The Stingy News Weekly: 09/19/2021
Stingy Links
ETF taxation in the crosshairs
"The real damage will be done to anyone who's had the temerity to
do a little investing outside their 401(k). ETFs have been an
incredible boon for smaller investors, giving them access to the
same funds, the same fees, and the same tax advantages wealthy
investors have so many other ways to access." [Taxes]
Amazon and inflation
"Labor productivity among nonstore retailers rose about 20% from
2019 to 2020, which is more than twice the 8% rate of
labor-productivity growth experienced by the retail industry as a whole." [Markets]
Betting big and losing it all
"So many of the people we celebrate today for being geniuses are
the result of some combination of hard work, intelligence, luck
and survivorship bias." [Behaviour]
Value vs. growth debate
"The opposing view, that a group of stocks whose underperformance
is more than explained by their falling relative valuations is
actually cheap, seems a far less extraordinary claim. In order
for it to be true, we merely need to believe that the future
prospects of value stocks are not drastically worse than they have
been in either the long term or the relatively recent past." [Value Investing]
Portfolios in crashes
"based on their liquidity requirements, most large institutional
investors have no alternative but to adopt cap-weighted
strategies. Investing billions in small caps or emerging markets is more
expensive than trading large-cap US stocks. Equal-weighting may
offer higher returns for equity investors over the long run,
but the majority of capital may not be able to access them." [Markets]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Enbridge (ENB) | B | B | B | A |
| Pembina Pipeline (PPL) | F | B | D | A |
| TC Energy (TRP) | D | C | D | A |
| BCE Inc. (BCE) | D | D | C | A |
| Barrick Gold (ABX) | B | A | D | A |
| Bank of Nova Scotia (BNS) | A | B | C | A |
| Manulife (MFC) | A | A | A | A |
| Cdn Natural Resources (CNQ) | C | B | C | A |
| TELUS (T) | D | D | B | A |
| Emera (EMA) | C | B | C | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Kinross Gold (K) | A | A | B | C |
| Manulife (MFC) | A | A | A | A |
| TD Bank (TD) | A | B | C | B |
| Thomson Reuters (TRI) | A | E | E | D |
| Algonquin Power (AQN) | A | B | E | A |
| Bank of Nova Scotia (BNS) | A | B | C | A |
| Canadian Apartment REIT (CAR.UN) | A | A | E | C |
| CIBC (CM) | A | B | C | B |
| Sun Life Financial (SLF) | A | A | B | B |
| Bank of Montreal (BMO) | A | B | C | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Teck Resources (TECK.B) | E | A | B | E |
| Cenovus Energy (CVE) | E | A | A | E |
| Kinross Gold (K) | A | A | B | C |
| Suncor Energy (SU) | D | A | B | B |
| Manulife (MFC) | A | A | A | A |
| Canadian Apartment REIT (CAR.UN) | A | A | E | C |
| Imperial Oil (IMO) | F | A | A | C |
| First Quantum (FM) | D | A | D | E |
| Power Corp of Canada (POW) | B | A | A | B |
| Sun Life Financial (SLF) | A | A | B | B |
| Notes | More Info... |
| Canadian Stock Summary | Yield | P/E | P/B | | Manulife (MFC) | Y | Y | Y |
| Bank of Nova Scotia (BNS) | Y | Y | |
| Canadian Apartment REIT (CAR.UN) | | Y | Y |
| Kinross Gold (K) | | Y | Y |
| Sun Life Financial (SLF) | | Y | Y |
| Algonquin Power (AQN) | | Y | |
| BCE Inc. (BCE) | Y | | |
| Bank of Montreal (BMO) | | Y | |
| Barrick Gold (ABX) | Y | | |
| CIBC (CM) | | Y | |
| Cdn Natural Resources (CNQ) | Y | | |
| Cenovus Energy (CVE) | | | Y |
| Emera (EMA) | Y | | |
| Enbridge (ENB) | Y | | |
| First Quantum (FM) | | | Y |
| Imperial Oil (IMO) | | | Y |
| Pembina Pipeline (PPL) | Y | | |
| Power Corp of Canada (POW) | | | Y |
| Suncor Energy (SU) | | | Y |
| TC Energy (TRP) | Y | | |
| TD Bank (TD) | | Y | |
| TELUS (T) | Y | | |
| Teck Resources (TECK.B) | | | Y |
| Thomson Reuters (TRI) | | Y | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | P/S | Yield | | Chevron (CVX) | E | A | A | A |
| IBM (IBM) | C | C | B | A |
| Dow (DOW) | A | B | A | A |
| Verizon (VZ) | A | B | B | A |
| Walgreens (WBA) | B | A | A | A |
| Merck (MRK) | D | C | C | B |
| 3M (MMM) | B | D | C | B |
| Amgen (AMGN) | B | E | D | B |
| Coca-Cola (KO) | D | D | E | B |
| Cisco (CSCO) | B | C | D | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | P/S | Yield | | Goldman Sachs (GS) | A | A | B | D |
| Travelers (TRV) | A | A | A | C |
| JP Morgan Chase (JPM) | A | A | C | C |
| Dow (DOW) | A | B | A | A |
| Verizon (VZ) | A | B | B | A |
| Intel (INTC) | B | B | C | C |
| 3M (MMM) | B | D | C | B |
| Walgreens (WBA) | B | A | A | A |
| American Express (AXP) | B | C | C | E |
| Amgen (AMGN) | B | E | D | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | P/S | Yield | | Travelers (TRV) | A | A | A | C |
| Goldman Sachs (GS) | A | A | B | D |
| Chevron (CVX) | E | A | A | A |
| JP Morgan Chase (JPM) | A | A | C | C |
| Walgreens (WBA) | B | A | A | A |
| Intel (INTC) | B | B | C | C |
| Dow (DOW) | A | B | A | A |
| Verizon (VZ) | A | B | B | A |
| Walt Disney (DIS) | E | B | D | F |
| salesforce.com (CRM) | E | B | E | F |
| Notes | More Info... |
| US Stock Summary | Yield | P/E | P/B | | Dow (DOW) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| Walgreens (WBA) | Y | Y | Y |
| 3M (MMM) | Y | Y | |
| Amgen (AMGN) | Y | Y | |
| Chevron (CVX) | Y | | Y |
| Goldman Sachs (GS) | | Y | Y |
| Intel (INTC) | | Y | Y |
| JP Morgan Chase (JPM) | | Y | Y |
| Travelers (TRV) | | Y | Y |
| American Express (AXP) | | Y | |
| Cisco (CSCO) | Y | | |
| Coca-Cola (KO) | Y | | |
| IBM (IBM) | Y | | |
| Merck (MRK) | Y | | |
| Walt Disney (DIS) | | | Y |
| salesforce.com (CRM) | | | Y |
| Notes... |
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