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
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