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10 Best Blue Chip Stocks in Canada to Buy in July 2021

When investors think of blue chip Canadian stocks, they often think of some of the best Canadian dividend stocks. However, this isn’t necessarily the case.What are Canadian blue chip stocks?Our definition of a blue chip stock is simply one that has a…

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When investors think of blue chip Canadian stocks, they often think of some of the best Canadian dividend stocks. However, this isn't necessarily the case.

What are Canadian blue chip stocks?

Our definition of a blue chip stock is simply one that has a large market capitalization and is a top company in its industry. Typically I look for high quality stocks that are within the top three in terms of performance in the sector, but industries like the Canadian banking industry can have a multitude of stocks I consider blue chip even if they aren't a front runner. Blue chip stocks are often the backbone of an investors portfolio, and are held for the long term. Investors, especially those just learning how to buy stocks in Canada, should make high quality blue-chip stocks their primary focus. They provide long term stability and usually (but not always like I stated above) an excellent dividend.

Why is that?

Well, a "blue-chip" stock is often well established and has been financially sound for decades. This differs from growth stocks, as an investment in them is often banking on the growth potential of the company, not its previous results and can have extensive swings in price over the long term. An interesting piece of information before we move on to the best blue chips stocks in Canada though. Did you know that the term blue chip, when it comes to the stock market, is derived from the game of poker? Typically, blue chips held the highest value, and as such were the most important to hold in your stack. With all that said, here is a list of high quality Canadian blue chip stocks you need to be looking at in 2021. The list is dominated by energy, financial and railroad companies, but this is to be expected as they take up a large majority of the TSX.

What are the best Canadian blue chip stocks?

10. Barrick Gold (TSX:ABX)

Top Gold Stocks - #6 Barrick Gold
After a bear market that lasted the better part of the last decade, gold has finally regained its shine. During the last bull market, gold companies were irresponsible and scooped up assets at high prices. This led to record-high debt loads, and once the price of gold crashed, they were ill prepared. This was a factor in a number of defaults, write-downs, and dividend cuts.
Fast forward to today, gold producers are much better prepared. They are leaner and are taking a much more disciplined approach to capital investments. This bodes well for the long-term future of gold stocks regardless of the volatile price of gold. Barrick (TSX:ABX) is one of the biggest gold stocks in the world, and it has emerged stronger than ever. It is one of the most diversified stocks in the industry and generates considerable cash flow. Based out of Toronto, Barrick is one of the world's largest producers, with 2020 production coming in a nearly 4.8 million ounces of gold, and 460 million pounds of copper. The company also has nearly 68 million ounces of gold reserves and is well positioned to grow its production profile over the next decade. Furthermore, it has been laser-focused on reducing its debt burden recently – down by more than 50% over the past handful of years. The company is making decisions based on $1,200 gold prices, which should insure strong cash flow generation while providing a large margin of safety. It has also returned to dividend growth, a strong sign of confidence by management that the worst is behind them. All in sustaining costs hover around the $1,000 an ounce level and it is among the best valued in the industry. There are plenty of other gold companies on the TSX Index, but when we're looking at blue chip options here in Canada, none of them compare to Barrick in terms of size and stability. However, the company has significantly underperformed the TSX Index over the last decade, and as a result it's number ten on this list.

10 year dividend adjusted return of ABX vs the TSX:

TSE:ABX Canadian Blue Chip Stock vs TSX

9. TC Energy (TSX:TRP)

TC Energy
The oil & gas industry was decimated in 2020. However, we're slowly seeing it recover and Canadian investors are looking for blue-chip stocks to gain exposure. And, you may be wise to avoid producers and stick to pipelines. Why? Whether it be TC Energy (TSX:TRP), Pembina Pipelines, or Enbridge (TSX:ENB), these are companies that transport various commodities. They are less susceptible to damage due to fluctuations in the price of oil.
One of the best in the industry is TC Energy (formerly TransCanada). The company was the best performing pipeline by quite a wide distance in 2020 up until the end of the year, when the rumored and eventual confirmation of the cancellation of the Keystone XL. However, the company has plenty of growth projects, and we don't view the cancellation as an issue at all. In terms of the pandemic, TC Energy didn't face any significant impacts. In fact, TC Energy said: “despite the challenges brought about by COVID-19, our assets have been largely unimpacted” It went on to say that its outlook remained unchanged as 95% of EBITDA is underpinned by regulated assets and/or long-term contracts. This was a very strong indicator of the company's financial health. The company has critical infrastructure across North America and it expects to spend $37 billion on growth projects through 2023. The majority of which will be spent on natural gas pipelines. Further highlighting its resilience, the company re-iterated dividend growth guidance of 8-10% annually through 2021. Post 2021, it expects the dividend to grow at a compound annual growth rate of 6% at the mid-range. If you are looking for a best-in-class energy company, TC Energy certainly fits the bill. It is trading at cheap valuations, the company’s juicy 5.64% dividend yield is well covered, and it has a robust pipeline of growth projects.

