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Sun Life Financial Inc. and Manulife Financial Corp. each offers a combination of solid earnings growth, ongoing share repurchases, and impressive dividend yields.
Groupe Dynamite Inc. is a high‑quality specialty retailer with gains ahead.
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.
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When investing in rare earth metals, you need to look at the unique geographical and political environment the mining company produces in.
There will always be stocks you’ll wish you bought, especially after you see their growth. Here’s what to look for so you won’t miss out.
Element Financial Corp., $18.57, symbol EFN on Toronto (Shares outstanding: 383.9 million; Market cap: $7.1 billion; www.elementfinancial.ca), is a leading independent North American equipment-finance company.
Element operates across the continent through four segments: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance.
Commercial and Vendor Finance focuses on equipment for markets ranging from transportation and construction to industrial, health care, golf and office products.
Aviation Finance provides loans for helicopters, simulators, business aircraft and related gear. Fleet Management mainly leases vehicles, and Rail Finance provides railcar leasing.
The company has grown rapidly. In June 2013, it paid $570 million for GE Fleet Canada, which it has combined with its Fleet Management segment. In December 2013, Element bought $348 million U.S. worth of helicopter and railcar leases from GE Capital and Trinity Industries (symbol TRN on New York).
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Element operates across the continent through four segments: Commercial and Vendor Finance, Aviation Finance, Fleet Management and Rail Finance.
Commercial and Vendor Finance focuses on equipment for markets ranging from transportation and construction to industrial, health care, golf and office products.
Aviation Finance provides loans for helicopters, simulators, business aircraft and related gear. Fleet Management mainly leases vehicles, and Rail Finance provides railcar leasing.
The company has grown rapidly. In June 2013, it paid $570 million for GE Fleet Canada, which it has combined with its Fleet Management segment. In December 2013, Element bought $348 million U.S. worth of helicopter and railcar leases from GE Capital and Trinity Industries (symbol TRN on New York).
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HSBC Holdings plc (ADR), $39.85, symbol HSBC on New York (ADRs outstanding: 3.9 billion; Market cap: $156.8 billion; www.hsbc.com), is one of the world’s largest banks, with 6,100 offices in just over 70 countries.
The U.K.-based bank has 40% of its assets in Asia, followed by Europe (30%), North America (18%), Latin America (7%) and the Middle East (5%). HSBC’s commercial banking division accounts for about 33% of its operating earnings; the global banking and markets business supplies 35%; and retail banking and wealth management contribute 25%.
Like many global banks, HSBC is selling non-core assets, including recent sales in Turkey and Brazil. In addition to cutting costs and streamlining its operations, these moves are helping the bank respond to tighter regulations and higher capital requirements.
HSBC also plans to use cash from these sales to expand in what it sees as higher-growth markets in Asia, including Indonesia, China, Vietnam, India and Malaysia.
Meantime, the bank expects to cut more jobs, with plans to eliminate 10% of its full time positions, or 22,000 to 25,000 workers, by the end of 2017.
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The U.K.-based bank has 40% of its assets in Asia, followed by Europe (30%), North America (18%), Latin America (7%) and the Middle East (5%). HSBC’s commercial banking division accounts for about 33% of its operating earnings; the global banking and markets business supplies 35%; and retail banking and wealth management contribute 25%.
Like many global banks, HSBC is selling non-core assets, including recent sales in Turkey and Brazil. In addition to cutting costs and streamlining its operations, these moves are helping the bank respond to tighter regulations and higher capital requirements.
HSBC also plans to use cash from these sales to expand in what it sees as higher-growth markets in Asia, including Indonesia, China, Vietnam, India and Malaysia.
Meantime, the bank expects to cut more jobs, with plans to eliminate 10% of its full time positions, or 22,000 to 25,000 workers, by the end of 2017.
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OCI Resources, $24.50, symbol OCIR on New York (Shares outstanding: 9.8 million; Market cap: $483.7 million; www.ociresources.com), is a limited partnership that operates OCI Wyoming LP’s trona-ore mining and soda-ash production business. Through its facility in Wyoming’s Green River Basin, OCI Wyoming is one of the world’s largest and lowest-cost natural soda-ash producers.
OCI Resources listed on the New York exchange and sold shares to the public on September 18, 2013, at $19 each.
The Green River operation mines trona, which is abundant in nature, and processes it into soda ash for a variety of consumable and industrial products, particularly glass, sodium-based chemicals and detergents. The Green River Basin has the world’s largest deposit of natural trona and supplies over 90% of U.S. soda ash production.
The facility has been operating for more than 50 years and has roughly 75 customers, including manufacturers and chemical producers.
In the three months ended June 30, 2015, OCI Resources’ revenue rose 8.1%, to $122.2 million from $113.0 million a year earlier. Earnings per share gained 15.7%, to $0.59 from $0.51.
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OCI Resources listed on the New York exchange and sold shares to the public on September 18, 2013, at $19 each.
The Green River operation mines trona, which is abundant in nature, and processes it into soda ash for a variety of consumable and industrial products, particularly glass, sodium-based chemicals and detergents. The Green River Basin has the world’s largest deposit of natural trona and supplies over 90% of U.S. soda ash production.
The facility has been operating for more than 50 years and has roughly 75 customers, including manufacturers and chemical producers.
In the three months ended June 30, 2015, OCI Resources’ revenue rose 8.1%, to $122.2 million from $113.0 million a year earlier. Earnings per share gained 15.7%, to $0.59 from $0.51.
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Rules you need to follow when buying mutual funds for the long-term success of your portfolio.