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In the past few years, IBM has shifted its focus to its more-profitable cloud computing, consulting and mainframe businesses. It now gets over 75% of its revenue from software and consulting services. The shift has paid off, with the stock recently hitting an all-time high....
A: Hudbay Minerals Inc., $9.63, symbol HBM on Toronto (Shares outstanding: 497.8 million; Market cap: $3.3 billion; www.hudbayminerals.com), is a Canadian mining company with properties in the U.S....
A: Canadian Apartment Properties REIT, $45.10, symbol CAR.UN on Toronto (Units outstanding: 167.6 million; Market cap: $7.8 billion; www.capreit.ca) owns multi-unit residential properties, including apartments, townhomes and manufactured home communities (trailer parks)....
A: Sysco Corp., $80.59, symbol SYY on New York (Shares outstanding: 497.8 million; Market cap: $40.1 billion; www.sysco.com), is a global leader in food distribution. It operates 334 distribution facilities worldwide, serving approximately 725,000 customer locations.

Those include restaurants, hospitals and skilled nursing facilities, schools and colleges, hotels and motels, industrial caterers and other similar venues where foodservice products are served....
A subscriber recently wrote to ask about bitcoin:

“Pat, I know you’ve never been fond of bitcoin, but could it be that now is a good time to buy? It seems to be moving into the mainstream. I believe bitcoin is already legal tender in a handful of countries....
FIVE BELOW INC., $181.38, symbol FIVE on Nasdaq, is a retailer that offers a broad range of merchandise for teen and pre-teen customers. Most of its products are priced between $1 and $5. However, in recent years, it has added merchandise priced above $5 through its Five Below and Beyond format....
J.P. MORGAN CHASE & CO., $200.30, New York symbol JPM, is a buy.

Morgan is the largest banking firm in the U.S., with total assets of $3.89 trillion as of December 31, 2023.

With the April 2024 payment, Morgan will increase your quarterly dividend by 9.5%, to $1.15 a share from $1.05....
GARMIN LTD., $148.87, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine.

As part of its marketing efforts, Garmin forms a Marine Team of professional anglers each year....
MCDONALD’S CORP., $281.95, New York symbol MCD, is your #1 Conservative Buy for 2024.

The company is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.

McDonald’s has formed a new, exclusive alliance with Krispy Kreme Inc....
ROYAL BANK OF CANADA, $136.62, Toronto symbol RY, is a buy.

The bank expects to complete its $13.5-billion purchase of the Canadian operations of U.K.-based HSBC Holdings plc (New York symbol HSBC) next week. To put that amount in context, Royal’s market cap (the total value of all outstanding shares) is $191.1 billion.

HSBC operates 130 branches that mainly cater to businesses in industries that trade and bank internationally....