Five aggressive picks for the long haul

Article Excerpt

We recommend that you limit aggressive holdings to 30% of your overall portfolio (10% for more conservative investors). That’s especially true in light of the recent stock market volatility. We like the long-term outlook for these five aggressive stocks. However, only four are buys right now. RIOCAN REAL ESTATE INVESTMENT TRUST $23 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 320.4 million; Market cap: $7.4 billion; Price-to-sales ratio: 5.7; Dividend yield: 6.1%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 305 shopping centres in Canada, including 16 under development. The trust recently agreed to sell its 49 U.S. malls for $1.2 billion (Canadian). It expects to complete the sale in April 2016. RioCan will put $510 million of the proceeds toward its recent deal to buy out its joint venture with U.S.-based Kimco Realty (New York symbol KIM). Formed in 2000, this business jointly owns and manages 35 malls in six provinces. In December 2015,…