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Since then, Adobe has been a show-me stock. Last week, the company showed big by delivering blow-out top- and bottom-line beats and raising its full-year forecast. For Q1-2023, EPS came in at $3.80, beating the expected $3.68. Likewise, sales of $4.66 billion beat $4.62 billion, a quarterly record, despite a strong USD. Earnings climbed 13%. Adobe raised its forecasted adjusted EPS for 2023 from $15.15 – 15.45 to $15.30 – 15.60 while Wall Street guided $15.29. Also, Adobe bought back five million shares in the quarter, and predicted 9% earnings growth for 2023. Read Adobe and Algonquin Power: Out of the Penalty Box? for our full analysis.

Then, last Friday when markets were selling off yet again, AQN rallied 3% after issuing its latest report. Q4-2022 adjusted EPS came in at $0.22, which missed the street’s estimate of $0.27, while the full-year clocked in at $0.69 “near the top end of” their revised guidance. At least Q4 adjusted earnings rose 10% YOY while full-year gained 6%. Further, the company sold nearly $360 million of wind-power assets before 2022 ended to shore up the balance sheet. By the end of last September, about 22% of their debt consisted of that nasty variable rate stuff. By the end of 2022, about 89% of debt was fixed. Read Adobe and Algonquin Power: Out of the Penalty Box? for our full analysis.

In 2022, Airbnb helped travelers book 393.7 million nights until gross bookings hit $63.2 billion that year, with revenues of $8.4 billion. That marked Airbnb’s first-ever profit (of $2 billion). Remember that the company lost $674 million in 2019. Read Silver linings in the SVB fall-out for our full analysis.

Meta shares now trade around $180, half of its peak in September 2021, but twice as much as the bottom of last Hallowe’en. This year so far, Meta has easily outpaced stalwart megatechs Apple and Microsoft which have climbed about 17% and 6.5% respectively. Meanwhile, Meta has jumped over 50%. The Nasdaq has risen only 7.4%. Read Silver linings in the SVB fall-out for our full analysis.

The company’s guidance pegs gold production at 3.2 to 3.4 million ounces of gold annually in 2023 and 2023, about the same as 2022, but if three projects are approved those would add up to 100,000 ounces in 2024. Costs per ounce are expected to remain “relatively stable” in this period. The price of gold itself will increase whenever the U.S. dollar rises. Gold is expected to be stable, hovering around $1,900 an ounce. Investors will be paid 3.41% to wait. AEM’s beta is a stable 0.78. Read: PDAC special: minerals for our full analysis.

Lundin is headquartered in Toronto like Agnico-Eagle, but it differs by mining copper (63% of 2022 revenues), zinc (12%), nickel (12%) as well as gold (7%). Key mines are the Chapada in Brazil, the Neves-Corvo in Portugal, the Eagle in the U.S, and the Zinkgruvan in Sweden. Lundin missed two of its last four quarters, but its most recent was generally positive, highlighted by its EPS coming in at $0.25, far above the expected $0.13. including a 36% dividend increase to nine cents per share as it buys back shares. Read: PDAC special: minerals for our full analysis.

UBS predicts EV sales will rise 30-35% in China this year. If this trend holds true, then China’s demand should offset any weakness in lithium prices. Also, Albemarle’s PE of 11.24x now has risen from 9.4x to start the year, but is historically reasonable considering the media average over five years is 30.85x. Read: PDAC special: minerals for our full analysis.

DOL’s chart shows an upward trend in the past 12 months from $66.66 to peak at $85.88, with higher highs and higher lows. Currently, DOL is trading right at its 50- and 200-day moving averages in the ballpark of $79-80. The current PE is 31x, so DOL is trading above its five-year median average of 28.95x and mathematical average of 28.39x. Shares are now toppy, so buy this on a pullback. DOL pays only a 0.28% dividend yield, but trades at a stable 0.75 beta. Yes, debt is significant, but so is cash flow. Read: Buying pullbacks: DOL, UNH, Linde for our full analysis.

Bulls counter that revenue over that three-year time span has grown 7.8% and the PE of just under 10x is very attractive. Also, CVS’ 2.82% dividend yield is secure at a 70% payout ratio. As for Oak Tree, CVS needed to add primary care to keep pace with its competitors, so Oak Tree will pay off in time. Be patient. Add to the company’s fine debt management at roughly 40% debt to total capital. Read Buying pullbacks: DOL, UNH, Linde for our full analysis. 

Linde consistently beats earnings. In early February, Linde reported their Q4 2022 EPS at $3.16 beating the expected $2.91. Increased prices and greater volumes meant higher revenues, specifically in the Americas which enjoyed a 12% YOY rise in operating profits. Linde also has a $9 billion backlog from clients who span everything from healthcare to making semiconductors and food supplies. One future use will be supplying Taiwan Semiconductor‘s new plant in Arizona; Linde will build a $600-million gas facility. Read: Buying pullbacks: DOL, UNH, Linde for our full analysis.

Savaria’s revenues have grown from $120 million in 2016 to $661 million in 2021 (the last reported full year). Accordingly, operating income has also climbed from $18.19 million to $49.18 million in the same time frame. However, the same cannot be said of net income, which was $12.3 million in 2016, then topped $26.46 million in 2020 but then fell to $11.54 million in 2021. Read: Canadian Tire, Savaria & XLI

CTC’A trades at a 9.92x PE, pays a 3.95% dividend yield backed by a safe 33.24% payout ratio. That valuation, by the way, has been the same since last July and is a far cry from July 2020 through June 2021 when it topped 17x. CTC’A is trending above its 50-day moving average of $154.53 and 200-day of $159.03, while the street sees a higher PE of 10.16x. Quarterly revenue growth YOY rose 3.9% and earnings growth 4.6%. Read: Canadian Tire, Savaria & XLI

XLI charges only 10 basis points, pays a small 1.58% dividend yield, but it holds some heavy hitters: Honeywell, UPS, Union Pacific, Boeing, Raytheon and Caterpillar in that order. Yes, GE also sits in this basket, but so do Lockheed Martin and Deere. The biggest holding, Honeywell, has exposure to defense, but more so automation in manufacturing, a growing area and one that’s needed in the current labour shortage. Read: Canadian Tire, Savaria & XLI

No, this is not the alcohol conglomerate, but a highly successful Canadian software company that boasts returns of 11% in the past year and 183% over the last five. For a tech company, CSU boasts a low beta of 0.81 and trades at a PE just below 81x. Compare that valuation to its five-year median average of 62.55x, but the current level remains 50% lower than its peak of 128.13x at the end of 2021. Read: Risk tolerance and safety for our full analysis.

The house of Mickey has been the talk of Wall Street of late after it delivered an impressive quarter last week, cost cuts and the resumption of its dividend sometime this year. CEO Bob Iger has been hailed as the returning saviour and, indeed, he was charming and persuasive in his conference call and media interviews after the report. DIS shares popped 5% immediately after hours, but finished last Thursday -1.31%, because the overall market sank on interest rate fears. Read: Risk tolerance and safety for our full analysis.