Top 10 Canadian Stocks To Buy For 2019

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on June 15.  Of the companies we watch, short interest rose on two of three solar stocks and on three of four alternative energy stocks.

First Solar Inc. (NASDAQ: FSLR) saw short interest soar by 75% to 7.26 million shares. Days to cover fell from four to one. In the two-week short interest period, the stock’s share price fell by 25.6%. Its 52-week trading range is $38.36 to $81.72, and it closed at $51.91 on Tuesday, down about 1.4% for the day.

SunPower Corp. (NASDAQ: SPWR) short interest increased by 8.1% to 18.38 million shares. In the two weeks to June 15, the share price dropped by 9.3%. The 52-week range is $6.46 to $11.70, and it closed at $7.78 on Tuesday, down about 0.1% for the day. Days to cover fell from nine to six.

Canadian Solar Inc. (NASDAQ: CSIQ) saw a skyrocketing increase of 133.6% in short interest during the two-week period. Some 2.92 million shares were short and days to cover fell from two to one. The company’s share price dipped by 30% over the two weeks, and shares closed Tuesday at $12.15, down about 2% for the day, in a 52-week range of $11.37 to $19.09.

Top 10 Canadian Stocks To Buy For 2019: Rhino Resource Partners LP(RNO)

Advisors’ Opinion:

  • [By Shane Hupp]

    Deutsche Bank set a €115.00 ($133.72) target price on Renault (EPA:RNO) in a report released on Friday morning. The firm currently has a buy rating on the stock.

  • [By Logan Wallace]

    Credit Suisse Group set a €73.00 ($84.88) price objective on Renault (EPA:RNO) in a research report sent to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.

  • [By Ethan Ryder]

    JPMorgan Chase & Co. set a €98.00 ($113.95) price target on Renault (EPA:RNO) in a research note released on Monday. The firm currently has a neutral rating on the stock.

Top 10 Canadian Stocks To Buy For 2019: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Prestige Brands Holdings Inc  (NYSE:PBH)Q3 2019 Earnings Conference CallFeb. 07, 2019, 8:30 a.m. ET

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

    Operator

  • [By Joseph Griffin]

    Pitcairn Co. purchased a new stake in Prestige Brands Holdings, Inc. (NYSE:PBH) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,278 shares of the company’s stock, valued at approximately $279,000.

  • [By Joseph Griffin]

    Prestige Consumer Healthcare Inc (NYSE:PBH) – Stock analysts at William Blair cut their Q4 2019 earnings estimates for shares of Prestige Consumer Healthcare in a report released on Thursday, February 7th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.70. William Blair also issued estimates for Prestige Consumer Healthcare’s FY2020 earnings at $2.80 EPS.

Top 10 Canadian Stocks To Buy For 2019: Encana Corporation(ECA)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Sentinel Trust Co. LBA lessened its stake in shares of Encana Corp (NYSE:ECA) (TSE:ECA) by 37.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,255 shares of the oil and gas company’s stock after selling 195,760 shares during the quarter. Encana accounts for about 1.0% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 26th largest position. Sentinel Trust Co. LBA’s holdings in Encana were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

  • [By Stephan Byrd]

    Cenovus Energy (NYSE:CVE) and Encana (NYSE:ECA) are both large-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, institutional ownership, valuation, profitability, dividends, earnings and analyst recommendations.

  • [By Max Byerly]

    Here are some of the news stories that may have effected Accern Sentiment’s rankings:

    Get Encana alerts:

    Encana Corp (ECA) Rising Higher 7.95% Over the Past Four Weeks (fisherbusinessnews.com) Encana Corporation (ECA) Most Active Stock Price trades 19.10% off from 200- SMA (nasdaqchronicle.com) Mid-Day Movers –: Encana Corporation (NYSE:ECA), CSX Corporation (NASDAQ:CSX), MGIC Investment Corporation … (journalfinance.net) Featured Stock: Encana Corporation (ECA) (stockquote.review) Active Stock Evaluation – Encana Corporation (NYSE: ECA) (financerater.com)

    ECA has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Encana from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $15.00 to $18.00 in a report on Wednesday, January 24th. Evercore ISI raised shares of Encana from an “in-line” rating to an “outperform” rating and upped their price target for the company from $10.84 to $16.00 in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Encana from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Scotiabank raised shares of Encana from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $13.00 to $14.00 in a report on Friday, February 16th. Finally, Goldman Sachs cut their price target on shares of Encana from $17.25 to $14.00 and set a “buy” rating for the company in a report on Friday, April 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.28.

  • [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.

  • [By Joseph Griffin]

    These are some of the media stories that may have effected Accern’s scoring:

    Get Encana alerts:

    Should You Listen to This Stock? Encana Corporation (ECA) moves 51.44% away from One Year Low (nasdaqchronicle.com) Hot Mover of the Day – Encana Corporation (NYSE:ECA) (thestockgem.com) Enrapturing Stocks: Encana Corporation, (NYSE: ECA), AmTrust Financial Services, Inc., (NASDAQ: AFSI) (globalexportlines.com) Analysts, Options Traders Love This Lesser-Known Energy Stock (schaeffersresearch.com) Encana Corp (ECA) Expected to Announce Quarterly Sales of $1.12 Billion (americanbankingnews.com)

    ECA traded up $0.27 on Thursday, hitting $12.47. 9,071,326 shares of the stock were exchanged, compared to its average volume of 9,380,907. Encana has a 12 month low of $8.01 and a 12 month high of $14.31. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.98 and a beta of 2.00.

