Top Canadian Stocks To Invest In Right Now

Attorney General Jeff Sessions’ latest attempt to crack down on legal weed might be dominating news headlines, but we had to make sure Money Morning readers aren’t overlooking the Canadian marijuana market.

The Canadian marijuana market is expected to reach $4.5 billion in legal sales by 2021, and full cannabis legalization in Canada is expected to take place in July 2018.

Top Canadian Stocks To Invest In Right Now: 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 Canadian Stocks To Invest In Right Now: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Ethan Ryder]

    Prestige Brands Holdings, Inc. (NYSE:PBH) – Investment analysts at Gabelli cut their FY2019 earnings estimates for shares of Prestige Brands in a research report issued on Tuesday, July 3rd. Gabelli analyst Z. Bodini now anticipates that the company will post earnings of $3.00 per share for the year, down from their prior forecast of $3.05. Gabelli also issued estimates for Prestige Brands’ FY2020 earnings at $3.35 EPS, FY2021 earnings at $3.75 EPS, FY2022 earnings at $4.20 EPS and FY2023 earnings at $4.65 EPS.

  • [By Joseph Griffin]

    Aperio Group LLC increased its stake in shares of Prestige Brands Holdings, Inc. (NYSE:PBH) by 216.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,245 shares of the company’s stock after purchasing an additional 77,478 shares during the period. Aperio Group LLC’s holdings in Prestige Brands were worth $4,346,000 as of its most recent filing with the Securities & Exchange Commission.

  • [By Stephan Byrd]

    Premium Brands (TSE:PBH) had its target price increased by TD Securities from C$140.00 to C$145.00 in a research note published on Thursday. The firm currently has an action list buy rating on the stock.

  • [By Lisa Levin]

    On Thursday, the health care shares rose 1.02 percent. Meanwhile, top gainers in the sector included ARMO BioSciences, Inc. (NASDAQ: ARMO), up 67 percent, and Prestige Brands Holdings, Inc. (NYSE: PBH) up 28 percent.

  • [By Lisa Levin]

    Prestige Brands Holdings, Inc. (NYSE: PBH) shares were also up, gaining 23 percent to $35.07 after the company posted upbeat Q4 earnings.

    Equities Trading DOWN

Top Canadian Stocks To Invest In Right Now: NRG Energy Inc.(NRG)

Advisors’ Opinion:

  • [By Shane Hupp]

    Energi (CURRENCY:NRG) traded 3.8% lower against the dollar during the 24-hour period ending at 22:00 PM Eastern on February 2nd. Energi has a market cap of $9.51 million and approximately $100,521.00 worth of Energi was traded on exchanges in the last day. One Energi coin can currently be bought for approximately $0.76 or 0.00021720 BTC on major cryptocurrency exchanges including CoinExchange, Cryptopia and CryptoBridge. In the last seven days, Energi has traded down 9.3% against the dollar.

  • [By Lee Jackson]

    This stock has made a nice run off the lows, but it may hold solid upside for aggressive accounts. NRG Energy Inc. (NYSE: NRG) is an integrated independent power producer that owns and operates 27 gigawatts (GW) of conventional and renewable generating capacity in the United States and serves 3 million retail customers in Texas and the Northeast.

  • [By Matthew DiLallo]

    Shares of NRG Energy Inc. (NYSE:NRG) rose 10.9% in August, buoyed by its second-quarter results and an analyst upgrade.

    So what

    “Our business performed exceptionally well during the second quarter,” stated CEO Mauricio Gutierrez in the company’s earnings press release. Driving that view is that income from continuing operations rose from $99 million in the year-ago period to $121 million in this year’s second quarter. Powering the company’s improvement was its retail segment, where adjusted EBITDA came in at $298 million, which was $94 million higher than the second quarter of last year. The company’s generation business also delivered stronger results as adjusted EBITDA rose $45 million to $197 million. Those dual fuels enabled the company to reaffirm its full-year outlook for adjusted EBITDA between $2.8 billion to $3 billion.

Top Canadian Stocks To Invest In Right Now: Valeant Pharmaceuticals International Inc(VRX)

Advisors’ Opinion:

  • [By ]

    Other recent false “tells” of “unusual call activity” have included Lowe’s (LOW) , Valeant Pharmaceuticals (VRX) , Walmart (WMT) and Walt Disney Co. (DIS) . All of these stocks tanked within one or two weeks of the unusual call trading.

  • [By Lee Jackson]

    If any company has had a tough past three years it has been Valeant Pharmaceuticals International Inc. (NYSE: VRX). The company has gone from a Wall Street darling, and a massive holding at Bill Ackman’s Pershing Square Hedge Fund, trading at over $260, to a specialty pharmaceutical company doing everything to straighten the ship, and recently that ship had been sailing in the right direction, at least until now.

  • [By Todd Campbell]

    After disclosing today that the FDA has given a no-go to Duobrii lotion for topical plaque psoriasis, shares of Valeant Pharmaceuticals (NYSE:VRX) lost 12.3% of their value on Monday.

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