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The Toronto Stock market hit a low in October of 2002 and has been going up ever since. One would think that 3 years on the upside is enough.
But the earnings and dividends have also had strong gains in the past 3 years.
The financials in Canada are still undervalued.
At least a third of the Dow stocks are substantially undervalued. To keep up on all of this just email us at fraserratings@yahoo.ca and we will send you our next 3 issues free.
The Canadian oil stocks fell off the rig in early October when the price of crude broke down.
But in the past few weeks they have had a nice rebound.
Could the escalating chaos and mayhem in Iraq lead to new and bigger troubles in the area ? Maybe, and maybe there would be a new consternation about oil supplies.
The six big oil stocks are Imperial Oil; Petro Canada; Suncor; Canadian Natural Resources; Encana and Talisman. If you would like to get on our watch list on these stocks just email us at fraserratings@yahoo.ca
We have three categories of undervalued viz. moderately, substantially, and in a few cases, excessively undervalued. This is one of the few cases.
In our current Report we have selected this Dow stock that is a leader in its field and yet in our view is trading at a bargain price.
We believe that this stock at this price should be a core holding in nearly every equity portfolio.
To get this Report free just email us at fraserratings@yahoo.ca
One of the more bizarre events taking place in the New York market is the fact that the big financial stocks like Morgan Stanley($52.48) are having very good years but the stocks are going nowhere or down.
In our Report of Oct.22/05 we show a 2 year chart for Morgan Stanley.
The stock technically has the potential to go to $74.00. To get this Report (free) just email us at fraserratings@yahoo.ca
In our current Report we present the strong case for the U.S. dollar to go up 11% ( it has already gone up 3%) and for the Euro, Yen, Pound and Canadian dollar to go down about the same amount as the U.S. dollar goes up. Therefore, now is the time for Canadians to consider U.S. stocks.
In this Report we have listed three U.S. stocks that are excessively undervalued. In the case of Bank of America ($44.29) which is one of them, the Canadian investor would get 4.5% from the dividend and 8% from the currency change, for a total of 12.5% even if the stock does not go up ! To get this Report (free) just email us at fraserratings@yahoo.ca
