The Stingy News Weekly: 04/09/2023
Stingy Links
European value
"the European market is effectively a large value index today, as
it trades at 13x Price/Earnings, which is cheaper than the US
large value index at 14x Price/Earnings" [World]
The economy and the market
"the US economy and stock market showed a high correlation
throughout most of this period. Correlations only fell off
considerably four times: during the Great Depression, World War II, the
1990s, and the global pandemic. All of which suggests the S&P 500
was a good proxy for the US economy for much of the last 120
years." [Economy]
Making life worse one bulb at a time
"There's something off about LED bulbs - which will soon be,
thanks to a federal ban, the only kind you can buy." [Government]
Mortgage rate update
"With the ten-year yield at 3.3%, and based on an historical
relationship, 30-year rates would currently be around 5.0%. So,
mortgage rates are higher than expected based on the ten-year yield" [Bonds]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | TC Energy (TRP) | E | C | A |
| Enbridge (ENB) | E | C | A |
| BCE (BCE) | C | D | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| CIBC (CM) | B | A | A |
| Pembina Pipeline (PPL) | A | C | A |
| Manulife Financial (MFC) | A | A | A |
| Power (POW) | B | A | A |
| Algonquin Power (AQN) | E | A | A |
| TELUS (T) | D | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Tourmaline Oil (TOU) | A | B | D |
| Nutrien (NTR) | A | A | C |
| Imperial Oil (IMO) | A | C | C |
| Suncor Energy (SU) | A | B | A |
| Manulife Financial (MFC) | A | A | A |
| Cenovus Energy (CVE) | A | B | D |
| Bank of Montreal (BMO) | A | A | B |
| Canadian Natural (CNQ) | A | C | B |
| Pembina Pipeline (PPL) | A | C | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Canadian Apt REIT (CAR.UN) | E | A | C |
| Manulife Financial (MFC) | A | A | A |
| Power (POW) | B | A | A |
| Kinross Gold (K) | F | A | C |
| Algonquin Power (AQN) | E | A | A |
| CIBC (CM) | B | A | A |
| Teck Resources (TECK.B) | B | A | E |
| Bank of Nova Scotia (BNS) | A | A | A |
| Bank of Montreal (BMO) | A | A | B |
| Brookfield (BN) | D | A | E |
| Notes | More Info... |
| Canadian Stock Summary | P/E | P/B | Yield | | Bank of Nova Scotia (BNS) | Y | Y | Y |
| Manulife Financial (MFC) | Y | Y | Y |
| Algonquin Power (AQN) | | Y | Y |
| Bank of Montreal (BMO) | Y | Y | |
| CIBC (CM) | | Y | Y |
| Pembina Pipeline (PPL) | Y | | Y |
| Power (POW) | | Y | Y |
| BCE (BCE) | | | Y |
| Brookfield (BN) | | Y | |
| Canadian Apt REIT (CAR.UN) | | Y | |
| Canadian Natural (CNQ) | Y | | |
| Cenovus Energy (CVE) | Y | | |
| Enbridge (ENB) | | | Y |
| Imperial Oil (IMO) | Y | | |
| Kinross Gold (K) | | Y | |
| Nutrien (NTR) | Y | | |
| Suncor Energy (SU) | Y | | |
| TC Energy (TRP) | | | Y |
| TELUS (T) | | | Y |
| Teck Resources (TECK.B) | | Y | |
| Tourmaline Oil (TOU) | Y | | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | Verizon (VZ) | A | A | A |
| 3M (MMM) | A | C | A |
| Walgreens (WBA) | F | A | A |
| Dow (DOW) | A | B | A |
| IBM (IBM) | C | C | A |
| Chevron (CVX) | A | B | B |
| Amgen (AMGN) | C | E | B |
| JPMorgan Chase (JPM) | A | A | B |
| Goldman (GS) | B | A | B |
| Cisco Systems (CSCO) | C | C | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Verizon (VZ) | A | A | A |
| Dow (DOW) | A | B | A |
| Chevron (CVX) | A | B | B |
| 3M (MMM) | A | C | A |
| JPMorgan Chase (JPM) | A | A | B |
| Goldman (GS) | B | A | B |
| Travelers (TRV) | B | B | D |
| American Express (AXP) | B | C | E |
| Caterpillar (CAT) | B | D | D |
| Intel (INTC) | B | A | D |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Intel (INTC) | B | A | D |
| JPMorgan Chase (JPM) | A | A | B |
| Walgreens (WBA) | F | A | A |
| Verizon (VZ) | A | A | A |
| Goldman (GS) | B | A | B |
| Travelers (TRV) | B | B | D |
| Dow (DOW) | A | B | A |
| Walt Disney (DIS) | E | B | F |
| Chevron (CVX) | A | B | B |
| salesforce.com (CRM) | E | B | F |
| Notes | More Info... |
| US Stock Summary | P/E | P/B | Yield | | Chevron (CVX) | Y | Y | Y |
| Dow (DOW) | Y | Y | Y |
| Goldman (GS) | Y | Y | Y |
| JPMorgan Chase (JPM) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| 3M (MMM) | Y | | Y |
| Intel (INTC) | Y | Y | |
| Travelers (TRV) | Y | Y | |
| Walgreens (WBA) | | Y | Y |
| American Express (AXP) | Y | | |
| Amgen (AMGN) | | | Y |
| Caterpillar (CAT) | Y | | |
| Cisco Systems (CSCO) | | | Y |
| IBM (IBM) | | | Y |
| Walt Disney (DIS) | | Y | |
| salesforce.com (CRM) | | Y | |
| Notes... |
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