Hot Canadian Stocks To Watch Right Now

tags:CMG,PAA,WFC,CM,PPL,ARG,

In this segment of Motley Fool Money, host Chris Hill asks analysts Jason Moser, David Kretzmann, and Ron Gross to share which companies they have their eyes on, and why. Their picks are Southwest Airlines (NYSE:LUV), niche healthcare play iRhythm Technologies (NASDAQ:IRTC), and Canadian cannabis company Canopy Growth (NYSE:CGC). But let's be clear -- not all of these are buy recommendations.

A full transcript follows the video.

This video was recorded on June 22, 2018.

Chris Hill: Let's get to the stocks on our radar this week. Our man behind the glass, Steve Broido, is going to hit you with a question. Ron Gross, you're up first. What are you looking at this week?

Ron Gross: I have another great ticker symbol for you, that's LUV, Southwest Airlines. Largest U.S. airline, flying 120 million customers a year. Strong balance sheet, unmatched record of profitability, high returns on invested capital, great free cash flow, recently increased their dividend by 28%. Stock is not necessarily cheap relative to its peers, but it is trading at a discount to its historical average. It always does trade higher than the competition. Quite frankly, that's because it deserves to. It's a much better run airline, and really the only major that's never declared bankruptcy.

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

Advisors' Opinion:

• [By Lisa Levin]

  Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) got a boost, shooting up 25 percent to $423.49 as the company reported stronger-than-expected earnings for its first quarter on Wednesday.

• [By Jeremy Bowman]

  After years of anticipation, Chipotle Mexican Grill, Inc. (NYSE:CMG) is finally rewarding its most loyal customers. Executing on an earlier promise from new CEO Brian Niccol, the burrito roller is now testing a loyalty program in three markets: Phoenix, Arizona; Kansas City, Kansas and Missouri; and Columbus, Ohio. 

• [By Rich Duprey]

  It's been about two weeks since hundreds of cases of a possible foodborne illness outbreak were reported at an Ohio Chipotle Mexican Grill (NYSE:CMG) restaurant. In a surprise twist, the stock market collectively shrugged, almost as if investors are no longer fazed by such developments.

• [By Garrett Baldwin]

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  Shares of Snap Inc. (NYSE: SNAP) surged more than 21% after the social media giant topped Wall Street earnings expectations after the bell Thursday. The firm made big strides toward profitability with a quarterly loss of $0.04 per share. Wall Street expected a loss of $0.07 per share. The social media giant also said that its subscriber base has stabilized. The platform had 186 million daily active users for the second consecutive quarter. The firm also reported quarterly revenue of $390 million, a figure that also easily beat expectations. Shares of Cronos Group Inc. (NASDAQ: CRON) have been sliding since Tuesday morning after the marijuana producer received a downgrade from GMP Securities. Shares fell more than 6% during Tuesday trading and have fallen another 2.1% in pre-market hours. Shares of the stock have jumped by more than 100% since the start of the year, prompting concerns for a reversal. While GMP believes a short-term correction is called for, it has said that the firm's deal with Altria Group Inc. (NYSE: MO) is a "game changer." Today, look for more earnings reports from GoPro Inc. (NASDAQ: GPRO), Chipotle Mexican Grill Inc. (NYSE: CMG), FireEye Inc. (NASDAQ: FEYE), Spotify Technology SA (NASDAQ: SPOT), Take-Two Interactive Software Inc. (NASDAQ: TTWO), and Match Group Inc. (NASDAQ: MTCH). Millions of Americans Now Entitled to Collect "Federal Rent Checks"

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• [By Daniel Sparks]

  Fast-casual restaurant Chipotle Mexican Grill (NYSE:CMG) has seen some impressive momentum recently as its turnaround under new CEO Brian Niccol takes hold. Investors are thrilled. Shares have surged 135% over the past 12 months.

• [By Jeremy Bowman]

  Chipotle Mexican Grill's (NYSE:CMG) E. coli disaster will likely become a case study in crisis mismanagement if it hasn't already.

  The burrito chain had a bulletproof brand back in 2015, with average unit volumes around $2.5 million and a market value of as much as $23 billion. It was a model for the restaurant industry after having essentially disrupted fast food and pioneered the fast casual model with its fresh-food, assembly-line format.

