Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
“Our Outperform ratings are intact and include Allied, Boardwalk, BSR, CAPREIT, Chartwell, Colliers, Dream Industrial, FirstService, First Capital, Flagship, Granite, InterRent, Killam Apartment, Minto Apartment, Morguard Residential, RioCan, SmartCentres, and StorageVault. On balance, Q4 marked a decent finish to 2023, with healthy FFOPU growth and strength in fundamentals across most subsectors.
“We created the BMO Climate Opportunities Screen to help investors identify companies that are wellpositioned to navigate what is arguably the most important systemic challenge facing the capital markets – climate change. The screen that we have developed seeks out companies with a compelling climate strategy , declining carbon intensity and a commercial upside to our warming world, either from established products and services or substantive side bets—what we call “climate acorns”.
The stocks are Adobe Systems Astrazeneca, Avery Dennison, Ваker Hughes Co., ВНР, Brookfield Renewable Раrtners, ВXР, CIBC, Equinix , Federal Realty Investment , Freeport-McMoRan, Magna International, Microsoft, Moody’s Corp., National Bank, Pfizer, Prologis, Regency Centers,Scotiabank strategist Hugo Ste-Marie expects energy stocks to continue outperforming,
“Oil prices have been steadily rising so far this year, with WTI prices now up 14% YTD and crossing the US$80/bbl level for the first time since last fall … solid U.S. economic growth and a rebound in global activity appear to support demand. In its latest oil market report, the International Energy Agency indicated that global oil demand was forecast to “rise by a higher-than-expected 1.7 mb/d in 1Q/24″, while “world oil production is projected to fall by 870 kb/d in 1Q/24″. The U.S.
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