Assess before you invest!

LULU Rally Unjustified

Lululemon has seen an upward trajectory recently increasing from $220 to $305 per share in less than a month. Earnings are fast approaching and due for release Thursday, June 11 where investors will get insight on the impact of COVID 19 sales. It is hard to justify this pandemic having a positive spin on LULU sales as unemployment spikes, malls shut down, and businesses such as dance and yoga close doors in efforts to contain the virus spread.

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Buyers Beware: Shopify is Not the Next Amazon

Shares in Shopify (SHOP-T) reached new all time highs and recently became the most valued stock on the TSX in Canada by market cap. The shares traded 6.94% higher to close at $1034.32, giving the stock a market cap of 121.26 Billion. That was enough to beat out Royal Bank of Canada (RY-T) which closed at a share price of $84.62 with a market cap of 120.50 Billion. If you are thinking of purchasing Shopify shares, buyers beware, Shopify is not the next Amazon.

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AMD Premium Price May Tank if Earnings Don’t Excite

AMD will report first quarter earnings on April 28, 2020. This premium priced stock has been one of the best performing companies on the S&P 500 over the past few years. Investors should be cautious purchasing near all time highs and consider complications if the company misses earnings. Today the stock is trading at $56.60 and has a market cap of 66 billion.

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Now is Not the Time to Panic

Today is March 16, 2020 and it feels like the end of the world as we know it. Markets continue dropping with uncertainty surrounding the spread of COVID-19 and economic policies to help curtail a potential looming recession. The market correction we are witnessing is happening at faster paces than we have seen before. This isn’t a time to let panic set in.

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Top Picks 2020 Recap

2019 is set to close with one more trading day, opening up predictions for 2020. For 2020, I’m taking a more conservative outlook as the market is near all time highs. Here are a few companies I think may perform well in 2020.

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Flyht Aerospace Solutions – The Future in Flight Saftey

I’ve been a holder of Flyht Aerospace Solutions for some time but until recent I haven’t been bullish on the stock. After coming off highs of $2.70 a few years ago the stock dropped below $1.00 and since recovered to $1.72. The company reported earnings Wednesday which saw revenue increase across segments and net income of $1,037,326.

Lets take a closer look at the company.

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Looking for Income? BCE Preferred Ab Shares

If you are afraid of a market correction and looking for safer alternatives to park some cash, consider preferred shares. Preferred shares trade on the market indexes like stocks but their main attraction is bond like payouts in the form of dividends. Depending on the preferred share chosen, the dividend can be paid out quarterly or monthly, and will feature either a fixed rate or floating rate dividend.

Let’s take a look at BCE preferred Ab shares, currently trading on the TSX for $15.03. This preferred share features a monthly floating rate dividend of $0.08229/share. This equates into a yield of 6.57% on an annualized basis. Given the fact bond yields have been decreasing due to low interest environments these preferred shares can provide a good alternative to yield investments – while providing safety and capital gains.

Before you invest in preferred shares, here are some things you should know:

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Linamar Reaches New Lows

Shares of Linamar touched below $38.00 in trading Friday after reporting earnings a day earlier. During the quarter the company posted EPS of $2.40, down from $2.93 a year ago. Sales came in lower at 2.086 billion compared to 2.157 billion. Linamar operates in a cyclical industry where manufacturing slow down can play a significant role in sales and earnings. Let’s not all hit the sell button just yet.

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West Jet back on Radar

West Jet released disappointing earnings on October 30, 2018, posting net earnings of only $0.40 per diluted share during the quarter compared to $1.15 per share in last years quarter. This sent the stock dropping from over $20 to under $18. Today the stock can be purchased for $18.60 and further improving conditions could see the stock move higher.

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Canada Goose – Buy the Growth or Short Fundamentals?

Canada Goose (GOOS-T) has been a hidden apparel gem these past few years for investors while other apparel companies have been pressured. Yesterday’s earnings announcement confirmed why investors love this stock: increased revenue, increased net earnings, and increased margins year over year. The company has an established consumer base that is willing to spend for a premium style product.

Upon the earnings release the company quickly opened up and gained more than 21% from the previous days trading price, hitting a new 52-week high of $95.58. How ever these gains would eventually pull back and see the company close up only 9.82% at $85.09 a share.

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