Have you noticed how many investment newsletter publishers have taken to describing themselves as “legends” in their advertising? It reminds me of the old-fashioned phrase “a legend in his own time.” Come to think of it, it’s even more reminiscent of kids’ versions of the phrase, such as, “a legend in his own mind,” or “a legend in his lunchtime.”

Some investors see this over-stated advertising from stock-market gurus as a sign of a frothy, high-risk stock market....

ALAMOS GOLD INC., $9.18, is a buy. The gold miner (symbol AGI on Toronto) took its current form in July 2015. That’s when it merged with AuRico Gold, at that time a Stock Pickers Digest recommendation. The combined firm owns the Mulatos mine in Mexico, and the Young-Davidson and Island mines in northern Ontario.

The Mulatos mine has now transitioned to a new, nearby deposit called La Yaqui Grande.

Initial gold production has started at the La Yaqui Grande mine, following the completion of construction this month, ahead of schedule....

KELLOGG COMPANY, $70.72, symbol K on New York, is a major maker of food products in North America and the rest of the world. Its well-known brands include Pringles, Special K, Pop-Tarts, Rice Krispies, Eggo, MorningStar Farms, and many more.

On June 21, 2022, Kellogg announced that it plans to separate into three independent public companies through a tax-free spinoff of its North American (U.S., Canadian, and Caribbean) cereal business, as well as the spinoff its plant-based foods business....

TELUS CORP., $28.89, Toronto symbol T, is a buy.

The company is Canada’s second-largest wireless carrier, with 11.48 million users. That’s just behind BCE’s Bell Mobility (with 11.79 million users) and ahead of Rogers Communications (10.06 million users)....

MONDELEZ INTERNATIONAL INC., $62.65, Nasdaq symbol MDLZ, is a buy.

The company makes cookies and crackers (Oreo, Ritz), chocolate bars (Cadbury, Toblerone), gum and candy (Trident, Dentyne) and Halls cough drops.

Mondelez has agreed to buy Clif Bar & Co....

CANADIAN NATIONAL RAILWAY CO., $146.75, Toronto symbol CNR, remains a buy.

CN operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

About 750 of CN’s signal and communications workers (3% of its total workforce) went on strike last weekend after their union and the company failed to reach a new contract deal.

So far, the walkout has had little impact on CN’s operations....

TORONTO-DOMINION BANK $87 is a buy. The lender (Toronto symbol TD; Income-Growth Payer Portfolio; Finance sector; Shares outstanding: 1.8 billion; Market cap: $156.6 billion; Dividend yield: 4.1%; Dividend Sustainability Rating: Highest; www.td.com) last raised your quarterly dividend with the January 2022 payment....

Canadian Tire continued to rebound as its stores re-opened with the end of COVID-19 lockdowns. The company is also expanding its online business and cutting costs. In fact, it’s so confident in its prospects that it just hiked your dividend by a whopping 25.0%.


CANADIAN TIRE CORP....

WELLS FARGO & CO. $39 remains a buy. The bank (New York symbol WFC; Conservative-Growth Payer Portfolio, Finance sector; Shares outstanding: 3.8 billion; Market cap: $148.2 billion; Dividend yield: 2.6%; Dividend Sustainability Rating: Average; www.wellsfargo.com) is third-largest banking firm in the U.S., with total assets of $1.94 trillion.


Due to the COVID-19 pandemic, Wells Fargo cut its quarterly dividend by 80.4% to $0.10 a share with the September 2020 payment....

MOLSON COORS CANADA INC. is still a hold. The company (Toronto symbols TPX.A $74 and TPX.B $67; Conservative Growth Payer Portfolio, Consumer sector; Shares outstanding: 216.9 million; Market cap: $14.5 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Average; www.molsoncoors.com) is the world’s fifth-largest beer brewer....