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ALGONQUIN POWER & UTILITIES CORP., $14.74, Toronto symbol AQN, is a top pick for 2022.
The company has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile, and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America.
Algonquin last raised your quarterly dividend with the July 2022 payment....
The company has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services in Canada, the U.S., Chile, and Bermuda; and the Renewable Power Group produces electricity from about 40 clean-energy plants in North America.
Algonquin last raised your quarterly dividend with the July 2022 payment....
CONAGRA BRANDS INC., $32.85, New York symbol CAG, is a buy.
Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Orville Redenbacher popcorn and Reddi-wip whipped cream.
Conagra reported stronger-than-expected quarterly results, mainly because the company raised its selling prices to offset increasing costs for ingredients, packaging and shipping.
Its sales in its fiscal 2023 first quarter, ended August 28, 2022, rose 9.5%, to $2.90 billion from $2.65 billion a year earlier....
Through your shares, you tap the maker of some of North America’s most popular food brands. They include Chef Boyardee canned pasta, Hunt’s tomato sauce, Orville Redenbacher popcorn and Reddi-wip whipped cream.
Conagra reported stronger-than-expected quarterly results, mainly because the company raised its selling prices to offset increasing costs for ingredients, packaging and shipping.
Its sales in its fiscal 2023 first quarter, ended August 28, 2022, rose 9.5%, to $2.90 billion from $2.65 billion a year earlier....
SUNCOR ENERGY INC., $45.04, Toronto symbol SU, remains a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor has agreed to sell its renewable power projects in Alberta and Ontario to Canadian Utilities (see below).
The company will receive $730 million for these assets when it completes the sale in the first quarter of 2023....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
Suncor has agreed to sell its renewable power projects in Alberta and Ontario to Canadian Utilities (see below).
The company will receive $730 million for these assets when it completes the sale in the first quarter of 2023....
TC ENERGY INC., $57.83, is a buy. The company (Toronto symbol TRP; Shares outstanding: 983.5 million; Market cap: $57.8 billion; TSINetwork Rating: Above Average; Dividend yield: 6.2%; www.tcenergy.com.) recently formed an alliance with Mexico’s state-owned power company (Comision Federal de Electricidad) to jointly build and operate a new, 715-kilometre natural gas pipeline (called the Southeast Gateway Pipeline) that will connect the ports of Tuxpan and Coatzacoalcos....
NEWMONT CORP. $43.90, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 793.7 million; Market cap: $35.3 billion; TSINetwork Rating: Average; Dividend yield: 5.0%; www.newmont.com) is the world’s largest gold producer....
IBM, $125.74, is still a buy. The company (New York symbol IBM; Shares outstanding: 903.2 million; Market cap: $109.8 billion; TSINetwork Rating: Above Average; Dividend yield: 5.3%) has now transferred $16 billion of its pension obligations (about 40% of its total liabilities) to life insurance companies Prudential Financial and MetLife, which will assume responsibility for payments to its former employees and their beneficiaries.
As a result, IBM will record a non-cash $4.4 billion (after-tax) charge against its third quarter earnings....
The shares of oil and gas stocks remain high as the U.S. and other economies recover—and with the Ukraine conflict. We continue to recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. But to cut risk, you should stick with producers that have positive cash flow even in times of low energy prices....
IMPERIAL OIL LTD., $64.87, is a buy. The company (Toronto symbol IMO; Shares o/s: 636.7 million; Market cap: $41.3 billion; TSINetwork Rating: Average; Dividend yield: 2.1%; www.imperialoil.ca) is teaming up with E3 Lithium Ltd....
ISHARES MSCI TAIWAN INDEX FUND, $45.22, is a buy for aggressive investors. The ETF (New York symbol EWT; buy or sell through brokers) gives you direct exposure to some of the top public companies of this East Asian powerhouse economy.
The fund’s largest holding is Taiwan Semiconductor at 20.9% of assets....
The fund’s largest holding is Taiwan Semiconductor at 20.9% of assets....
The major Canadian and U.S. stock markets, while still subject to volatility, have moved back up since their initial COVID-19 drop. Nonetheless, we think that if you can afford to stay in the market for several years or longer, now is still a good time for new buying....