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Computer outsourcing firm CGI recently announced a new acquisition in Europe, its first major deal since the start of the COVID-19 pandemic. While using acquisitions to expand adds risk, this new purchase should help fuel the company’s growth, particularly as businesses increase their spending on cloud computing and cybersecurity.
CGI INC....
CGI INC....
TOROMONT INDUSTRIES LTD. $118 is a buy. The company (Toronto symbol TIH; Aggressive Growth Portfolio; Manufacturing sector; Shares outstanding: 82.4 million; Market cap: $9.7 billion; Price-to-sales ratio: 2.6; Dividend yield: 1.3%; TSINetwork Rating: Extra Risk; www.toromont.com) distributes a range of industrial equipment, including Caterpillar machinery, in eastern Canada....
SAPUTO INC. $30 is a hold. The company (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 414.4 million; Market cap: $12.4 billion; Price-to-sales ratio: 0.9; Dividend yield: 2.4%; TSINetwork Rating: Average; www.saputo.com) is Canada’s largest producer of dairy products....
CENOVUS ENERGY INC. $21 is a buy. The company (Toronto symbol CVE; Conservative Growth Portfolio, Resources sector; Shares outstanding: 2.0 billion; Market cap: $42.0 billion; Price-to-sales ratio: 0.9; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.cenovus.com) plans to cut its annual greenhouse gas emissions 35% by the end of 2035 compared to 2019 levels....
Canada’s federal government recently announced new greenhouse gas (GHG) reduction targets. Those include cutting emissions from oil and gas producers by 42% before 2031. That new target is more aggressive than Suncor’s or Imperial Oil’s own plan. Even so, meeting it is unlikely to severely impact their earnings considering the government will help offset their costs for new carbon-reduction technologies....
Leon’s shares fell below $12 in March 2020 as COVID-19 forced the retailer to close stores and suspend its dividend. The stock has nearly doubled since then. Still, we feel it can go higher as the pandemic continues to spur consumers to upgrade their home offices and living spaces, particularly through Leon’s e-commerce channels.
LEON’S FURNITURE LTD....
LEON’S FURNITURE LTD....
METRO INC. $73 is still a buy. The company (Toronto symbol MRU; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 240.9 million; Market cap: $17.6 billion; Price-to-sales ratio: 1.0; Dividend yield: 1.5%; TSINetwork Rating: Average; www.metro.ca) operates 950 grocery stores and 650 drugstores (mainly under the Jean Coutu banner) in Quebec, Ontario and New Brunswick.
Through their union, the 900 workers at the Metro warehouse in Toronto recently rejected a new contract and are now on strike....
Through their union, the 900 workers at the Metro warehouse in Toronto recently rejected a new contract and are now on strike....
NUTRIEN LTD. $127 remains a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 570.7 million; Market cap: $72.5 billion; Price-to-sales ratio: 2.1; Dividend yield: 1.9%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers.
The stock has jumped nearly 40% since the start of 2022....
The stock has jumped nearly 40% since the start of 2022....
Canada’s top banks continue to rebound from their pandemic lows, as an expected surge in loan writeoffs failed to materialize. The recent increase in the Bank of Canada’s benchmark lending rate, as well as more hikes likely this year, will also lift their earnings....
BCE INC. $72 is your #1 Income Buy for 2022. The company (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 908.8 million; Market cap: $65.4 billion; Price-to-sales ratio: 2.7; Dividend yield: 5.1%; TSINetwork Rating: Above Average; www.bce.ca) is Canada’s largest traditional telephone service provider....