10 year dividend adjusted return of TRP vs the TSX:

8. Canadian Pacific Railroad (TSX:CP)

CP Rail
Railroads are the bellwether for economic activity, and Canadian Pacific Railway (TSX:CP) has made a dramatic move forward. Pre-2012, the company was having significant operational issues which led to many tough decisions. The turnaround has been nothing short of astounding. Over the past five years, it has outperformed its larger peer (CN Rail) and it transformed itself from the lowest-margin railroad, to the highest of all publicly listed North American railroads.
With its operational issues in the rear-view mirror, the railroad has returned to dividend growth. In July 2020, the company extended its dividend-growth streak to five years when it raised the dividend by 15%. It was a notable raise as it was declared at a time in which many other companies either cut or suspended dividends as a result of the pandemic. Over the course of the streak, it has consistently raised the dividend by double-digits. With July’s raise, CP Rail will once again earn Canadian Dividend Aristocrat status this year. This is important as it will be added to funds that track the Aristocrat Index and it will regain credibility among dividend growth investors. Over the next handful of years, the expectation is for earnings growth in the high single digits. This growth actually has a chance to accelerate, but the company is currently in a feud with Canadian National Railway over a purchase of Kansas City Southern. The deal, Had Canadian National not stepped in to interrupt it, would have been comprised of share issues and debt, and would have created a railway that spans from Canada all the way down to Mexico. There isn’t much not to like about CP Rail. It forms a duopoly with CN Rail, and rail is the primary means of transporting goods across the country. It is also proving to be a strong defensive stock in light of the current pandemic.

10 year dividend adjusted return of CP vs the TSX:

TSE:CP Vs TSX 10 Year

7. Canadian Apartment Properties REIT (TSX:CAR.UN)

canadian apartment properties reit
You might be thinking, how can a REIT make a list of blue Chip stocks in light of the current pandemic? Let us explain. Although the sector as a whole is under pressure, there are certain industries that are more stable than others – that includes those that operate multi-unit residential properties. Although there are better performing names in this area, Canadian Apartment Properties (CAP) REIT (TSX:CAR.UN) provides excellent value here. It has a suite of affordable rent portfolios that is proving to be quite resilient.
CAP REIT is also in strong financial shape. It has a debt-to-gross book value of only 36% (a rate below 50% is considered strong), one of the lowest in the industry. Furthermore, the company’s 2.50% dividend yield is well covered, accounting for only 73% of adjusted funds from operations. Once again, this is in the top tier of TSX-listed REITs. The company is currently trading at a 17% discount to cash flow value, and a 14% discount to net asset value. In June of 2020, the company was added to the S&P/TSX 60 Composite Index which tracks the largest companies by market cap on the TSX Index. In fact, it is the only REIT among the Index constituents. Although it does carry greater risk than most on this list, the risk-to-reward proposition is attractive. Now is the perfect time to start accumulating Canada’s largest residential REIT.

10 year dividend adjusted return of CAR.UN vs the TSX:

TSE:CAR.UN 10 Year Vs TSX Index

6. BCE Inc (TSX:BCE)

BCE dividend
BCE Inc (TSX:BCE) is one of the largest telecom companies in the country and is often grouped together with the "Big 3", being Telus, Rogers, and Bell. In terms of Blue Chip stocks, you can't really go wrong with any of the three, but what sets BCE apart is its ability to generate new subscribers in a mature market, and its sheer size. The company's strength is product innovation, and providing the fastest network possible to Canadians. Its success in this department is reflected with a customer base that exceeds 9 million subscribers.
The Canadian telecom industry is somewhat of a regulated monopoly. The three big players dominate the industry and the regulations make this unlikely to change anytime soon. Canadian's pay some of the highest phone and television bills out of all the developed countries, and strict regulations make it nearly impossible for new players to try and penetrate the market. The one company that was having some success at breaking through is Shaw Communications (TSX:SJR.B), but they were recently acquired (pending approval) by Rogers. BCE is one of the best income stocks in the country, with a dividend yield of approximately 5.85% and an 12-year dividend growth streak. Although it may seem like a short streak, the streak was interrupted by an impending purchase by the Ontario Teacher’s plan that ultimately fell through. With a market capitalization of $54.6 billion, the company is one of the largest in the country and is a Blue Chip stock that has provided consistency and reliability for over a decade. Although it may not provide the best growth out of the Big 3, it has the widest reach across the country and commands the title of Blue Chip telecom.

