Best Canadian Stocks To Buy Right Now

The late Canadian-American actor Alan Thicke doled out measured advice as a psychiatrist dad in the sitcom Growing Pains. If only his heirs could use some handholding from “America’s Dad” now that they’re battling how to divvy up his estate.

It’s just half a year since Thicke died after a heart attack last December; he was playing hockey with his 19-year-old son Carter. Thicke’s two older sons, popstar Robin and Brennan, as co-executors of their dad’s living trust, have filed a petition in the Superior Court in Los Angeles, seeking instructions on the interplay between the 1988 trust (amended last year) and a 2005 prenup signed by their dad and his third wife, Tanya Callau. At issue is what’s separate property, what’s community property, and how it should be split among the three children and Callau.

BURBANK, CA – APRIL 26: TV personalities Tanya Callau (L) and Alan Thicke attend The 42nd Annual Daytime Emmy Awards at Warner Bros. Studios on April 26, 2015 in Burbank, California. (Photo by Michael Buckner/Getty Images for NATAS)

Best Canadian Stocks To Buy Right Now: 3M Company(MMM)

Advisors’ Opinion:

  • [By Paul Ausick]

    3M Company (NYSE: MMM) traded down 1.05% at $210.38. The stock’s 52-week range is $163.85 to $214.57. Volume was about 20% below the daily average of around 1.8 million. The company had no specific news.

  • [By WWW.THESTREET.COM]

    We saw this pattern with 3M (MMM) , one of my favorite stocks, which got crushed, falling from $177 to $173 because of what the headline writers called a weak consumer-products division. Sure, you can pull a line and see an unexpected decline. But declines do not necessarily mean weakness, which, to me, connotes a failure to have the right product and flagging sales. If you go listen to the conference call, you discover that the weakness had to do with a particularly retailer’s troubles. Sure, you could argue, why do we trust this company? I come back and say, you trust them because CEO Inge Thulin has been money in the bank for years and there’s no reason not to trust him.

  • [By Chris Lange]

    3M Company (NYSE: MMM) is set to report its second-quarter results on Tuesday. The analysts consensus estimates call for EPS of $2.54 and $7.86 billion in revenue. Shares of 3M were changing hands at $211.07 at Fridays close. The consensus price target is $205.09, and the 52-week range is $163.85 to $214.57.

  • [By Chris Lange]

    3M Co.’s (NYSE: MMM) latest quarterly earnings report is expected on Tuesday. The consensus estimates are $2.06 in earnings per share (EPS) and $7.47 billion in revenue. Shares were trading most recently at $191.50, in a 52-week range of $163.17 to $193.50. The consensus price target is $190.50.

Best Canadian Stocks To Buy Right Now: Prestige Brand Holdings Inc.(PBH)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Castor believes the cash has disappeared into working capital, which has grown from 23% to more than 50% since 2008. Comparable company PrestigeBrand (PBH) uses 11%; Unilever(UL) and Colgate-Palmolive(CL) far less.

Best Canadian Stocks To Buy Right Now: Wells Fargo & Company(WFC)

Advisors’ Opinion:

  • [By WWW.KIPLINGER.COM]

    Cliches aside, Wells Fargo & Co. (WFC) might not be the most popular name after its phony accounts scandal, but so what? Its still a quality business with a quality stock that yields 3.4%.

  • [By Chris Lange]

    Wells Fargo & Co. (NYSE: WFC) will report its most recent quarterly results on Friday as well. The consensus estimates are $1.01 in EPS and $22.46 billion in revenue. Shares closed at $55.74 on Friday, in a 52-week range of $43.55 to $59.99. The consensus price target is $57.67. Over the past 52 weeks, the stock is up nearly 16%.

  • [By Dan Caplinger]

    Wells Fargo (NYSE:WFC) did an exceptionally good job of making it through the financial crisis in 2008 with minimal damage, weathering the turbulence in its stock price and rising to all-time record highs in the early and mid-2010s. Along the way, Wells Fargo also sought to regain its standing as a strong dividend stock, and it has successfully restored its quarterly payout to levels above what it had paid prior to the crisis. Yet recently, the bank has run into controversy with a scandal involving employees opening fake accounts, and Wells Fargo’s most recent earnings weren’t as strong as the company has seen in the past. Some investors are wondering whether the bank’s track record of dividend increases since the financial crisis could be in jeopardy. Let’s look more closely to whether Wells Fargo will raise its dividend in 2017.

