quick profits. Good luck, Warren