GREAT-WEST LIFECO $22 (Toronto symbol GWO; Shares outstanding: 959.8 million; Market cap: $21.0 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%) is Canada’s largest insurance company, with $497 billion in assets under administration. It also operates in the U.S. and Europe. In addition to insurance, Great-West sells wealth management and other financial services.
In the three months ended June 30, 2011, …read more »
3M Company, New York symbol MMM, makes over 55,000 consumer and industrial products, including Post-it notes, Scotch tape, Scotch-Brite cleaning products, Scotchguard fabric protection and Thinsulate insulation.
3M is one of the large cap stocks we analyze in Wall Street Stock Forecaster, our newsletter that recommends stocks for the part of your portfolio you devote to U.S. investments.
In the three months …read more »
Torstar’s earnings jumped in the latest quarter, but its shares have fallen, because it missed consensus estimates. Still, its cost cuts should make its newspapers more profitable, and its Internet businesses are growing quickly. As well, Harlequin should gain from the shift to ebooks from printed books. Torstar now trades at just 6.3 times its likely 2011 earnings of $1.72 …read more »
TRANSCANADA CORP. $39.56 (Toronto symbol TRP; Shares outstanding: 691.7 million; Market cap: $27.9 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.transcanada.com) has opened its second
pipeline in Mexico. This new, 307-kilometre line pumps natural gas from the country’s west coast to another gas pipeline in Guadalajara. This new pipeline cost $360 million U.S. To put that in context, TransCanada earned …read more »
GEORGE WESTON LTD. $66.61 (Toronto symbol WN; Shares outstanding: 129.1 million; Market cap: $8.7 billion; TSINetwork Rating: Above Average; Dividend yield: 2.2%) operates through Weston Foods, which makes fresh and frozen baked goods in Canada and the U.S., as well as its 63% interest in Loblaw.
Weston’s revenue rose 0.7% in the three months ended June 30, 2011, to $7.53 billion …read more »
American Express Co., New York symbol AXP, gets most of its revenue from the fees it charges merchants when consumers use its credit and charge cards. It also provides travel-agency services.
American Express is one of the blue chip stocks we analyze in Wall Street Stock Forecaster, our newsletter for investing in the U.S. stock markets.
The company continues to set aside …read more »
GENERAL ELECTRIC CO. $18 (New York symbol GE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 10.6 billion; Market cap: $190.8 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.2%; TSINetwork Rating: Above Average; www.ge.com) is seeing rising demand for consumer and business loans at GE Capital, its finance division. That’s helping the company offset slower growth at its industrial businesses, …read more »
WAL-MART STORES INC. $53 (New York symbol WMT; Conservative Growth Portfolio: Consumer sector; Shares outstanding: 3.5 billion; Market cap: $185.5 billion; Price-to-sales ratio: 0.4; Dividend yield: 2.8%; TSINetwork Rating: Above Average; www.walmart.com) has started streaming high-definition movies through its web site. Customers can either rent or buy these films.
Demand for movie-streaming services is growing strongly. This new service will help …read more »
IMPERIAL OIL $45.38 (Toronto symbol IMO; Shares outstanding: 854.2 million; Market cap: $38.7 billion; TSINetwork Rating: Average; Dividend yield: 1.0%; www.imperialoil.ca) is a major integrated-oil company that gets most of its production from its oil-sands projects in Alberta. Imperial also has conventional oil and natural-gas operations in western Canada, and holds interests in offshore projects in Atlantic Canada. The company’s …read more »
Imperial Oil’s large oil and gas reserves will let it grow for decades. To tap into those reserves, Imperial will spend $3.5 billion to $4 billion a year over the next 10 years (for a total of $35 billion to $40 billion). Its cash flow is forecast to be over $3.8 billion this year, so it can meet its spending …read more »
Pat McKeough believes investors will profit most, and with the least risk, by buying shares of blue chip companies — those that are well-established, with strong balance sheets and steady cash flows. These are companies that have bright prospects in healthy industries. They also have strong management that is capable of remaining competitive in a changing marketplace. The best blue chips offer both capital gains growth potential and regular dividend income.
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