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CAMPBELL SOUP CO. $62 (New York symbol CPB; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 309.2 million; Market cap: $19.2 billion; Priceto- sales ratio: 2.4; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.campbellsoup company) is the world’s largest maker of canned soups. It also makes Pepperidge Farm cookies and V8 vegetable juices. The company continues to benefit from its recent job cuts and efficiency improvements. The plan should save it $300 million a year by 2018. The restructuring also helped Campbell earn $265 million in its fiscal 2016 second quarter. That’s a 19.4% increase from the $222 million a year earlier. Per-share earnings rose 19.7%, to $0.85 from $0.71, on fewer shares outstanding....

SNAP-ON INC. $163 (New York symbol SNA; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 58.2 million; Market cap: $9.5 billion; Price-to-sales ratio: 2.6; Dividend yield: 1.5%; TSINetwork Rating: Average; www.snapon.com) makes tools for auto mechanics and sells them through a fleet of franchised vans that visit garages. It also makes specialized tools for industrial customers. In the three months ended April 2, 2016, the company’s revenue gained 0.8%, to $834.2 million from $827.8 million a year earlier. But excluding exchange rates and acquisitions, sales gained 2.5%. Thanks to an ongoing efficiency plan, earnings per share rose 15.5%, to $2.16 from $1.87. The stock trades at 18.3 times the $8.93 a share that Snap-On will likely earn this year. That’s a somewhat high multiple for a company that relies on the cyclical automotive industry for 60% of its earnings....

MCCORMICK & CO. INC. $93 (New York symbol MKC; Income Portfolio, Consumer sector; Shares outstanding: 115.3 million; Market cap: $10.7 billion; Price-to-sales ratio: 2.8; Dividend yield: 1.8%; TSINetwork Rating: Average; www.mccormick.com) has paid $114 million for Botanical Food Co. Based in Australia, this firm makes packaged herbs under the Gourmet Garden brand. It sells these products mainly in Australia and North America. The purchase complements McCormick’s existing spice products. It will also add $53 million to its annual sales of $4.3 billion. The stock now trades at 24.9 times the $3.73 a share that the company will likely earn in its current fiscal year. That’s a high multiple in light of McCormick’s growth-by-acquisition strategy and currency risk....

TUPPERWARE BRANDS CORP. $60 (New York symbol TUP; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 50.5 million; Market cap: $3.0 billion; Priceto- sales ratio: 1.3; Dividend yield: 4.5%; TSINetwork Rating: Above Average; www.tupperwarebrands.com) makes plastic food and beverage containers, as well as cosmetics and fragrances. In the three months ended March 26, 2016, Tupperware’s sales fell 9.6%, to $525.7 million from $581.8 million a year earlier. Earnings per share also fell 10.8%, to $0.91 from $1.02. Overseas markets supplied 75% of the company’s sales; without exchange rates, sales rose 1% and earnings per share gained 10%. Due to lower raw material costs, Tupperware raised its 2016 earnings forecast to $4.28 to $4.38 a share, excluding exchange rates. That’s up from its earlier range of $3.81 to $3.91. The stock trades at a reasonable 13.9 times the midpoint of its new range....

TOYOTA MOTOR CO. ADRs $106 (New York symbol TM; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.5 billion; Market cap: $159.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.toyota.com) is the world’s largest carmaker. In its fiscal 2016 third quarter, which ended December 31, 2015, Toyota sold 2.22 million vehicles worldwide, down 2.1% from a year earlier. North American sales rose 2.2%. However, sales fell 4.5% in Europe, 1.0% in Japan and 3.2% in other parts of Asia. Revenue gained 1.9%, to $61.0 billion from $59.9 billion. Revenue in Japanese yen rose 2.4%. Cost cuts and favourable exchange rates boosted earnings per ADR by 4.7%, to $3.32 from $3.17 (each American depositary receipt equals two Toyota common shares)....

HONDA MOTOR CO. LTD. ADRs $28(New York symbol HMC; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.8 billion; Market cap: $50.4 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.honda.com) is Japan’s second largest carmaker and the world’s biggest motorcycle manufacturer. In its fiscal 2016 third quarter, which ended December 31, 2015, Honda sold 1.23 million vehicles, up 4.6% from a year earlier. The launch of new models in China increased Asian sales by 16.7%. Sales in Europe also jumped 19.4%. However, sales fell 1.7% in North America and 6.8% in Japan. Motorcycle sales declined 3.9% due to weaker demand in Japan and other parts of Asia. For the quarter, revenue rose 4.4%, to $30.1 billion from $28.9 billion. Due to costs related to fixing faulty airbags and unfavorable exchange rates, earnings per ADR declined 6.6%, to $0.61 from $0.57 (each ADR equals one common share)....

