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

MAJOR DRILLING, $11.11, is a buy. This large contract driller (Toronto symbol MDI; TSINetwork: Speculative) (majordrilling.com; Shares outstanding: 82.9 million; Market cap: $919.8 million; No dividends paid) mainly serves the mining industry.

In the quarter ended October 31, 2022, the company’s revenue jumped 18.2%, to $201.7 million from $170.7 million a year earlier....

2 min read

Pat McKeough

Growth Stocks

These insider sales are not a red flag

THE TJX COMPANIES, $79.81, (New York symbol TJX; TSINetwork Rating: Above Average) (tjx.com; Shares o/s: 1.2 billion; Market cap: $94.2 billion; Yield: 1.5%), reports that some TJX executives and board members have sold large amounts of shares: for example, executive chair Carol Meyrowitz sold 16,223 shares for a total of $1.3 million....

1 min read

Pat McKeough

Growth Stocks

Power your returns with these two leaders

We think the healthcare industry will enjoy great success over the next decade. But due to the nature of the business, results will vary widely and unpredictably from one company to another. A volatile market like the one we expect for healthcare stocks will include winners and losers....

2 min read

Pat McKeough

Growth Stocks

Here’s a stock you should avoid

You should remain wary of stocks that attract broker/media praise for their high-profile products or services and their business models. Here’s an example of a stock to avoid:

MEDICAL FACILITIES CORP., $8.22, (Toronto symbol TOY; TSINetwork Rating: Extra Risk) (Shares o/s: 26.2 million; Market cap: $218.2 million; Dividend yield: 3.9%) holds majority interest in four specialty surgical hospitals in South Dakota, Oklahoma and Arkansas....

1 min read

Pat McKeough

Cannabis

Cannabis Corner: These stocks all have bright futures

Canada legalized cannabis four 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

Mining Stocks

IAMGold raises funds for its new mine

IAMGOLD, $3.58, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 479.0 million; Market cap: $1.7 billion; No dividends paid) continues to make moves to secure the financing it needs for the ongoing construction of a mine at its flagship Cote gold project....

1 min read

Pat McKeough

Mining Stocks

Barrick lets you tap gold’s bright outlook

Barrick has moved up recently—along with gold prices. The gains were likely spurred by the growing belief among investors that interest-rate increases have started to slow as inflation eases. That should push up investor demand for gold as the appeal of interest-bearing investment and the U.S....

2 min read

Pat McKeough

Growth Stocks

Activist targets Disney

WALT DISNEY CO., $99.04, is a buy. The company (New York symbol DIS; TSINetwork Rating: Above Average) (www.disney.com; Shares o/s: 1.8 billion; Market cap: $182.2 billion; No dividend) faces a new challenge....

1 min read

Pat McKeough

Value Stocks

Three top picks to power your 2023

For 2023, we have singled out three growth stocks that we think offer you exceptional prospects in the year ahead. What’s more, each of the three is a market leader, which cuts your risk if the economic outlook weakens.

INTACT FINANCIAL, $198.96, is a #1 Power Buy for 2023. The insurer (Toronto symbol IFC; TSINetwork Rating: Extra Risk) (www.intactfc.com; Shares outstanding: 175.3 million; Market cap: $34.8 billion; Dividend yield: 2.0%) provides investors exposure to Canada’s largest property and casualty insurer....

4 min read

Pat McKeough

Spinoffs

Slowing economy hurts this spinoff

LIVEONE INC. $0.79 is a hold. The company (Nasdaq symbol LVO; Consumer sector; Shares outstanding: 87.5 million; Market cap: $69.1 million; No dividend paid; Takeover Target Rating: Medium; www.liveone.com) operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service.

The company now plans to set up its podcasting business as a separate firm called PodcastOne and hand out shares in that business to its current shareholders....

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.