For the last few months, thanks to winning a prize from one of my favourite sites, I’ve received daily newsletters from the TSI Network. For those that don’t know, the TSI Network is the online home of Pat McKeough’s highly successful family of investment publications: The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor. You can sign up for some or all of these publications about Canadian, U.S. and international stocks.
After reviewing my inbox filled with these publications for the some time now I’ve noticed a rather interesting (and predictable) investment trend when it comes to great buys for Canadian stocks. Maybe you’ll agree with me…
First up though here are some of the Canadian stocks highlighted as great buys in Pat’s recent publications, in no particular order:
- Toromont (TIH)
- Enerflex (EFX)
- Intact Financial (IFC)
- Yamana Gold (YRI)
- Great-West Lifeco (GWO)
- Alimentation Couche-Tard (ATD.B)
- Transcontinental Inc. (TCL.A)
- RioCan REIT (REI.UN)
- Teck Resources (TCK.B)
- Bellatrix Exploration (BXE)
- Encana (ECA)
- Cenovus (CVE)
- Canadian Utilities (CU)
- ATCO Ltd. (ACO.X)
Although Pat’s reports are interesting and I’m thankful to receive the stock details in them, they can be distilled down to “tipping” many Canadian dividend paying stocks you’ll find by owning Exchange Traded Funds (ETFs) like CDZ (that holds Canadian dividend aristocrats) or XIU (that holds the biggest 60, mostly blue-chip Canadian stocks).
The reality is there are only so many “hot” stocks in Canada. Once your stocks are purchased, you can largely forget the market noise and simply focus on doing other things with your time. Many of these companies will provide steady dividends and capital appreciation for the foreseeable future.
Do you agree with me?