Hot Canadian Stocks To Watch For 2018

Canadian inflation came in stronger than expected in January as signs point to price pressures continuing to slowly build.

Core consumer prices — which exclude more volatile items like energy and are considered a gauge of inflation pressures — inched higher for a fourth month and are now hovering at the highest since September 2016. The overall inflation number actually slowed due to favorable year ago base effects, but still came in stronger than expected.

While monthly data can be volatile, the trend in recent months has been upward, with the price strength reflecting an economy that emerged from a stellar performance in 2017 and continues to grow above its potential. That is adding pressure on the Bank of Canada — which has kept the expansion going with low interest rates — to keep hiking borrowing costs to more normal levels.

“You wouldn’t know it from the headline number, but Canadian inflationary pressures are heating up,” said Royce Mendes, an economist at CIBC World Markets.

Hot Canadian Stocks To Watch For 2018: NV5 Global, Inc.(NVEE)

Advisors’ Opinion:

  • [By Jason Hall]

    NV5’s (NASDAQ:NVEE) stock has been up and down and all around since being recommended, but the company still looks to be in a fantastic long-term position. Pattern Energy’s (NASDAQ:PEGI) stock has been a bit worse for wear, as the tax code has presented some new and significant challenges. But Pattern’s story doesn’t end there, and there’s plenty of bright spots for the business. Tune in to find out how rec-worthy these companies are today and what investors need to know about them before buying.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on NV5 Global (NVEE)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Logan Wallace]

    NV5 Global (NASDAQ:NVEE) VP Richard Tong sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $66.40, for a total transaction of $66,400.00. Following the completion of the transaction, the vice president now owns 34,933 shares of the company’s stock, valued at $2,319,551.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hot Canadian Stocks To Watch For 2018: Genuine Parts Company(GPC)

Advisors’ Opinion:

  • [By ]

    2. Price To Sales
    Another useful metric is the price-to-sales ratio (P/S). P/S measures a company’s market cap versus its annual revenue number. The idea is that the lower the number, the greater the implied value. For example, Snap, Inc. (Nasdaq: SNAP) trades at 26.9 times sales, an incredibly expensive number. However, aftermarket auto parts giant Genuine Parts (NYSE: GPC) trades at just 0.88 times sales — 88 cents to every dollar of sales the company brings in. Often, the lower the number, the more inefficiently the market has mispriced the stock.

  • [By ]

    Genuine Parts Co. (NYSE: GPC)
    Ok, now I know I’ve definitely locked in the broken record award. GPC is better known to consumers as NAPA auto parts. And aftermarket auto parts is probably one of the most lucrative businesses in the United States for too many reasons to cover now.

Hot Canadian Stocks To Watch For 2018: DXP Enterprises Inc.(DXPE)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on DXP Enterprises (DXPE)

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