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Understanding our recommendations: Power Buy—These stocks are our top choices for new buying now. We feel each currently offers the best combination of fundamentals (earnings, sales, cash flow and so on) plus external factors (industry trends and the current share price) to give it a chance of above-average gains. Buy—high-quality stocks with strong growth prospects. However, they are likely to grow at a slower rate than our Power Buys. Sell—these are stocks that no longer inspire our confidence. As Power Growth Investor focuses on maximizing profits for aggressive investors, we prefer to sell poorly performing stocks instead of holding them and waiting for a rebound.
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
AMERIGO RESOURCES, $4.26, is a buy for aggressive investors. The stock (Toronto symbol ARG; TSINetwork Rating: Speculative) (www.amerigoresources.com; Shares outstanding: 164.5 million; Market cap: $943.6 million; Dividend yield: 4.6%) keeps soaring and is now hitting record highs.
AMERIGO RESOURCES, $4.26, is a buy for aggressive investors. The stock (Toronto symbol ARG; TSINetwork Rating: Speculative) (www.amerigoresources.com; Shares outstanding: 164.5 million; Market cap: $943.6 million; Dividend yield: 4.6%) keeps soaring and is now hitting record highs.
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:
FERMI INC., $9.06, (Nasdaq symbol FRMI; TSINetwork Rating: Extra Risk) (www.fermiamerica.com; Shares outstanding: 592.8 million; Market cap: $6.0 billion; No dividends paid) is a real estate investment trust that plans to develop electrical generating facilities in the Texas Panhandle region. These plants are aimed at supplying power to artificial intelligence (AI) datacentres that the company is also developing.
FERMI INC., $9.06, (Nasdaq symbol FRMI; TSINetwork Rating: Extra Risk) (www.fermiamerica.com; Shares outstanding: 592.8 million; Market cap: $6.0 billion; No dividends paid) is a real estate investment trust that plans to develop electrical generating facilities in the Texas Panhandle region. These plants are aimed at supplying power to artificial intelligence (AI) datacentres that the company is also developing.
Barrick Mining is looking at selling a minority stake in its North American gold assets, separating them from the miner’s gold and copper mines in riskier parts of the world such as in regions of Africa, the Middle East, Asia and South America.
BARRICK MINING, $60.00 is a buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (barrick.com; Shares o/s: 1.7 billion; Market cap: $99.6 billion; Yield: 1.6%) will now explore an initial public offering of a new company to house its North American operations. Those include the Nevada Gold Mines venture
BARRICK MINING, $60.00 is a buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (barrick.com; Shares o/s: 1.7 billion; Market cap: $99.6 billion; Yield: 1.6%) will now explore an initial public offering of a new company to house its North American operations. Those include the Nevada Gold Mines venture
ABBVIE INC., $224.31, is a buy. The company (New York symbol ABBV; TSINetwork Rating: Above Average) (abbvie.com; Shares o/s: 1.8 billion; Market cap: $395.3 billion; Dividend yield: 3.1%) develops, manufactures and sells medicines and therapies worldwide. Its portfolio is focused on therapeutic areas of immunology, hematologic oncology, aesthetics, neuroscience and eye care.