Latest Stock Advice
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
Gen Digital Inc. is trading quite cheaply for a firm that just grew revenue nearly 26% while providing plenty of cash flow for innovation, dividends and buybacks.
AT&T Inc. offers a 4.2% yield at an attractive valuation as it’s tapped to generate over $18 billion in free cash flow while continuing to build ultrafast wireless and fibre-optic networks.
What is the best way to save for retirement? The answer depends on individual investors and the goals they have for retirement. However, starting your retirement investing early and utilizing proven strategies and investment types will help you save the most.
Become a Successful Investor
Staying away from the most volatile penny stocks will help you build a more stable and diversified portfolio of higher-quality stocks
Helium stocks, often associated with balloons and airships, is not just about a light-hearted gas; helium is a vital element.
Energy sector stocks can round out any well balanced portfolio—and there is a crucial role they can play
MONSANTO CO., $85.89, New York symbol MON, develops and sells technology-based agricultural products, such as genetically modified seeds, to farmers, grain processors and food companies. It also sells weed- and pest-control products.
The stock fell 5% this week after the company cut its earnings forecast for the current fiscal year. That’s mainly because the high U.S. dollar is hurting the contribution of its overseas sales. As well, lower crop prices give farmers less cash to spend on seeds and pesticides.
For its 2016 fiscal year, which ends August 31, 2016, Monsanto expects to earn $4.40 to $5.10 a share, excluding unusual items. That’s down from its earlier forecast $5.10 to $5.60.
The stock now trades at 18.1 times the midpoint of Monsanto’s new range. That’s a reasonable p/e in light of the worldwide need for more and better food. Moreover, Monsanto spends over 10% of its revenue on research, so it’s more profitable than it seems.
OUR RECOMMENDATION: Monsanto is still a buy.
...
The stock fell 5% this week after the company cut its earnings forecast for the current fiscal year. That’s mainly because the high U.S. dollar is hurting the contribution of its overseas sales. As well, lower crop prices give farmers less cash to spend on seeds and pesticides.
For its 2016 fiscal year, which ends August 31, 2016, Monsanto expects to earn $4.40 to $5.10 a share, excluding unusual items. That’s down from its earlier forecast $5.10 to $5.60.
The stock now trades at 18.1 times the midpoint of Monsanto’s new range. That’s a reasonable p/e in light of the worldwide need for more and better food. Moreover, Monsanto spends over 10% of its revenue on research, so it’s more profitable than it seems.
OUR RECOMMENDATION: Monsanto is still a buy.
...
BANK OF NOVA SCOTIA, $59.50, Toronto symbol BNS, reported better-than-expected results this week. It also raised its dividend.
For the fiscal 2016 first quarter, earnings rose 5.1%, to $1.8 billion from $1.7 billion a year earlier. Due to fewer shares outstanding, earnings per share gained 5.9%, to $1.43 from $1.35. That beat the consensus estimate of $1.42.
The bank’s revenue also beat the consensus forecast, of $6.3 billion. It rose 8.6%, to $6.4 billion from $5.9 billion.
Earnings at its Canadian banking division (49% of the total) rose 7.4%. That’s partly due to a $1.7 billion deal with J.P. Morgan Chase to buy its Canadian credit card operations. This includes MasterCard and Sears Canada credit card accounts.
The international division (31% of earnings) reported 20.9% higher profits, thanks to strong loan demand in Latin America and favourable currency rates. However, earnings at the securities-trading division (20%) fell 9.4% on higher loan-loss provisions.
...
For the fiscal 2016 first quarter, earnings rose 5.1%, to $1.8 billion from $1.7 billion a year earlier. Due to fewer shares outstanding, earnings per share gained 5.9%, to $1.43 from $1.35. That beat the consensus estimate of $1.42.
The bank’s revenue also beat the consensus forecast, of $6.3 billion. It rose 8.6%, to $6.4 billion from $5.9 billion.
Earnings at its Canadian banking division (49% of the total) rose 7.4%. That’s partly due to a $1.7 billion deal with J.P. Morgan Chase to buy its Canadian credit card operations. This includes MasterCard and Sears Canada credit card accounts.
The international division (31% of earnings) reported 20.9% higher profits, thanks to strong loan demand in Latin America and favourable currency rates. However, earnings at the securities-trading division (20%) fell 9.4% on higher loan-loss provisions.
...
BANK OF NOVA SCOTIA $57.75 (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $69.7 billion; TSINetwork Rating: Above Average; Dividend yield: 5.0%, www.scotiabank.com) is the third-largest of Canada’s five big banks. In the three months ended January 31, 2016, the bank earned $1.81 billion. That is up 5.1% from $1.73 billion a year earlier. Earnings per share increased 5.9%, to $1.44 from $1.36, on fewer shares outstanding. Revenue rose 8.6%, to $6.4 billion from $5.9 billion. Earnings at the Canadian banking division (50% of the total) rose 7.4%, mostly due to higher fee income and steady loan and deposit growth. The international division (30% of earnings) reported 21.0% higher profits, thanks to strong loan, deposit and fee growth in Latin America. However, earnings at the securities-trading division (20%) fell 9.4% on lower earnings at its U.S. investment-banking operations....