Seven Stocks have been recommended every week over the past six weeks (since Sep. 26). 3 of the 5 high dividend paying stocks recommended to accumulate on weakness have increased including Telus (T), Royal Bank (RY) & TD. BCE, the one dividend accumulate stock is near the same price while Rogers (RCI.B) lost 6.67%. The two growth stocks recommended have both increased substantially including Canadian Natural Resources (CNQ) +16.21% & Nexen (NXY) +9.13%.
Four Stocks have been recommended five times over the past six weeks. Bank of Montreal (BMO) the one dividend paying stock to accumulate rose in price while two of the three growth stocks increased markedly. These include Talisman (TLM) +18.29% & Teck Resources (TCK.B) +23.20%. Potash (POT), the one loser, was re-categorized as a speculative long term buy on October 24th owing to the unknown outcome of the hostile takeover by BHP. However, I did predict that the takeover would not go through.
Three Stocks have been recommended four times over the past six weeks. One being Agrium (AGU) recommended at $76.50 and removed from recommendation list when it hit $90.22. The stock closed this week at $85.21. Suncor (SU) increased 11.05%. The third stock Research in Motion (RIM), was recommended at $49.98 and has increased 11.34%. While it has traded much higher of late ($58.66 versus closing price of $55.65) the stock was re-categorized as a long term buy after the sharp run up at the close of October.
Recommendations going forward include: Income: The same five stocks as listed above: BCE, RCI.B, T, RY & TD. Growth: The same five stocks as listed above (try to buy on weakness): CNQ, NXY, SU, TLM & TCK.B. Speculative Long Term Growth: The same as above including AGU, POT & RIM. November and December are traditionally strong months for the market. While many stocks have moved close to their 52 week highs, certain opportunities are unfolding with the improved investor mood now that US elections are out of the way. Have a great week ahead.
0 comments:
Post a Comment