While Stock Sentiment has improved this past week, overall caution is recommended for summer trading.
Below you’ll find a selection of stocks that have:
- Outperformed the market since the correction
- Provide strong and safe defensive dividend payouts
- Will outperform during strong markets
Stocks that have outperformed the market since correction with dividends include:
- BCE +3.07%
- Canadian National Rail (CNR) -0.65%
- Canadian Pacific (CP) +0.13%
- Cenvous Energy (CVE) +2.05%
- Encana (ECA) +6.63%
- Lululemon (LLL) -1.26%
- Shaw Communications (SJR.B) +3.19%
- SXC Healthcare (SXC) +11.08%
- Telus (T) +0.65%
- Talisman (TLM) +1.56%
These would all be recommended as Buys.
Precious Metal Stocks have also outperformed since the correction, the top Large Cap selections and recommendations being:
- Eldorado Gold (ELD) +25.88%
- Goldcorp (G) +13.59%
- Iamgold (IMG) +11.84%
Defensive Stock Picks with High Dividend Payouts include:
- Bell Alliant (BA.UN) 11.41%
- Bank of Montreal (BMO) 4.58%
- Crescent Point Energy (CPG) 7.17%
- National Bank (NA) 4.33%
- Pengrowth (PGF.UN) 8.43%
- Riocan (REI.UN) 7.39%
- Transcanada (TRP) 4.44%
- Yellow Pages (YLO.UN) 13.06%
Defensive Stocks on Watch List: Based on recent weak performances, the following should be watched for accumulating on value:
- AGF Management (AGF.B) 7.26% dividend
- Great West Life (GWO) 5.00%
- Manulife (MFC) 3.15%
- Power Corp (POW) 4.48%
- Power Financial (PWF) 5.04%
- Royal Bank (RY) 3.77%
- Toronto Dominion (TD) 3.46%
Stocks to Outperform during Positive Markets include:
- Canadian Natural Resources (CNQ)
- Lululemon (LLL)
- SXC Healthcare (SXC)
- Teck (TCK.B)
Remain cautious, sell on strength and maintain substantial funds in cash. Have a great week ahead, Warren.
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