TopPicks from Chris Blumas, portfolio manager, Raymond James Investment Counsel
Chris Blumas, portfolio manager at Raymond James Investment Counsel Ltd., discusses his top picks: Enbridge, Abbott Labs, and TD Bank.Enbridge is a North American-focused energy infrastructure company with a lower-risk business model. The company has low commodity price exposure, strong contracts, good asset diversification, and low counterparty risk. During prior energy price corrections, Enbridge produced strong operating performance and continued to grow its cash flow.
Last year, this business accounted for more than 80 per cent of Abbott’s operating profit. Abbott is currently working through a decline in demand for pandemic-related diagnostic equipment. However, the company has a strong product portfolio that should help to drive organic growth over the medium term. The shares currently trade at 23x forward earnings and have a trailing free cash flow yield of four per cent.TD is a retail-focused North American bank.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former 'Saturday Night Live' star Chris Kattan engagedChris Kattan is engaged to former actor and screenwriter Maria Libri.
Read more »
Former NFL defensive end Chris Smith dead at 31He previously spent eight seasons in the NFL with Jacksonville, Cincinnati, Cleveland, Las Vegas and Houston.
Read more »
Analysis | Chris Bassitt’s stellar start gets Blue Jays back on trackVeteran right-hander dominates the defending World Series champs, holding Houston to just three hits in six-plus innings of work.
Read more »
Igor Shesterkin Chris Kreider help New York Rangers rip New Jersey Devils in Game 1 | TSNIgor Shesterkin made 27 saves, Chris Kreider scored two power-play goals and the New York York Rangers stunned the New Jersey Devils 5-1 on Tuesday night in Game 1 of their first-round playoff series.
Read more »