Net worth tracking
Login Sign Up
  • All Opinions
  • Top Picks
  • Discover
  • Companies
  • Experts
WATCH LIST
Home » Stock Lists

Top 5 Canadian Grocery Stocks to Buy and Forget.

Melisa R. H.Melisa R. H. Posted On January 31, 2019
0
2.5K Views
0
0
Shares
  • Share On Facebook
  • Tweet It

Grocery stocks are great consumer staple stocks that are defensive in times of volatility, such as what we have seen in the past months. Metro has been hitting its 52-week high, as seen on our high list.

Big box stores such as Costco and Walmart are threatening the growth of grocery stores, as they create super centres that offer much more than just groceries and can sometimes offer better value. These companies are ramping up their grocery section and are looking into online as well. The minimum wage situation could also affect grocery stores negatively, since they run on pretty tight margins. Competition could cut revenues and leave grocery stores vulnerable. However, people have to eat and grocery stores aren’t going anywhere so this might be a good place to hide during stock market storms.

Couche-Tard, who’s weathered the sell-off, is growing its business and might threaten the classic grocery store with its convenience and availability. As a company that continually adds value to stockholders, this could be a good alternative buy.

🛍 Consumer

Canadian groceries y drugstores

Metro Inc (A) (MRU-T)

Metro Inc (A) (MRU-T) — Stockchase
Metro Inc (A) (MRU-T) — Stockchase

MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.

stockchase.com stockchase.com

Loblaw Companies Ltd (L-T)

Loblaw Companies Ltd (L-T) — Stockchase
Loblaw Companies Ltd (L-T) — Stockchase

Digital and e-commerce transition. Cheap relative to its space and on an absolute basis. Having Shoppers as an asset is so powerful. Yield is 1.9%. (Analysts’ price target is $75.33)

stockchase.com stockchase.com

Empire Company (A) (EMP.A-T)

Empire Company (A) (EMP.A-T) — Stockchase
Empire Company (A) (EMP.A-T) — Stockchase

MRU-T vs. EMP.A-T. Metro has been his favourite grocery stock for 15 years. Grocery are the stay-at-home stocks but as we exit the pandemic this is not where you want to be. Don’t buy until the rotation is completed.

stockchase.com stockchase.com

Goodfood Market Corp. (FOOD-T)

Goodfood Market Corp. (FOOD-T) — Stockchase
Goodfood Market Corp. (FOOD-T) — Stockchase

This is one of his largest positions. He trimmed a little on the way up but it is a long term core holding. The pandemic has really, really helped them. People are ordering more food from home. They are offering their own private label products with same day delivery. They plan to go to $4…

stockchase.com stockchase.com

North West Company (NWC-T)

North West Company (NWC-T) — Stockchase
North West Company (NWC-T) — Stockchase

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They beat EPS estimates by 4 cents, at 70 cents. EBITDA beat estimates by 20% at $83.6M. Same store sales rose. They continue to benefit from the pandemic and have controlled costs well. Unlock Premium - Try 5i Free

stockchase.com stockchase.com

These companies are a threat:

Walmart Inc (WMT-N)

Walmart Inc (WMT-N) — Stockchase
Walmart Inc (WMT-N) — Stockchase

WMT is now in seasonality. It'll also benefit from selling home improvement products as people will continue to spruce up their homes. The current housing boom fuels this. It's an ideal hybrid stock, because people go here to get jabbed. Hybrid means it's a lockdown as well as reopening play. He expects market upgrades.

stockchase.com stockchase.com

Costco Wholesale (COST-Q)

Costco Wholesale (COST-Q) — Stockchase
Costco Wholesale (COST-Q) — Stockchase

They delivered 17% sales growth, with food, liquor, fresh food and other categories way up. Will consumers continue to stuff their pantries? Yes. Wall Street missed the fact that CST is the last man standing, that smaller peers have closed during the pandemic so there's less competition now. Also, strong membership sign-up numbers helped. Great…

stockchase.com stockchase.com

Convenience Store.

Alimentation Couche-Tard (B) (ATD.B-T)

Alimentation Couche-Tard (B) (ATD.B-T) — Stockchase
Alimentation Couche-Tard (B) (ATD.B-T) — Stockchase

(A Top Pick Apr 09/20, Up 17%) He has owned it for a number of years. They are a good consolidator. It has been perking up a little in the last few weeks. There are probably some short term headwinds for them with comparisons to last year as a lot of stores were closed and…

stockchase.com stockchase.com
Post Views: 2,510
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Moderna, Snap Inc. and 21 Stock and 1 ETF Top Picks (Apr 01-08)
Melisa R. H. April 9, 2021
Toronto Dominion, Dollarama Inc. and More at 52-week Highs (Mar 31 Apr 06)
Melisa R. H. April 7, 2021
23 Stock Top Picks and 3 ETF (Jan 25-31)
Read Next

23 Stock Top Picks and 3 ETF (Jan 25-31)

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Join 39,652 Investors

    Winning in the Market eBook
    We deliver stock ideas to your inbox. Sign up free, get the ebook!

  • Top Reviews

    • The Ugly Truth About Identity Theft – Free Credit Report
      10
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
  • Popular Posts

    • Moderna, Snap Inc. and 21 Stock and 1 ETF Top Picks (Apr 01-08)
    • Toronto Dominion, Dollarama Inc. and More at 52-week Highs (Mar 31 Apr 06)
    • Aphria Inc, Cogeco Cable and More Earnings Reports this Week (Apr 12-16)
    • 5G Stocks Are Coming -- Are You Ready?
    • 3 Underestimated Automation Stocks
  • Stock Lists

    • 3 Promising Stock Upgrades: SNAP, Uber, Corus
      April 13, 2021
    • April Showers and Flowers: 4 Covid Vaccination Stocks...
      April 6, 2021
    • Wine and Pizza: 3 Uplifting Food Stocks
      March 30, 2021
    • 3 Underestimated Automation Stocks
      March 23, 2021
    • 5G Stocks Are Coming -- Are You Ready?
      March 16, 2021


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search