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Brookfield Infrastructure Partners L.P. (BIP.UN)
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WELL Health Technologies Corp. (WELL)
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Brookfield Corporation Class A Limited Voting Shares (BN)
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Lumine Group Inc. (LMN)
Q: Hi Team,
I had the following on my watchlist to "buy the dip" so to speak: LMN,BN, BIP.UN. WELL. After today they have all had nice moves off what was hopefully a "bottom". Is it time to buy? Is risk on again? Or is this a suckers rally after the fed induced rally? Predictive question I know...just looking for opinion. This being said; if it's a good time to buy, What Canadian stocks would you be your Top picks to buy today for a long term hold? Could you rank a list for me please? Thanks
Shane.
I had the following on my watchlist to "buy the dip" so to speak: LMN,BN, BIP.UN. WELL. After today they have all had nice moves off what was hopefully a "bottom". Is it time to buy? Is risk on again? Or is this a suckers rally after the fed induced rally? Predictive question I know...just looking for opinion. This being said; if it's a good time to buy, What Canadian stocks would you be your Top picks to buy today for a long term hold? Could you rank a list for me please? Thanks
Shane.
5i Research Answer:
We think reading between the lines of the FED statement on Wednesday, it looks good for equities. Not exactly an 'all clear' sign, but the comments certainly implied the past rate hikes are working and they are seeing a slowdown impact. Job numbers today confirm this a bit. We think it is 'safer' to buy than before. There are of course always risks. We would consider (ranked): CSU, LMN, BN, SHOP, ATD, KXS, SLF, TRI