10 year dividend adjusted return of BCE vs the TSX:

TSE:BCE Vs TSX Index

5. Metro (TSX:MRU)

metro dividend
A quick look over the sectors in 2021 and you will find only one that has consistently been among the top performers – consumer staples. Not surprisingly, as the economy shut down, we still needed our basic necessities and this sector remained strong, particular among grocery stocks. One of the country’s best is Metro (TSX:MRU). A quick look at its long term chart will tell you everything you need to know. Metro is a pillar of consistency. Nothing flashy here, just consistent and reliable growth.
The company’s low yield (1.72%) may be a turn-off for some, but it is one of the best dividend growth stocks in the country. Metro’s 26-year dividend growth streak is tied for the 7th-longest streak in the country and it is one of the few in the leading 10 to have consistently raised by double-digits over the past three, five, and ten-year periods. Even in a post-pandemic and post-shutdown environment, we feel that consumer activity and purchasing habits have changed forever. It's likely that Metro could see less foot traffic through it's doors, but a higher amount of volume per purchase as consumers have learned over the pandemic to shop more efficiently. Another habit? E-commerce. And this is a space that Metro is growing in rapidly. In fact, the company's online sales saw a 240% increase year over year. This growth is likely to slow as the pandemic subsides, but there is no question that consumer habits have changed and some will make a permanent shift to e-commerce ordering due to convenience. As a result, we'd still expect significant growth in the company's online sales moving forward. And finally, in periods of rising inflation, a company like Metro has the chance to outperform. Consumer defensive stocks like Metro tend to outperform pure-growth plays in rising rate & inflationary environments.

10 year dividend adjusted return of MRU vs the TSX:

TSE:MRU Vs TSX Index

4. Constellation Software (TSX:CSU)

Constellation Software
Although it is starting to make headway, the technology sector is still under-represented on the TSX Index. Unlike south of the border where tech makes up almost a quarter of the markets, the sector still accounts for only a single digit weighting on the TSX Index. This is up notably from the 3% it accounted for a couple of years ago, yet there is arguably only one company that could qualify to be a true blue chip Canadian stock.
And that is Constellation Software (TSX:CSU). Constellation is one of the best-managed companies on the TSX Index. Over the past ten years, its stock price has soared by 2,830% and it has one of the best track records in the industry. It pays a modest dividend, but what it lacks in income, it more than makes up for in capital appreciation. A $10,000 investment in the company 10-years ago would be worth $292,540 today – and this is without commanding some of the crazy valuations of today’s high-growth tech stocks. Constellation is simply put, the best consolidator in the industry. It has a knack for acquiring companies and seamlessly bringing them into the fold. It is also important to recognize that tech is becoming a defensive play in this new environment. The pandemic has accelerated the shift to technology and Constellation has gone up by over 34% in the last year. It is however, a company that requires full trust in management. It does not hold quarterly conference calls, and only provides an annual letter to shareholders. You are putting your trust in management, and thus far, it has proved to be a winning proposition. It also has a high share price, frequently trading in the $1700+ range. This does make it extremely hard for beginner investors with a small portfolio to purchase the stock. If you only have $5,000 or $10,000 to start out with, it presents somewhat of a concentration risk. Fractional shares, or a potential share split, could make Constellation more attractive to those just starting out.

10 year dividend adjusted return of CSU vs the TSX:

TSE:CSU 10 Year Performance Vs TSX Index

3. Canadian National Railway (TSX:CNR)

CN Rail dividend
Canadian National Railway (TSX:CNR) is the largest railway company in Canada, and as such has become a no-brainer when referencing Blue Chip stocks here in Canada. With over 33,000 kilometers of track, CN Rail is engaged in the transportation of forest, grain, coal, sulfur, fertilizer, automotive parts, and more. CN Rail is a company that is growing the dividend at an impressive pace. It has a dividend growth streak of 25 years and a five-year dividend growth rate of 12.97%, the stock's consistent rise in price has resulted in a low yield (1.93%). Don’t fret. The company may lack in yield, but it makes up for that in capital appreciation.
Over the past decade, it has returned more than 309% to investors. This type of performance out of a large cap, blue chip company is quite impressive. Simply put, CP Rail and CN Rail are some of the best railways in North America, which is why they're both on this list. Prior to the Kansas City Southern fiasco, CN Rail had been performing exceptionally over the last year. However, it aggressively stepped in and upped a bid for KC Southern, one that was viewed as a large overpayment by the company, and its price has since fallen. In fact, the company's drastic dip recently has caused it to underperform the TSX Index over the last 3 and 5 year periods. However, when you span it out to a 10 year timeline which you'll see below, it is still crushing the Index overall. The KC Southern situation will likely take a year at minimum to resolve, and the feud between Canada's railways will likely continue. However, the acquisition attempt by CN Rail has been shut down, yet its price remains depressed. So, this could be a situation where investors could step in and snatch up this company at a discount. In fact, it reminds us exactly of the Alimentation Couche Tard failed acquisition attempt of Carrefour. It took Couche-Tard a little over 3 months to recover from the 20% dip in price after the acquisition was released. Moving on, despite its size, CN Rail has been able to adapt, re-route and focus operations on those customers that ran essential services. The company’s handling of the pandemic has been rightfully lauded by industry experts. Investors are in good hands with CN Rail, and the short term negative sentiment due to the acquisition attempt will, in our eyes, be quickly forgotten. Right now, Canada's railways look expensive. However, they've always looked expensive. If you're looking to add, timing the market on either CN or CP Rail will likely be a wasted effort. Just scoop them up and tuck them into the core holdings of your portfolio.

