Top 5 Canadian Stocks To Invest In Right Now


Berkshire Hathaway, the conglomerate controlled by Warren Buffett, agreed Wednesday to buy a stake in the troubled Canadian mortgage lenderHome Capital Group in a $1.8 billionrescue plan.

Berkshire will pay $300.7million for a 38.4% stake of the Toronto-based company and extend a $1.5 billion line of credit.

“This investment from Berkshire not only addresses Home Capitals near-term requirements for additional liquidity and a lower-cost credit agreement, but also facilitates what the Board feels is the best available path to long-term success,” said Brenda Eprile, chair of Home Capital’s board of directors, in a statement.


In recent years, Home Capital has repeatedly missed its financial guidance amid weaker loan volumes and declining income. In March, the company also revealed that several executives and directors have received enforcement notices from the Ontario Securities Commission related to its disclosure practices and stock trades.

Top 5 Canadian Stocks To Invest In Right Now: Safeway Inc.(SWY)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows shares of small cap SUPERVALU now underperforming large cap Kroger Co (NYSE: KR) while shares of large cap Whole Foods Market, Inc (NASDAQ: WFM) and mid cap Safeway Inc (NYSE: SWY) appear to be back to where they started at:

  • [By Peter Graham]

    A long term performance chart shows shares of SUPERVALU underperforming the underperformance ofmid caps Whole Foods Market, Inc (NASDAQ: WFM) and Safeway Inc (NYSE: SWY). while large capKroger Co (NYSE: KR)had outperformed up until the last two years when performance has been more mixed:

Top 5 Canadian Stocks To Invest In Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Casey Wilson]

    It looks like investors are hating the company, too. Shares of CMG are down 23% year to date (YTD).


    Most-Hated Companies 2016 No. 4: Wells Fargo & Co. (NYSE: WFC)

    Wells Fargo became the target of nationwide fury in September after it was revealed account executives opened up over 2 million fraudulent accounts without customer consent.

  • [By Ben Levisohn]

    Earnings season is getting underway this week, with big banks JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) announcing their results on Friday. They’ll be followed by Citigroup (C) and Morgan Stanley (MS) on Jan. 17, and Goldman Sachs (GS) on Jan. 18.

  • [By Todd Shriber, ETF Professor]

    Well-known stocks in that group include JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co (NYSE: WFC) and Bank of America Corp. (NYSE: BAC).

  • [By Ben Levisohn]

    Guggenheim’s Eric Wasserstrom and Jeff Cantwell offer four reasons they cut Wells Fargo (WFC) to Sell from Neutral:

    Photo: Justin Sullivan/Getty Images

    We are downgradingWells Fargo to SELL with a $47 target. Our downgrade reflects: 1) The current share price is now in excess of all of our valuation scenarios, including our 2017, 2018 and Bull Case EPS forecasts. 2) Our 2017E-18E EPS remain 5% below consensus, reflecting our outlook for higher legal and compliance costs as a result of the remediation of the company’s disclosed fraudulent retail account activity. 3) While the shares’ valuation remain modestly below its historical level relative to the peer group, we believe our outlook for earnings compression should truncate further revaluation. 4) We also believe that some of the stock’s recent multiple expansion reflects the view thatWells Fargo may face less legal risk from the Dept. of Justice in the incoming presidential administration; in contrast, we believe the DoJ will actively pursue post-financial crisis malfeasance like that disclosed at Wells Fargo.


    Shares of Wells Fargo have dropped 2.2% to $52.08 at 2:17 p.m. today, while the SPDR S&P Bank ETF (KBE) has risen 0.1% to $40.05, and the Financial Select Sector SPDR ETF (XLF) has fallen 0.7% to $22.06.

    Guggenheim also downgraded Bank of America (BAC) today.

Top 5 Canadian Stocks To Invest In Right Now: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) , Schlumberger (SLB) , Encana (ECA) , Arconic (ARNC) and AdvanSix (ASIX) .


    Cramer was bearish on U.S. Silica Holdings (SLCA) .

  • [By Money Morning News Team]

    Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.

  • [By Paul Ausick]

    Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.

Top 5 Canadian Stocks To Invest In Right Now: Silver Wheaton Corp(SLW)


Advisors’ Opinion:

  • [By Rich Duprey]

    Silver Wheaton (NYSE:SLW), of course, is a streamer like Sandstorm and Franco, but it is the largest in the precious-metals industry, and arguably the best-known, because its business model came to define what streaming is. Although it is known primarily for its silver contracts, Silver Wheaton also has sizable gold production that makes it worth your attention.

Top 5 Canadian Stocks To Invest In Right Now: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Castor believes the cash has disappeared into working capital, which has grown from 23% to more than 50% since 2008. Comparable company PrestigeBrand (PBH) uses 11%; Unilever(UL) and Colgate-Palmolive(CL) far less.

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