Top 10 Canadian Stocks To Watch Right Now


Peyto (OTCPK:PEYUF) is a Canadian E&P company whose production profile is dominated by dry gas (92%). With the low price of natural gas, it has been a tough couple of years for Peyto’s shareholders. That said, the company has maintained its dividend payout through the commodity price downturn. Recently natural gas prices have recovered from their lows, but Peyto’s stock has not kept pace. In fact, it’s gone the other direction:

Click to enlarge

As the chart above show, the stock is down ~13% over the past three months as natural gas – as measure by both the Henry Hub and AECO indexes – has rallied sharply with significant winter withdrawals and forecasts that additional cold weather is on the way:

Top 10 Canadian Stocks To Watch Right Now: Valeant Pharmaceuticals International Inc(VRX)


Advisors’ Opinion:

  • [By Sean Williams]

    Shares of Valeant Pharmaceuticals (NYSE:VRX), an embattled drug developer whose primary method of growth over the past couple of years has been via acquisitions and price hikes on its therapies, surged as much as 15% on Thursday for their third consecutive day of strong gains. The stock was up a more modest 9% as of the closing bell.

  • [By Lee Jackson]

    These companies also reported insider buying last week: Apache Corp. (NYSE: APA), Halliburton Co. (NYSE: HAL), Revlon Inc. (NYSE: REV), Valeant Pharmaceuticals International Inc. (NYSE: VRX) and U.S. Steel Corp. (NYSE: X).

  • [By Casey Wilson]

    As disgraceful as Mylan’s pricing strategy may be, this next pharmaceutical firm is hated even more – and makes our list for the second year in a row…

    Most-Hated Companies 2016 No. 1: Valeant Pharmaceuticals International Inc. (NYSE: VRX)

    The troubled pharmaceutical company is deeply loathed by both consumers and investors alike.

  • [By Paul Ausick]

    Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 0.1% Thursday to post a new 52-week low of $9.49 after closing Wednesday at $9.50. The stock’s 52-week high is $38.50. Volume of about 15 million shares was about 25% below the daily average of around 19 million. The company had no specific news.

Top 10 Canadian Stocks To Watch Right Now: 3M Company(MMM)


Advisors’ Opinion:

  • [By Keith Fitz-Gerald]

    First, the Dow dropped below 19,800 points with two stocks – The Goldman Sachs Group Inc. (NYSE:GS) and 3M Company (NYSE:MMM) – experiencing a $3.26 billion selloff alone. Big banking stocks including Wells Fargo & Company (NYSE:WFC) and JPMorgan Chase and Co. (NYSE:JPM) sold off far more severely than the S&P 500 itself. Tech stocks were more or less unscathed, with the exception of Alphabet Inc. (NasdaqGS:GOOG), which received a 2.55% buzzcut of $26 per share.

  • [By Chris Lange]

    3M Co. (NYSE: MMM) is scheduled to reveal its fourth-quarter results on Thursday. The consensus earnings estimate is $2.03 per share, on revenue of $7.87 billion. Shares were trading at $248.18 as the week came to a close. The 52-week trading range is $173.55 to $249.00.

  • [By Paul Ausick]

    3M Company (NYSE: MMM) traded down 1.69% at $230.78. The stock’s 52-week range is $163.85 to $238.90. Volume was about equal to the daily average of around 1.7 million. The company had no specific news Monday.

  • [By Paul Ausick]

    3M Company (NYSE: MMM) traded down 1.05% at $210.38. The stock’s 52-week range is $163.85 to $214.57. Volume was about 20% below the daily average of around 1.8 million. The company had no specific news.

  • [By Demitrios Kalogeropoulos]

    Investors looking for brighter prospects should consider two other blue-chip giants, 3M (NYSE:MMM) and Johnson & Johnson (NYSE:JNJ). Both are exposed to the consumer goods industry, but also get significant chunks of sales and profits from faster-growing segments.

  • [By Chris Lange]

    3M Co.’s (NYSE: MMM) latest quarterly earnings report is expected on Tuesday. The consensus estimates are $2.06 in earnings per share (EPS) and $7.47 billion in revenue. Shares were trading most recently at $191.50, in a 52-week range of $163.17 to $193.50. The consensus price target is $190.50.

