CARDINAL UPDATE – December Newsletter 2024
THE TRUMP BUMP – Experts predict good times for stocks on both sides of the border.
The election of Donald Trump as president in the U.S. is expected to have a positive impact on stocks on both sides of the 49th parallel — particularly in the financial sector — an investment conference was told last month.
COMPANY FOCUS: CCL Industries
What makes CCL Industries, the world’s largest label maker, particularly compelling is its balanced approach to growth investments during uncertain times. CCL’s customers include Proctor & Gamble, Coca-Cola, Heineken, Nestle and Mercedes-Benz.
Click here for more: Cardinal Update – December 2024
DM Monthly Report – December 2024
THE ORACLE GIVETH, THE ORACLE TAKETH AWAY – Last month, it was revealed that Warren Buffet’s Berkshire Hathaway had taken a significant stake in Domino’s Pizza (DPZ), one of the 28 positions currently comprising the DM US Equity Portfolio.
FEATURE STOCK – Stella Jones Inc. (SJ) –The shares of pressure- treated lumber and utility pole maker SJ got off to a great start in 2024, rising by roughly 25% to mid-July.
Click here to read more: DM Monthly Report – Dec 2024
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
