Canadian Large Cap Stock Recommendations

 

18 of the 21 Large Cap Stock Recommendations of last blog (April 11) increased in price. 9 of 10 Growth Stocks increased with an average gain of 2.25%. 9 of 11 Income Recommendations increased with an average gain of 2.08%. Overall portfolio gained 2.14% versus TSX Composite gain of 1.40%. Top gainers included: Athabaska Oil Sands (ATH) +4.69%, Crescent Point Energy (CPG) +4.98%, Encana (ECA) +3.81%, Husky Energy (HSE) +4.73%, Riocan Income Units (REI.UN) +3.86%, & Talisman (TLM) +4.00%. Other nice gains included: BCE +2.77%, Suncor (SU) +2.83%, Telus (T) +2.83%, & Teck Cominco (TCK.B) +2.58%.

I purchased in several accounts the following stocks on weakness including:  Agrium (AGU) @ $62.88 & $62.96 (close $62.51) & TCK.B @ $41.75 & $42.00 (close $43.77). I also purchased Canadian Natural Resources @ $75.77 & later sold it @ $78.55 (close $78.50).

Large Cap Canadian Growth Stock Recommendations for the weeks ahead include: Energy Sector: Athabaska Oil Sands (ATH), Canadian Natural (CNQ), Cenovus Energy (CVE), Encana (ECA), Suncor (SU), & Talisman (TLM). Mining Sector: Agnico Eagle (AEM), Goldcorp (G), Kinross (K) & Teck (TCK.B). Agriculture: Agrium (AGU) Potash )POT) & Vitera (VT). Financials: Bank of Nova Scotia (BNS), Royal Bank (RY), Toronto Dominon (TD) & TSX (X). Addditional Income Recommendations: BCE, Cineplex Galaxy (CGX.UN), Power Financial (PWF), Rogers (RCI.B), Sunlife (SLF), Telus (T), & TransCanada (TRP).  Stay cautious and be open to buying on dips. Good luck and good hunting, Warren.

A Difficult Week Ahead?

6 of 9 Growth & Income Stocks recommended last blog (April 11) increased in price. Only 1 of 4 Long Term Buy & Hold picks increased. At some point, all stocks were well above their Friday closing price. With the markets displaying some short term disarray, I’ll not make any major short term picks for just the week ahead. Big winners were RY +3.54% & TD +2.68%. Big losers were AGU -8.18%, POT -5.67% & TLM -5.42%. Portfolio decrease -0.35% while TSX -0.76%.

My purchases this past week on dips included: Canadian Natural Resources (CNQ) @ $76.66 & $76.68 (closed @ $77.06), Encana (ECA) @ $31.80 & $31.81 (closed $31.47), Athabaska Oil Sand (ATH) @ $14.41 ($13.85), Bank of Montreal (BMO) @ $61.31 ($63.83), Royal (RY) @ $58.97 ($61.37), Toronto Dominion (TD) @ $74.47 ($76.13), & Potash (POT) @ $115.78 ($109.05). The Major Banks did very nicely and I’d wait for a little pullback before repurchasing.

Growth Stock Recommendations going forward include: Canadian Natural Resources (CNQ), Encana (ECA), Talisman (TLM) & Teck Cominco (TCK.B).

Watch List includes (Wait for Presumed Pullbacks !) Agrium (AGU), Agnico Eagle (AEM), Barrick (ABX), Potash (POT), Suncor (SU) & Athabaska (ATH).

Income Recommendations include: Bell Alliant (BA.UN), BCE, Brookfield Properties (BPO), Cineplex galaxy (CGX.UN), Crescent Point Energy (CPG), Riocan (REI.UN), Telus (T), Transcanada (TRP). Newly Added: Husky (HSE), Power Financial (PWF), Sunlife (SLF) & TSX (X). Be conservative, Warren.

Beating the TSX Composite

While only 9 of 19 Stocks recommended last blog (April 4) increased in price the week over week, the average gain of 0.73% beat the TSX Composite gain of 0.21%. The 5 additional stocks recommended 2 weeks ago all increased in price. 5 of the 24 Stocks hit new 52 Week Highs including: Canadian Natural Resources (CNQ), Crescent Point Energy (CPG), Cineplex Galaxy Income (CGX.UN), Teck Cominco (TCK.B), and TransCanada Corp (TRP).

Big Gainers included: Agnico Eagle (AEM) +5.68%, Barrick Gold (ABX) +4.48%, Crescent Point Energy (CPG) +3.11%, Goldcorp (G) +3.22%, Kinross (K) +5.24%, & Suncor (SU) +3.32%. All 4 Financial and 2 Agriculture recommendations suffered losses over the week.

Top Recommendations for the Week Ahead include: Canadian Natural Resources (CNQ), National Bank (NA), Potash (POT) and TD Bank. These are short (to long term) recommendations. I might wait for a small pullback but also watch Mining and Precious Metal Stocks including all those mentioned above.

Longer Term (Buy & Hold) Recommendations include: Agrium (AGU), Encana (ECA), Royal Bank (RY), Suncor (SU), & Talisman (TLM).

Longer term Income Recommendations include: Bell Alliant (BA.UN) paying 11.24%, BCE @5.82%, Brookfield Properties (BPO) @3.58%, Cineplex Galaxy (CGX.UN) @6.15%, Riocan (REI.UN) @7.50%, and Telus (T) @5.03%. Looks like the market is still trending higher. Have a great week ahead, Warren

 

 

Big Gains Past

 

17 of the 22 Stocks Recommended Last Blog (March 28) increased in value. Average gain for both growth and income stocks was 1.98%. Including declared dividends the average was 2.15%. Meanwhile the TSX gained 1.62%.

Notable Big Winners included: Canadian Natural Resources (CNQ) + 8.83%, Cenovus Energy (CVE) + 11.99%, Encana (ECA) + 5.40%, Talisman (TLM) +5.99%,

& Barrick Gold (ABX) + 3.36%. In the income group, Manitoba Tel (MBT) increased 3.71% while Cineplex Galaxy Units (CGX.UN) increased 2.71% and hit a new 52 week high. Notable Loser included Potash (POT) which lost 4.38%.

Recently mentioned (2 blogs ago) Notables included: Suncor (SU) + 11.25% & Teck Cominco (TCK.B) + 9.58%. Recent blogs also highlighted Nexen (NXY) +7.52% & Canadian Oil Sands Trust (COS.UN) + 11.93%.

Recommendations Going Forward are tougher to predict short term, owing to recent strong run ups of perennial favourite resource stocks. Will CNQ and TCK.B pull back for opportunities to get back in, drift lower or continue the strong price momentum forward ?  Same can be asked of NXY & SU. Overall and owing to previous weeks’ past weaknesses, I still like Encana (ECA), Talisman (TLM), Agnico Eagle (AEM), Barrick (ABX), Kinross (K), Agrium (AGU) & Potash (POT). After the particularly poor showing this past week, Potash looks ready for some short term movement forward. In the financial sector, I still like Royal Bank (RY), Sunlife (SLF), TD & TSX Group (X). For income, both BCE & Crescent Point Energy (CPG) continue to look strong going forward. Also Bell Alliant Units (BA.UN) making 11.4% payouts & Riocan (REI.UN) which will not convert back to a corporation in 2011, paying 7.42% look well suited for Tax Free Savings Accounts. Keep a close watch on this past week’s big movers for their direction forward. Could be more big wins or losses (opportunities). Good luck in the week ahead. Happy holidays to all my readers. Nice to have you aboard. Regards, Warren