  • [By Chris Dier-Scalise]

    Among the brands being sold were Alcoa Corporation (NYSE: AA) and Ford Motor Company(NYSE: F), which both paid out dividends in December. The financial and oil sectors also experienced a sell-off to finish 2016. Wells Fargo & Co (NYSE: WFC) and Citigroup Inc (NYSE: C) were net sold as each reached new year-to-date highs and investors unloaded ConocoPhillips (NYSE: COP) and Chevron Corporation (NYSE: CVX) as their prices normalized with the rise in the price of oil.

  • [By Teresa Rivas]

    Wells Fargo (WFC) is lower Monday, after the board of directors released the results of its internal investigation of the firms sales practices scandal.

    The company is clawing back some $75 million in pay from former Chief Executive JohnStumpfand former retailbankleaderCarrie Tolstedt, which the bank, in its 113-page report, holds largely responsible for the problems.

    The Wall Street Journal has more details on Wells Fargos conclusions:

    The boards results cap a six-monthindependent investigation that has not only rocked the countrys third-largest bank by assets but also the broader banking industry, with dozens of firms examining their own sales practices at the behest of regulators.

    Many directors on the San Francisco banks board now face their own scrutiny. Last week, proxy advisory firmInstitutional Shareholder Services Inc. suggested Wells Fargo investorsvote against 12 of the banks 15 directorsat the firms annual meeting April 25.The bank also continues to face federal and state investigations about its sales practices.

    A couple of analysts are weighing in on the stock today. Evercore ISIs John Pancari reiterated an Outperform rating and $64 price target on the stock:

    We reiterate our constructive thesis onWFCfrom a long term perspective as we expect abating headline risk (in part due to the conclusion of this investigation), still-intact above-peer ROE (despite our modeled expectation for a $0.25 per share go-fwd annual impact from the sales practice issue), and solid competitive position to drive a return of the stock’s premium valuation over time. While we acknowledge concerns around a potential CCAR failure (quantitative and/or qualitative), the broader fundamental impact could prove quite manageable asWFCmay still be permitted to deploy capital at the prior year (2016) level – just not increase deployment, while the related operational costs have

  • [By John Maxfield]

    You have to hand it to Wells Fargo’s (NYSE:WFC) executives for keeping investors in the loop about the performance of its retail banking unit following last year’s fake-account scandal, in which thousands of the bank’s employees opened up to 2 million accounts for customers without their approval to do so.

Best Canadian Stocks To Buy Right Now: Credit Suisse Group(CS)

Advisors’ Opinion:

  • [By Wayne Duggan] Related DB Deutsche Bank In The Tank Mike Khouw Sees Unusual Options Activity In Deutsche Bank 33 Large Banks On The Federal Reserve's Radar In 2016 (Seeking Alpha)
    Related CS Earnings Scheduled For February 4, 2016 Blockchain Moves Forward In The Financial Industry Credit Suisse Group AG (CS) Tidjane Thiam on Q4 2015 Results – Earnings Call Transcript (Seeking Alpha)

    The latest credit default swap (CDS) data from BMO Capital Markets indicate a number of investors are growing increasingly concerned about the one-year outlook for capital markets. In a new report, analyst Mark Steele discussed the recent surge in one-year CDS activity, and what it means for the market.

  • [By Diane Alter]

    The head underwriters for the ZTO IPO are Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. (NYSE: GS). Also working on the deal are China Renaissance, Citigroup Inc. (NYSE: C), Credit Suisse Group AG (NYSE ADR: CS), and JPMorgan Chase & Co. (NYSE: JPM).

  • [By David Zeiler]

    The federal government’s largesse isn’t restricted to U.S.-based companies, either. Foreign companies, including foreign banks, are also welcome. Credit Suisse Group AG (NYSE ADR: CS) got $225.1 billion, and UBS Group AG (NYSE: UBS) got $249.1 billion.

  • [By Paul R. La Monica]

    European banks worse off than 2008? Lamensdorf is concerned about the exposure to bad loans (especially energy company debt) held by big banks such as Royal Bank of Scotland (RBS), Credit Suisse (CS) and Deutsche Bank (DB). He’s shorting all three.

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