DON'T BUY
Doesn't own airlines, given huge fixed costs and obviously the air travel recovery has been prolonged, though will eventually come back. There are fewer players in Canada, so AC will certainly participate in a wider recovery. Canada's strong restrictions in air travel have hampered airline recovery. Doesn't see long-term secular growth in the airline sector.
DON'T BUY
She owns another name in food retailing/grocers, who have benefitted from strong same-store sales growth, though this growth will moderate as economies open up more and eat out more. All retailers are increasing digital shopping and home delivery, though. It's a competitive space. All names have benefitted from the pandemic, but Empire doesn't offer much growth or pay a large dividend.
BUY
She owns this Pembina and Enbridge among pipeline. ENB is more defensive since it's the largest transporter of crude oil and natural gas in North America. Over 95% of what they move is under long-term take-or-pay contracts. Their yield is under 8% at a 60% payout ratio, so safe. It maintained its guidance even during the lockdown. It's difficult to build pipelines, but ENB recently enjoyed good news to resume building its line 3, which she expects will get built. ENB offers a solid income flow.
BUY

Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.

BUY ON WEAKNESS
The dividend is safe. All telcos are good at increasing their dividend yearly. BCE pays 5.9%. She buys this below $55. A solid income stock.
BUY

She likes this. EMA made an acquisition in Florida. The dividend is safe and should grow in the single digits. Utilities are a great space for income investors. She owns peers including AQN.

TOP PICK

A regulated utility and they make green energy. 90% of revenues come from the U.S. It's defensive with a visible cash flow. Their renewable business is supported by long-term contracts. The 4.5% dividend is safe and will continue to rise. AQN recently raised $1 billion to fund their capital program this year into next. They've partnered with Chevron to develop their renewable energy. Last week, they bought a Chilean water utility and may buy the rest of it later. Overall, they're expanding their renewable power space. They have room to grow geographically here and abroad. Strong growth prospects here and an income stock. We're already seeing capital pour into renewable power globally and here in Canada. (Analysts’ price target is $20.59)

TOP PICK
A diversified healthcare name. The pharma drug pipeline is robust with success launching products that should continue. Strong balance sheet and pays under a 3% yield that they've increased in 50 straight years. The medical devices unit got hit by the lockdown, but surgeries are coming back (they reportedly snapped back to 85% pre-Covid). They are developing a vaccine, but won't make a profit, they say, in the first stage. (Analysts’ price target is $163.63)
TOP PICK

Food retailing is defensive. Unlike Empire, Loblaw owns Shoppers which gives it an edge. Loblaw is expanding their health business, entering digital health with a new acquisition. The locations of both Loblaw and SDM are great and boast a 30% market share. People are becoming comfortable using online medical services, a trend that will continue across North America long term. The growth rate in their click-and-collect and grocery delivery may not be that strong, but will continue to rise. Trades at 14x forward earnings, reasonable. The dividend is a moderate 2%. Even if we enter high volatility, this sector and stock will be fine. (Analysts’ price target is $80.82)

BUY

She prefers JPM to Citi because their managers are strong; they're the cream of the crop among US banks. JPM was very conservative in their provisions in the last few quarters. JPM will bounce back well.

BUY

Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.

BUY

Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.

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TOP PICK
Stockchase Research Editor: Michael O'Reilly BANF operates 107 commercial banking locations in Oklahoma. Its latest earnings report topped analyst expectations by over 30% and it achieves margins over 23%. EPS has grown on average 8.9% annually over the past five years. The dividend was just raised and pays a decent yield that is backed by a 37% payout ratio. We would trade this with a stop-loss at $39.00. Yield 3.03% (Analysts’ price target is $66.00)
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TOP PICK
Stockchase Research Editor: Michael O'Reilly It will soon be tax time again and HRB is set to see a seasonal uptick in business. Latest earnings beat expectations by almost 50%. Although EPS was negative the company's investment in its online digital platform will better position it for this pandemic based economy. It pays a nice dividend, but its payout ratio of cash flow is a bit high at 84% -- we think improving earnings will keep it safe. We expect some technical resistance near $17, when breached will lead to a test of $20 -- 35% upside. We would trade this with a $13 stop-loss. Yield 7.07% (Analysts’ price target is $20.17)
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TOP PICK
Stockchase Research Editor: Michael O'Reilly UGI distributes energy, primarily propane, to over 1.7 million customers through 1900 distribution locations in the US. This is a bit of a seasonal play as their business is getting busy now shipping energy to its customers ahead of winter. It pays a nice dividend that is backed by a payout ratio of only 57% of cash flow. We would trade this with a stop-loss of $30, looking for a return to $45 -- 35% upside. Yield 4.05% (Analysts’ price target is $45.25)