merger

OVINTIV INC., $14.66, is a buy. The energy producer (Toronto symbol OVV; Shares outstanding: 259.8 million; Market cap: $3.8 billion; TSINetwork Rating: Average; Dividend yield: 3.6%) recently became a U.S. company and changed its name from Encana Corp.


A key reason for the move to the U.S....

A: AirBoss of America Corp., $24.13, symbol BOS on Toronto (Shares outstanding: 23.4 million; Market cap: $564.6 million; www.airbossofamerica.com), manufactures rubber-based products used in the automotive, heavy industry, construction & infrastructure, oil & gas, and defence industries.

AirBoss is headquartered in Newmarket, Ontario, and operates manufacturing facilities in North Carolina, Quebec, and at its flagship facility in Kitchener, Ontario....

The outlook for these two renewable power firms remains bright despite COVID-19’s impact on power demand, particularly from industrial users. The guaranteed contracts of both firms also give them lots of cash flow for dividends.


BROOKFIELD RENEWABLE PARTNERS LP $58 is a buy. With the units (Toronto symbol BEP.UN; High-Growth Dividend Payer Portfolio, Utilities sector; Units outstanding: 308.7 million; Market cap: $17.9 billion; Dividend yield: 5.0%; Dividend Sustainability Rating: Above Average; www.bep.brookfield.com) you gain a stake in 219 hydroelectric generating stations, 103 wind farms and 4,947 solar-power facilities....

QUAKER CHEMICAL CORP. $199 is still a buy. The company (New York symbol KWR; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 17.8 million; Market cap: $3.5 billion; Price-to-sales ratio: 2.7; Dividend yield: 0.8%; TSINetwork Rating: Average; www.quakerchem.com) completed its acquisition of rival specialty chemicals maker Houghton International in August 2019....

These three fast-food operators have held up well during the pandemic. That’s thanks to their pre-COVID-19 investments in online ordering, drive-thru takeout lanes and home delivery services. Now, as they re-open their stores, their shares should continue to move higher.


STARBUCKS CORP....

European industrial conglomerate ABB has opted to sell its struggling power grid business instead of spinning it off. That will nonetheless unlock value and let the company continue to reward investors.


ABB LTD. ADRs $26 is a buy. The company (New York symbol ABB; Manufacturing & Industry sector; ADRs outstanding: 2.1 billion; Market cap: $54.6 billion; Dividend yield: 3.2%; Takeover Target Rating: Medium; www.abb.com) took its present form in 1988 through the merger of Sweden’s Asea AB and Switzerland’s BBC Brown Boveri AG....

Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. Statistics show that after a company sets up one (or more) of its businesses or divisions as a separate entity and “spins it off,” or hands it out to its shareholders as a special dividend, the shares of both the parent and the spinoff generally do better than comparable companies for a number of years, if not decades....

Molson Coors is the world’s third largest brewer. The company now expects to save a total of $600 million annually when it completes its restructuring by the end of 2019.

United Technologies gifted its investors with two spinoffs following its April merger with Raytheon Co. For each UTX share they held, investors received 0.5 of a share in Otis (elevators) and 1 share in Carrier (heating and air conditioning equipment).


We’re confident these two spinoffs will move higher for you in the next few years....

Shares of DraftKings—the leader in U.S. online sports betting—only recently began trading on Nasdaq. However, this “Power Buy” has already doubled in value. That’s despite the cancellation of most professional sports due to the pandemic.


In fact, its share-price jump—even amid the lockdown—testifies to the strong demand for sports wagers....