Top 10 Canadian Stocks To Watch Right Now: Chipotle Mexican Grill Inc.(CMG)

Advisors’ Opinion:

  • [By Brian Wu]

    Amazon says the average store is about 1,800-square feet, smaller than many big supermarkets. For now the company is mostly selling ready-to-eat meals and everyday groceries, which skirts close to the territory of Chipotle Mexican Grill (NYSE:CMG) and Whole Foods Market (NSDQ:WFM). The company says the first store is still in beta and only open to its employees, but will be open to the public in early 2017. The company also plans to open 2,000 grocery and convenience stores across the U.S. with multiple formats including massive 40,000-square foot discount stores and smaller drive-thru retail shops in the coming years. (See Also:Amazon.com Inc: Is AMZN Stock A Multi-Bagger Stock Even Today?)

  • [By Demitrios Kalogeropoulos]

    As for individual stocks, Chipotle Mexican Grill(NYSE:CMG) and iRobot (NASDAQ:IRBT) both enjoyed market-beating gains as investors reacted to fresh quarterly earnings reports.

  • [By Chris Lange]

    The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Chipotle Mexican Grill, Inc. (NYSE: CMG) which rose over 6% to $305.70. The stocks 52-week range is $247.52 to $499.00. Volume was 2.7 million compared to the daily average volume of 1.3 million.

  • [By Chris Lange]

    The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was Chipotle Mexican Grill, Inc. (NYSE: CMG) which jumped 2.8% to $407.45. The stocks 52-week range is $352.96 to $481.63. Volume was 1.1 million which is above the daily average of around 853,000 shares.

  • [By Peter Graham]

    A long term performance chart shows Del Taco Restaurants now outperforming Mexican restaurant stock peers such as mid cap Chipotle Mexican Grill, Inc (NYSE: CMG) and small caps El Pollo LoCo Holdings Inc (NASDAQ: LOCO), Fiesta Restaurant Group Inc (NASDAQ: FRGI) and Chuy’s Holdings Inc (NASDAQ: CHUY) have mostly been drifting lower lately:

  • [By Jason Hall, Travis Hoium, and Brian Feroldi]

    In our ongoing search for just such quality growth stocks, we asked three of our contributors to pick out ones they think have high growth potential from here, and tell us why. They gave us a unique retailer that’s carving out a huge following in Duluth Holdings(NASDAQ:DLTH), a recovering fast-casual dining darling inChipotle Mexican Grill (NYSE:CMG), and a gaming and resorts giant,Wynn Resorts (NASDAQ:WYNN).

Top 10 Canadian Stocks To Watch Right Now: ConocoPhillips(COP)


Advisors’ Opinion:

  • [By Matthew DiLallo]

    Meanwhile, ConocoPhillips (NYSE:COP) also abandoned its leases in the Chukchi Sea earlier this year. It paid $506 million for the 98 leases off Alaska’s northern coast in 2008 and had plans to drill its first exploratory well in 2014 but dropped those ambitions due to regulatory uncertainty. It has also since decided to exit deepwater exploration altogether after drilling a string of dry holes in the Gulf of Mexico, offshore Angola, and the Canadian Atlantic, Instead, ConocoPhillips plans to focus its future development efforts on lower-risk onshore shale development.

  • [By Matthew DiLallo]

    Oil exploration is a risky business. Not only does it cost a lot of money, but the odds of drilling a dry hole are very high. Just ask ConocoPhillips (NYSE:COP), which recorded $432 million of deepwater dry hole costs last year. It’s a problem the company is working to address by stepping away from deepwater exploration so that it can deliver steadier returns for investors.

  • [By Jayson Derrick]

    Other stocks that were net sold include ConocoPhillips (NYSE: COP) and Kinder Morgan Inc (NYSE: KMI). Tesla Inc (NASDAQ: TSLA) was also sold by clients after the electric vehicle maker saw its stock hit a new all-time high in the middle of the month.

Top 10 Canadian Stocks To Watch 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 10 Canadian Stocks To Watch Right Now: Natural Gas(NG)


Advisors’ Opinion:

  • [By William Romov]

    Over the last year, the number of short positions on gold stocks has fallen. One of these stocks is a Canadian gold mining company called NovaGold Resources Inc. (NYSE: NG). In the last 12 months, the volume of short bets on the stock declined 79%, to 522,400. This shows a shift in sentiment from bearish to bullish for gold.

