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TipRanks Adds New Canadian Stock Feature

TipRanks has over 5,000 US and Canada-based stocks in its coverage universe.

And now investors can take better advantage of the depth of this data.

Both the Trending Stocks tool and Daily Analyst Ratings tool now have a special filtering option for Canadian stocks.

To choose the US or Canada market (or both), look out for a new US/Canada toggle feature.

The result: you can now focus specifically on Canadian stocks when looking for fresh investing ideas, or when you are tracking the latest market activity. Bear in mind the default option is only US stocks.

To see how this works in practice let’s take a closer look now:

Trending Stocks

The Trending Stocks tool let’s you pinpoint the best or most-rated stocks over a number of different time periods. As you can see from the screenshot below, the option to choose Canada as your market now pops up as one of the filtering options on the left.

By selecting Canada and the following filters: best-rated stocks, a period of 30 days, and all market caps, we pull up stocks such as NuVista Energy (NVA).

NVA has received 6 back-to-back buy ratings in the last 30 days, and its C$7.83 average price target indicates 83% upside potential.

“NuVista’s execution remains strong and consistent, with results from the company’s liquids-rich Montney campaign continuing to improve with time” writes RBC Capital’s Michael Harvey (Track Record & Ratings). He has just reiterated his NVA buy rating, citing a quality beat in Q318.

Daily Analyst Ratings

The second tool to look out for is Daily Analyst Ratings. As the name implies, this tool enables you to pull up and screen all the Street’s latest ratings.

Note that it is possible to select only five-star analysts using the filtering options on the left-hand side. This is based on the analyst’s success rate and average return.

Specifying only Canadian stocks, we can see that five-star RBC Capital analyst Paul Quinn (Track Record & Ratings) has just reiterated buy ratings on a number of stocks. This includes companies like Norbord (OSB) and Interfor (IFP).

Quinn, a Vancouver-based analyst, sees 59% potential upside for OSB, a stock that specializes in producing construction materials. “We believe Norbord is very well positioned to benefit from improving demand trends in both NA and Europe over the medium-to-long term” he writes, adding “Norbord’s North America operations are best in class.”

Discover top Canadian stock picks for 2019

Go to TipRanks Research Tools to dig deeper into the best-rated Canadian stocks now

Harriet Lefton
Harriet Lefton, originally from the UK, began her career as a journalist specialising in the niche world of metal markets. She graduated from the University of Cambridge before becoming a qualified UK lawyer. Now she has turned her attention to the world of financial blogging, covering US stocks, analysts and all manner of things finance-related.

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