merger

STATE STREET CORP., $84.52, New York symbol STT, remains a buy.

The company sells accounting and administrative services to operators of mutual funds and pension plans.

State Street also offers banking services, so it’s subject to the Fed’s stress test, which it passed.

Thanks to its strong capital position, the company will raise your quarterly dividend in the third quarter of 2024....

In May 2016, cardboard maker WestRock spun off its Ingevity chemical business to create two pure-play firms. Shareholders received one Ingevity share for every six WestRock shares they held.


WestRock recently merged with Irish packaging firm Smurfit Kappa....
Top pick RTX Corp. (formerly Raytheon Technologies Corp.) reports a record order backlog thanks to military demand – the shares have gained 26.3% this year.
CONAGRA BRANDS INC., $28.35, New York symbol CAG, is still a buy for long-term gains.

Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Birds Eye frozen meals, Orville Redenbacher popcorn and Reddi-wip whipped cream.

The company reported weaker-than-expected sales for its latest quarter, as cost-conscious consumers switch to cheaper alternatives....
2024 is the fifth year in a row we selected CP Rail (now CPKC after its merger with U.S.-based railway Kansas City Southern) as your #1 Conservative Buy. If you bought the stock five years ago, at the start of 2019, you’ve enjoyed a 121% gain (excluding dividends)! Compare that to the 56% gain for the broader S&P/TSX Composite Index.


We’re even more excited about CPKC’s long-term prospects, particularly as it starts to realize the full benefits of the Kansas City acquisition....
BOEING CO., $176.56, New York symbol BA, is still a hold.

The company delivered 131 commercial jetliners in the five months ended May 31, 2024, down from 206 a year earlier.

That drop is mainly due to quality control problems with its 737 Max planes....
To unlock value for investors, on November 1, 2016, the old Alcoa Inc. split into two separate companies—Arconic Inc. (focused on manufactured aluminum products) and spinoff Alcoa Corp. (focused on bulk aluminum). For every three of the old shares investors held, they received three shares in Arconic and one in Alcoa.


Arconic Inc....
Gen Digital is the rebranded name for NortonLifeLock (formerly Symantec—more on that below), one of our long-time tech stock favourites. The company changed its name to Gen Digital following its 2022 acquisition of European cybersecurity firm Avast plc for $8.1 billion.

Growth by acquisition adds risk—especially with a purchase as big as Avast....
Nutrien’s shares shot up to $148 in April 2022 on a sharp increase in potash prices following Russia’s invasion of Ukraine. The stock is now down 47% as potash supplies and prices stabilize. We still like the company’s long-term outlook, particularly as the world’s rising population and declining arable land per person will require farmers to use more fertilizers to increase their crop yields.


NUTRIEN LTD....

WARNER BROS. DISCOVERY INC. $7.66 is still a hold. The company (Nasdaq symbol WBD; Aggressive Growth Portfolio; Consumer sector; Shares outstanding: 2.4 billion; Market cap: $18.4 billion; Price-to-sales ratio: 0.5; No dividend paid; TSINetwork Rating: Average; www.wbd.com) took its current form in April 2022 when AT&T merged its WarnerMedia business with Discovery Inc....