What are your top stocks for October 2021?

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Asked on October 1, 2021 10:02 pm
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Thanks Mat! My time frame is somewhat limited since I am 66 years old already. Is it unreasonable to be looking at a time frame of 5 - 10 years? Thanks a lot!
Michael

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Posted by Michael RayBould
Answered on October 2, 2021 6:08 pm
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Hey there,

We don't take such a short term approach - one month is too short of a time frame for investors. That being said, there are quite a few stocks on our Bull Lists and Foundational lists that are currently trading at decent valuations.

Companies like BEP, TRP and RY on our FOundational list, AQN, MFC, QBR, TD and AD.UN on our dividend list. In terms of growth, CARE, MG, PKI, EQB, WELL and ARE all look pretty attractive against historical valuations. Although expensive LSPD's recent crash because of the short-report is likely to prove being an excellent entry point. I'd have no hesitations picking LSPD up here after the recent correction. This is not to say that other stocks on the lists aren't good - they all are. If they are on the list, then we think they have the potential to outperform over the long run. It's just that the ones i've mentioned look particularly attractive here.

Will they outperform in October? Can't say - as mentioned, we take a long-term approach.

This being said, as talked about quite a bit on Discord - the environment seems ripe for oil & gas. But that can change quite quickly. Dan is taking a position in the XEG ETF this coming week and if you are looking for a single producer we are of the opinion that CNQ (oil) and TOU (gas) remain best in class.

Mat

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Posted by Mathieu Litalien
Answered on October 2, 2021 1:09 pm