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.
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