A brief mid-week blog to begin 2011. Looking back on top picks made exactly 1 year ago (Sunday January 10), 15 of 22 stocks selected increased for an unweighted average price gain of 15.19%. Combined with dividends, 17 of 22 stocks increased with the overall portfolio gaining 19.55%. Average dividend payout for the 22 stocks was 4.36%. Top performers not including dividends were: Teck Resources (TCK.B) +53.72%, Labrador Iron Ore Units (LIF.UN) +52.98%, Vermillion Energy (VET.UN) +34.94%, Penn West (PWT) +34.37%, Agrium (AGU) +30.89%, Potash (POT) +30.34%, BCE +27.81%, & Pengrowth (PGF) +25.71%. Top losers not including dividends were: Encana (ECA) -17.64%, Manulife (MFC) -15.82%, and Husky (HSE) -11.67%.
Going forward it appears that the US economy is improving and confidence in the markets is building. With China and Asia looking strong, demand for resources should remain relatively high. Keep an eye on energy, mining and agriculture. I recently purchased Canadian Natural Resources (CNQ) on weakness owing to a fire in one of their main coking plants. Strong growth recommendations on weakness include: Agrium (AGU), Labrador Iron Ore (LIF.UN), Potash (POT), Teck Resources (TCK.B), & Talisman (TLM). Income recommendations include BCE, Telus (T), Crescent Point Energy (CPG), and some banks including: Bank of Montreal (BMO), National Bank (NA), Royal Bank (RY) & Toronto Dominion (TD).
Speculative recommendation includes: Grande Cache Coal (GCE), Research In Motion (RIM) & TSX Group (X). Will follow up shortly and happy new year.
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