Latest Stock Advice
Top pick Yum Brands Inc. gives you sales growth, steady EPS growth, and a solid dividend
Teck Resources Ltd. is a solid bet on higher copper prices with its big merger winning approvals
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.
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BCE INC. $57 (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 849.4 million; Market cap: $48.4 billion; Price-to-sales ratio: 2.3; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.bce.ca) continues to benefit from strong demand for its wireless and high-speed Fibe Internet and TV services. In the quarter ended September 30, 2015, BCE’s earnings rose 21.9%, to $790 million from $648 million a year earlier. Per-share profits gained just 12.0%, to $0.93 from $0.83, on more shares outstanding. Revenue rose 2.9%, to $5.3 billion from $5.2 billion. The company added 77,655 new wireless subscribers under long-term contracts, net of cancellations, beating the consensus forecast of 77,400. Most of these customers use smartphones, which generate higher monthly fees than regular cellphones....
IMPERIAL OIL LTD. $42 (Toronto symbol IMO; Conservative Growth and Income Portfolios, Shares outstanding: 848.0 million; Market cap: $35.6 billion; Price-to-sales ratio: 1.4; Dividend yield: 1.3%; TSINetwork Rating: Average; www.imperialoil.ca) produced 386,000 barrels of oil equivalent a day in the three months ended September 30, 2015, up 25.7% from 307,000 a year earlier. That’s because Imperial recently completed the second phase of its 71%-owned Kearl oil sands project in northern Alberta. However, lower oil prices cut its revenue by 25.9%, to $7.2 billion from $9.7 billion. Cash flow per share fell 32.9%, to $1.10 from $1.64. Even so, Imperial plans to keep expanding Kearl and Cold Lake, its other main oil sands project. These operations, which should last decades, will prosper when oil prices rebound....
ENBRIDGE INC. $50 (www.enbridge.com) is paying $750 million for 24.9% of the 400-megawatt Rampion offshore wind project in the English Channel. To put that price in context, Enbridge earned $399 million, or $0.79 a share, in the third quarter of 2015. Construction on this wind farm began in September 2015, and it should start up in 2018....
With an improving U.S. economy, cost-cutting and smart growth, we view Wells Fargo as a lower-risk value stock for conservative investors.