A Look Back at My 1st 5 Stock Picks

Aphria Inc. (TSX:APH) has had incredible returns in the past few months. I’m kicking myself because I didn’t take my own advice.

Now that 2017 has come to a close, it’s time to look back at the stock picks that I made this year to see how I did. Whether good or bad, I like to have an honest review of how my stocks did, so I can see what went right and what didn’t.

Below are the five picks I made this year and their results.

Cenovus Energy Inc. (TSX: CVE)(NYSE: CVE) was the very first stock pick I made back in August. On the first trading day of August, the stock closed at $10.15, which I’ll use as my starting point. Since that time, the stock price has reached a high of over $14 before dropping back down to $11.48 to finish the year.

Although the price has declined, that pick would have netted a nice return of over 13%.

With the price of oil continuing to rise, and OPEC agreeing to extend cuts, this is definitely a stock I would hang on to, as there is certainly potential for it to continue to rise.

I took a bit of a safer pick in September when I went with Canadian Imperial Bank of Commerce (TSX: CM)(NYSE: CM). Since then, the stock has risen 17% and finished the year above $122. The bank had been having a difficult year up until that point, and its recovery was overdue.

CIBC offers investors a great 4% yield that will continue to grow, and that makes the stock a great long-term buy.

In October, Open Text Corp. (TSX: OTEX)(NASDAQ: OTEX) was my pick for the month, as the stock came off a 52-week low. The share price has seen some fluctuations since October, but a late push at the end of the year has the share price up 11% since when I made the selection.

The company’s most recent quarter saw strong top-line growth, and what I like most about the company is that it has a great deal of recurring revenue thanks in part to a lot of service and subscription-related sales. The stock provides investors with lots of stability, and it’s still a great investment to hold on to in 2018.

Aphria Inc. (TSX:APH) was my stock selection for November, and boy did it do well. Since then, the share price has increased 143%, as other cannabis stocks have also done tremendously well in the past few months. What I like most about Aphria is its leadership and that its business focuses on profitability and not just growth.

However, had I bought the stock back in November, I’d considering selling it at its astronomical valuation today. I don’t anticipate the stock can continue this incredible pace, and if you’ve made a good profit on it, you may want to consider cashing out.

Sierra Wireless, Inc. (TSX: SW)(NASDAQ: SWIR) rounds out my final pick for 2017, and it’s been the only one to disappoint thus far. Although it’s only been a month, the share price has tanked 12% since the start of December. It has only been a month, so there is still time for the stock to recover.

The Internet of Things industry is an exciting one that has lot of growth potential, and Sierra’s stock could see a lot of upside as a result of that.

Fool contributor David Jagielski has no position in any of the stocks mentioned. David Gardner owns shares of Sierra Wireless. The Motley Fool owns shares of Open Text and Sierra Wireless. Open Text is a recommendation of Stock Advisor Canada.

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