Dividend Advisor Hotline – Friday, March 1, 2024

LOBLAW COMPANIES LTD., $145.13, Toronto symbol L, is a buy.

The company operates 1,104 supermarkets under several banners, including Loblaws, Zehrs, Provigo, Real Canadian Superstore and No Frills.

In March 2014, it purchased the Shoppers Drug Mart chain for $12.3 billion in cash and shares. Shoppers operates 1,351… Read More

Q: Can I get your recommendation on Definity Financial, trading on Toronto? Thank you.

A: Definity Financial Corp., $44.53, symbol DFY on Toronto (Shares outstanding: 114.9 million; Market cap: $5.2 billion; www.definityfinancial.com), is the new name for the holding company of Economical Insurance, Family Insurance Solutions, Petline Insurance, and Sonnet Insurance.

Definity was created as part of Economical Insurance’s demutualization… Read More

Power Growth Investor Hotline – Friday, February 23, 2024

DRAFTKINGS INC., $41.28, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) currently provides sports betting in several U.S. states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia,… Read More

Sony plans to unlock more value

SONY GROUP CORP. ADRs $87 is a hold. The Japanese conglomerate (New York symbol SONY; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $113.1 billion; Price-to-sales ratio: 1.2; Dividend yield: 0.6%; TSINetwork Rating: Average; www.sony.com) plans to sell shares in its financial services… Read More

Three top picks to power your 2024

We have singled out three growth Buys for 2024—ones we believe have exceptional prospects for the year ahead. What’s more, each is a market leader, which cuts your risk if the economic outlook softens.
INTACT FINANCIAL, $201.59, is a #1 Power Buy for 2024. The insurer (Toronto symbol IFC; TSINetwork… Read More

Former parent has better prospects

On August 3, 2021, the old L Brands holding company (old New York symbol LB) split into two separate firms: Victoria’s Secret and Bath & Body Works. Investors received one new share of Victoria’s Secret for every three shares of L Brands they held. L.. Read More