5 Best Canadian Stocks To Watch Right Now

Canadian stocks fell, erasing earlier gains after a six-day rally, as a slump in commodity shares overshadowed a Bank of Canada decision to remove its bias toward tightening monetary policy.

BlackPearl Resources Inc. and Suncor Energy Inc., the nation�� largest oil producer, fell more than 2.2 percent as crude dropped to its lowest in almost four months. Teck Resources Ltd. (TCK/B) lost 1 percent as copper retreated after surging interest rates eroded the outlook for demand in China. Canadian National Railway Co. and Canadian Pacific Railway Ltd. rallied to all-time highs after posting better-than-estimated earnings.

The Standard & Poor��/TSX Composite Index (SPTSX) fell 4.74 points, or less than 0.1 percent, to 13,243.32 at 4 p.m. in Toronto, erasing an earlier advance of 0.5 percent. The benchmark Canadian equity gauge rallied 2.8 percent in the previous six days, reaching a two-year high.

��he attention is shifting to some concerns on the actual global economy, so that�� definitely weighing on oil prices,�� Youssef Zohny, portfolio manager at Stenner Investment Partners of Richardson GMP Ltd., said by phone from Vancouver. Richardson GMP manages about C$16 billion ($15.4 billion). ��esources and commodities still make up almost half the index, so any weakness in the commodity space should feed its way into the TSX index.��

10 Best Diversified Bank Stocks To Watch Right Now: Hudbay Minerals Inc (HBM)

HudBay Minerals Inc., an integrated mining company, engages in the exploration and development of copper, zinc, and precious metals mines in North and South America. It primarily produces copper concentrates containing copper, gold, and silver; and zinc metal. The company principally owns underground 777 mine that covers an area of 4,400 hectares and is located in Flin Flon, Manitoba. It also owns ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan. The company was founded in 1992 and is based in Toronto, Canada.

Advisors' Opinion:

• [By Dan Caplinger]

  Dan also highlights a new agreement with Brazil's Vale (NYSE: VALE  ) as an example of a new partner streaming agreement that features a focus on gold. Can Silver Wheaton continue to profit from future agreements with partners such as Barrick Gold (NYSE: ABX  ) , Primaro Mining (NYSE: PPP  ) , and Hudbay Minerals (NYSE: HBM  ) ?

• [By Sean Williams]

  In August, Silver Wheaton reached its most recent deal with HudBay Minerals (NYSE: HBM  ) , securing the rights to its silver production at a low fixed-cost of $5.90 per ounce and 100% of its gold production at its 777 mine through at least 2016 for $400 an ounce In return, Silver Wheaton will fork over up to $750 million in cash for the buildout of HudBay's Constancia mine. Even with the tumble metal prices took this week, Silver Wheaton's margins will continue to remain fat with gold hovering near $1,400 an ounce and silver near $23 an ounce, and its dividend could still head even higher.

• [By Dan Caplinger]

  Dan, however, does believe CEO Randy Smallwood has the experience necessary to deal with these challenges. Strategies may include obtaining better terms from existing partners such as Barrick Gold (NYSE: ABX  ) , Goldcorp (NYSE: GG  ) , and Hudbay Minerals (NYSE: HBM  ) on future contracts.

5 Best Canadian Stocks To Watch Right Now: Mistras Group Inc (MG)

Mistras Group, Inc. provides technology-enabled asset protection solutions to evaluate the structural integrity and reliability of critical energy, industrial, and public infrastructure worldwide. It provides traditional non-destructive testing (NDT) services; advanced NDT services; and mechanical integrity services. The company also offers software solutions, including Plant Condition Monitoring Software and Systems, an enterprise software that allows its customers for the warehousing and analysis of data. In addition, it provides Advanced Data Analysis Pattern Recognition and Neural Networks software, which enables acoustic emission (AE) experts to develop automated remote monitoring systems; AE Software Platform, a windows based real time application software; Loose Parts Monitoring Software program for monitoring, detecting, and evaluating metallic loose parts in nuclear reactor coolant systems; and Automated UT and Imaging Analysis Software for analyzing ultrasonic in spection data, and visualizing and identifying the location and size of flaws. Further, the company�s technology packages include TANKPAC for tank inspections; POWERPAC for monitoring discharges in critical power grid transformers; and Acoustic Combustion Turbine Monitoring System, an on-line system to detect stator blade cracks in gas turbines. Additionally, it offers digital radiographic systems to solve specific industrial problems; AE sensors, instruments, and turn-key systems, as well as leak monitoring and detection systems; ultrasonic equipment; vibration sensing products; and on-line monitoring services. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

Advisors' Opinion:

• [By Monica Gerson]

  Mistras Group (NYSE: MG) shares fell 7.71% to $20.47 after the company reported downbeat Q3 earnings and lowered its FY14 EBITDA forecast

  WD-40 Company (NASDAQ: WDFC) slipped 5.58% to $73.48 after the company reported weaker-than-expected FQ2 earnings.

• [By Wallace Witkowski]

  Stock in Mistras Group Inc. (MG) �rose 6.9% to $23.99 on light volume after the company raised its revenue outlook for the year to a range of $590 million to $615 million. Analysts expected $592.1 million.

5 Best Canadian Stocks To Watch Right Now: Primerica Inc.(PRI)

Primerica, Inc., together with its subsidiaries, engages in the distribution of financial products on behalf of third parties to middle income households in the United States and Canada. The company operates in three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment underwrites term life insurance products. The Investment and Savings Products segment distributes mutual funds, variable annuities, fixed annuities, and segregated funds. The Corporate and Other Distributed Products segment provides mortgage loans, which include debt consolidation or refinance, and purchase money loans; unsecured loans; prepaid legal services that assist subscribers with legal matters, such as drafting wills, living wills and powers of attorney, trial defense, and motor vehicle-related matters; mail-order student life products; short-term disability benefit insurance; and auto and homeowners? insurance products. The company was founded in 1927 and is based in Duluth, Georgia.

Advisors' Opinion:

• [By Rich Duprey]

  Private equity investor Warburg Pincus has been a shareholder in term life insurance underwriter Primerica� (NYSE: PRI  ) since its IPO in 2010. However, the financial products marketer will be buying back all of the holdings Warburg Pincus owns for $154.7 million. That translates into�almost�2.5 million shares of common stock�and warrants that �are�exercisable for 4.1 million shares.

5 Best Canadian Stocks To Watch Right Now: Credit Suisse Group(CS)

Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.

Advisors' Opinion:

• [By Sofia Horta e Costa]

  Axa SA (CS) climbed 1.6 percent to 13.93 euros after the Paris- based insurer agreed to sell a U.S. unit to Protective Life Corp. for $1.06 billion. Axa is selling Mony Life Insurance Co. and transferring some obligations to Birmingham, Alabama-based Protective, the companies said today in separate statements.

• [By Trey Thoelcke]

  Last March, Morgan Stanley sold most of its wealth management business in Europe, the Middle East and Africa to Credit Suisse Group A.G. (NYSE: CS). At the time, that business had some $13 billion in assets under management. The Swiss business was not part of that deal.

• [By Eric Volkman]

  The bookrunners of the issue are Goldman Sachs, Bank of America's Merrill Lynch, and the Securities units of Deutsche Bank and Credit Suisse (NYSE: CS  ) . The offering is expected to close "on or about" June 26.