Topics
Many financial stocks, and especially banks, suffered big drops in early 2023. That was after the high-profile failures of several U.S. regional banks, including Silicon Valley Bank.
Going forward, the outlook for Canadian banks is more stable than for U.S....
PROSHARES SHORT MIDCAP 400 ETF $22.44 (New York symbol MYY) provides daily inverse exposure to the S&P MidCap 400 Index—the ETF’s price will rise when the S&P 400 Index declines and vice versa.
We generally advise against short selling for many of the same reasons that we advise against options trading, leverage, currency speculation and bond trading....
We generally advise against short selling for many of the same reasons that we advise against options trading, leverage, currency speculation and bond trading....
Governments around the world know the benefits that flow from developing better infrastructure. However, their stretched budgets and their reluctance to increase taxes constrain their ability to take on those projects. This provides opportunities for public companies to develop and manage these assets.
Meanwhile, companies with exposure to U.S....
Meanwhile, companies with exposure to U.S....
You Can See Our Aggressive Growth Portfolio For August 2023 Here.
If you’re like most investors, you should invest the major portion of your money in stocks from our Conservative Growth Portfolio....
SHAWCOR LTD. $20 (www.mattr.com) remains a buy. As part of its re-organization, ShawCor plans to change its legal name to Mattr. As a result, the stock now trades under the “MATR” symbol instead of “SCL.” The re-organization mainly involves selling businesses that serve the oil and gas industry, such as pipeline coating....
Following a strategic review—driven by pressure from activist investor Elliott Investment Management—Suncor has decided to hang onto its Petro-Canada chain of gas stations. It’s also shifting its focus to its core oil sands projects in Alberta and to improving its efficiency....
ENBRIDGE INC. $49 is a buy. The company (Toronto symbol ENB; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 2.0 billion; Market cap: $98.0 billion; Price-to-sales ratio: 1.9; Dividend yield: 7.2%; TSINetwork Rating: Above Average; www.enbridge.com) operates pipelines that pump oil and natural gas from Western Canada eastward as well as to the U.S....
LEON’S FURNITURE LTD. $21 is a buy for aggressive investors. The retailer (Toronto symbol LNF; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 67.9 million; Market cap: $1.4 billion; Price-to-sales ratio: 0.6; Dividend yield: 3.0%; TSINetwork Rating: Average; www.leons.ca) sells furniture and appliances through 303 stores, mainly under the Leon’s and The Brick banners.
Leon’s now plans to transfer its 5.2 million square feet of wholly owned real estate holdings to a real estate investment trust (REIT)....
IMPERIAL OIL LTD. $65 is a buy. This company (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 584.2 million; Market cap: $38.0 billion; Price-to-sales ratio: 0.7; Dividend yield: 3.1%; TSINetwork Rating: Average; www.imperialoil.ca) gets about 90% of its production from oil sands operations in Alberta....
Telus and its recent spinoff, Telus International, recently completed significant acquisitions. While the use of acquisitions to expand adds risk, we feel these new operations will spur their profits for years to come.
TELUS CORP. $25 is your #1 Income Buy for 2023. The company (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.45 billion; Market cap: $36.3 billion; Price-to-sales ratio: 1.9; Dividend yield: 5.8%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s second-largest wireless carrier (after BCE) with 12.16 million subscribers....