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BUY
Manulife vs. Canadian Tire as a dividend play He nearly made MFC a top pick today. He'd certainly buy. They just hiked their dividend and in the US they offloaded a lot of long-term risk. He through the market would have been more positive about the latter. Pays a 5.5% dividend now. Catalysts are head driven by new managers. He prefers MFC over Canadian Tire which faces rising input costs, lots of competition and weaker management. That said, CT is a decent investment.
insurance
WEAK BUY
Manulife vs. Canadian Tire as a dividend play He nearly made MFC a top pick today. He'd certainly buy. They just hiked their dividend and in the US they offloaded a lot of long-term risk. He through the market would have been more positive about the latter. Pays a 5.5% dividend now. Catalysts are head driven by new managers. He prefers MFC over Canadian Tire which faces rising input costs, lots of competition and weaker management. That said, CT is a decent investment.
specialty stores
BUY
The stock came off because their backlog has been weaker than expected, and the cost overruns of their coastal gaslink. Their future is strong. Well-run and pays a good dividend, but shares will be lumpy and cyclical. You'll be fine buying at the bottom and holding long term.
contractors
BUY on WEAKNESS
It's too cyclical for him. He likes the company. He'd buy this if this fell to the low-$20s or teens, which is not now.
Financial Services
COMMENT
WTI price outlook At $80 the oil market was priced for perfection. Demand will decline even if a variant impacts it. Even if we shut down all OECD jet fuel demand, crude oil would only drop 2% in demand. The oil stocks have not come off that much. Until we see more weakness, these stocks are a solid hold. Would buy oil stocks on weakness.
Unknown
DON'T BUY
They've done a good job with the dividend, but it's highly cyclical. He can't square their supply chain issues with the a huge surge to buy cars; historically a surge is followed by soft car demand for the next 3-4 years which he sees this happening. Can Magna navigate that drop? Buy this when the sector bottoms, but we're not there yet.
Automotive
WATCH
It's very hard to make nuclear investment which lasts 50-100 years when government policy can change in 5-10. He feels nuclear will be a growing part of power demand, because there's not enough green energy to offset carbon power. CCO is up on uranium prices climbing. Watch, but don't buy this. It pays only a modest dividend, and shares have doubled this year. Watch.
integrated mines