Latest Stock Advice
Nutrien Ltd. offers exposure to potash and nitrogen prices, a stable retail base and strong profitability.
Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
Become a Successful Investor
Learn how a market linked GIC works, what returns to expect, and how Canadian investors can judge the trade-off between safety and upside.
Investing in high-risk investment opportunities may look like a quick way to supercharge your portfolio gains—but it’s more likely to kill those gains
The U.S. election year stock market rule can be profitable for investors in any political climate
AMERICAN EXPRESS CO., $59.44, New York symbol AXP, rose 2% this week on speculation that WELLS FARGO &CO., $50.05, New York symbol WFC, will soon launch a takeover offer. Berkshire Hathaway (New York symbol BKB.B), the holding company controlled by billionaire investors Warren Buffett, owns 15.6% of American Express and 9.8% of Wells Fargo. An acquisition would enhance Wells Fargo’s credit card business and give it access to Amex’s high-quality clientele. In addition, the bank’s large depositor base provides a lower-cost way of funding credit card loans. Combining the two businesses would also allow Wells Fargo to eliminate overlapping operations....
IMPERIAL OIL LTD., $44.40, Toronto symbol IMO, is selling its 497 company-owned Esso gas stations to independent operators for $2.8 billion. Following the sale, franchisees will operate all of its 1,700 Esso stations across Canada. The buyers include Alimentation Couche-Tard (Toronto symbol ATD.B). It is purchasing 279 stations in Ontario and Quebec. (Alimentation Couche-Tard is a recommendation of Stock Pickers Digest, our newsletter that focuses on aggressive investments.) In addition, 7-Eleven Canada is getting 148 stations in Alberta and British Columbia. Parkland Fuel (Toronto symbol PKI), will buy 17 stations in Saskatchewan and Manitoba....
TECK RESOURCES LTD. $10 (Toronto symbol TCK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 576.3 million; Market cap: $5.8 billion; Price-to sales ratio: 0.7; Dividend yield: 1.0%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steel making. Its six coal mines (five in B.C. and one in Alberta) account for 11% of global demand. Asian customers buy 75% of the company’s coal. In 2015, coal accounted for 37% of its revenue and 34% of its earnings. Teck also produces zinc (34%, 31%), which prevents rusting when added to steel. The company is a major supplier of copper (29%, 35%), and produces other metals, including gold, lead and molybdenum (which is used in steelmaking)....