Today, Brian Madden commented about whether POT.TO, IPL.TO, RY.TO, MFC.TO, SHOP.TO, ATD.B.TO, CTC.A.TO, WFG.TO, MG.TO, PD.TO, ACQ.TO, RCI.B.TO, T.TO, SJR.B.TO, CLS.TO, TWM.TO, CPX.TO, PPL.TO, TCN.TO, ENB.TO, CPG.TO, GMP.TO, TOU.TO, ECI.TO, NA.TO are stocks to buy or sell.
There is a short call on this one. Canada’s largest company and one of the largest banks in the world. It is the undisputed leader in wealth management. It is a leverage play on domestic banking. It has a 3.6% dividend that grows at 10% compounded. It should be a core part of any Canadian portfolio. (Analysts’ target: $108.00).
There is a big catalyst in front of them. They are about to make a decision on a propane dehydrogenation and polypropylene plant in the next quarter. Alberta is awash in propane so there is a glut. It has a 6.3% dividend. 80% of the business is underpinned with take or pay contracts. (Analysts’ target: $29.00).
(Market Call Minute) He likes it. It has a good global footprint. High ROE and a good capital return to shareholder strategy. If it has become outsized in your portfolio, don’t be shy about taking profits.