Further, given the better than 50% gain, if you bought Canadian Natural Resources when first discussed here at the split-adjusted price of $31.80 on May 24, 2010, now may be a good time to consider taking some profits off the table with CNQ.
"A looming supply shortage stands to push palladium prices sharply higher over the next couple years, and North American Palladium (PAL) is sitting on one of the world's biggest deposits," notes Nathan Slaughter.
The editor of Street Authority Market Advisor explains, "The company has several promising gold mines under development that could soon produce over 80,000 ounces annually.
"Believe it or not, there are only two mines on the planet that yield palladium first and foremost -- it's a by-product everywhere else. And one of those mines belongs to North American Palladium.
There's a big ballyhoo about oil these days. With the turmoil in the Middle East, especially in Libya, the price of West Texas Intermediate (WTI) crude oil is priced over $100 per barrel. Gasoline at the pump is almost $4.00 per gallon.
Why then talk about an oil glut? We should first look at where our oil is coming from. Believe it or not, Canada is the biggest exporter of oil to the U.S. Canada is sending so much oil to the U.S. that our pipelines and storage facilities can't handle it. Reuters reports that our key storage facilities at Cushing Oklahoma are filled to capacity and are not equipped to handle the oil flow.
"Once written off as a 'sunset' industry, North American railroads are making money hand over fist. In short, the railways are benefiting from a rising tide and the companies have a lot going for them," notes Canadian analyst Tom Slee.
The contributing editor with Internet Wealth Builder explains, "Here's a look at my newest recommendation, Canadian Pacific Railway (CP), as well as my long-time favorite, Canadian National Railway (CNI).
"Last year the six major carriers posted a 45% average growth in earnings as they booked increased volumes and increased rates.
The editor of The Global Analyst continues, "Indeed, a major expansion at a planned mine development will benefit not only Goldcorp, but another one of our recommended holdings, Canada's Virginia Mines (VGQ).
"At Goldcorp, the expansion of its major projects will, in aggregate, boost the company's output about 70% by 2015. In addition to the successful ramp-up at Penasquito, and ongoing construction at Pueblo Viejo in the Dominican Republican, the company announced significant improvements at a major project.
Royal Bank of Canada (RY - option chain) shares are rising today after the company reported earnings this morning, posting a fiscal-Q1 profit of C$1.839 billion, or C$1.24 per share. Excluding one-time items, RY earned C$1.26 per share, topping analysts' forecasts of C$1.01 per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RY.
RY opened this morning at $61.32. So far today the stock has hit a low of $60.96 and a high of $62.29. As of 12:10, RY is trading at $61.46 up $2.85 (4.9%). The chart for RY looks bullish and S&P gives RY a positive 4 STARS (out of 5) buy ranking.
The recession took a nasty toll on NetJets, one of Warren Buffett's holdings. While the company made a profit of $207 million in 2010, it lost $711 million the year before, Bloomberg reported.
NetJets owns a fleet of business aircraft and lets customers buy hours of flight time. With the economy picking up steam, Buffet apparently feels that demand for his aircrafts will also grow.
I have reiterated my buy recommendation on Canadian telecommunications giant BCE Inc. (BCE) in the latest issue of The Canada Report newsletter.
I originally advised buying the stock in December 2008 when it was trading at $17.76 following the collapse of a multi-billion dollar bid to take the company private. At the time, I felt that investors were overreacting to the news and throwing out the baby with the bathwater.
"The Canadian economy performed much better than the U.S. economy during the past two and a half years," says J. Royden Ward.
The editor of Cabot Benjamin Graham Value Letter explains, "We believe many outstanding buying opportunities still exist and investors should continue to buy undervalued Canadian stocks."
The contributing editor to Canadian Edge explains, "A series of unplanned turnarounds at the Syncrude operation, of which Canadian Oil Sands owns 36.7 percent, have analysts questioning whether rising costs will ever allow Canadian Oil Sands to really benefit from elevated oil prices.
Canadian Natural Resources (CNQ - option chain) stock is trading lower today after the company announced it has halted crude oil production at its Horizon oil-sands plant in Alberta, Canada, after a fire broke out in a plant facility Thursday. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CNQ.
This morning, CNQ opened at $40.61. So far today the stock has hit a high of $41.84 and a low of $40.42. As of 12:15, CNQ is trading at $41.15, down $1.95 (-4.5%). The chart for CNQ looks bullish and S&P gives CNQ a positive 4 STARS (out of 5) buy ranking.
"Our top stock pick for 2011 is a very speculative play, based on our conviction that at some point during the year, gold bullion will experience a strong run-up in price, perhaps reminiscent to the peak that occurred in January 1980," says Alan Newman.
"Timberline Resources (TLR) is a soon-to-be gold producer that we believe has been overlooked by the market. However, we doubt it will remain overlooked for much longer," says Gene Arensberg. Incidentally, Gene's top pick last year was iShares Silver, which rose 73%.
The editor of Got Gold Report explains, "Not exactly a household name, Timberline's management teamed up with the premier underground mining and development company in North America, Small Mine Development (SMD), to develop the Butte Highlands gold deposit just south of Butte, Montana.
"My favorite stock for 2011 is Almaden Minerals (AAU), a Vancouver-based mining exploration company," notes Mark Skousen -- one of the top performing advisors in last year's Top Picks report.
This year, the editor of Forecasts & Strategies notes, "Almaden is rapidly going from 'small cap' ($253 million) to 'large cap' and may even be bought out soon by a major.