Hot Canadian Stocks To Watch Right Now: Plains All American Pipeline L.P.(PAA)

Advisors' Opinion:

• [By Garrett Baldwin]

  Click here to learn more…

  Stocks to Watch Today: DIS, TMUS, BP, S Shares of Walt Disney Co. (NYSE: DIS) will lead a busy day of earnings reports. Wall Street is expecting a small decline in revenue for the first quarter. Disney is still in the process of absorbing most of Fox's assets from a deal last June. In addition, Disney will be launching its streaming service, Disney+, and investors will be looking for updates on the project. In deal news, T-Mobile U.S. Inc. (NYSE: TMUS) is looking to sweeten an offer to regulators to ensure a merger with rival Sprint Corp. (NYSE: S). The telecom giant told the U.S. Federal Communications Commission that it would freeze the prices of many plans if it receives approval for a deal. T-Mobile has offered $26 billion to buy Sprint. Shares of BP Plc. (NYSE: BP) rallied more than 3.7% after the global energy giant topped 2018 earnings expectations. The firm's big bets on shale developments have paid off. Profitability more than doubled over the previous year, while production topped out at 3.7 million barrels per day. Look for earnings reports from Allstate Corp. (NYSE: ALL), Anadarko Petroleum Corp. (NYSE: APC), Archer Daniels Midland Co. (NYSE: ADM), Becton, Dickenson & Co. (NYSE: BDX), BP Plc. (NYSE: BP), Chubb Ltd. (NYSE: CB), Digital Realty Trust (NYSE: DLR), Emerson Electric Co. (NYSE: EMR), Estee Lauder Co. Inc. (NYSE: EL), Lazard Ltd. (NYSE: LAZ), Pitney Bowes Inc. (NYSE: PBI), Plains All American Pipeline LP (NYSE: PAA), Ralph Lauren Corp. (NYSE: RL), Snap Inc. (NYSE: SNAP), and Tableau Software Inc. (NASDAQ: DATA).

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• [By Matthew DiLallo]

  There's just one problem with all that production: It needs to get out of the basin, which is a problem right now since there aren't enough pipelines. Because of that, some of the best ways to play the Permian production boom are pipeline companies. Three perfectly positioned to profit from the Permian boom are Plains All American Pipeline (NYSE:PAA), Targa Resources (NYSE:TRGP), and Kinder Morgan (NYSE:KMI).

• [By Matthew DiLallo]

  One oil midstream company that meets all these criteria is Plains All American Pipelines (NYSE:PAA). While the oil pipeline MLP did struggle during the recent oil market downturn, it's working to address those issues, which positions it to deliver better returns for investors in the coming years. Among the problems it's fixing is its balance sheet, with Plains' aim to get its leverage ratio to less than 4.0 times by early next year. Meanwhile, the company has invested heavily in strengthening its portfolio of fee-bearing assets so that long-term contracts now support 90% of its earnings. Finally, Plains only expects to pay out about 60% of its cash flow to support its high-yield dividend in 2018, which is an ultra-conservative level for an oil pipeline stock.

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

Advisors' Opinion:

• [By Chris Lange]

  Wells Fargo & Co. (NYSE: WFC) short interest shrank to 31.68 million shares from the previous reading of 35.77 million. Shares were trading at $52.10, within a 52-week range of $49.27 to $66.31.

• [By ]

  When long-time, sometimes controversial bank analyst Mike Mayo speaks it's often wise for investors to listen. Recently plucked up by Wells Fargo (WFC)  to cover the banking space, Mayo is fresh off a meeting with top Goldman Sachs (GS)  management, including CEO Lloyd Blankfein. Mayo's mention of a possible "revenue breakout" in a new note dropped in our email box Tuesday is attention-grabbing (if not a reason to trade Action Alerts PLUS holding Goldman).

• [By Chris Lange]

  Wells Fargo & Co. (NYSE: WFC) short interest dropped to 27.44 million shares from the previous reading of 33.20 million. Shares were trading at $58.69, within a 52-week range of $49.27 to $66.31.

• [By Benzinga News Desk]

  Wells Fargo & Co.’s (NYSE: WFC) struggle to shore up money-laundering controls in its division serving companies may prove awkward for Chief Executive Officer Tim Sloan as he faces shareholders Tuesday: Link

• [By Leo Sun, Maxx Chatsko, and Dan Caplinger]

  Therefore, contrarian investors should examine the stocks Wall Street has given up on, since the worst-case scenarios are typically already priced in. Today, our Motley Fool investors will highlight three stocks that fit that description -- J.C. Penney (NYSE:JCP), Wells Fargo (NYSE:WFC), and Calavo Growers (NASDAQ:CVGW).

Hot Canadian Stocks To Watch Right Now: Canadian Imperial Bank of Commerce(CM)

Advisors' Opinion:

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Canadian Imperial Bank of Commerce (CM)

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• [By Ethan Ryder]

  Sigma Planning Corp boosted its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 12.6% in the second quarter, HoldingsChannel reports. The firm owned 7,383 shares of the bank’s stock after acquiring an additional 826 shares during the period. Sigma Planning Corp’s holdings in Canadian Imperial Bank of Commerce were worth $642,000 at the end of the most recent reporting period.

