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INTERNATIONAL FLAVORS & FRAGRANCES INC. $121 is a buy. The company (New York symbol IFF; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 254.8 million; Market cap: $30.8 billion; Price-to-sales ratio: 2.5; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.iff.com) merged with the nutrition and biosciences business of DuPont (New York symbol DD) in February 2021....

China is now easing its latest round of COVID-19 lockdowns. That should help fast-food operators Starbucks and Yum China rebound, particularly as their strong brands and expanding digital platforms remain popular with younger customers.


STARBUCKS CORP....
PHILIPS ELECTRONICS N.V. ADRs $21 is a buy. The company (New York symbol PHG; Conservative Growth Portfolio, Manufacturing sector; ADRs outstanding: 870.2 million; Market cap: $18.3 billion; Price-to-sales ratio: 1.1; Dividend yield: 4.3%; TSINetwork Rating: Average; www.philips.com) makes industrial health-care products, including X-ray scanners and ultrasound systems, along with consumer goods such as electric shavers and electric toothbrushes.


The stock has dropped 44% since the start of 2022, mainly due to the recall of 5.5 million sleep apnea and ventilator machines over concerns that a type of foam used in the devices could degrade and release harmful particles....
WALMART INC. $127 is a buy. The retailer (New York symbol WMT; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 2.8 billion; Market cap: $355.6 billion; Price-to-sales ratio: 0.6; Dividend yield: 1.8%; TSINetwork Rating: Above Average; www.walmart.com) is buying 4,500 all-electric delivery vans from Canoo Inc....
Rising interest rates and recession fears have hit these three technology stocks particularly hard in 2022, as investors worry a slowdown will prompt their clients to spend less on their products.


However, those kinds of cuts would be shortsighted of clients, as the products they buy from these companies make them more efficient....
3M COMPANY $139 remains a buy. The diversified manufacturer (New York symbol MMM; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 569.6 million; Market cap: $79.2 billion; Price-to-sales ratio: 2.3; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.3m.com) now plans to spin off its Health Care division as a separate company....
Investors tend to prefer “pure-play” firms as easier to analyze than companies with many businesses. A good example is the April 2020 merger our long-time favourite United Technologies with rival Raytheon to form Raytheon Technologies. It also spun off its building equipment businesses, which let Raytheon focus solely on its aerospace operations.


Despite the shutdown of air travel due to the COVID-19 pandemic, the stock has gained 81% since the merger....
We’ve generally stayed out of drug stocks for much of the two decades before 2020, but that changed in the last year or two. In fact, we now expect to see many great investment opportunities in drug stocks throughout the 2020s. You could say this is related to COVID-19, but it was going to happen anyway, due to regulatory and research developments that were already underway....
POWER CORP. $34 is a buy. The conglomerate (Toronto symbol POW; Conservative-Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 616.2 million; Market cap: $21.0 billion; Dividend yield: 5.8%; Dividend Sustainability Rating: Above Average; www.powercorporation.com) is a holding company with a diversified list of businesses....
Suncor recently agreed to a new deal with activist investor Elliott Management. That could lead to the sale or spinoff of its gas stations. Even with a sale, it’s likely the company would return any cash from the deal to investors through higher dividends and share buybacks.


SUNCOR ENERGY INC....