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You should remain wary of stocks that attract broker/media attention because of high-profile products or services and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:


BRILLIANT EARTH, $2.56, (Nasdaq symbol BRLT; TSI Rating: Extra Risk) (Shares o/s: 97.1 million; Market cap: $263.0 million; No dividends paid) is a direct-to-consumer retailer that claims to provide customers with what it calls the best in ethically sourced diamonds and other jewellery.


Brilliant Earth operates in a highly competitive jewellery market, although its niche does set it apart....

We see both Wajax and Calian rising even higher given their prospects and in-demand services. Meanwhile, they offer sustainable yields for investors. Both are buys.


WAJAX CORP., $31.57, is a buy. The company (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares outstanding: 21.5 million; Market cap: $682.1 million; Dividend yield: 4.4%) sells and services cranes, forklifts and other heavy equipment....

MP MATERIALS, $14.05, is still a buy. The company (New York symbol MP; TSINetwork Rating: Extra Risk) (www.mpmaterials.com; Shares o/s: 178.1 million; Market cap: $2.6 billion; No divids.) saw its revenue fall 55.8% in the quarter ended December 31, 2023, to $41.2 million from $93.2 million a year earlier....
Corteva shares offer investors a number of pluses: Not only is the company at the forefront of key agricultural trends, the stock is a spinoff. Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. It’s one key reason why we think Corteva has further gains ahead for investors....
DraftKings keeps making the right moves to remain the dominant player in the expanding U.S. sports-betting market. It is now adding another U.S. state to its online sportsbook markets.


DRAFTKINGS INC., $42.24, is a buy. The company (Nasdaq symbol DKNG; TSINetwork Rating: Extra Risk) (Shares outstanding: 841.7 million; Market cap: $36.7 billion; No dividend) currently provides sports betting in several U.S....
ABBVIE INC., $179.86, is a buy. The company (New York symbol ABBV; TSINetwork Rating: Above Average) (www.abbvie.com; Shares outstanding: 1.8 billion; Market cap: $319.6 billion; Dividend yield: 3.5%) continues to hit new, all-time highs—and the stock is now up 84.1% since we first recommended it in our August 2020 issue at $97.70.


Abbott Labs spun off AbbVie in 2013....
Broadridge profits from its recurring fee-based revenue from long-term client contracts and its leading position in proxy and other investor communication services. Its dominance in providing a wide range of back-office services, plus its high-quality clientele, also helps cut its risk....

You Can See Our Spinoff Stock Portfolio For April 2024 Here.


Why we like spinoffs so much
We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:


1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.


2) Spinoffs involve a lot of work and legal fees....
REDDIT INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on New York under the symbol RDDT.


Based in San Francisco, the company operates online forums that lets registered users (called “Redditors”) post and share content such as text, images and videos on a wide variety of topics....
ENERPLUS CORP. $24 is a hold. The company (Toronto symbol ERF; Resources sector; Shares outstanding: 203.3 million; Market cap: $4.9 billion; Dividend yield: 1.4%; Takeover Target Rating: Highest; www.enerplus.com) produces oil and gas mostly from properties in the Bakken area of North Dakota, the DJ Basin in Colorado, and the Marcellus Shale in Pennsylvania.


The company has accepted a takeover bid from Chord Energy Corp....