10 year dividend adjusted return of CNR vs the TSX:

TSE:CNR vs TSX Index

2. Royal Bank of Canada (TSX:RY)

Royal Bank dividend
The Royal Bank of Canada (TSX:RY) is probably one of the most popular stocks here in Canada. There is a reason the stock is one of the top holdings in nearly every single Canadian bank ETF. The company is a global enterprise, with operations in Canada, the United States, and 40 other countries. The company has been named one of Canada's most valuable brands for 6 years running, and its reputation is second to none in terms of customer satisfaction. With a market capitalization of nearly $180 billion, Royal Bank is one of the best Blue Chip stocks to add to your portfolio today.
The company's dividend is strong, with a yield of 3.47% and an ten-year dividend growth streak. The dividend is also growing at an impressive pace, with a five-year growth rate of over 6.85%. The Canadian banking industry is one of the strongest sectors in the country, if not the world. While banks around the world were slashing dividends and closing their doors during the 2008 financial crisis, all of the Canadian banks held strong. Although their share prices fell considerably, recovery was quick and their dividends were never cut. Although banks struggled during this pandemic, a similar theme is occurring – reliable dividends and better than expected earnings. While many countries are asking banks to cut the dividend, or some are being forced to as a result of the pandemic, Canada’s big banks remain among the safest income stocks on the planet. The Feds have asked the banks not to raise dividends, a small and reasonable ask considering the current environment. However, now that we are getting to the other side of this pandemic and restrictions are easing, it is very likely we see restrictions on dividend growth removed. And, Royal Bank, along with all of the other Canadian major banks, will likely raise dividends very soon after given the green light. Royal Bank's international exposure and sheer size was brought to light during the COVID-19 pandemic, and it ended up being one of the more reliable Canadian stocks of 2020. As such, it's worthy of its blue-chip title. You can't go wrong with any of the Big 5 banks here in Canada. They are all excellent Canadian Blue Chip stocks, and we could just as easily include all 5 on this list. However, Royal Bank is certainly one of the best.

10 year dividend adjusted return of RY vs the TSX:

TSE:RY Vs TSX Index

1. Fortis (TSX:FTS)

Fortis dividend
You won't find a Blue Chip stock list that doesn't contain Fortis (TSX:FTS) – at least you shouldn’t. If you do, maybe keep looking. This Canadian company is among the top 15 utilities in North America, and has over 10 utility operations under its belt in Canada, the United States, and the Caribbean. The utility industry is highly regulated, which often leads to consistent cash flows. As the population keeps growing, energy demands will grow right along with it and utility companies are positioned to profit.
Fortis has the second longest dividend growth streak in the country at 47 years. This has cemented the company as one of the best investments in Canada and definitely worthy of its blue-chip title. Yielding 3.68%, the company has grown dividends at a 5 year rate of 6.79% with a payout ratio of only 59.61%. The good news? Fortis recently extended its targeted annual dividend growth rate of 6% to 2025. That means investors can expect a 6% annual raise to the dividend in each of the next five years. That type of transparency and reliability is rare. Utility companies rely heavily on debt to finance capital investments. As such, these companies are prone to setbacks when interest rates rise. This is something you need to keep an eye on if you're looking to invest in a Canadian blue chip stock like Fortis. The Bank of Canada has changed its tune on interest rates, and we could see them rise as early as 2022 to prevent the economy from overheating as a result of reopening's on the back end of the pandemic. However, even if the BoC were to raise interest rates, it will likely take many subsequent raises to get back to even pre-pandemic rates. And in addition to this, rising interest rates seemed to have no negative consequences for the utility giant's stock price over the last couple of years. Fortis’ stock is as close to a set and forget investment as you can get.

10 year dividend adjusted return of FTS vs the TSX:

TSE:FTS Vs TSX Index

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Government

Victor Davis Hanson: The Afghanistization Of America

Victor Davis Hanson: The Afghanistization Of America

Authored by Victor Davis Hanson via AmGreatness.com,

The United States should be at its pinnacle of strength. It still produces more goods and services than any other nation—China included

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Victor Davis Hanson: The Afghanistization Of America

Authored by Victor Davis Hanson via AmGreatness.com,

The United States should be at its pinnacle of strength. It still produces more goods and services than any other nation—China included, which has a population over four times as large. Its fuel and food industries are globally preeminent, as are its graduate science, computer, engineering, medical, and technology university programs. Its constitution is the oldest of current free nations. And the U.S. military is by far the best funded in the world. And yet something has gone terribly wrong within America, from the southern border to Afghanistan. 

