Morgan Stanley slashes oil price forecasts

Morgan Stanley slashes oil price forecasts

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow RBC Capital Markets REIT analyst Pammi Bir reduced estimates for his coverage universe, “In this Q2 2022 preview, we took the opportunity to update our earnings and NAV forecasts to reflect a higher interest rate environment and slower anticipated economic … Read more

RBC analyst thinks these midcap energy stocks are undervalued

RBC analyst thinks these midcap energy stocks are undervalued

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank real estate analyst Mario Saric provided something of a game plan for REIT investors, “Our Current NAVPU [net asset value per unit] estimates are saying ‘buy, buy, buy’, while Corporate BBB yields are saying proceed with caution. Bottom-line, we … Read more

Typical mortgage payment to climb more than 50%: BMO economist

Typical mortgage payment to climb more than 50%: BMO economist

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank energy analyst Jason Bouvier previewed earnings for the sector and reiterated his top picks. “We continue to expect the valuation gap between Canadian and US E&Ps to narrow over the next couple of years as Canadian egress [transport to … Read more

BMO expects big bounce-back in TSX stocks. More, why Canadian rails are tempting buys right now

BMO expects big bounce-back in TSX stocks.  More, why Canadian rails are tempting buys right now

The S&P/TSX Composite Index is trading at recessionary valuation levels and that, combined with the extreme breadth of weakness and the dramatic underperformance of cyclical stocks, has BMO chief strategist Brian Belski expecting a strong rally in Canadian stocks. Mr. Belski calculates that Canadian stocks are trading at an average trailing price to earnings ratio … Read more

The two investment certainties for the rest of 2022

The two investment certainties for the rest of 2022

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BMO chief strategist Brian Belski recommends stocks with strong dividend growth, cash flow growth and profit growth at a reasonable price (GARP) to offset market volatility, “The S&P/TSX declined 8.7% on a total return basis in June, pushing deeper into … Read more

BMO analyst pivots to ‘a much more conservative view’ on REITs, provides top picks

BMO analyst pivots to ‘a much more conservative view’ on REITs, provides top picks

A daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BMO analyst Jenny Ma turned far more cautious on the domestic REIT sector. “With dramatic changes having taken shape in the market year-to-date, we are pivoting our previously constructive Canadian REIT outlook for 2022 to a much more conservative … Read more

Credit Suisse top energy stock picks include two Canadian companies

Credit Suisse top energy stock picks include two Canadian companies

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Like Scotiabank Monday, Credit Suisse analyst Manav Gupta thinks now is the time to add energy stocks. Mr. Gupta also provided a list of top picks which includes two Canadian stocks, “We continue to believe that in a post Russia-Ukraine … Read more

Five super-obvious signs we were in a financial bubble. Plus, CIBC’s Benjamin Tal on what’s next for markets and inflation

Five super-obvious signs we were in a financial bubble.  Plus, CIBC’s Benjamin Tal on what’s next for markets and inflation

New York magazine published The Clues You Missed: 5 Super-Obvious Signs We Were in a Financial Bubble earlier this month and, even though it was written with a definitively tongue-in-cheek tone, it raises some interesting questions for Canadian investors. The first sign of an imminent bear market we missed, according to the column, was the … Read more