DM Monthly Report – Nov 2024

“NEW PRESIDENT, NEW MARKET” – With so few Americans left in the “middle”, the 2024 election was always going to be a polarizing event. And in the area that concerns us most — investment markets — the initial reaction was just as galvanizing, with the Dow leaping by more than 1500 points the day after votes were cast and soaring further in the sessions that followed.

FEATURE STOCK – Shopify INC. (SHOP) – As seems to be the case at least once a decade, SHOP (or rather our absence from SHOP) was previously the bane of DM Canadian Equity. Like Nortel, Research in Motion (aka Blackberry), and Vale ant Pharmaceuticals before it, SHOP was briefly the most valuable company in the TSX.

Click here to read more: DM Monthly Report – Nov 2024

Cardinal Update – November 2024

The Art of Doing Nothing – Staying the Course with Investments Through Both Turbulent and Calm Waters

We wanted to highlight the importance of avoiding knee-jerk reactions to unfavourable news headlines. Equity markets often fell immediately after events such as the start of the COVID-19 pandemic, but they always recovered and hit new highs. Stay the course and you’ll be rewarded.  

COMPANY FOCUS: PEPSICO

PepsiCo owns some of the most beloved and well-known brands in the world, ranging from 7up and Gatorade to Doritos, Tostitos, and Lays. While most people know this multi-national behemoth for its namesake soda, only 40 per cent of the company’s revenue comes from its beverage division. The remaining 60 per cent coming from its snack side. It has raised its dividend every year for more than half a century.

Click here to read more:  Cardinal Update – November 2024