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Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:

CORTEVA INC., $46.73, is a buy. The company (New York symbol CTVA; TSINetwork Rating: Extra Risk) (www.corteva.com; Shares o/s: 704.7 million; Market cap: $32.6 billion; Dividend yield: 1.4%) reports that in the quarter ended September 30, 2023, revenue fell 6.7%, to $2.59 billion from $2.78 billion a year earlier....

1 min read

Pat McKeough

Mining Stocks

IAMGold’s new mine almost built

IAMGOLD, $3.13, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 481.1 million; Market cap: $1.5 billion; No dividends paid) is now nearing completion of a mine at its 64.75%-owned flagship Cote gold project, and it aims to start it up in early 2024.

That massive gold deposit is in northern Ontario, and it’s forecast to produce 460,000 ounces of gold annually for the first six years....

1 min read

Pat McKeough

Growth Stocks

Sustainable income bolsters their gains

Fair Isaac and Broadridge were well positioned to gain during the pandemic and after it: since March of 2020, Fair Isaac is up 375.3%, and Broadridge has jumped 100.9%. We think both stocks have room to move even higher as product demand remains strong—and growing.

BROADRIDGE FINANCIAL SOLUTIONS, $180.32, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares outstanding: 117.6 million; Market cap: $21.3 billion; Dividend yield: 1.8%) serves the investment industry in three areas: investor communications, securities processing and transaction clearing.

Broadridge is best known for processing and distributing proxies and regulatory filings for nearly every publicly traded U.S....

2 min read

Pat McKeough

Growth Stocks

This stock offers limited prospects

You should remain wary of stocks that attract broker/media attention because of high-profile products or services and their business models. Here’s a closer look at one stock with risks that prospective investors should take into consideration:

BLACKBERRY LIMITED, $5.04, (Toronto symbol BB; TSI Rating: Extra Risk) (Shares outstanding: 583.7 million; Market cap: $3.0 billion; No divds.) is a Waterloo-based provider of cybersecurity and Internet of Things (IoT) software.

BlackBerry recently announced that it intends to separate its cybersecurity and IoT businesses into two independent, publicly traded companies....

1 min read

Pat McKeough

Cannabis

Cannabis Corner: Keep an eye on these industry stocks

Canada legalized cannabis over five years ago. While demand has been steady, stiff competition has cut selling prices significantly. Meanwhile, advertising restrictions and plain packaging rules make it hard to build brands that win customer loyalty. Still, we think some companies have a distinct edge—including their prospects for added sales in the U.S....

2 min read

Pat McKeough

Growth Stocks

Thermo Fisher makes a savvy purchase

THERMO FISHER SCIENTIFIC INC., $470.954, is a buy. The company (New York symbol TMO; TSINetwork Rating: Average) (thermofisher.com; Shares o/s: 386.4 million; Market cap: $172.0 billion; Dividend yield: 0.3%) is now buying Olink Holding AB (Nasdaq symbol OLK)....

1 min read

Pat McKeough

Growth Stocks

This restaurant chain stands out for investors

During the pandemic, Texas Roadhouse implemented savvy strategies to support its businesses. Now, as the economy normalizes, we think it’s well-positioned to capitalize on its popular offerings to keep attracting dine-in, pick-up and takeout customers. We recommend this stock as a Power Buy.

TEXAS ROADHOUSE, $110.39, is a buy. The company (Nasdaq symbol TXRH; TSINetwork Rating: Extra Risk) (texasroadhouse.com; Shares outstanding: 66.8 million; Market cap: $7.4 billion; Dividend yield: 2.0%) is a full-service, casual-dining restaurant chain with 722 locations spread across 49 U.S....

2 min read

Pat McKeough

Dividend Stocks

Dream Office REIT yields a high 11.2% for investors

The evolution of the hybrid work model continues to present significant uncertainty for the future of office properties like those owned by Dream Office. However, the trend appears to be here for the long term. Meanwhile, Dream Office yields a very high 11.2% and its distribution appears sustainable.

DREAM OFFICE REIT, $8.95, is a buy. The REIT (Toronto symbol D.UN; TSINetwork Rating: Extra Risk) (www.dream.ca/office; Units o/s: 32.6 million; Market cap: $327.1 million; Dividend yield: 11.2%) currently pays a monthly distribution of $0.0833 a unit....

1 min read

Pat McKeough

Growth Stocks

FDA spurs Eli Lilly

ELI LILLY & CO., $588.44, is a Power Buy. The company (New York symbol LLY; TSINetwork Rating: Above Average) (www.lilly.com; Shares outstanding: 949.3 million; Market cap: $579.9 billion; Dividend yield: 0.7%) has just gained a major approval from the U.S....

1 min read

Pat McKeough

Blue Chip Stocks

Intact’s acquisitions are paying off

Intact Financial is now close to its recent, all-time high—and the shares are up a spectacular 382% 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 you, our subscribers.

INTACT FINANCIAL, $207.00, is a buy. The insurer (Toronto symbol IFC; TSINetwork Rating: Average) (www.intactfc.com; Shares outstanding: 175.3 million; Market cap: $36.6 billion; Dividend yield: 2.1%) is Canada’s largest provider of property and casualty coverage: it insures more than five million individuals and businesses....

2 min read

Pat McKeough

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Investors Association of Canada
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Subscriber since 1996. Inner Circle Member Since 2006
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Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.