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Thanks to rising food prices, the shares of these two leading supermarket chains are hitting new all-time highs. Even so, they continue to trade at reasonable multiples in relation to their respective earnings.
LOBLAW COMPANIES LTD. $118 is a buy. The company (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 324.0 million; Market cap: $38.2 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.4%; TSINetwork Rating: Above Average; www.loblaw.ca) operates 1,092 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
LOBLAW COMPANIES LTD. $118 is a buy. The company (Toronto symbol L; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 324.0 million; Market cap: $38.2 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.4%; TSINetwork Rating: Above Average; www.loblaw.ca) operates 1,092 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills....
Molson Coors continues to benefit from the re-opening of bars and restaurants in the wake of COVID-19 lockdowns. That has let it resume dividend payments and pay down debt. The company is also launching non-beer products to spur its growth. However, higher operating costs continue to hold back its profits.
MOLSON COORS CANADA INC....
TECK RESOURCES LTD. $54 is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 512.3 million; Market cap: $27.7 billion; Price-to-sales ratio: 1.4; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) explores for and develops various types of minerals, including copper, gold, zinc and metallurgical coal (used for making steel).
Teck recently agreed to sell its 21.3% stake in the Fort Hills oil sands project of northern Alberta to Suncor Energy Inc....
CANADIAN IMPERIAL BANK OF COMMERCE $57 is a buy. The bank (Toronto symbol CM; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 906.2 million; Market cap: $51.7 billion; Price-to-sales ratio: 2.4; Dividend yield: 6.0%; TSINetwork Rating: Above Average; www.cibc.com) will raise your quarterly dividend with the January 27, 2023, payment....
These four leading utility stocks get most of their revenue from rate-regulated operations. That makes its easier to recoup the cost of new power plants and upgrades to their existing assets. Moreover, they continue to use their increasing cash flow to reward investors with dividend hikes.
FORTIS INC....
TC ENERGY CORP. $56 is a buy. The company (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.01 billion; Market cap: $56.6 billion; Price-to-sales ratio: 3.7; Dividend yield: 6.4%; TSINetwork Rating: Above Average; www.tcenergy.com) has re-started its Keystone oil pipeline following a 21-day shutdown due to the leak of 14,000 barrels into a creek in Kansas....
Here are your top picks for new buying in 2023, and once again we’ve selected three stocks from our TSI Portfolios (Conservative, Aggressive and Income).
Each of the three is a leader in its markets, which helps cut your risk if the economy weakens....
Each of the three is a leader in its markets, which helps cut your risk if the economy weakens....
A: Freshpet Inc., $52.63, symbol FRPT on Nasdaq (Shares outstanding: 48.0 million; Market cap: $2.5 billion; www.freshpet.com), makes fresh, natural food for dogs and cats. The company’s foods are blends of fresh meats, vegetables and fruits farmed locally and made at its Freshpet Kitchens....
Howard Schultz recently returned as interim chief executive officer at Starbucks Corp., following the retirement of Kevin Johnson. Mr. Schultz goes back a long way with the company. It was founded in 1971 by three individuals—English teacher Jerry Baldwin, history teacher Zev Siegl and writer Gordon Bowker....
DRAFTKINGS INC., $11.63, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) currently provides sports betting in several U.S. states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming and Ohio....