acquisition
Here are our top U.S. stock picks for 2024—one each from our Conservative, Aggressive and Income portfolios.
All three are in a strong position to fuel your returns, not only in 2024 but–more importantly–for many years to come. Moreover, their position as market leaders will help limit any losses if the economy slows.
MCDONALD’S CORP....
All three are in a strong position to fuel your returns, not only in 2024 but–more importantly–for many years to come. Moreover, their position as market leaders will help limit any losses if the economy slows.
MCDONALD’S CORP....
A: MarineMax Inc., $34.51, symbol HZO on New York (Shares outstanding: 22.3 million; Market cap: $769.6 million; www.marinemax.com), operates as a recreational boat and yacht retailer, and a services firm for yacht owners in the U.S.
The company sells new and used recreational boats, including pleasure and fishing boats, mega- and small yachts, sport cruisers, ski boats, jet boats, and other recreational boats.
It offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories such as life jackets, inflatables, and water sports equipment.
MarineMax also provides novelty items such as shirts, caps, and licence plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services.
The company has more than 130 locations worldwide, including 81 dealerships and 59 marinas.
Its businesses include IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, two leading luxury yacht brokerage and services firms; Cruisers Yachts, one of the world’s premier manufacturers of sport yachts and motor yachts; and Intrepid Powerboats, a premier manufacturer of powerboats.
Meanwhile, MarineMax also offers financing and insurance services as well as digital technology products to connect boaters to a network of marinas, dealers, and marine professionals.
In addition, it operates MarineMax Vacations in Tortola, British Virgin Islands, which offers luxury boating adventures to vacationers.
MarineMax has also made 15 acquisitions since April 2019.
On January 5, 2023, the company announced completion of its latest takeover: Boatzon is a retail technology platform dedicated to the marine industry....
The company sells new and used recreational boats, including pleasure and fishing boats, mega- and small yachts, sport cruisers, ski boats, jet boats, and other recreational boats.
It offers marine parts and accessories comprising marine electronics; dock and anchoring products that include boat fenders, lines, and anchors; boat covers; trailer parts; water sport accessories, which comprise tubes, lines, wakeboards, and skis; engine parts; steering and control systems; corrosion control products and service products; high-performance accessories, including propellers and instruments; and a line of boating accessories such as life jackets, inflatables, and water sports equipment.
MarineMax also provides novelty items such as shirts, caps, and licence plates; marine engines and equipment; maintenance, repair, and slip and storage accommodation services; and boat or yacht brokerage services.
The company has more than 130 locations worldwide, including 81 dealerships and 59 marinas.
Its businesses include IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, two leading luxury yacht brokerage and services firms; Cruisers Yachts, one of the world’s premier manufacturers of sport yachts and motor yachts; and Intrepid Powerboats, a premier manufacturer of powerboats.
Meanwhile, MarineMax also offers financing and insurance services as well as digital technology products to connect boaters to a network of marinas, dealers, and marine professionals.
In addition, it operates MarineMax Vacations in Tortola, British Virgin Islands, which offers luxury boating adventures to vacationers.
MarineMax has also made 15 acquisitions since April 2019.
On January 5, 2023, the company announced completion of its latest takeover: Boatzon is a retail technology platform dedicated to the marine industry....
PATRICK INDUSTRIES INC., $98.23, symbol PATK on Nasdaq, is based in Elkhart, Indiana, the unofficial home of the U.S. recreational vehicle (RV) industry. The company manufactures decorative vinyl and paper laminated panels, bath and shower moldings, and hardwood profiles....
RESTAURANT BRANDS INTERNATIONAL INC., $76.88, is a buy. The stock (symbol QSR on New York) gives you exposure to the world’s third-largest fast-food operator. That’s after McDonald’s (No. 1) and Yum Brands (No. 2). The company has 30,125 outlets in over 100 countries: 18,935 Burger King, 5,662 Tim Hortons (coffee and donuts), 4,269 Popeyes Louisiana Kitchen (fried chicken) and 1,259 Firehouse Subs.