  • [By Money Morning Staff Reports]

    Canadian gold mining company NovaGold Resources Inc. (NYSE: NG) shows an even starker change in sentiment. In the last 12 months, the volume of short bets on the stock declined 79%, to 522,400.

  • [By James E. Brumley]

    When an investor thinks of Canadian gold mining stocks, NovaGold Resources Inc. (USA) (NYSEMKT:NG) and Yamana Gold Inc. (USA) (NYSE:AUY) are often the first names to come to mind. And well they should. Yamana Gold is a $2.5 billion giant, and NovaGold Resources seems to have been around forever.

    Those two icons aren’t the only way to tap into Canada’s sizeable gold mining industry though. There’s a small, up-and-coming player called Taranis Resources Inc. (OTCMKTS:TNREF, TSX:TRO) that could end up becoming another key fixture of the country’s mining landscape.


    Taranis develops mineral deposits into mine-ready projects. Its primary project right now — and it’s enough to keep the company plenty busy for the next several years — is the Thor property located near Trout Lake, British Columbia. NI 43-101 resource reports (indicated and inferred)suggest Thor contains 6.9 million ounces of silver, 35,000 ounces gold, 57 million pounds of lead, 79.4 million pounds of zinc and 3.3 Million pounds of copper (roughly a 14 million ounce silver equivalent (“AgEq”) deposit*) laying in wait in a way that lends itself to the establishment of a low-cost, open pit mining operation. That’s roughly $300 million worth of marketable metals, and the estimates have been steadily getting bigger as Tanaris does more survey work.


    And 2017 could be a real breakout year for Taranis, as a lot of the work that’s been done to date starts to mean something. It’s got big exploration plans for this year… this spring/summer to be exact.

    The Phase 1 program was completed in September of last year, setting the stage for a more defined and much bigger Phase 2 definition-drilling within the next several weeks. This Phase 2 definition drilling slated for the middle of this year will drill down to between 6000 m and 10,000 m.

    These so-called first generation target areas are generally well understood areas based on sound geological information includ

  • [By Money Morning News Team]

    Canadian gold mining company NovaGold Resources Inc. (NYSE: NG) shows an even starker change in sentiment. In the last six months, the volume of short bets on the stock declined 32.75%, from 19.05 million shares to 12.81 million.

Top 10 Canadian Stocks To Watch Right Now: PPL Corporation(PPL)

Advisors’ Opinion:

  • [By Paul Ausick]

    PPL Corp. (NYSE: PPL) posted a 52-week low of $31.53 after closing Tuesday at $32.42. The 52-week high is $40.20. Volume was about 15.5 million, more than three times the daily average of around 4 million shares. The electric utility company took a downgrade on Tuesday and the fallout continues to drop.

  • [By Paul Ausick]

    PPL Corp. (NYSE: PPL) dropped about 1.7% Tuesday to post a new 52-week low of $30.44 after closing at $30.95 on Friday. Volume was around 4.1 million about 10% below the daily average of around 4.6 million. The company had no specific news.

  • [By Paul Ausick]

    PPL Corp. (NYSE: PPL) posted a 52-week low of $30.74 after closing Tuesday at $30.76. The 52-week high is $40.20. Volume was about 3.2 million, about 25% below the daily average of around 4.5 million shares. The electric utility company had no specific news.

  • [By Paul Ausick]

    PPL Corp. (NYSE: PPL) posted a 52-week low of $30.81 after closing Friday at $31.13. The 52-week high is $40.20. Volume was about 3.5 million, about 25% below the daily average of around 4.5 million shares. The electric utility company had no specific news.

  • [By Paul Ausick]

    PPL Corp. (NYSE: PPL) posted a 52-week low of $32.48 after closing Monday at $33.97. The 52-week high is $40.20. Volume was about 5.9 million, nearly a third higher than the daily average of around 3.9 million shares. The electric utility company had no specific news.

  • [By Paul Ausick]

    PPL Corp. (NYSE: PPL) posted a 52-week low of $31.11 after closing Wednesday at $31.59. The 52-week high is $40.20. Volume was about 9.6 million, more than double the daily average of around 4.2 million shares. The electric utility company had no specific news.

