Canadian Communications & Media Stocks

New Issue : TD FixedReset 5.10%+356, NVCC

The Toronto-Dominion Bank has announced (although not yet on their website): a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the “Series 24 Shares”). TD has entered into an agreement with a group of underwrite ...

Tech Talk for Friday May 24th 2019

  StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:30: Bearish. Breakout: $CPRT. Breakdowns: $HRL $KHC $DO $EOG $EQT $HES $HP $MRO $OKE $VLO $JEC $PH $INTC $NTAP $STX $ADS Editor’s Note: After 10:00 AM EDT, intermediate breakouts include CHD and D. Breakdowns i ...

Telus’s future looks bright, Teal Linde says

Slowing wireless growth has some investors worried about Telus (Telus Stock Quote, Chart TSX:T) but there’s a good chance the stock will track higher, says fund manager Teal Linde, who argues that the market has a penchant for companies with healthy free cash flow like Telus. Telus shareholders s ...

Acquisition readies Telus for 5G

The company recently paid $931 million for new 600 MHz radio frequencies. The purchase is key to the launch of its ultrafast 5G wireless Internet service. In the meantime, the stock yields a high 4.6% yield and the company has raised its dividend an average 8.6% annually over the past 5 years. TELU ...

DHX Media is worth much more than Peanuts, Echelon Wealth says

DHX Media (DHX Media Stock Quote, Chart TSX:DHX) performed as expected in its fiscal third quarter, but weaker revenue growth from its WildBrain segment is cause for a forecast revision, says Echelon Wealth Partners analyst Rob Goff, who in an update to clients on Wednesday reiterated his “Specul ...

Buy Rogers Communications over BCE and Telus, this fund manager says

Choosing between defensive plays in the telecom space? While there may seem to be little separating Canada’s Big Three, BCE (BCE Stock Quote, Chart TSX:BCE), Rogers Communications (Rogers Communications Stock Quote, Chart TSX:RCI.B) and Telus (Telus Stock Quote, Chart TSX:T), the macro picture mi ...

Tech Talk for Thursday May 9th 2019

Pre-opening Comments for Thursday May 9th U.S. equity index futures were lower this morning. S&P 500 futures dropped 22 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was a drop to 220,000 f ...

BCE faces a slowing wireless market, says Echelon Wealth Partners

Quarterly results from BCE (BCE Stock Quote, Chart TSX:BCE) showed a modest beat on top and bottom lines but the increase in the company’s share price so far this year is cause for a pause, says Echelon Wealth Partners analyst Rob Goff, who in an earnings report on Friday reiterated his “Hold ...

Take a pass on Shaw Communications, this fund manager says

Choosing among defensive picks in the Canadian telco space isn’t easy, but one stock you might want to stay clear of is Shaw Communications (Shaw Communications Stock Quote, Chart TSX:SJR.B), says portfolio manager Michael Sprung, who argues it’s too early to tell how the company will make out ...

Tech Talk for Monday April 29th 2019

  The Bottom Line U.S. equity markets were mixed again last week despite better than consensus first quarter results released to date by S&P 500 and Dow Jones Industrial companies. Strength in the U.S. Dollar Index continued to dampen enthusiasm for U.S. equities. The TSX Composite Index virtuall ...