Top 10 Canadian Stocks To Buy For 2019: Patni Computer Systems Limited(PTI)

Advisors’ Opinion:

  • [By Chris Lange]

    Proteostasis Therapeutics Inc. (NASDAQ: PTI) saw its shares slide early on Thursday after the company reported that it had positive data from its early stage trial in cystic fibrosis (CF). These results come from the firm’s ongoing Phase 1 dosing study of PTI-801 in CF patients on background Orkambi (lumacaftor/ivacaftor) therapy.

Top 10 Canadian Stocks To Buy For 2019: Credit Suisse Group(CS)

Advisors’ Opinion:

  • [By Logan Wallace]

    Credits (CS) is a distributed proof-of-stake (dPOS) token that uses the DPoS hashing algorithm. Its launch date was February 28th, 2015. Credits’ total supply is 249,471,071 tokens and its circulating supply is 139,159,871 tokens. Credits’ official message board is medium.com/@credits. The Reddit community for Credits is /r/CreditsOfficial and the currency’s Github account can be viewed here. The official website for Credits is credits.com/en. Credits’ official Twitter account is @creditscom and its Facebook page is accessible here.

  • [By Dustin Parrett]

    Just look at what happened to traders who got involved in the now-defunct VelocityShares Daily Inverse ETN (XIV), a particularly nasty piece of financial engineering created by Credit Suisse Group (NYSE: CS).

  • [By Joseph Griffin]

    UBS Group set a €21.50 ($24.43) price target on AXA (EPA:CS) in a research note published on Monday morning, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.

  • [By Stephan Byrd]

    Credit Suisse Group (NYSE:CS) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.

Top 10 Canadian Stocks To Buy For 2019: Natural Gas(NG)

Advisors’ Opinion:

  • [By Motley Fool Transcription]

    NovaGold Resources, Inc. (NYSEMKT:NG)Q3 2018 Earnings Conference CallOct. 3, 2018, 11:00 a.m. ET

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

    Operator

  • [By Stephan Byrd]

    Novagold Resources (NASDAQ:NG) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

  • [By Stephan Byrd]

    Wells Fargo & Company MN lowered its stake in shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) by 5.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,071,600 shares of the mining company’s stock after selling 57,571 shares during the period. Wells Fargo & Company MN’s holdings in NovaGold Resources were worth $4,640,000 as of its most recent SEC filing.

  • [By Max Byerly]

    NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 60,309 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $3.73, for a total value of $224,952.57. Following the transaction, the vice president now owns 645,385 shares in the company, valued at $2,407,286.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

  • [By Stephan Byrd]

    NovaGold Resources (TSE:NG) (AMEX:NG) had its price target trimmed by JPMorgan Chase & Co. from C$9.10 to C$8.00 in a research report sent to investors on Friday morning.

  • [By Shane Hupp]

    JPMorgan Chase set a GBX 870 ($11.80) target price on National Grid (LON:NG) in a research note released on Monday. The brokerage currently has a buy rating on the stock.

Top 10 Canadian Stocks To Buy For 2019: Canadian Imperial Bank of Commerce(CM)

Advisors’ Opinion:

  • [By Logan Wallace]

    Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) – Analysts at Desjardins reduced their Q2 2018 earnings per share estimates for Canadian Imperial Bank of Commerce in a research report issued to clients and investors on Wednesday, May 2nd. Desjardins analyst D. Young now forecasts that the company will post earnings of $2.85 per share for the quarter, down from their prior estimate of $2.86.

  • [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 Joseph Griffin]

    Shares of Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$130.33.

  • [By Stephan Byrd]

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

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

  • [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 Motley Fool Transcribing]

    Canadian Imperial Bank of Commerce (NYSE:CM) Q1 2019 Earnings Conference CallFeb. 28, 2019 8:00 a.m. ET

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

    Operator

Top 10 Canadian Stocks To Buy For 2019: China Metro-Rural Holdings Limited(CNR)

Advisors’ Opinion:

  • [By Ethan Ryder]

    State of Tennessee Treasury Department lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 842,775 shares of the transportation company’s stock after selling 13,507 shares during the quarter. State of Tennessee Treasury Department owned about 0.11% of Canadian National Railway worth $61,565,000 as of its most recent filing with the SEC.

  • [By Ethan Ryder]

    Canadian National Railway (NYSE:CNI) (TSE:CNR) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $93.33.

  • [By Logan Wallace]

    Northwestern Mutual Wealth Management Co. grew its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,917 shares of the transportation company’s stock after acquiring an additional 1,692 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Canadian National Railway were worth $11,030,000 at the end of the most recent quarter.

  • [By Logan Wallace]

    Canadian National Railway (NYSE:CNI) (TSE:CNR) – Analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for shares of Canadian National Railway in a research note issued to investors on Wednesday, January 30th. Seaport Global Securities analyst M. Levin expects that the transportation company will earn $0.96 per share for the quarter. Seaport Global Securities also issued estimates for Canadian National Railway’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.27 EPS and Q4 2019 earnings at $1.26 EPS.

  • [By Max Byerly]

    Press coverage about Canadian National Railway (NYSE:CNI) (TSE:CNR) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Canadian National Railway earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 47.5112066080017 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Top 10 Canadian Stocks To Buy For 2019: UniSource Energy Corporation(UNS)

Advisors’ Opinion:

  • [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.

  • [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.

Top 10 Canadian Stocks To Buy For 2019: Sensata Technologies Holding N.V.(ST)

Advisors’ Opinion:

  • [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 Ethan Ryder]

    Oppenheimer Asset Management Inc. cut its stake in Sensata Technologies Ltd (NYSE:ST) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,199 shares of the scientific and technical instruments company’s stock after selling 6,012 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Sensata Technologies were worth $1,625,000 at the end of the most recent reporting period.

  • [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 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.

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