The inexplicable in Afghanistan—surrendering Bagram Air Base in the middle of the night, abandoning tens of billions of dollars of military equipment to the Taliban, and forsaking both trapped Americans and loyalist Afghans—has now become the new Biden model of inattention and incompetence. 

Or to put it another way, when we seek to implant our culture abroad, do we instead come to emulate what we are trying to change?

COVID Chaos

Take COVID-19. Joe Biden in 2020 (along with Kamala Harris) trashed Trump’s impending Operation Warp Speed vaccinations. Then, after inauguration, Biden falsely claimed no one had been vaccinated until his ascension (in fact, 1million a day were being vaccinated before he assumed office). Then again, Biden claimed ad nauseam that he didn’t believe in mandates to force the new and largely experimental vaccinations on the public. Then, once more, he promised that they were so effective and so many Americans had received vaccines that by July 4 the country would return to a virtual pre-COVID normality. 

Then came the delta variant and his self-created disaster in Afghanistan. 

To divert his attention away from the Afghan morass, Biden weirdly focused on an equally confused new presidential COVID-19 mandate, seeking to subject federal employees, soldiers, and employees of larger firms to mandatory vaccinations—right as the contagious delta variant seemed to be slowly tapering off, given the millions who have either been vaxxed, have developed natural immunity, or both.

Consider other paradoxes. American citizens must be vaccinated, but not the forecasted 2 million noncitizens expected to cross the southern border illegally into the United States over the current fiscal year. Soldiers who bravely helped more than 100,000 Afghan refugees escape must be vaccinated, but not the unvetted foreign nationals from a premodern country?

Scientists now are convinced naturally acquired COVID-19 immunity from a previous infection likely provides longer and better protection than does any of the current vaccinations. 

Yet those who suffered COVID-19, and now have antibodies and other natural defenses, must likewise be vaccinated. That anomaly raises the obvious logical absurdities: will those with vaccinations—in reciprocal fashion—be forced to be exposed to the virus to obtain additional and superior natural immunity, given the Biden logic of the need for both acquired and vaccinated immunity? 

Tribal Lands 

We have Afghanistanized the border as well, turning the United States into a pre-state whose badlands borders are absolutely porous and fluid. There is no audit of newcomers, no vaccinations required, no COVID-19 tests—none of the requirements that millions of citizens must meet either entering the United States or working at their jobs. Our Bagram abandonment is matched by abruptly abandoning the border wall in mid-course. 

Yet where the barrier exists, there is some order; where Joe Biden abandoned the wall, there is a veritable stampede of illegal migration. 

October 7, 2019. Mark Wilson/Getty Images

Coups, Juntas and Such

Third-World countries suffer military coups when unelected top brass and caudillos often insidiously take control of the country’s governance in slow-motion fashion. The latest Bob Woodward “I heard,” “they say,” and “sources reveal” mythography now claims that General Mark Milley, chairman of the Joint Chiefs, discussed separating an elected commander-in-chief from control of the military. Woodward and co-author Robert Costa also assert that Milley promised his Chinese Communist military counterpart that he would tip off the People’s Liberation Army of any planned U.S. aggressive action—an odd paranoia when Donald Trump, of the last five presidents, has proved the most reluctant to send U.S. troops into harm’s way. 

If that bizarre assertion is true, Milley himself might have essentially risked starting a war by eroding U.S. deterrence in apprising an enemy of perceived internal instability inside the executive branch, and the lack of a unified command. (So, Woodward wrote: “‘General Li, I want to assure you that the American government is stable, and everything is going to be okay,’ Milley said. ‘We are not going to attack or conduct any kinetic operations against you.’ Milley then added, ‘If we’re going to attack, I’m going to call you ahead of time. It’s not going to be a surprise.’”)

More germanely, when Milley called in senior officers and laid down his own operational directives concerning nuclear weapons, he was clearly violating the law as established and strengthened in 1947, 1953, and 1986 that clearly states the Joint Chiefs are advisors to the president and are not in the chain of command and are to be bypassed, at least operationally, by the president.

The commander in chief sets policy. And if it requires the use of force, he directs the secretary of defense to relay presidential orders to the relevant theater commanders. Milley had no authority to discuss changing nuclear procedures, much less to convey a smear to an enemy that his commander in chief was non compos mentis.

Milley has been reduced to a caricature of a caricature right out of “Dr. Strangelove”—and is himself a danger to national security. After Milley’s summer 2020 virtue-signaling “apology” for alleged presidential photo-op misbehavior (found to be completely false by the interior department’s inspector general); after leaked news reports that Milley considered resignation (promises, promises) to signal his anger at Trump in summer 2020; after his dismissal of the 120 days of rioting, 28 deaths, 14,000 arrests, and $2 billion in damage as mere “penny packet protests”; after his “white rage” blathering before Congress; after the collapse of the U.S. military command in Kabul; and after his premature and hasty assessment of a U.S. drone strike that killed 10 innocent civilians as “righteous,” Woodward’s sensationalism may not sound as impossible as his usual fare. 