SONY CORP. ADRs $26 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $33.8 billion; Price-to-sales ratio: 0.4; Dividend yield 0.3%; TSINetwork Rating: Average; www.sony.com) has also had to shut down two plants in Japan due to earthquake damage. These facilities make image sensors for smartphones. The company has also warned that slowing demand for high-end smartphones has hurt sales of these sensors. In addition, negative interest rates in Japan are hurting earnings at Sony’s banking and insurance operations. The company has now cut its operating profit forecast for the fiscal year ended March 31, 2016, by about 9% to $2.6 billion. Sony is a hold.

PHILIPS ELECTRONICS N.V. ADRs $28 (New York symbol PHG; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 917.1 million; Market cap: $25.7 billion; Price-to-sales ratio: 0.9; Dividend yield: 3.1%; TSINetwork Rating: Average; www.philips.com) had a deal to sell 80.1% of its Lumileds subsidiary, which makes lightemitting- diode (LED) components, to a Chinese firm. However, U.S. regulators blocked the sale. As a result, Phillips now plans to sell shares in its entire lighting division, including Lumileds, to the public. That could raise $6 billion, and set the stage for a possible spinoff. It would also allow the company to focus on its health care products, including X-ray scanners and ultrasound systems, and consumer goods such as electric shavers and coffee makers. Philips is still a buy.

ABB LTD. ADRs $21 (New York symbol ABB; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 2.2 billion; Market cap: $46.2 billion; Price-to-sales ratio: 1.3; Dividend yield: 3.6%; TSINetwork Rating: Above Average; www.abb.com) makes transformers, transmission systems and circuit breakers for electrical utilities. It also produces automation systems and robotics for industrial clients. Slowing growth in China and a higher U.S. dollar caused ABB’s sales in the first quarter of 2016 to fall 7.6%, to $7.9 billion from $8.6 billion a year earlier. But thanks to a new restructuring plan, earnings per ADR were flat at $0.28. ABB expects its restructuring to save it $1 billion annually by the end of 2017. ABB is a buy....

NORDSTROM INC. $53 (New York symbol JWN; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 172.9 million; Market cap: $9.2 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.8%; TSINetwork Rating: Average; www.nordstrom.com) mainly sells upscale clothing, accessories and footwear. It owns and operates 326 stores in the U.S. and Canada. The company is facing stronger competition from online retailers. In response, it plans to cut jobs at its corporate and regional support centres. In all, these layoffs represent 1% of its workforce. The cuts should save Nordstrom $60 million a year; it earned $600 million, or $3.15 a share, in the fiscal year ended January 30, 2016. The company will invest the savings in its own e-commerce operations....

NVIDIA CORP. $37 (Nasdaq symbol NVDA; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 544.6 million; Market cap: $20.2 billion; Price-to-sales ratio: 3.9; Dividend yield: 1.2%; TSINetwork Rating: Average; www.nvidia .com) is a leading designer of 3D-capable video chips, which help video games run more smoothly and appear more lifelike. In the fiscal year ended January 31, 2016, Nvidia’s revenue rose 7.0%, to a record $5.0 billion from $4.7 billion a year earlier. Sales of its graphic video chips (84% of the total revenue) gained 9.1%. That’s because Nvidia is doing a good job developing chips for virtual reality devices, self-driving cars and data centres. However, sales of its Tegra chips for mobile devices (11%) fell 3.5%. Licensing revenues (5%) were flat. Nvidia earned $929 million in fiscal 2016. That’s up 16.0% from $801 million a year earlier. Per-share profits rose 17.6%, to $1.67 from $1.42, on fewer shares outstanding....

MICROSOFT CORP. $51 (Nasdaq symbol MSFT; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 7.9 billion; Market cap: $402.9 billion; Price-to-sales ratio: 4.6; Dividend yield: 2.8%; TSINetwork Rating: Above Average; www.microsoft.com) is the world’s largest software company. Its Windows operating system powers about 90% of the world’s personal computers. Microsoft’s other main product— its Office suite, which includes a word processor (Word) and spreadsheet program (Excel)— controls 90% of its market. The company also makes computer-hardware products, including its Xbox video game console and Surface tablet computer. High U.S. dollar dampens results ...

