Best Canadian Stocks To Own Right Now

What happened

Tilray (NASDAQ:TLRY) stock rocketed 120% in September, according to data from S&P Global Market Intelligence.

Bringing investors up to date, shares of the Canadian marijuana grower have tacked on 2.2% so far in October through Friday the 5th, when they closed at $146.91 per share. This brings their total gain since the company went public at $17 per share on July 19 to a whopping 764%. 

Image source: Getty Images.

So what

We can attribute Tilray’s powerful September performance to several catalysts. First, Tilray is benefiting from a tailwind that’s boosting the entire cannabis space: Recreational pot will become legal for adults in Canada on Oct. 17. 

Second, Tilray stock has been getting a lift from the belief among some market participants that the company will ink a deal similar to the one that fellow Canadian marijuana producer Canopy Growth (NYSE:CGC) signed with alcoholic beverage giant Constellation Brands (NYSE:STZ). In mid-August, the maker of Corona and Modelo beers revealed it was making a $3.8 billion equity investment into Canopy. The two companies are surely working on developing a line of cannabis-infused beverages. These beverages are expected to get the regulatory green light in Canada next year.

Best Canadian Stocks To Own Right Now: NEW GOLD INC.(NGD)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Commerzbank Aktiengesellschaft FI raised its holdings in shares of New Gold Inc (Pre-Merger) (NYSEAMERICAN:NGD) by 5.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,015,289 shares of the basic materials company’s stock after buying an additional 101,852 shares during the period. Commerzbank Aktiengesellschaft FI owned about 0.35% of New Gold Inc (Pre-Merger) worth $4,192,000 at the end of the most recent reporting period.

  • [By Matthew DiLallo]

    Shares of New Gold (NYSEMKT:NGD) sold off on Thursday, plunging more than 20% by 11 a.m. EST after the gold mining company reported its fourth-quarter results as well as its outlook for 2019.

  • [By Maxx Chatsko]

    Shares of New Gold (NYSEMKT:NGD) fell by over 14% today after the company announced the surprise sale of its Mesquite gold mine. The business will receive $158 million in cash for the productive asset, which management says will “immediately crystallize several years’ worth of future free cash flow as part of our strategy to prudently manage our balance sheet, providing the company with the financial flexibility to focus on our core assets”.

  • [By Paul Ausick]

    New Gold Inc. (NYSEAMERICAN: NGD) dropped about 3.8% Thursday to post a new 52-week low of $2.28. Shares closed at $2.37 on Wednesday and the stock’s 52-week high is $4.25. Volume was about 15% below the daily average of around 5.9 million shares. The company had no specific news.

Best Canadian Stocks To Own Right Now: NRG Energy Inc.(NRG)

Advisors’ Opinion:

  • [By Shane Hupp]

    ValuEngine upgraded shares of NRG Energy (NYSE:NRG) from a hold rating to a buy rating in a report published on Saturday morning.

    A number of other research firms also recently issued reports on NRG. Citigroup downgraded shares of NRG Energy from a buy rating to a neutral rating and set a $33.00 price target on the stock. in a research note on Monday, July 30th. Zacks Investment Research downgraded shares of NRG Energy from a strong-buy rating to a hold rating in a research note on Tuesday, June 26th. Macquarie upped their target price on shares of NRG Energy from $40.00 to $41.00 and gave the stock an outperform rating in a research note on Thursday, September 20th. Finally, Bank of America upped their target price on shares of NRG Energy from $40.00 to $42.00 and gave the stock a buy rating in a research note on Thursday, September 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $37.00.

  • [By Logan Wallace]

    Energi (CURRENCY:NRG) traded 1.4% lower against the dollar during the 24-hour period ending at 15:00 PM E.T. on September 11th. One Energi coin can now be bought for about $0.31 or 0.00004951 BTC on major exchanges including Cryptopia, CryptoBridge and CoinExchange. Energi has a total market cap of $1.54 million and $4,327.00 worth of Energi was traded on exchanges in the last day. During the last seven days, Energi has traded down 9.2% against the dollar.