• [By Garrett Baldwin]

  We're about to reveal a little wealth secret that could unlock the trade of a lifetime. Money Morning Special Situation Strategist Tim Melvin takes you inside what could easily be a 10-bagger for investors in the weeks ahead. Read more right here.

  The Top Stock Market Stories for Tuesday The Euro has plunged to its lowest point against the U.S. dollar in 2018 thanks to political problems in Europe. The breakdown of power in Italy has raised new concerns about the nation's ability to repay its debts, as the spread between German and Italian bonds has widened. Market instability has also spread to Spain where the nation's parliament is preparing to vote on whether to oust Prime Minister Mariano Rajoy and his party. Oil prices slid one news that OPEC and Russia will consider hikes in production during a meeting in Vienna, Austria on June 22nd. The news accompanied reports that U.S. production is expected to rise throughout the summer. The price of WTI oil sat at $67.20 per barrel. The Brent crude oil price recovered this morning, adding 1% to hit $76.12. Canadian banks are under pressure this morning over a major breach by cyber criminals. The Bank of Montreal (NYSE: BMO) and the Canadian Imperial Bank of Commerce (NYSE: CM) – the two largest banking institutions in the country – announced that roughly 90,000 customers' data may have been stolen. This would be the first major cybersecurity event to happen in Canada involving financial firms. Three Stocks to Watch Today: CRM, SBUX, MOMO com (NYSE: CRM) will lead a busy day of earnings reports on Wall Street. The cloud computing giant is set to report fiscal first quarter 2019 numbers after the bell on Tuesday. The average analyst projection calls for a 46% jump in EPS of $0.46 on top of a 23% gain in revenue to $2.94 billion. Starbucks' Corporation (Nasdaq: SBUX) will temporarily close about 8,000 locations on Tuesday to train roughly 175,000 employees on racial bias. The training sessions were
• [By Motley Fool Staff]

  Canadian Imperial Bank of Commerce (NYSE:CM)Q2 2018 Earnings Conference CallMay 23, 2018, 8:00 a.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

Hot Canadian Stocks To Watch Right Now: PPL Corporation(PPL)

Advisors' Opinion:

• [By Paul Ausick]

  PPL Corp. (NYSE: PPL) traded down about 1.3% Thursday to post a new 52-week low of $26.65 after closing Wednesday at $27.01. The stock’s 52-week high is $40.20 Volume was about 35% below  the daily average of around 7 million shares. The company had no specific news.

• [By Reuben Gregg Brewer]

  Too many investors shun boring stocks, particularly if their biggest allure is slow and steady dividend growth. That pretty much describes utilities like Duke Energy Corporation (NYSE:DUK), Dominion Energy, Inc. (NYSE:D), and PPL Corporation (NYSE:PPL). However, with all three offering yields that are more than twice what you can get from an S&P 500 Index fund and sporting solid prospects for continued (albeit slow) dividend growth no matter what happens in the stock market, they might provide the diversification you need as the broader market averages hit fresh all-time highs. Here's why you can count on these three dividend stocks, even if the market pulls back.

• [By Stephan Byrd]

  PPL Co. (NYSE:PPL) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 17,988,914 shares, a decrease of 18.2% from the April 13th total of 22,001,974 shares. Based on an average daily volume of 5,372,103 shares, the short-interest ratio is presently 3.3 days. Approximately 2.6% of the company’s shares are short sold.

• [By Stephan Byrd]

  Great West Life Assurance Co. Can grew its stake in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 1.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,645,448 shares of the pipeline company’s stock after buying an additional 62,411 shares during the period. Great West Life Assurance Co. Can’s holdings in Pembina Pipeline were worth $126,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

• [By Shane Hupp]

  Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lowered by CIBC from C$53.00 to C$51.00 in a research report sent to investors on Monday morning.

• [By Max Byerly]

  PPL Co. (NYSE:PPL) announced a quarterly dividend on Wednesday, May 16th, RTT News reports. Stockholders of record on Friday, June 8th will be paid a dividend of 0.41 per share by the utilities provider on Monday, July 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.07%.

Hot Canadian Stocks To Watch Right Now: Airgas Inc.(ARG)

Advisors' Opinion:

• [By Stephan Byrd]

  Argentum (CURRENCY:ARG) traded 3.6% lower against the US dollar during the one day period ending at 19:00 PM ET on May 27th. In the last week, Argentum has traded 2.8% lower against the US dollar. Argentum has a total market capitalization of $1.66 million and approximately $610.00 worth of Argentum was traded on exchanges in the last day. One Argentum coin can currently be purchased for about $0.17 or 0.00002374 BTC on popular cryptocurrency exchanges including Cryptopia and CoinExchange.