NEWMONT MINING CORP. $32 (www.newmont.com) earned $0.34 a share in the first quarter of 2016, down 26.1% from $0.46 a year earlier. Higher gold and copper production pushed up its operating costs and offset a 3.0% rise in revenue, to $2.03 billion from $1.97 billion....

L BRANDS INC. $79 (www.lb.com) owns several home and apparel retail chains, including the Victoria’s Secret lingerie stores. As part of a new strategy, it will reorganize this business into three divisions: Victoria’s Secret Lingerie, Pink (aimed at younger shoppers), and Victoria’s Secret Beauty....

Andrew Peller Ltd. is expanding its Niagara wine facilities after Gretzky wines drove sales and earnings growth over the holiday season.

BROADRIDGE FINANCIAL SOLUTIONS $60.43 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 118.8 million; Market cap: $7.2 billion; Dividend yield: 2.0%) serves the investment industry in two main areas: investor communications, and securities processing and transaction clearing. It processes 90% of all proxy votes in the U.S. and Canada. Excluding one-time items, Broadridge earned $46.5 million in its fiscal 2016 first quarter, which ended December 31, 2015. That’s up 16.5% from $39.9 million a year earlier. Earnings per share rose 18.8%, to $0.38 from $0.32, on fewer shares outstanding. Revenue gained 11.1%, to $638.9 million from $574.6 million. Investor communications makes up 72% of Broadridge’s revenues. Back-office securities processing and transaction clearing make up the remaining 28%; they also provide the company with strong long-term growth prospects in the U.S. and globally....

STANTEC INC. $33.78 (Toronto symbol STN; TSINetwork Rating: Extra Risk) (780-917-7288; www.stantec.com; Shares outstanding: 93.9 million; Market cap: $3.1 billion; Dividend yield: 1.3%) sells a range of consulting, project-delivery, design and technology services. Stantec has made a big acquisition that will give it a major global presence in the water infrastructure industry. It’s paying $795 million U.S. to buy MWH Global. The infrastructure firm has 187 offices in 26 countries. MWH Global works on a number of large water infrastructure projects around the world, including the Panama Canal Third Set of Locks project. It also develops dams, hydroelectric power plants, water treatment facilities, coastal restoration and environmental assessment programs....

PASON SYSTEMS $17.91 (Toronto symbol PSI; TSINetwork Rating: Speculative) (403-301-3400; www.pason.com; Shares outstanding: 84.1 million; Market cap: $1.6 billion; Dividend yield: 3.8%) serves the drilling contractors of oil and gas firms in Canada, the U.S., Mexico and Argentina. The company provides them with rental equipment for monitoring and managing landbased oil rigs. Its systems also let clients remotely collect data from their drilling operations. For the three months ended December 31, 2015, Pason’s revenue fell 56.7%, to $59.8 million from $138.2 million a year earlier. A rise in the U.S. dollar partially offset the slowdown in oil and gas drilling. The company lost $841,000, or $0.01 a share, compared to a profit of $47.2 million, or $0.57, a year ago. The lower revenue was the main reason for the decline. Cash flow per share was positive, though it was down sharply, to $0.21 from $0.72....

COMPUTER MODELLING GROUP $10.24 (Toronto symbol CMG; TSINetwork Rating: Speculative) (403-531-1300; www.cmgl.ca; Shares outstanding: 78.8 million; Market cap: $806.5 million; Dividend yield: 3.9%) sells software and services that help conventional oil and gas producers create 3D models of reservoirs. That lets them squeeze more out of those deposits by injecting steam or chemicals. Without the technology, they typically recover only 25% to 30% of the oil and gas. Producers using hydraulic fracturing, or fracking, methods also use Computer Modelling’s software to determine the best drilling locations and depths. In the three months ended December 31, 2015, the company’s revenue fell 15.8%, to $21.2 million from $25.2 million a year earlier. Software licensing revenue (94% of the total) fell 13.8%, while consulting and professional services revenue (6%) fell 40.0%....

SASOL LTD. (ADR) $32.23 (New York symbol SSL; TSINetwork Rating: Extra Risk) (082- 883-9697; www.sasol.com; ADRs outstanding: 651.4 million; Market cap: $21.3 billion; Dividend yield: 2.4%) is a South Africa-based company that converts coal and natural gas into motor fuels. It also produces oil and gas and mines coal. Sasol now plans to delay the completion of its $8.9 billion plant in Lake Charles, Louisiana. Production will now start in 2019, rather than 2018. When finished, the facility will convert natural gas, or ethane, into ethylene— a chemical used to make plastics and other consumer products. The new plant should triple Sasol’s U.S. production. It should also help to offset some of the currency and political risks of operating in South Africa....

