Sunday, June 20, 2010

Canadian Large Cap Stock Recommendations for June 2010

Sunday, June 20, 2010

 

28 of 30 Stocks Highlighted last blog (June 13) increased in price. The overall portfolio increased 2.6% versus the TSX Composite of 2.2%. 4 of the top 13 recommendations hit new 52 week highs including: Canadian National Railway (CNR), Eldorado Gold (ELD), Lululemon (LLL) and SXC Health (SXC).

Overall Top Performers included: Iamgold (IMG) +5.74%, Power Corp (POW) +5.72%, Power Financial (PWF) +5.58%, Telus (T) +5.38%, AGF.B +4.96%, Lululemon (LLL) +4.80%, and Eldorado Gold (ELD) +4.30%.

This past week I purchased: AGF.B @ $15.19 (close $15.03), Bombardier Preferred D (BBD.PR.D) @ $18.20 ($18.16), Gildan Activewear (GIL) @ $32.23 ($32.65), Lululemon (LLL) @ $42.61 ($45.17), Nexen (NXY) $22.84 ($22.59), and Talisman (TLM) $17.65 ($17.65).

Top Short-Term Momentum Recommendations include: Eldorado Gold (ELD), Iamgold (IMG), Bank of Montreal (BMO), Canadian National Rail (CNR), Lululemon (LLL), & Gildan Activewear (GIL).

2nd Tier Recommendations include: Transport: Canadian Pacific (CP); Energy: Canadian Natural Resources (CNQ), Nexen (NXY), Suncor (SU), Talisman (TLM); Precious Metals: Agnico Eagle (AEM), Barrick Gold (ABX), Goldcorp (G); Financials: National Bank (NA), Royal Bank (RY), Toronto Dominion (TD);

Income: Telecom: BCE, Rogers (RCI.B), Telus (T); Trust Units: Pengrowth (PGF.UN), Yellow Pages (YLO.UN). Watch List:  Teck Resources (TCK.B).

Market could be a near a short term top so remain cautious. Happy Fathers Day and have a great week, Warren.  

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