Hot Canadian Stocks To Own Right Now

Related SCS Earnings Scheduled For March 21, 2017 Watch These 8 Huge Put Purchases In Tuesday Trade Notable earnings after Tuesday's close (Seeking Alpha)
Related FRAN Earnings Scheduled For March 21, 2017 15 Stocks Moving In Monday's Pre-Market Session Notable earnings before Tuesday's open (Seeking Alpha)

Some of the stocks that may grab investor focus today are:

Wall Street expects General Mills, Inc. (NYSE: GIS) to report quarterly earnings at $0.71 per share on revenue of $3.84 billion before the opening bell. General Mills shares gained 0.51 percent to $60.57 in after-hours trading.
Analysts expect FedEx Corporation (NYSE: FDX) to post quarterly earnings at $2.62 per share on revenue of $15.00 billion after the closing bell. FedEx shares gained 0.12 percent to $192.51 in after-hours trading.
Before the markets open, Canadian Solar Inc. (NASDAQ: CSIQ) is projected to report its quarterly earnings at $0.32 per share on revenue of $690.27 million. Canadian Solar shares fell 0.44 percent to $13.49 in after-hours trading.
Analysts are expecting Nike Inc (NYSE: NKE) to have earned $0.53 per share on revenue of $8.47 billion in the latest quarter. Nike will release earnings after the markets close. Nike shares rose 0.14 percent to $58.76 in after-hours trading.

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Hot Canadian Stocks To Own Right Now: Natural Gas(NG)

Advisors’ Opinion:

  • [By James E. Brumley]

    When an investor thinks of Canadian gold mining stocks, NovaGold Resources Inc. (USA) (NYSEMKT:NG) and Yamana Gold Inc. (USA) (NYSE:AUY) are often the first names to come to mind. And well they should. Yamana Gold is a $2.5 billion giant, and NovaGold Resources seems to have been around forever.

    Those two icons aren’t the only way to tap into Canada’s sizeable gold mining industry though. There’s a small, up-and-coming player called Taranis Resources Inc. (OTCMKTS:TNREF, TSX:TRO) that could end up becoming another key fixture of the country’s mining landscape.

    Taranis develops mineral deposits into mine-ready projects. Its primary project right now — and it’s enough to keep the company plenty busy for the next several years — is the Thor property located near Trout Lake, British Columbia. NI 43-101 resource reports (indicated and inferred)suggest Thor contains 6.9 million ounces of silver, 35,000 ounces gold, 57 million pounds of lead, 79.4 million pounds of zinc and 3.3 Million pounds of copper (roughly a 14 million ounce silver equivalent (“AgEq”) deposit*) laying in wait in a way that lends itself to the establishment of a low-cost, open pit mining operation. That’s roughly $300 million worth of marketable metals, and the estimates have been steadily getting bigger as Tanaris does more survey work.

    And 2017 could be a real breakout year for Taranis, as a lot of the work that’s been done to date starts to mean something. It’s got big exploration plans for this year… this spring/summer to be exact.

    The Phase 1 program was completed in September of last year, setting the stage for a more defined and much bigger Phase 2 definition-drilling within the next several weeks. This Phase 2 definition drilling slated for the middle of this year will drill down to between 6000 m and 10,000 m.

    These so-called first generation target areas are generally well understood areas based on sound geological information includ

Hot Canadian Stocks To Own Right Now: Transcananda Pipelines Ltd.(TRP)

Advisors’ Opinion:

  • [By Matthew DiLallo]

    After a series of setbacks in its attempts to build new oil pipelines, Canadian pipeline giant TransCanada (NYSE:TRP) completed a transformation transaction to acquire U.S. natural gas pipeline company Columbia Pipeline Group for $13 billion, which includes the assumption of debt. The key to that deal was that it increased the combined company’s near-term project pipeline to 23 billion Canadian dollars, which supports TransCanada’s ability to increase its dividend by 8% to 10% annually through 2020. After completing that deal, TransCanada made a bid to acquire all of the outstanding units that it did not own of affiliated MLP Columbia Pipeline Partners (NYSE:CPPL) in a transaction valued at $915 million. These acquisitions solidified TransCanada’s natural gas pipeline growth ambitions, enabling it to diversify away from oil pipelines.

  • [By Matthew DiLallo]

    Energy infrastructure companies ONEOK (NYSE:OKE) and TransCanada (NYSE:TRP) are both emerging from the energy market downturn as stronger entities. Each made smart acquisitions, with TransCanada buying U.S. gas pipeline company Columbia Pipeline Group, while ONEOK is in the process of gobbling up its MLP,ONEOK Partners (NYSE:OKS). While these deals enhanced the growth profiles of both companies, TransCanada still stands out as the better buy for long-term income investors. Here’s why.

  • [By Paul Ausick]

    That includes pipeline companies like Kinder Morgan Inc. (NYSE: KMI), which already operates a pipeline transporting natural gas from Texas into Mexico, and master limited partnerships (MLPs) Energy Transfer Partners L.P. (NYSE: ETP) and TransCanada Corp. (NYSE: TRP), the company that has (so far) failed to get U.S. approval for its Keystone Pipeline expansion from Canada’s oil sands across the U.S. border.

