Updating your Aggressive stocks: CGI Inc., Bombardier and Metro

Article Excerpt

CGI INC. $90 (www.cgi.com) is our #1 Aggressive Buy for 2020. The company is a leading provider of computer outsourcing services. It helps clients automate routine functions such as accounting and buying supplies. That improves the efficiency of those businesses and lets them focus on their main operations. CGI has rebounded strongly since dropping to $67.23 on March 23, 2020, with the onset of COVID-19. The company and the stock should continue to recover as more businesses re-open. CGI is a buy. BOMBARDIER INC. $0.64 (www.bombardier.com) remains a hold. As part of the plan to focus solely on its private jet business, the company is selling its passenger railcar business to France’s Alstom SA for between $4.2 billion U.S. and $4.5 billion U.S. Alstom may have to sell some of those operations to satisfy European competition regulators, but Bombardier still expects to complete the sale in early 2021. The stock is a hold. METRO INC. $58 (www.metro.ca) is a buy. The supermarket operator recently ended the $2-an-hour pay increase that it brought in…