Milley should either deny the Woodward charges and demand a real apology or resign immediately. He has violated the law governing the chain of command, misused his office of chairman of the Joint Chiefs, politicized the military, proved inept in his military judgment and advice, and may well have committed a felony in revealing to a hostile military leader that the United States was, in his opinion, in a crisis mode. 

Yet, Milley did not act in isolation. Where did this low-bar Pentagon coup talk originate? And who are those responsible for creating a culture in which unelected current and retired military officers, sworn to uphold the constitutional order and the law of civilian control of the military, believe that they can arbitrarily declare an elected president either incompetent or criminal—and thus subject to their own renegade sort of freelancing justice?

As a footnote, remember that after little more than a week of the Trump presidency, Rosa Brooks, an Obama-era Pentagon appointee, published in Foreign Policy various ways to remove the newly inaugurated president. Among those mentioned was a military coup, in which top officers were to collude to obstruct a presidential order, on the basis of their own perceptions of a lack of presidential rectitude or competence. 

We note additionally that over a dozen high-ranking retired generals and admirals have serially violated the uniform code of military justice in demonizing publicly their commander in chief with the worst sort of smears and slanders. And they have done so with complete exemption and in mockery of the very code they have sworn to abide. 

Two retired army officers, colonels John Nagl and Paul Yingling, on the eve of the 2020 election, urged Milley to order U.S. army forces to remove Trump from office if in their opinion he obstructed the results of the election—superseding in effect a president’s elected powers as well as those constitutional checks and balances of the legislative and judicial branches upon him. 

We know that these were all partisan and not principled concerns about an alleged non compos mentis president, because none of these same outspoken “Seven Days in May” generals have similarly violated the military code by negatively commenting publicly on the current dangerous cognitive decline of Joe Biden and the real national security dangers of his impairment, as evidenced by the disastrous skedaddle from Afghanistan and often inability to speak coherently or remember key names and places.

In short, is our new freelancing and partisan military also in the process of becoming Afghanized—too many of its leadership electively appealing to pseudo-higher principles to contextualize violating the Constitution of the United States and, sadly, too many trying to reflect the general woke landscape of the corporate board to which so many have retired? Like tribal warlords, our top brass simply do as they please, and then message to us “so what are you going to do about it?”

Achin, Afghanistan, 2011. John Moore/Getty Images

The Constitution as Construct

How paradoxical that the United States has sent teams of constitutional specialists to Iraq and Afghanistan to help tribal societies to draft legal, ordered, and sustainable Western consensual government charters that are not subject to the whims of particular tribes and parties. Yet America itself is descending in the exact opposite direction. 

Suddenly in 2021 America, if ancient consensual rules, customs, and constitutional mandates do not facilitate and advance the progressive project, then by all means they must end—by a mere one vote in the Senate. It is as if the centuries of our history, the Constitution, and the logic of the founders were analogous to a shouting match among a squabbling Taliban tribal council of elders.

Junk the 233-year-old Electoral College and the constitutional directive to the states to assume primary responsibilities in establishing voting procedures in national elections. End the 180-year-old Senate filibuster. Do away with the now bothersome 150-year nine-justice Supreme Court. And scrap the 60-year-old tradition of a 50-state union.  

Impeachment was intended by the founders as a rare reset of the executive branch in extremis. Now it is to be a pro formaattack on the president in his first term by the opposite party as soon as it gains control of the House—without a special counsel, without witnesses and cross-examinations, without any specific high crimes and misdemeanors or bribery and treason charges. And why not from now on impeach a president twice within a year—or try him in the Senate when he is out of office as a private citizen? 

When private citizen Joe Biden is retired from the presidency, will his political enemies dig up his sketchy IRS records alleging that he never paid income taxes on the “big guy’s” “10 percent” of the income from the Hunter Biden money machine?

American Tribes

 We may think virtue-signaling pride flags, gender studies, and George Floyd murals in Kabul remind the world of our postmodern sophistication. Yet, in truth, we are becoming far more like Afghanistan in the current tribalization of America—where tribal, racial, and ethnic loyalties are now essential to an American’s primary identity and loyalty—than we were ever able to make Afghanistan like us.

When we read leftist heartthrob Ibram X. Kendi’s endorsement of overt racial discrimination or academic and media obsessions with a supposed near-satanic “whiteness,” or the current fixations on skin color and first loyalties to those who share superficial racial affinities, then we are not much different from the Afghan tribalists. We in America apparently have decided the warring badlands of the Pashtuns, Tajiks, Hazaras, and Uzbeks have their advantages over a racially blind, consensual republic. They are the model to us, not us of the now-discredited melting pot to them.

