holding company

POWER CORP. $34 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 668.1 million; Market cap: $22.7 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses....

Canadian Utilities and its parent company ATCO hold essentially the same pool of assets. Investors looking for yield should opt for the subsidiary, while value seekers should buy the parent for its holding company discount.


CANADIAN UTILITIES LTD....

CUMMINS INC., $244.78, symbol CMI on New York, designs, manufactures, distributes and services diesel, natural gas, electric, hybrid powertrains, and powertrain-related components, including control & fuel systems, automated transmissions, batteries, electrified power systems, hydrogen production, and fuel cell systems.

Cummins serves customers in 190 countries through 500 company-owned and independent distributors and through 9,000 dealers.

In August 2022, the company completed the acquisition of Meritor Inc....

When choosing stocks for the Finance sector of their portfolio, most investors gravitate toward banks. However, there are many high quality, non-bank financial stocks that you should also consider. For instance, we think Intact Financial offers investors a particularly unique combination of value and growth.

For the 12 months ended October 3, 2022, while the S&P/TSX Composite Index fell 5.6%, Intact shares climbed an impressive 19.9%....

Intact Financial is now hitting new highs—and the shares are up a spectacular 364% since we first recommended them at $42.95 in our April 2010 issue. We think this Power Buy is poised to keep moving even higher for our subscribers.


INTACT FINANCIAL, $199.33, is a buy. The insurer (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 175.4 million; Market cap: $35.2 billion; Dividend yield: 2.0%) is Canada’s largest provider of property and casualty coverage: it insures more than five million individuals and businesses....

ADT INC., $8.39, is a buy. The company (symbol ADT on New York) is a leading provider of monitored security products and services to residential and commercial customers in the U.S. It has more than six million residential and small business customers.

The company sells security and automation systems to help detect intrusion and hazards such as smoke, fire and flooding....

We’ve generally stayed out of drug stocks for much of the two decades before 2020, but that changed in the last year or two. In fact, we now expect to see many great investment opportunities in drug stocks throughout the 2020s. You could say this is related to COVID-19, but it was going to happen anyway, due to regulatory and research developments that were already underway....

POWER CORP. $34 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 616.2 million; Market cap: $21.0 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses....

PFIZER INC. $49 is a buy. The prescription drugmaker (New York symbol PFE; Manufacturing & Industry sector; Shares outstanding: 5.6 billion; Market cap: $274.4 billion; Dividend yield: 3.3%; Takeover Target Rating: Medium; www.pfizer.com) merged its consumer drug business with GlaxoSmithKline (New York symbol GSK) in 2019.


Glaxo now plans to spin off this business as a separate firm called Haleon; it owns 68% of this operation, with Pfizer holding the remaining 32%....

CANADIAN TIRE CORP., $161.80, Toronto symbol CTC.A, is a buy.

Investors tap the company’s 504 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. Still, the company’s other operations also enrich its outlook....