Top Stock Picks and Market Outlook : AGT, CVE, MFC
Online, October 29, 2013 (Newswire.com) - There is good reason to be more optimistic: business conditions in the US are improving as profits expand and corporate balance sheets are stronger, conditions in Europe appear to be stabilizing as the Euro economy posted positive growth after six quarters of decline, Japan's economy has been expanding and the economy in China shows signs of stabilizing at a growth rate around 7-7.5%. The end of the political logjam in the US has also contributed to a reprieve in investors' concerns. The markets have advanced to the point where all the good news appears to be priced in while the longer term headwinds have been ignored. This could set the stage for some pull backs in the market as these underlying issues surface.
Manulife Financial Corp. (TSE:MFC) Market cap 3.25B, P/E 22.17, Dividend/yield 0.13/2.88, EPS 0.81, Shares outstanding 1.84B. Over the past few years, management has made extensive strides in limiting the company's exposure to adverse events. The recent economic environment will result in increasing profitability and visibility.
Cenovus Energy Inc. (TSE:CVE) Market cap 23.19B, P/E 38.62, Dividend/yield 0.24/3.16, EPS 0.79, Shares outstanding 755.84M, Cenovus is an integrated oil and gas company focused on the development of bitumen assets in Alberta Production should ramp up strongly over the next few years resulting in increasing earnings, cash flow and potential dividend increases.
Alliance Grain Traders Inc. (TSE:AGT) Market cap 321.62M, P/E - , Dividend/yield 0.15/3.71, EPS -0.18, Shares outstanding 19.87M, AGT is the worldwide leader in pulse processing. The company is on the road to achieving a multi-origin, multi-product, multi-market platform. Rising lentil exports and the expanding Food Ingredients business should continue to contribute to advances in profitability.
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