There is always something to buy in the stock market. On Tuesday, I put out a list of the stocks that I covered and showed what stock might be a good deal based on dividend yield. Now I am trying to categorize what sorts of stocks may be a good deal based on dividend yield.
Categorizing stocks is not as simple as it might seem. Every site you go to has categorized stocks a bit differently. I try to keep this as simple as possible. See my spreadsheet at here. As in other spreadsheets, you can highlight a line or a number of lines for better viewing.
Of the consumer discretionary stocks, Canadian Tire is looking cheap. A number of Consumer Staple stocks seem to be still cheap. Examples would be Dorel Industries (TSX-DII.B A) and Metro Inc. (TSX-MRU).
On the Real Estate stock Granite Real Estate (TSX-GRT.UN) still looks cheap. However, the MPL Communications via their Report of Daily Buy and Sell Advisor recently said that H&R (TSX-HR.UN) is a buy.
A couple of the banks still seem to be cheap. These would be National Bank (TSX-NA), and TD Bank (TSX-TD). There are some in finance that deserve to be cheap, like AGF Management (TSX-AGF). For CI Financial (TSX-CIX) my list shows that on a historical average basis it is cheap. The stock of IGM Financial (TSX-IGM) and Power Corp (TSX-POW) are still showing as cheap.
There are a few cheap Industrial stocks like Finning International Inc. (TSX-TFF), PFB Corp. (TSX-PFB) and SNC-Lavalin (TSX-SNC).
There are not many companies cheap in the Tech sector except for small companies like Calian Technologies Ltd (TSX-CTY) and Evertz Technologies (TSX-ET).
A number of energy stocks also seem cheap. Examples are Canadian Natural Resources (TSX-CNQ); Cenovus Energy Inc. (TSX-CVE) and Suncor Energy (TSX-SU).
The infrastructure type utility companies are not cheap. What utility companies that are cheap, seem to be cheap for a good reason. Examples are Algonquin Power & Utilities Corp (TSX-AQN) and Just Energy Group Inc. (TSX-JE). I have also noticed that MPL Communications via their Daily Buy and Sell Advisor has just recommended selling TransAlta (TSX TA) because it earnings and dividends are in decline.
Of the Telecom Stocks BCE (TSX-BCE) and Shaw Communications Inc. (TSX-SJR.B) seem on the cheap side. I think that Manitoba Telecom (TSX-MBT) is cheap for a good reason. Note that MPL Communications via their Daily Buy and Sell Advisor has just put out a Buy recommendation for Shaw Communications.
On my other blog I am today writing about DirectCash Payments Inc. (TSX-DCI, OTC-DCTFF)...continue...
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my site for an index to these blog entries and for stocks followed. Follow me on Twitter.