Restaurant Brands is now buying Carrols Restaurant Group (symbol TAST on Nasdaq), Burger King’s largest U.S....
Restaurant Brands is now buying Carrols Restaurant Group (symbol TAST on Nasdaq), Burger King’s largest U.S....
Pandemic lockdowns provided Electronic Arts and Garmin with a big boost. Electronic Arts has mostly held onto those gains, while Garmin has given some of them back. Either way, we like their prospects for growth despite their competitive markets. Plus, each is priced for new buying.
ELECTRONIC ARTS, $136.62, is a buy. The company (Nasdaq symbol EA; TSINetwork Rating: Extra Risk) (www.ea.com; Shares outstanding: 269.0 million; Market cap: $36.9 billion; Dividend yield: 0.6%) is a developer of video games for play on consoles, PCs, and mobile devices....
ELECTRONIC ARTS, $136.62, is a buy. The company (Nasdaq symbol EA; TSINetwork Rating: Extra Risk) (www.ea.com; Shares outstanding: 269.0 million; Market cap: $36.9 billion; Dividend yield: 0.6%) is a developer of video games for play on consoles, PCs, and mobile devices....
We have singled out three growth Buys for 2024—ones we believe have exceptional prospects for the year ahead. What’s more, each is a market leader, which cuts your risk if the economic outlook softens.
INTACT FINANCIAL, $201.59, is a #1 Power Buy for 2024. The insurer (Toronto symbol IFC; TSINetwork Rating: Average) (www.intactfc.com; Shares outstanding: 175.3 million; Market cap: $35.6 billion; Dividend yield: 2.2%) provides investors exposure to Canada’s largest property and casualty insurer....
INTACT FINANCIAL, $201.59, is a #1 Power Buy for 2024. The insurer (Toronto symbol IFC; TSINetwork Rating: Average) (www.intactfc.com; Shares outstanding: 175.3 million; Market cap: $35.6 billion; Dividend yield: 2.2%) provides investors exposure to Canada’s largest property and casualty insurer....
Each of these two firms recently decided to merge one of its businesses with another firm instead of pursuing a full spinoff. While these moves improve their outlook, we feel there are better opportunities for your spinoff gains.
LIONS GATE ENTERTAINMENT CORP....
LIONS GATE ENTERTAINMENT CORP....
AGNICO EAGLE MINES LTD., $70.48, symbol AEM on Toronto, owns currently producing gold mines in Canada, Australia, Finland and Mexico.
Specifically, in Canada, it owns the La Ronde, Canadian Malarctic, Goldex, Maccassa, Detour Lake, Meliadine, Meadowbank and Hope Bay mines....
Specifically, in Canada, it owns the La Ronde, Canadian Malarctic, Goldex, Maccassa, Detour Lake, Meliadine, Meadowbank and Hope Bay mines....
GOODYEAR TIRE & RUBBER CO., $13.20, is a buy. The stock (symbol GT on Nasdaq) represents one of the world’s largest tiremakers, with 57 plants in 23 countries.
Goodyear is developing a product for electric vehicles (EVs) that it says will help improve their competitiveness against gas-powered vehicles: tire duration.
EVs weigh more than their internal-combustion motor cars because of their heavy battery packs; that puts more wear and tear on tires....
Goodyear is developing a product for electric vehicles (EVs) that it says will help improve their competitiveness against gas-powered vehicles: tire duration.
EVs weigh more than their internal-combustion motor cars because of their heavy battery packs; that puts more wear and tear on tires....
ROYAL BANK OF CANADA, $132.20, Toronto symbol RY, is still a buy.
With the February 2024 payment, Royal will increase your quarterly dividend by 2.2%. Investors will then receive $1.38 a share instead of $1.35. The new annual rate of $5.52 yields 4.2%.
The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....
With the February 2024 payment, Royal will increase your quarterly dividend by 2.2%. Investors will then receive $1.38 a share instead of $1.35. The new annual rate of $5.52 yields 4.2%.
The bank has received final regulatory approval to buy the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC).
HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....