Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Christine Poole commented about whether LVMUY-OTC, CSH.UN-T, RY-T, S-T, AAPL-Q, PPG-N, SU-T, NOK-N, WMT-N, BBD.B-T, ATRL-T, COS-T, TECK.B-T, BCE-T, FSLR-Q, L-T, CCO-T, ABT-N, WFC-N, IFF-N, HR.UN-T, CNQ-T, META-Q, SBUX-Q, K-T, ABX-T, WPM-T, NA-T, BMO-T, BNS-T, SNE-N, AGU-T are stocks to buy or sell.
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Banks had a nice run but they all pulled back and didn’t really participate in the rally because of concerns on the Canadian housing market. 60% of their residential mortgage loan book is insured. The other 40% has a very long to valuation ratio of 47% so there is a lot of cushion built-in. Very nice diversified revenue stream. Personal and commercial lending is about half of their earnings. Yield of 4.19% which they continue to increase. Trading at about 11X forward earnings, which is very attractive.
Largest operator of seniors housing in Canada. Also, have a presence (26%) in the US. Likes the demographics of their industry. People are living longer. Penetration of people living in retirement homes is quite low, which plays in their favour. Did a couple of acquisitions in Canada and have been selling out of non-core areas in the US. Good chance they will be increasing the distribution this year. Yield of 4.73%.
The global leader in the luxury brands industry. They are in fashions, leather goods, spirits, jewellery, etc. They do retailing in all the duty-free stores in the big airports. Relatively recession resistant. Well-positioned to meet emerging and developed markets demand. Dividend yield of 2.74%.
(Market Call Minute.)