Canadian Large Caps

Valeant (VRX) has done really well for me as I’ve owned it over the last four weeks. In that time, it has increased 5%, almost an entire year’s worth of growth.

Cameco (CCO) is a uranium producer. The share price has been rising steadily over the past six months, but really jumped late last week. This has produced interesting momentum and it could continue to perform well in the near future.

Enerplus (ERF) is another interesting name that I’ve been watching for a while. I kick myself for watching it instead of owning it, because it pays an attractive dividend (currently yielding almost 5%, down from over 7%) and the share price has continued to rise. The reason I couldn’t pull the trigger is the P/E, which is presently over 90. It’s really important to me to see that earnings are supporting the payout.

US Large Caps

Walgreens (WAG) has the best momentum of the US large caps. I bought it a few weeks ago and it has gained 2%. It operates over 8200 drugstores in 50 states, and offers consumer goods, pharmacy and health and wellness goods and services. The stock price rose considerably during the first half of February, although it has performed well during the past two years.

Halliburton (HAL) is an oil and natural gas exploration and development company. The share price has been volatile, but has performed well over the past two years. It is supported by rising oil prices, which may or may not continue.

Disney (DIS) produces films and tv shows and runs theme parks. Their momentum is nearly tied with HAL, which surprised me because they haven’t shown up on my radar before. It appears that the market has looked favourably upon the acquisitions of the Lucas enterprise. The share price has doubled over the past three years and it’s as high as it’s ever been.

Investment Ideas

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