Today, Brett Girard, CPA, CA, CFA commented about whether ATD-T, NEE-N, BN-T, HDB-N, OTEX-T, LFUS-Q, JPM-N, CAE-T, TECK.B-T, SNPS-Q, AMZN-Q, TD-T, BNS-T, DHR-N, TRP-T, FFH-T, NTR-T, CIGI-T, SMCI-Q, NVO-N, BCE-T, BCPC-Q, AMD-Q, BAC-N, C-N are stocks to buy or sell.
We need to see Q1 earnings growth and to hear moderating impacts of inflation. Labour demand remains strong and input prices could rise as commodities rise. Holding some US stocks offsets the strength of the US dollar in a portfolio. Also, lock in yield with the US 10-year now at 4.6%. You can buy bonds at 5-5.55%, and hold part of your portfolio in these.
Real estate has been impacted heavily by higher interest rates. Office RE has been hit the most as there remains vacancies in offices. But if you feel that rates will decline (likely), CIGI will do better. If you like this name, buy a little now then wait 1-4 quarters and watch rates before adding more.
A dividend play, now paying nearly 8%. A retiree can buy now and collect income for years to come. TC is spinning off the liquids part of the business, so TC will remain a pure gas play. Their debt is exposed to high interest rates, but the term of their debt is a decade long. If they continue to sell assets and focus on gas, TC will do well.
You need a bank with a strong Canadian franchise with some US exposure. TD ticks these boxes, having a large US presence. It's the only Canadian bank he owns. The money-laundering overhang and investor impatience over the CEO being there for 10 years has already baked into shares. Invest in this for the next 10 years, even starting with a partial position. The TD grows 10% annually, and they continue to have a strong presence in Canada and the US.