Money 5 small-cap conviction stocks to buy now

19:30  11 july  2018
19:30  11 july  2018 Source:   fool.com

Energy stocks help lift Toronto market

  Energy stocks help lift Toronto market TORONTO - Energy stocks helped lift Canada's main stock index at late morning as the price of oil also ticked higher.  The S&P/TSX composite index closed up 96.38 points at 16,548.72 to top the record close set a day earlier. In New York, the Dow Jones industrial average ended up 143.07 points at 24,919.66.

All of the major indices either closed at record highs or broke intraday records last week, and much of the bullishness centered around small - cap stocks . The Russell 2000 small - cap index, for instance, gained 6% in September while the S&P 500 wafted up less than 2%. Small caps are where the action

There has been a lot of whining among investors that there are no values in the stock market anymore. Most of the big cap , well known names, appear to be overvalued with forward P/Es of the glamour stocks , such as Amazon.com, Inc. (AMZN) and Facebook Inc (FB), of well over 25x.

  5 small-cap conviction stocks to buy now © Provided by Fool

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN.ca or Microsoft.

Royal Bank of Canada (TSX:RY)(NYSE:RY) put out its quarterly Small-Cap Conviction List, a group of 20 small-cap stocks it feels will outperform over the next 12 months.

Well, for one thing, they tend to be followed by fewer analysts, money managers, and retail investors, which means they tend to move higher when good news comes out. Of course, that is a double-edged sword with lousy news having the reverse effect, sending them lower.

That’s why it’s helpful to have a list like RBC’s to cut to the chase a little bit.

Toronto stocks higher, U.S. markets also gain

  Toronto stocks higher, U.S. markets also gain The industrials sector helped lift Canada's main stock index at late-morning, while U.S. stock markets also climbed higher as technology companies and banks rose.  The S&P/TSX composite index was up 48.90 points to 16,420.68, after 90 minutes of trading.

Welcome to Episode #54 of the Value Investor Podcast. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks. 2017 is the year of the large cap growth stocks .

These Small Cap Tech Stocks Are Red-Hot This month my favorite small cap stocks to buy are largely technology stocks , which is not surprising as. Here are my favorite small cap stocks in the tech sector now .

Since 2013, its list has delivered a total return of 125% — significantly higher than the 44% of the S&P/TSX Small-Cap Index Total Return and 58% total return for the TSX Composite Index.

Here are the five stocks I believe are the cream of the small-cap crop. Year to date through July 9, they’ve averaged a total return of 10.2%.

Over the next week, I’ll cover each of them in more detail.

Cargojet Inc. (TSX:CJT) not only made the bank’s small-cap conviction list, but the air cargo company also got on to RBC Dominion Securities’s “Imagine 2025” list, a group of 69 stock recommendations — one of only 12 Canadian companies — that will benefit from changing technology over the next seven years, leading to superior returns.

Enercare Inc. (TSX:ECI) operates several businesses, but its largest — Home Services — provides water heater rentals to 1.1 million customers in Canada and the U.S. It has excellent recurring revenue from renters who shell out more than $24 a month to be able to have a hot shower.

Officer convicted of shooting Sammy Yatim wants Supreme Court to hear his case

  Officer convicted of shooting Sammy Yatim wants Supreme Court to hear his case Const. James Forcillo is asking the Supreme Court of Canada to allow him to appeal his second-degree murder conviction in the shooting death of Sammy Yatim five years ago. Forcillo's lawyers, Michael Lacy, Joseph Wilkinson and Bryan Badali, filed the application seeking an appeal on June 26. In an unusual verdict, a jury acquitted Forcillo of second-degree murder but convicted him of attempted murder in connection with Yatim's death aboard a Dundas streetcar on the night of July 27, 2013. Forcillo was sentenced to six years in jail — one year above the mandatory minimum for attempted murder.

As for the growth part, the companies these stocks represent might be generating annualized sales gains of 30% or more. Naturally, expectations for outsized earnings growth are part of the equation too. Here are 10 small - cap growth stocks to buy now .

Despite the narrow parameters, the screen gave her 15 quality stocks to choose from. What are you waiting for? These small cap stocks have value and several even have dynamic growth. 5 Small Cap Value Stocks to Buy Now . 1. Townsquare Media (TSQ - Free Report) is a media, entertainment

Kinaxis Inc. (TSX:KXS) is an Ottawa-based company that provides logistics and supply-chain software via monthly subscription over the cloud to large and mid-sized companies in need of its industry-leading software. It’s a comer.

Tricon Capital Group Inc. (TSX:TCN) is a real estate investment manager based in Toronto that invests in commercial and residential real estate, including the burgeoning single-family residential rental market in the U.S. It invests alongside its asset management clients, so it’s got real skin in the game. It’s one of my favourite TSX stocks; I could go on forever about its business.

Great Canadian Gaming Corp. (TSX:GC) was a good stock to own entering 2017. After the 18 months it’s had since then, it’s fair to say it’s now a great company with major GTA casino projects to keep it busy for years to come. One of two exciting Canadian gambling stocks, investors have a real opportunity for gains over the next three to five years.

Toronto stocks close down, loonie edges up

  Toronto stocks close down, loonie edges up Canada's main stock index ended lower as energy stocks weighed, while U.S. stock markets edged higher a day after they were closed for the July 4 holiday. The S&P/TSX capped energy index was slid a per cent to be the worst of the sectors on the TSX as prices for oil and gas both fell.Overall, the S&P/TSX composite index closed down 38.11 points at 16,266.61 as financials and materials stocks also slid.Base metal stocks were up on the day despite a big slide in the September copper contract that ended down nine cents at US$2.83 a pound.Copper has fallen steeply from the nearly US$2.

The market was up 22% over the course of the past year, led by giants like Amazon.com, Inc. (NASDAQ:AMZN) and Facebook Inc (NASDAQ:FB), before the bottom finally fell out and investors’ fears for a correction materialized.

Although less common, a few small - cap stocks offer both healthy growth prospects and steady, ample dividends. SEE ALSO: The Best Stock in Every State to Buy Now .

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Fool contributor Will Ashworth has no position in any stocks mentioned. Kinaxis and Tricon are recommendations of Stock Advisor Canada.

Follow @MSNMoneyCanadaon Twitter.

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