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CGI Inc. investors continue to benefit from organic growth and accretive acquisitions, with a downside cushion from a contract‑driven, government‑heavy base.
Top pick Walmart Inc.’s earnings are projected to grow by double digits in 2027 while the stock boasts a “quality premium” to reflect its successful tech pivot.
Intact Financial Corp. is a #1 Power Buy for 2026 as it continues to demonstrate excellence in its field as Canada’s largest property and casualty insurer.
Telus Corp. offers an exceptional 9.0% yield as it seeks to pay down debt while pursuing attractive value-unlock ventures including AI datacentres.
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ENBRIDGE INC. $46.75 (Toronto symbol ENB; Shares outstanding: 867.6 million; Market cap: $40.8 billion; TSINetwork Rating: Above Average; Divd. yield: 4.5%; www.enbridge.com) has agreed to sell 56.6 million common shares at $40.70 a share to several major brokerage firms to raise $2.3 billion. Enbridge will put that cash toward $18.2 billion in spending on new pipelines, wind farms and other projects between 2016 and 2019. The company has already secured shipping commitments from oil producers and other clients. That should cut the risk for these new projects. The extra cash flow from the new operations will allow Enbridge to increase its dividend by 10% to 12% a year through 2019; the current annual rate of $2.12 a share yields 4.5%. However, the stock is somewhat expensive at 21.0 times its projected 2016 earnings of $2.23 a share....
IBM $136.30 (New York symbol IBM; Shares outstanding: 970.1 million; Market cap: $130.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.ibm.com) will buy Truven Health Analytics, a private firm that provides hospitals and pharmaceutical companies with analytic data services. Truven will become part of IBM’s Watson Health business. It uses advanced artificialintelligence technology to process and analyze large volumes of data, including patient records, drug information and insurance claims. That helps hospitals and clinics reduce errors and cut their costs. IBM will pay $2.6 billion for Truven when it completes the purchase later this year....
PENGROWTH ENERGY $1.18 (Toronto symbol PGF; Shares outstanding: 543.0 million; Market cap: $564.8 million; TSINetwork Rating: Average; No dividends paid; www.pengrowth.com) produces oil and natural gas, mostly in Western Canada. This includes its Lindbergh oil sands project in Alberta. Pengrowth has suspended its $0.01-a-share quarterly dividend in response to the sharp decline in oil prices. It will also reduce its capital spending to between $60 million to $70 million in 2016, from $184 million in 2015. The company also laid off workers. That should save it $25 million in 2016. In addition, Pengrowth aims to sell $600 million of less important properties. These funds will probably go toward paying down its $2.1 billion debt. That’s now 3.7 times its depressed market cap....
ISHARES MSCI EMERGING MARKETS INDEX FUND $31.82 (New York symbol EEM; buy or sell through brokers) aims to track the MSCI Emerging Markets Index. The fund’s geographic breakdown includes China, 24.0%; South Korea, 15.3%; Taiwan, 12.8%; India, 8.0%; South Africa, 6.4%; Brazil, 5.7%; Mexico, 4.6%; Russia, 3.7%; Malaysia, 3.5%; Indonesia, 3.0%; Thailand, 2.3%; and Turkey, 1.5%. Its top holdings are Samsung Electronics (South Korea), 3.8%; Taiwan Semiconductor (computer chips), 3.4%; Tencent Holdings (China: Internet), 2.9%; China Mobile, 2.0%; China Construction Bank, 1.5%; Naspers (South Africa: media and Internet), 1.5%; Industrial & Commercial Bank of China, 1.1%; and Hon Hai Precision (Taiwan), 1.0%....