How sad in our blinkered arrogance that we go across the globe to the tribal Third World to teach the impoverished a supposedly preferrable culture and politics, while at home we are doing our best to become a Third-World country of incompetency, constitutional erosion, a fractious and politicized military elite, and racially and ethnically obsessed warring tribes. 

Tyler Durden Mon, 09/20/2021 - 23:40

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Economics

Best Dividend Stocks In 2021? 4 To Watch This Week

Dividend stocks to know amidst debates over debt limit and choppy markets.
The post Best Dividend Stocks In 2021? 4 To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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4 Dividend Stocks Worth Checking Out In A Down Market

As we begin another trading week, dividend stocks are once again at the forefront for investors. For the most part, this could be thanks to various factors, international and domestic, that are weighing on the stock market today. To begin, the market appears to be reacting to significant declines in overseas equities. The likes of which are closely linked to the possible default of a major Chinese real estate company, Evergrande. If anything, this would echo the aftermath of a recent slew of disappointing international economic data influencing the overall recovery trade now.

At the same time, investors could also be treading lightly ahead of the Federal Reserve’s September meeting. The monetary policy meeting would be the launching point for additional debate regarding the Fed’s tapering and overall economic outlook. Now, how would dividend stocks fit into all of this? Simply put, dividend stocks would be a more defensive play in the stock market now. Given the numerous factors contributing to overall volatility across the board, some consistent income in the form of dividends would be appealing.

Accordingly, companies such as Consolidated Edison (NYSE: ED) and Archer-Daniels-Midland (NYSE: ADM) would come into play. This is mostly because of their long history of dividend growth and a constant demand for their services regardless of the current economic cycle. Among the top dividend stocks now are also industry giants that boast massive operations spanning the globe. With all that said, here are four dividend stocks to note now.

Top Dividend Stocks To Buy [Or Sell] This Week

Apple Inc.

First up, we have Apple, a multinational technology company that manufactures and sells its premium line of tech products. On top of that, it also offers a wide variety of services like its Apple TV+ video-on-demand streaming service and Apple Music. Furthermore, the company is one of the world’s most valuable brands and boasts a high level of brand loyalty among its users. AAPL stock currently trades at $142.94 as of Monday’s close. Its last dividend was declared in July at  $0.22 per share.

best tech stocks (AAPL stock)

The company has just recently announced its latest lineup of iPhone models. In fact, its iPhone 13 sales have just begun and millions have already placed orders for them. The company’s lineup this year also packs the latest features like a new A15 processor and 120 Hz display screen on its Pro model.

The company’s deals are also more aggressive this year and have partnered with carriers like T-Mobile (NASDAQ: TMUS) to offer huge incentives for users to trade in their old devices and sign up for a top-shelf cellular plan. Given this exciting piece of news surrounding the company, will you consider adding AAPL stock to your watchlist right now?

[Read More] 4 Semiconductor Stocks To Watch Right Now

The 3M Company

3M is a dividend company that has businesses in consumer goods, health care, worker safety, and industrials. Its products improve lives and help solve the world’s toughest challenges. The company’s portfolio of products includes abrasives and adhesives that are used for construction and are engineered to fit its customers’ needs.

3M Stock (MMM Stock)

Its array of high-performance materials are used to meet the demands of real-world manufacturing. MMM stock currently trades $180.53 at the end of Monday’s trading session. On August 13, 2021, the company declared a dividend on the company’s common stock of $1.48 per share for the third quarter.

Last week, the company announced that it’s Industrial Adhesives and Tapes Division is evolving its Bonding Process Centers in the U.S., Germany, and China to facilitate the growing trend towards automation in manufacturing. 3M will provide a starting point from which it will design and plan automated bonding solutions. The company will also have sessions to highlight how the company’s growing capabilities can be applied to increase more positive business outcomes for manufacturing and assembly businesses. For these reasons, will you consider MMM stock a buy today?

[Read More] Best Artificial Intelligence Stocks To Buy Right Now? 5 To Watch

AbbVie Inc.

Following that, we have AbbVie, a company that develops and commercializes advanced therapies. It has over 48,000 employees globally that strive to help patients by providing them next-generation treatments and therapies. It focuses on several key therapeutic areas like immunology, oncology, neuroscience, and eye care among others. ABBV stock trades at $106.40 a share as of Monday’s close and has enjoyed gains of over 18% in the past year.

best dividend stocks (ABBV stock)

Today, the company announced that it has submitted an application to the FDA seeking approval for Risankizumab-rzaa, an interleukin-23 inhibitor for the treatment of patients 16 years and older with moderate to severe Crohn’s disease. The company submitted its safety and efficacy data from three Phase 3 studies to the FDA for this approval.

While there have been advancements in care, many people with Crohn’s disease do not achieve lasting remission,” said Tom Hudson, senior vice president of research and development, chief scientific officer, AbbVie. “This submission is an important step forward in our commitment to providing an additional treatment option for those who struggle with this debilitating and often unpredictable disease.” With that being said, will you consider adding ABBV stock to your portfolio?

