The Stingy News Weekly: 07/14/2024
Stingy Links
The risks we miss
"I've long argued that, to build wealth, we should avoid chasing
investment performance and instead focus on three less-exciting
endeavors: saving diligently, keeping a tight lid on investment
and other costs, and managing risk." [Behaviour]
A balance of regrets
"The bad news about diversification is that regret is a constant
problem. The good news is that by spreading your bets, you avoid
taking that regret to the extreme." [Behaviour]
The superior returns of cyclical stocks
"So now you know what to buy. Cyclical stocks with low
valuations. Then hold on to them for a long time. This is really the hard
part because value investing is already psychologically
demanding, but value investing in highly cyclical companies is a step up
from that." [Value Investing]
US stocks are much more expensive
"The US trades at almost a 2x premium to the rest of the world on
EV/sales. And we see an even more dramatic story on
price-to-book multiples" [Markets]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | BCE (BCE) | C | D | A |
| Enbridge (ENB) | B | B | A |
| TELUS (T) | D | C | A |
| TC Energy (TRP) | C | C | A |
| Algonquin Power (AQN) | F | A | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| Emera (EMA) | C | A | A |
| Power (POW) | A | A | A |
| CIBC (CM) | A | A | A |
| Pembina Pipeline (PPL) | B | C | A |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Canadian Natural (CNQ) | A | A | B |
| Suncor Energy (SU) | A | B | B |
| Power (POW) | A | A | A |
| CIBC (CM) | A | A | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| Cenovus Energy (CVE) | A | B | C |
| Imperial Oil (IMO) | A | C | C |
| National Bank (NA) | A | B | B |
| Tourmaline Oil (TOU) | A | B | C |
| Magna International (MG) | A | A | B |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Canadian Apt REIT (CAR.UN) | F | A | C |
| Algonquin Power (AQN) | F | A | A |
| Nutrien (NTR) | D | A | B |
| First Quantum (FM) | F | A | E |
| Magna International (MG) | A | A | B |
| Bank of Nova Scotia (BNS) | A | A | A |
| Power (POW) | A | A | A |
| Emera (EMA) | C | A | A |
| Bank of Montreal (BMO) | B | A | A |
| CIBC (CM) | A | A | A |
| Canadian Stock Summary | P/E | P/B | Yield | | Bank of Nova Scotia (BNS) | Y | Y | Y |
| CIBC (CM) | Y | Y | Y |
| Power (POW) | Y | Y | Y |
| Algonquin Power (AQN) | | Y | Y |
| Emera (EMA) | | Y | Y |
| Magna International (MG) | Y | Y | |
| BCE (BCE) | | | Y |
| Bank of Montreal (BMO) | | Y | |
| Canadian Apt REIT (CAR.UN) | | Y | |
| Canadian Natural (CNQ) | Y | | |
| Cenovus Energy (CVE) | Y | | |
| Enbridge (ENB) | | | Y |
| First Quantum (FM) | | Y | |
| Imperial Oil (IMO) | Y | | |
| National Bank (NA) | Y | | |
| Nutrien (NTR) | | Y | |
| Pembina Pipeline (PPL) | | | Y |
| Suncor Energy (SU) | Y | | |
| TC Energy (TRP) | | | Y |
| TELUS (T) | | | Y |
| Tourmaline Oil (TOU) | Y | | |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | Yield | | Verizon (VZ) | A | A |
| Dow (DOW) | D | A |
| Chevron (CVX) | A | A |
| IBM (IBM) | B | A |
| Cisco Systems (CSCO) | B | A |
| Johnson & Johnson (JNJ) | A | B |
| Coca-Cola (KO) | C | B |
| Amgen (AMGN) | E | B |
| 3M (MMM) | F | B |
| McDonald's (MCD) | C | B |
| Low Price/Earnings Stocks | P/E | Yield | | Johnson & Johnson (JNJ) | A | B |
| JPMorgan Chase (JPM) | A | C |
| Chevron (CVX) | A | A |
| Caterpillar (CAT) | A | D |
| Verizon (VZ) | A | A |
| Travelers (TRV) | B | D |
| Cisco Systems (CSCO) | B | A |
| Goldman (GS) | B | C |
| American Express (AXP) | B | E |
| IBM (IBM) | B | A |
| US Stock Summary | P/E | Yield | | Amgen (AMGN) | Y | Y |
| Chevron (CVX) | Y | Y |
| Goldman (GS) | Y | Y |
| Verizon (VZ) | Y | Y |
| 3M (MMM) | | Y |
| American Express (AXP) | Y | |
| Caterpillar (CAT) | Y | |
| Cisco Systems (CSCO) | Y | |
| Coca-Cola (KO) | | Y |
| Dow (DOW) | | Y |
| Home Depot (HD) | Y | |
| IBM (IBM) | | Y |
| JPMorgan Chase (JPM) | Y | |
| Johnson & Johnson (JNJ) | | Y |
| Travelers (TRV) | Y | |
| Walgreens (WBA) | | Y |
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