Wednesday, October 8, 2014

Something to Buy October 2014

There is always something to buy in the stock market. On Monday, 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.

The one thing that is noticeable for this October is that a lot of stocks are down from last month.

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 no longer cheap but Thomson Reuter (TSX-TRI) is still showing as relatively cheap. I have Leon's Furniture as a Consumer Staple, but it should be a Consumer Discretionary stock and it is now relatively cheap. I have the same problem with Dorel Industries (TSX-DII.B) and it is showing as historically cheap.

A number of Consumer Staple stocks seem to be relatively cheap. Examples would be Jean Coutu Group Inc. (TSX-PJC.A), Metro Inc. (TSX-MRU) and Saputo Inc. (TSX-SAP).

I have two health care stocks and they are both American and both showing as relatively cheap. These stocks are Johnson and Johnson (NYSE-JNJ) and Medtronic Inc. (NYSE-MDT).

Of my Real Estate stocks only Granite Real Estate (TSX-GRT.UN) is showing as relatively cheap.

There are more banks showing as relatively cheap this month. These would be Bank of Nova Scotia (TSX-BNS) National Bank (TSX-NA), Royal Bank (TSX-RY) and TD Bank (TSX-TD). Of the big five Canadian Banks only Bank of Montreal (TSX-BMO) is not showing as cheap.

There are some in finance that deserve to be cheap, like AGF Management (TSX-AGF). CI Financial (TSX-CIX) is still showing up as relatively cheap as is IGM Financial (TSX-IGM). Both Power Corp (TSX-POW) and Power Financial (TSX-PWF) are still looking relatively cheap.

There are a few historically cheap Industrial stocks like Hammond Power Solutions Inc. (TSX-HPS.A), PFB Corp (TSX-PFB) and Transcontinental Inc. (TSX-TCL.A). These all seem to be very cheap for a reason. There are other industrials showing relatively cheap. They are Bombardier Inc. (TSX-BBD.B); Canam Group Inc. (TSX-CAM); Finning International Inc. (TSX-FTT); Pason Systems Inc. (TSX-PSI); Pulse Seismic Inc. (TSX-PSD); and SNC-Lavalin (TSX-SNC). Canam Group Inc. (TSX-CAM); Pason Systems Inc. (TSX-PSI); and Pulse Seismic Inc. (TSX-PSD) are all rather small companies.

Still the only relatively cheap ones in the Tech sector are for small companies like Calian Technologies Ltd (TSX-CTY) and Evertz Technologies (TSX-ET).

A number of energy stocks are historically cheap. They are Canadian Natural Resources (TSX-CNQ); Cenovus Energy Inc. (TSX-CVE) and Suncor Energy (TSX-SU). Canadian Oil Sands Ltd (TSX-COS) and Ensign Energy Services (TSX-ESI) are showing as relatively cheap.

In the Materials Sector Teck Resources Ltd (TSX-TCK.B) is showing as historically cheap, while Barrick Gold Corp. (TSX-ABX) is showing as relatively cheap.

The infrastructure type utility companies are not cheap. What utility companies that are cheap, seem to be cheap for a good reason. Examples are Atlantic Power Corp (TSX-ATP) and TransAlta Corp (TSX-TA).

Of the Telecom Stocks BCE (TSX-BCE) and Shaw Communications Inc. (TSX-SJR.B) seem to be relatively cheap. I think that Manitoba Telecom (TSX-MBT) is relatively cheap for a good reason.

On my other blog I am today writing about Medtronic Inc. (NYSE-MDT) ... 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.

1 comment:

  1. Sorry, but I forgot to load that spreadsheet. I have done so now, so you should be able to link to it now.