A Canadian stock is among Wells Fargo’s top tactical investment ideas for Q3

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 60 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 191%
  • Publisher: 92%

Canadian News Nouvelles

Canada News,Breaking News Video,Canadian Breaking News

Daily roundup of research and analysis form the The Globe and Mail’s market strategist Scott Barlow

Scotiabank analyst Himanshu Gupta reports on the industrial REIT sector and let’s hope it’s not an indicator for the broader economy ,

“Negative. CBRE released Q2/24 CDN industrial market stats yesterday ... Q2 industrial absorption was disappointing at -5M sf, suggesting a meaningful demand pullback.. Supply side has moderated, but we need to see some recovery in leasing volumes. Assuming a H1/25 demand recovery , we see national availability rate peaking in Q4/24, and then slowly improving through 2025/26. Update on Valuation: Valuation looks inexpensive but market waiting for inflection point on fundamentals.

“Algonquin Power & Utilities Corp. : We view the likely sale Of AQN’s renewables franchise as a potentially meaningful catalyst. We reiterate our OW and forward PT Of $8.50 including the —7% dividend yield. Capital One Financial Corp. : COF shares have upside as 1) odds of the DFS merger increase towards the election; 2) low-end consumer concerns fade on solid delinquencies; and 3) edge closer to reserve release. Our is $165 and COF trades at 7x normalized EPS of $19 … Western Digital Corp.

The other long ideas are Health Catalyst Inc., The Kroger Co., Marqueta Inc., Omnicom Group and ON Semiconductor. The short ideas are Old Dominion Freight Line Inc. and Tesla Inc.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Demystifying interlisted stocks, and tracking A&W’s payout ratioCanadian investors are not better off buying shares of Canadian companies on a U.S. exchange
La source: globeandmail - 🏆 5. / 92 Lire la suite »