ALARMFORCE INDUSTRIES $10.57 (Toronto symbol AF; TSINetwork Rating: Extra Risk) (1-800-267 -2001; www.alarmforce. com; Shares outstanding: 11.6 million; Market cap: $122.7 million; Dividend yield: 1.7%) sells twoway voice-alarm systems and monitoring services in Canada and in the U.S. In the three months ended January 31, 2016, the company’s sales rose 6.8%, to $14.5 million from $13.6 million. Earnings per share rose 5.0%, to $0.21 from $0.20, on more shares outstanding. AlarmForce offers a range of extra services that boosts revenue from subscribers to its home alarm service. They include: AlarmForce Connect, which lets subscribers control their home-security systems from a smartphone or tablet; and VideoRelay, which lets users watch their homes through mobile devices....

DOREL INDUSTRIES $28.28 (Toronto symbol DII.B; TSINetwork Rating: Extra Risk) (514-934-3034; www.dorel.com; Shares outstanding: 32.3 million; Market cap: $923.8 million; Dividend yield: 5.8%) makes a range of items: ready-to-assemble home and office furniture; juvenile products such as car seats, strollers, high chairs, toddler beds and cribs; and bicycles and other sporting goods. In the three months ended December 31, 2015, Dorel’s sales fell 4.6%, to $668.9 million from $701.0 million (all figures except share price in U.S. dollars). Sales of juvenile products fell 12.5%; sales of sporting goods dropped 2.5%. Those declines offset a 6.9% gain in home furnishings. Factoring out the effects of a higher U.S. dollar, overall sales rose 4.0%. Excluding one-time items, earnings per share in the latest quarter rose 26.5%, to $0.43 a share from $0.34. That came despite the fact that Dorel gets half of its sales from outside of the U.S. The high U.S. dollar cut the company’s earnings per share by $0.28....

FIRSTSERVICE CORP. $55.15 (Toronto symbol FSV; TSINetwork Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 34.6 million; Market cap: $2.0 billion; Dividend yield: 1.1%) has bought Century Fire Protection, one of the largest full-service fire protection companies in the Southeastern U.S. Century installs, maintains and repairs the fire protection systems that it creates for commercial and residential clients. It employs 600 workers, operating from 12 offices throughout Georgia, Alabama, North Carolina, South Carolina, Tennessee and Texas. FirstService will be able to sell Century’s services to its existing property management clients....

BIRCHCLIFF ENERGY $4.67 (Toronto symbol BIR; TSINetwork Rating: Speculative) (403-261-6401; www.birchcliffenergy.com; Shares outstanding: 152.3 million; Market cap: $711.3 million; No dividends paid) explores for, develops and produce oil and gas, mainly in the Peace River Arch area near the Alberta-B.C. border. About 87% of its output is gas. The remaining 13% is oil. In the three months ended December 31, 2015, Birchcliff’s cash flow per share dropped 46.3%, to $0.22 from $0.41 a year earlier. Sharply lower oil and gas prices offset a 7.3% rise in daily production. The company continues to cut costs to support its cash flow. As well, in response to low prices, Birchcliff has reduced exploration and development spending for 2016. It will likely spend $128 million this year, down 45.0% from $242.7 million in 2015....

DELPHI ENERGY $1.17 (Toronto symbol DEE; TSINetwork Rating: Speculative) (403-265-6171; www.delphienergy.ca; Shares outstanding: 155.5 million; Market cap: $182.0 million; No dividends paid) explores for, develops and produces oil and natural gas in Alberta. About 66% of its output is gas; the remaining 34% is oil. In the three months ended December 31, 2015, Delphi’s production fell 26.8%, to 8,814 barrels of oil equivalent per day from 12,035 a year earlier. That was after the company sold some fields. The lower output offset a 9.9% average increase in realized oil and gas prices. The higher prices were due to hedging contracts, whereby the company sold its oil and gas forward at above-market prices. As a result, cash flow per share fell just 10%, to $0.09 from $0.10. For the rest of 2016, Delphi has sold 75% of its gas production at nearly double current market prices. It has also sold 50% of its 2017 gas output at similar prices....