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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (49703)10/11/2018 7:17:16 PM
From: Goose94Read Replies (1) of 203330
 
Canadian Pacific Railway (CP-T) top pick from Robert McWhirter on BNN.ca Market Call Thirst-day Oct 11th @ 1200ET

CP provides freight transportation services and logistics solutions in North America. This is a repeat of my July 24 top pick.

It has a 1.0 per cent yield, a modest 14 per cent payout ratio of a four-quarter trailing cash flow. CP reported on July 18: year-over-year sales per share grew 9 per cent, while EPS grew 14 per cent. EPS is forecast to grow 16 per cent in 2019, giving a 36 per cent return on equity (ROE), with 12 per cent further EPS growth forecast for 2020.

CP is expected to report earnings on Oct. 16. The forecast: $4.09 (revised up from $3.56 since July 24) versus $2.90, a 401 per cent increase.

On July 18, Farrell noted that CP “has successfully retested the neckline of a three-year rounding base breakout. The base continues to support further measured upside in excess of $360.” This implies potential upside of 41 per cent

Velocity Trade’s Tony Popowich wrote a follow-up: “After reporting Q3 results, the stock continues the dominant uptrend in place since the technical breakout in August. The base continues to support further measured upside in excess of $360..” This implies a 34 per cent upside from the Oct. 10 closing price.
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