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The shares of CIBC are down 19% in the past year on fears that a slowing economy will lead to big loan writedowns. However, the tougher new lending standards and stress-tests that the federal government brought in following the 2008 financial crisis help cut that risk....

2 min read

Pat McKeough

Mining Stocks

A new takeover is still possible

TECK RESOURCES LTD. $57 is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 512.3 million; Market cap: $29.2 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) recently dropped its plan to spin off its coal business due to difficulty securing the required two-thirds approval of the class B subordinate voting shareholders (1 vote per share)....

1 min read

Pat McKeough

Blue Chip Stocks

Use our updates to enhance your portfolio

TORONTO-DOMINION BANK $78 is a buy. The lender (Toronto symbol TD; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.8 billion; Market cap: $140.4 billion; Price-to-sales ratio: 2.9; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.td.com) has cancelled its deal to acquire First Horizon Corporation (New York symbol FHN) for $13.4 billion U.S....

2 min read

Pat McKeough

Growth Stocks

Toromont sharpens its focus

TOROMONT INDUSTRIES LTD. $108 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.4 million; Market cap: $8.9 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.6%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes bulldozers, backhoe loaders and drills, mainly in eastern Canada and the U.S....

1 min read

Pat McKeough

Value Stocks

Elevated food prices good new for investors

These two food sellers continue to benefit from higher selling prices, which helps them offset rising costs for food, fuel and other inputs. Even though inflation is starting to ease, it’s unlikely they will significantly lower prices in response. That should continue to push their earnings higher.

LOBLAW COMPANIES LTD....

2 min read

Pat McKeough

Growth Stocks

Maple Leaf aims to lift plant-based profit

Despite the shift to eating at home during the pandemic, Maple Leaf Foods has stayed in a narrow range of $20 to $30 over the past five years. That’s largely due to the problems at its plant-based foods business. While a new plan should cut losses for this business, the stock will likely remain in its narrow range until profits significantly improve.

MAPLE LEAF FOODS INC....

1 min read

Pat McKeough

Energy Stocks

This purchase lifts cash flow

OVINTIV INC. $51 is a buy. The company (Toronto symbol OVV; Conservative Growth Portfolio, Resources sector; Shares outstanding: 244.5 million; Market cap: $12.5 billion; Price-to-sales ratio: 0.7; Dividend yield: 3.1%; TSINetwork Rating: Average; www.ovintiv.com) operates four core properties: Montney (B.C.), Permian (Texas), Anadarko (Oklahoma) and Uinta (Utah)....

1 min read

Pat McKeough

Blue Chip Stocks

CN teams up with U.S. railways

CANADIAN NATIONAL RAILWAY CO. $156 is a buy. The company (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 662.4 million; Market cap: $103.3 billion; Price-to-sales ratio: 5.9; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway....

1 min read

Pat McKeough

Dividend Stocks

Look to these utilities for dependable income

Rising interest rates increase the appeal of bonds, which is generally bad news for utilities which must compete with bonds for the attention of income-seeking investors. At the same time, higher interest rates increase borrowing costs for utilities. That further erodes investors’ interest.

However, these three utilities get most of their revenue from rate-regulated operations....

5 min read

Pat McKeough

Energy Stocks

Small setback for Cenovus

CENOVUS ENERGY INC. $24 is a buy. Canada’s third-largest producer of oil and natural gas (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $45.6 billion; Price-to-sales ratio: 0.7; Dividend yield 2.3%; TSINetwork Rating: Average; www.cenovus.com) had to curtail operations at its Rainbow Lake property, 900 kilometres northwest of Edmonton, due to the wildfires in Alberta....

1 min read

Pat McKeough

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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.