2010 Review and Looking Forward to 2011

 

This is the last blog for 2010 so I wanted to review a few selections. Overall, in my personal portfolio, I made 35 trades to date of which 27 were successful. I’m still holding some Research in Motion (RIM) which is still under my purchase price but I’ll probably hold into the new year. I can offset purchase price by selling covered calls to pay me while I wait.

While the constant theme recommended most often is a narrow group of financial, telecom, energy, mining & agriculture stocks, I must admit I’m reasonably pleased with the majority of my repeated picks throughout the year.

Top repeated recommendations which did very well since their initial mention include: Agrium (AGU), Agnico Eagle (AEM), BCE, Canadian Natural Resources (CNQ), Cenovus (CVE), Crescent Point Energy (CPG), Potash (POT), Research in Motion (RIM), Teck Resources (TCK.B) & Telus (T).   

Other stock recommended rather infrequently  but at much lower levels include: Lululemon (LLL), Pengrowth (PGF.UN), Silver Wheaton (SLW), Transcanada (TRP), TSX (X), & Yellow pages (YLO.UN).

Income recommendations including: Preferred shares of Bombardier, Brookfield Properties, Canadian Western Bank, Manulife & Sunlife did extremely well for their category, many increasing over 10% with payouts and share price increase included.

Value Recommendations going forward: It’s early in the season but December to April are usually very strong months for the market. For value picks with strong dividends, take note of Bank of Montreal (BMO), BCE, Royal (RY), Rogers (RCI.B) & Toronto Dominion (TD). Bank of Montreal suffered a 6.06% hit this week owing to a purchase and could be picked up at a good price. Royal (RY) & TD are stellar corporations priced attractively.

Growth Recommendations going forward: Again it’s early in the season to predict but watch the following for price dips: Agrium (AGU), Agnico Eagle (AEM), Canadian Natural Resources (CNQ), Labrador Iron Ore (LIF.UN), Potash (POT), Research in Motion (RIM), Silver Wheaton (SLW), & Teck (TCK.B).

Remember:  Trust unit conversion is December 31st – Big opportunities could unfold in the mayhem (?) that follows.

To all my loyal readers and the many associated twitter members that connect to this site, I wish you a happy, healthy and successful new year.

 

 

Canadian Large Cap Stocks: Opportunities Ahead

A number of large cap stocks hit new 52 week highs this past week in numerous categories: Mining, Precious Metals, Energy & Banking;  before settling back a few points by week’s end. The momentum of these stocks of late should be an indication of their potential for forward  movement in the future.
Here are my top mid-long term GROWTH picks:

Precious Metals: Agnico Eagle (AEM) & Silver Wheaton (SLW). Mining: Labrador Iron Ore Units (LIF.UN) & Teck Resources (TCK.B). Energy: Canadian Natural Resources (CNQ) & Cenovus (CVE). Financials: CIBC (CM) & National Bank (NA). Telecom: BCE. Other: Research in Motion (RIM).

Here are my top mid-long term VALUE picks: Based upon recent price weakness.

Financials: Bank of Montreal (BMO), Royal (RY) & Toronto Dominion (TD). Telecom: Rogers (RCI.B) & Telus (T). Agriculture: Agrium (AGU) & Potash (POT)

My second tier of mid-long term picks include the following GROWTH & VALUE stocks organized alphabetically: Barrick Gold (ABX), Scotia Bank (BNS), Brookfield Properties (BPO), Canadian National Rail (CNR), Canadian Pacific (CP), Crescent Point Energy (CPG), Kinross (K), Nexen (NXY), Suncor (SU), Talisman(TLM), & TransCanada (TRP).

Recent top recommendation Research in Motion (RIM) is announcing quarterly results this Thursday. The stock often gyrates greatly during these periods. Best to have protective stops and possibly purchase inexpensive PUTS & CALLS to buffer your position. Have a great week ahead.

Canadian Large Cap Stocks: Opportunities Moving Forward

Last week I incorrectly recommended to wait for a pullback before jumping back into market.  However, I did note that readers should be open to price movements to capitalize on opportunities. Irrespective, my 5 stocks recommendations for purchase increased 4.85% versus the TSX Composite 2.22% gain.

Top gainer was Teck (TCK.B) +11.41%. Sole loser was Potash (POT) -0.63%.

While many stocks recorded big gains, including Mining, Precious Metals and some Energy, other industries recorded substantial losses worth taking advantage of. These include financials, telecom and a few energy selections. This past week, I purchased on weakness Bank of Montreal (BMO) and Rogers (RCI.B). Both Royal Bank (RY) and Toronto Dominion (TD) suffered over 3% in losses and would be recommended for accumulating at these lower prices. CIBC (CM) has been very hot of late and should be picked up on price dips. A speculative stock worth watching is Canadian Oil Sands Trust (COS.UN) which suffered a 7.6% price drop owing to news of shrinking dividend payouts with the trust unit conversions scheduled for January 1^st. Recntly recommended hot stock Labrador Iron Ore Units (LIF.UN) should remain on the watch list for price dips. Add Teck (TCK.B) to that list although the stock although the stock has run up quite a bit of late. Last to be highlighted for purchase include Agrium (AGU),Potash (POT) & Research in Motion (RIM). Have a great week ahead.