  • [By Ben Levisohn]

    In a number of articles recently, following the US recent revival and potential approval of the previously blocked Keystone XL pipeline, a number of estimates have been provided suggesting a pending boom for the US steel industry is on the horizon (and US steel stocks have reacted in kind). In fact, this optimism, we believe, peaked today when a report from one of our competitors was published claiming that, the keystone XL pipeline could increase line pipe demand by 14.7% for 2 years. The problem here, we believe, rests with the facts that: (a) TransCanada (TRP) has already taken, and paid for, the steel to build the Keystone XL pipeline (the steel currently sits in storage facilities in both Regina, Canada and Arkansas, United States), (b) neither US Steel (X; SELL), AK Steel, Steel Dynamics, or Nucor have the ability to make the specialized steel required for the miles of pipe associated with this project, to include both the thickness and pressure requirements, according to this article from Reuters, and (c) assuming some of the pipe does need replacement, this would likely come from international steel makers who are capable of producing the specialized steel (again, as highlighted in this Reuters article).

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

Advisors’ Opinion:

  • [By Chris Lange]

    Chipotle Mexican Grill, Inc. (NYSE: CMG) released its first quarter earnings report after the markets closed on Tuesday. The burrito giant said that it had $1.60 in earnings per share (EPS) and $1.07 billion in revenue, with consensus estimates from Thomson Reuters calling for $1.27 in EPS and $1.05 billion in revenue. The same period from last year had a net loss of $0.88 per share and $834.46 million in revenue.

  • [By Demitrios Kalogeropoulos]

    As for individual stocks, Chipotle Mexican Grill(NYSE:CMG) and iRobot (NASDAQ:IRBT) both enjoyed market-beating gains as investors reacted to fresh quarterly earnings reports.

  • [By Peter Graham]

    A long term performance chart shows El Pollo LoCo Holdings having fallen below its IPO price for retail investors, butsharesappear to have stabilized over the past year and a halfwhile potentialpeers like small capFiesta Restaurant Group Inc (NASDAQ: FRGI) and large cap Chipotle Mexican Grill, Inc (NYSE: CMG) have performed better in the past and small cap Chuy’s Holdings Inc (NASDAQ: CHUY) is moving sideways:

  • [By Asit Sharma]

     The great southern writer Flannery O’Connor titled her final short story collectionEverything That Rises Must Converge. But the stock market teaches us that a related, opposing corollary is also often true: Every great stock that falls must converge — with the valuation of its peers, that is.

    Take Chipotle Mexican Grill(CMG), which has witnessed its forward one-year price-to-earnings (PE) ratio shrink 35% from nearly 37 to 24 in the span of just 12 weeks, due to its much publicized E. coli and norovirus food contamination crises.

    Chipotle’s valuation has converged with former parent McDonald’s Corporation’s forward P/E ratio of 23. It’s also converging with the average for the sleepy, large-cap, consumer-oriented stocks in the S&P 500 Consumer Staples sector, which collectively hold a one-year forward P/E of 20.

    This valuation range is compelling because it reflects the market’s assumption that Chipotle will experience a dramatic curbing of growth next year. And from everything we know today, that certainly appears to be the case.

    But this temporary convergence is the long-term investor’s opportunity. At the moment, there is no single competitor with Chipotle’s scale and product quality which can quickly step in and supplant the company from the niche it has dominated for several years. If Chipotle can fix its food supply issues, any lost market share is its own to regain.

    And the Mexican-themed chain has already proven that it can expand aggressively. The 2016 store opening schedule (still unrevised, although I believe it will be dialed back slightly early this year) calls for an 11.5% expansion of Chipotle’s locations in a single year.

    So if Chipotle regains consumer trust — and I believe this very capable management team will succeed in doing so — its stock has the significant possibility to rebound to a much higher multiple, in line with the company’s historic growth potential. This resurgence might not occur in 2016. But Foolish investors know that the best investments take time.

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

Advisors’ Opinion:

  • [By Paul Ausick]

    Encana Corp. (NYSE: ECA) is rated Buy with an unchanged price target of $16. The EPS estimate for 2017 was lowered from $0.42 to $0.34, and the 2018 estimate was also lowered, from $1.47 to $1.28. The shares ended the weekat $11.44, in a 52-week range of $4.90 to $13.85. The consensus 12-month price target is $14.95.

  • [By WWW.THESTREET.COM]

    In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) , Schlumberger (SLB) , Encana (ECA) , Arconic (ARNC) and AdvanSix (ASIX) .

    Cramer was bearish on U.S. Silica Holdings (SLCA) .

  • [By Money Morning News Team]

    Canada-based Encana Corp. (NYSE: ECA) was the eighth top oil company stock in 2016, with a 131% gain over the year. ECA and its subsidiaries focus on developing, exploring, producing, and marketing natural gas, liquefied natural gas, and oil in North America.

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