The Stingy News Weekly: 09/04/2022
Stingy Links
Abandoning diversification
"Perhaps at the time when many investors are abandoning
diversification in favor of putting all their money in the S&P 500, it's
time to reconsider - and make the bet - that valuation gaps that
have driven wide relative return differences might be strongly
mean reverting." [Value Investing]
The impact of uncertainty on behaviour
"Unfortunately, for those investors who sell and get out of the
market 'just until things become clear again' (investors begin to
treat equity investing again as risk instead of uncertainty),
there is never an 'all clear' signal that will let them know it
is safe to buy again." [Behaviour]
Interest rates and growth stocks
"the growth bubble that we experienced (and arguably are still
experiencing) was not truly 'driven' by interest rates falling.
They mattered a little bit, mathematically, but Mr. Market's
belief in the false-narrative that they were the only thing that
mattered perhaps was a main and important driver of growth's
outperformance, and value's underperformance." [Growth Investing]
Choosing happiness
"It strikes me that hedonic happiness usually comes with a higher
price tag, while eudaimonic happiness involves a greater
investment of time. If we go to a lavish restaurant, we'll get hedonic
happiness - and a big bill at the end. But if we decide to
learn the piano, we may enjoy long-lasting eudaimonic happiness, but
the cost will be a hefty commitment of time." [Behaviour]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | Enbridge (ENB) | D | C | A |
| Manulife Financial (MFC) | A | A | A |
| Power (POW) | B | A | A |
| BCE (BCE) | C | D | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| TC Energy (TRP) | C | C | A |
| Pembina Pipeline (PPL) | C | C | A |
| CIBC (CM) | B | A | A |
| Barrick Gold (ABX) | B | A | A |
| Algonquin Power (AQN) | D | B | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Teck Resources (TECK.B) | A | A | D |
| Manulife Financial (MFC) | A | A | A |
| Canadian Apt REIT (CAR.UN) | A | A | C |
| Suncor Energy (SU) | A | B | B |
| Bank of Montreal (BMO) | A | A | A |
| Canadian Natural (CNQ) | A | C | B |
| SNC-Lavalin (SNC) | A | B | E |
| Nutrien (NTR) | A | C | C |
| Imperial Oil (IMO) | A | C | C |
| Canadian Tire (CTC.A) | A | B | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Kinross Gold (K) | F | A | C |
| Canadian Apt REIT (CAR.UN) | A | A | C |
| Manulife Financial (MFC) | A | A | A |
| Teck Resources (TECK.B) | A | A | D |
| Power (POW) | B | A | A |
| First Quantum (FM) | B | A | D |
| Barrick Gold (ABX) | B | A | A |
| Agnico Eagle (AEM) | D | A | B |
| CIBC (CM) | B | A | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| Notes | More Info... |
| Canadian Stock Summary | P/E | P/B | Yield | | Manulife Financial (MFC) | Y | Y | Y |
| Bank of Nova Scotia (BNS) | | Y | Y |
| Barrick Gold (ABX) | | Y | Y |
| CIBC (CM) | | Y | Y |
| Canadian Apt REIT (CAR.UN) | Y | Y | |
| Power (POW) | | Y | Y |
| Teck Resources (TECK.B) | Y | Y | |
| Agnico Eagle (AEM) | | Y | |
| Algonquin Power (AQN) | | | Y |
| BCE (BCE) | | | Y |
| Bank of Montreal (BMO) | Y | | |
| Canadian Natural (CNQ) | Y | | |
| Canadian Tire (CTC.A) | Y | | |
| Enbridge (ENB) | | | Y |
| First Quantum (FM) | | Y | |
| Imperial Oil (IMO) | Y | | |
| Kinross Gold (K) | | Y | |
| Nutrien (NTR) | Y | | |
| Pembina Pipeline (PPL) | | | Y |
| SNC-Lavalin (SNC) | Y | | |
| Suncor Energy (SU) | Y | | |
| TC Energy (TRP) | | | Y |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | Verizon (VZ) | A | B | A |
| Dow (DOW) | A | B | A |
| Walgreens (WBA) | A | A | A |
| IBM (IBM) | C | D | A |
| 3M (MMM) | C | C | A |
| Intel (INTC) | A | A | B |
| Chevron (CVX) | B | B | B |
| JPMorgan Chase (JPM) | B | A | B |
| Cisco Systems (CSCO) | C | C | B |
| Amgen (AMGN) | C | E | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Dow (DOW) | A | B | A |
| Walgreens (WBA) | A | A | A |
| Intel (INTC) | A | A | B |
| Goldman (GS) | A | A | C |
| Verizon (VZ) | A | B | A |
| JPMorgan Chase (JPM) | B | A | B |
| Chevron (CVX) | B | B | B |
| Travelers (TRV) | B | A | D |
| Merck (MRK) | B | C | C |
| Caterpillar (CAT) | B | D | C |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Goldman (GS) | A | A | C |
| Walgreens (WBA) | A | A | A |
| Intel (INTC) | A | A | B |
| JPMorgan Chase (JPM) | B | A | B |
| Travelers (TRV) | B | A | D |
| Dow (DOW) | A | B | A |
| Chevron (CVX) | B | B | B |
| Verizon (VZ) | A | B | A |
| Walt Disney (DIS) | E | B | F |
| 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 |
| Intel (INTC) | Y | Y | Y |
| JPMorgan Chase (JPM) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| Goldman (GS) | Y | Y | |
| Travelers (TRV) | Y | Y | |
| 3M (MMM) | | | Y |
| Amgen (AMGN) | | | Y |
| Caterpillar (CAT) | Y | | |
| Cisco Systems (CSCO) | | | Y |
| IBM (IBM) | | | Y |
| Merck (MRK) | Y | | |
| Walt Disney (DIS) | | Y | |
| salesforce.com (CRM) | | Y | |
| Notes... |
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