[Read More] What Stocks To Buy Today? 5 Tech Stocks To Watch

Microsoft Corporation

Another name to consider among dividend stocks in the stock market today would be the Microsoft Corporation. Sure, while Microsoft is not often first on most dividend stock lists, the company is not stingy when it comes to increasing its payouts. Namely, Microsoft has and continues to steadily grow its dividends for about 11 years. Thanks to its latest dividend hike, MSFT stock could be in focus among dividend investors now. As it stands, the company’s shares currently trade at $294.30 as of Monday’s closing bell after gaining 37% year-to-date.

best tech stocks (msft stock)

In terms of its dividend, Microsoft announced that it would be boosting its dividend by a whopping 11% last week. While this adds up to a $0.06 per share quarterly payout, investors would be buying into the tech giants’ offerings as well. With pandemic conditions persisting worldwide, demand for Microsoft’s offerings could follow suit.

Even now, the company appears to be kicking into high gear across the board. Together with its dividend hike, Microsoft also plans to initiate a $60 billion share repurchase program, its largest to date. After considering all of this, would MSFT stock be worth investing in?

The post Best Dividend Stocks In 2021? 4 To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Politicians need to practice what they preach and pay back wage subsidy

NDP, Liberals and Conservatives all helped themselves to the wage subsidy meant for struggling businesses Politicians are good at preaching, but they’re not so good at practicing what they preach. Case in point: the federal wage subsidy. Federal politicia

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NDP, Liberals and Conservatives all helped themselves to the wage subsidy meant for struggling businesses

Politicians are good at preaching, but they’re not so good at practicing what they preach. Case in point: the federal wage subsidy.

Federal politicians have been moralizing about the evils of business executives taking bonuses while collecting the pandemic wage subsidy, but their silence on their own party taking the subsidy is deafening.

At the beginning of the pandemic, the federal government rolled out a wage subsidy to help businesses keep more staff employed. Unfortunately, the rules allowed some businesses and political parties to exploit these tax dollars.

New Democratic Party Leader Jagmeet Singh wants to address part of the problem by forcing businesses that took the wage subsidies at the same time as they paid bonuses to executives to return the equivalent amount paid in bonuses. The NDP pointed out that “68 companies that paid executive bonuses and $5 billion in dividends to shareholders collected over $1 billion from the Canada Emergency Wage Subsidy.”

Liberals and Conservatives have also rightly scolded these executives. A business has every right to fatten its C-suite with its own money – just not with taxpayers’ money.

But these politicians have been less willing to point the finger at their own parties who took the wage subsidy meant for struggling businesses. The federal NDP, Liberals and Conservatives all helped themselves to the wage subsidy. Only the Bloc has kept its hand off the wage subsidies from the start.

Conservative Leader Erin O’Toole committed to repaying the money his party took.

“O’Toole believes the wage subsidy was designed to help businesses survive the economic side-effects of the COVID-19 pandemic lock-down, not to subsidize political parties,” said Conservative MP Peter Kent.

But as of mid-March, the Conservatives still hadn’t paid back the subsidy.

Last September, the Liberals said they would stop taking the wage subsidy but had no plans to pay it back. And despite all of his lecturing, Singh’s NDP still hasn’t mentioned whether they’ve paid back the subsidy.

By helping themselves to the wage subsidy, the political parties are acting like rich guys at a soup kitchen.

For starters, political parties already receive special taxpayer treatment.

Take the political contributions tax credit, for example. If you donate $100 to your local food bank, you get a federal tax credit of 15 per cent, meaning the total federal income tax you owe goes down by $15. But if you donate $100 to a federal political party, you receive a federal tax credit that saves you a whopping $75.

As of May 2020, parties benefited from $145 million over five years through the tax credit. On top of that, parties and candidates received nearly $200 million in expense reimbursements for the last three elections.

The parties weren’t starved for cash in 2020 either.

The Conservatives raised $20.7 million in 2020 and posted the best fourth quarter by any party ever. The Liberals posted their best fourth-quarter fundraising numbers and brought in $15 million last year. The NDP had an especially good year fundraising.

“Outside of that [2019] election year, 2020 marks the most the party has raised since the 2015 federal election that cost the New Democrats their official opposition status,” according to CBC.

Here’s the bottom line: political parties took the wage subsidy even though they obviously didn’t need them.

Parties were wrong to shove their snouts further into the taxpayer trough and help themselves to the wage subsidy meant to help businesses keep their employees on the payroll. But party leaders can help right past wrongs by practicing what they preach.

Politicians are right to force some businesses to pay back the wage subsidy, but they also need to show leadership and make sure their parties pay back the subsidy.

By Franco Terrazzano
Federal Director
Canadian Taxpayers Federation

Franco Terrazzano is the Federal Director of the Canadian Taxpayers Federation.

Courtesy of Troy Media.

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