Top 10 Canadian Stocks To Watch Right Now: Nu Skin Enterprises Inc.(NUS)

Advisors’ Opinion:

  • [By Scott Rubin]

    Stock gainers included Mercadolibre Inc (NASDAQ: MELI), up almost 14 percent, and Nu Skin Enterprises, Inc. (NYSE: NUS), which added 12 percent. The positive gains in both stocks were due to strong earnings reports. Shares of Liberty Interactive Group (NASDAQ: QVCA) plunged almost 22 percent on Friday due to disappointing sales growth in its fiscal second quarter. Pharmaceutical giant Bristol-Myers Squibb Co (NYSE: BMY) lost 16 percent after a disappointing study involving its Opdivo drug.

  • [By ]

    Nu Skin Enterprises (NYSE: NUS) is benefiting from two key trends: its strong presence in Asia where it books 79% of its revenue and leading brand awareness with millennials. The company has increased its dividend every year since 2001, now paying a 2% yield, and maintains a share repurchase program that returns excess cash to shareholders.

  • [By Craig Jones]

    Nu Skin Enterprises, Inc. (NYSE: NUS) is trading sharply higher on Friday, but options traders are buying puts in the name, said Jon Najarian. Traders were buying the June 50 puts and they paid around 6 percent for them, so they don't see much upside in Nu Skin Enterprises, explained Najarian. He followed the trade and he is planning to hold the position for a month.

  • [By Roberto Pedone]

    Nu Skin Enterprises (NUS) is a direct selling company, which develops and distributes personal care products and nutritional supplements that are sold under the Nu Skin and Pharmanex brands. This stock closed up 5.4% at $92.96 in Monday’s trading session.

    Monday’s Volume: 2 million

    Three-Month Average Volume: 900,802

    Volume % Change: 85%

    From a technical perspective, NUS ripped higher here right above some near-term support at $85 with heavy upside volume. This move pushed shares of NUS into breakout and new 52-week-high territory, since the stock took out some near-term overhead resistance levels at $88.20 to $89.69. This move also pushed shares of NUS above the upper-end of its recent range that saw the stock trend between $82 to just above $89.


    Traders should now look for long-biased trades in NUS as long as it’s trending above support at $85 and then once it sustains a move or close above Monday’s high of $93.33 with volume that this near or above 900,802 shares. If we get that move soon, then NUS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $100 to $105.

Top 10 Canadian Stocks To Watch Right Now: Talisman Energy Inc.(TLM)

Advisors’ Opinion:

  • [By Jayson Derrick]

    On the other hand, the analysts are Underweight on Eni SpA (ADR) (NYSE: E), Repsol Oil & Gas Canada Inc (USA) (NYSE: TLM) and OMV AG given their asset bases, which offer an inferior risk to reward profile and limited differentiation in cost reductions.

Top 10 Canadian Stocks To Watch Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By Jim Cramer]

     

    After a year of stock price fluctuations, the net result is that WFC’s price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don’t lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.

  • [By Gregg Greenberg]

    Stocks of Wells Fargo (WFC) were up 4% last year, outperforming both the broader market and the overall financial sector. Erik Oja, equity analyst at S&P Capital IQ, said the megabank will shine even brighter in 2016 once higher interest rates kick in.  

     

    "We think Wells Fargo is best poised to benefit from higher rates due to its large deposit base and industry-leading loan growth," said Oja, adding that he expects much higher revenue growth in the coming year after a recent slowdown.

  • [By The Ticker Tape]

    In the next two weeks, several major financial institutions report earnings. Wells Fargo & Co (NYSE: WFC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc (NYSE: C) report before market open on April 13. According to consensus third-party analyst estimates, WFC is expected to report $0.96 earnings per share, or EPS, on revenue of $22.16 billion, JPM is expected to report $1.51 EPS on revenue of $24.57 billion, and C is expected to report $1.27 EPS on revenue of $17.97 billion. One area of focus when banks report is the impact of rising interest rates on these company’s net interest income—the difference between revenues generated by a bank’s assets and the expenses associated with paying its liabilities.    

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) also is expected to report its most recently quarter results on Thursday. The consensus analyst estimates call for $0.97 in EPS and revenue of $22.3 billion. Shares of Wells Fargo closedat $54.84on Friday. The consensus price target is $59.07. The 52-week trading range is $43.55 to $59.99.

  • [By Zacks]

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  • [By Craig Jones]

    On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Wells Fargo & Co (NYSE: WFC).

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