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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How to identify the top copper mining stocks—and how to best to fit them into your portfolio
A Member of Pat McKeough’s Inner Circle asked for his advice on an ETF that focuses on Canadian finance firm common shares, preferred shares and corporate bonds.
Pat likes the high distribution rate but warns that rate may be unsustainable....
Pat likes the high distribution rate but warns that rate may be unsustainable....
Callidus Capital, $11.16, symbol CBL on Toronto (Shares outstanding: 49.3 million; Market cap: $551.6 million; www.calliduscapital.ca), offers loans to mostly mid-sized Canadian and U.S. companies that are unable to get adequate financing from traditional lenders. Its clients include technology and resource firms. These borrowers typically have trouble getting financing because they’re seen as higher risk, or because they only require small loans. Callidus’s loans typically range from $5 million to $50 million. The company first sold shares to the public and began trading on the Toronto exchange at $14 on April 23, 2014....
Mainstreet Equity, $32.50, symbol MEQ on Toronto (Shares outstanding: 10.3 million; Market cap: $333.9 million; www.mainst.biz), owns 216 properties with 9,319 apartment units, mainly in Western Canada. In the three months ended June 30, 2015, Mainstreet’s revenue rose 9.3%, to $25.1 million from $23.0 million a year earlier. Cash flow per share gained 15.9%, to $0.73 from $0.63. Mainstreet’s total debt, including mortgages, is $672.0 million, or a high 201% of its market cap. That’s compared to, say, RioCan Real Estate Investment Trust, a recommendation of our Successful Investor newsletter, whose total debt of $6.7 billion is 82.0% of its market cap....
Developing no drugs of its own, Canada’s Merus Labs is a penny stock that relies exclusively on acquisitions to grow—and that adds risk.
APPLE INC., $119.50, Nasdaq symbol AAPL, reported better-than-expected results this week, thanks to strong demand for new models of its iPhone and Mac computers.
In its fiscal 2015 fourth quarter, which ended September 26, 2015, the company sold 48.0 million iPhones, up 22.3% from 39.3 million a year earlier, mainly due to strong demand in China. Even so, that missed the consensus forecast of 48.7 million.
Overall earnings jumped 31.4% to $11.1 billion from $8.5 billion. Per-share profits gained 38.0%, to $1.96 from $1.42, on fewer shares outstanding, beating the consensus estimate of $1.88.
Sales rose 22.3%, to $51.5 billion from $42.1 billion, also exceeding the consensus forecast of $51.1 billion.
In addition to strong demand for the iPhone (63% of total sales), sales of Mac computers (13%) gained 3.9%, while sales of software, music and movies (10%) rose 10.4%. The company bundles its new Apple Watch with other products, like iPods and Beats headphones. Sales in this category (6%) jumped 60.7%.
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In its fiscal 2015 fourth quarter, which ended September 26, 2015, the company sold 48.0 million iPhones, up 22.3% from 39.3 million a year earlier, mainly due to strong demand in China. Even so, that missed the consensus forecast of 48.7 million.
Overall earnings jumped 31.4% to $11.1 billion from $8.5 billion. Per-share profits gained 38.0%, to $1.96 from $1.42, on fewer shares outstanding, beating the consensus estimate of $1.88.
Sales rose 22.3%, to $51.5 billion from $42.1 billion, also exceeding the consensus forecast of $51.1 billion.
In addition to strong demand for the iPhone (63% of total sales), sales of Mac computers (13%) gained 3.9%, while sales of software, music and movies (10%) rose 10.4%. The company bundles its new Apple Watch with other products, like iPods and Beats headphones. Sales in this category (6%) jumped 60.7%.
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