  • [By Shane Hupp]

    State of Wisconsin Investment Board cut its holdings in shares of NRG Energy Inc (NYSE:NRG) by 12.8% in the 2nd quarter, Holdings Channel reports. The firm owned 61,614 shares of the utilities provider’s stock after selling 9,051 shares during the quarter. State of Wisconsin Investment Board’s holdings in NRG Energy were worth $1,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

  • [By Motley Fool Transcribers]

    NRG Energy Inc (NYSE:NRG)Q2 2018 Earnings Conference CallAug. 2, 2018, 8:00 a.m. ET

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

    Operator

  • [By Ethan Ryder]

    DTE Energy (NYSE: DTE) and NRG Energy (NYSE:NRG) are both utilities companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, profitability, valuation, risk, dividends and analyst recommendations.

Best Canadian Stocks To Own Right Now: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Max Byerly]

    Shares of Encana Corp (NYSE:ECA) (TSE:ECA) have been given an average rating of “Buy” by the twenty-four analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twenty-one have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.17.

  • [By Lee Jackson]

    This stock has pulled back sharply and is offering an outstanding entry point. Encana Corp. (NYSE: ECA) is an energy producer focused on developing its multibasin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. Its operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.

  • [By Shane Hupp]

    Electra (CURRENCY:ECA) traded down 5.1% against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on June 12th. Over the last seven days, Electra has traded down 25.7% against the U.S. dollar. Electra has a market cap of $34.53 million and approximately $134,011.00 worth of Electra was traded on exchanges in the last 24 hours. One Electra coin can currently be bought for $0.0013 or 0.00000020 BTC on exchanges including CryptoBridge, Fatbtc, CoinFalcon and Coinhouse.

Best Canadian Stocks To Own Right Now: Nu Skin Enterprises Inc.(NUS)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Vident Investment Advisory LLC acquired a new stake in Nu Skin Enterprises, Inc. (NYSE:NUS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,458 shares of the company’s stock, valued at approximately $349,000.

  • [By Motley Fool Transcribers]

    Nu Skin Enterprises Inc  (NYSE:NUS)Q4 2018 Earnings Conference CallFeb. 13, 2019, 5:00 p.m. ET

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

    Operator

  • [By Joseph Griffin]

    Nu Skin Enterprises, Inc. (NYSE:NUS) President Ryan S. Napierski sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the president now directly owns 74,602 shares of the company’s stock, valued at $5,968,160. The transaction was disclosed in a document filed with the SEC, which is available through this link.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Nu Skin Enterprises (NUS)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on Nu Skin Enterprises (NUS)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Canadian Stocks To Own Right Now: Sensata Technologies Holding N.V.(ST)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Canaccord Genuity assumed coverage on shares of Sensata Technologies (NYSE:ST) in a note issued to investors on Friday, The Fly reports. The firm set a “buy” rating on the scientific and technical instruments company’s stock.

  • [By Ethan Ryder]

    News coverage about Sensata Technologies (NYSE:ST) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sensata Technologies earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the scientific and technical instruments company an impact score of 47.3141406855551 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

  • [By Max Byerly]

    Get a free copy of the Zacks research report on Sensata Technologies (ST)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Sensata Technologies (ST)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    Sensata Technologies (NYSE:ST) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.94-4.10 for the period, compared to the Thomson Reuters consensus estimate of $4.05. The company issued revenue guidance of $3.58-3.68 billion, compared to the consensus revenue estimate of $3.63 billion.Sensata Technologies also updated its FY 2019 guidance to $3.94-4.10 EPS.

Best Canadian Stocks To Own Right Now: UniSource Energy Corporation(UNS)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Uni Select (TSE:UNS) had its price target lifted by investment analysts at Macquarie from C$24.00 to C$25.00 in a report released on Wednesday. Macquarie’s price objective suggests a potential upside of 18.32% from the stock’s current price.

  • [By Max Byerly]

    Uni Select (TSE:UNS)‘s stock had its “hold” rating restated by equities research analysts at TD Securities in a report issued on Friday. They currently have a C$24.00 price objective on the stock. TD Securities’ price target points to a potential upside of 8.21% from the stock’s current price.

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