Stocks to Buy Before Vacation

Summer rhymes with more time outside, pool parties or sunset walks, but it’s actually a good time to benefit from the opportunities on the market while it’s a little more quiet. Interested in CWB.TO, STN.TO, TIH.TO, CPX.TO, or DOL.TO? Dive in with us!

Following yesterday’s Canadian picks, above are the best US summer opportunities on the market. It’s time for you to have a sip of PEP, HSY, DE, FAST, EQIX, TSCO and a surprise!

You’ll Learn

Part 1: Canadian Picks

Let’s start with Canadian Western Bank (CWB.TO). National Bank announced it wanted to buy CWB. What are the great lines of this deal and why is Canadian Western Bank becoming a better buy opportunity than NA?
What are the downsides to consider from this financial stock before buying it?
The next one is in the industrial sector. Stantec (STN.TO) has a PRO Rating and a Dividend Safety Score of 4 at DSR, which are pretty good ratings. However, it is not a stock we follow closely. So, what brought Mike’s attention to it?
What should investors be more cautious about?
Another industrial stock, Toromont Industries (TIH.TO). Why would you add it to your buy list?
TIH.TO remains a cyclical stock. What else should investors keep in mind before pulling the trigger?
Moving on to a utility company: Capital Power (CPX.TO). How to describe it and what makes it a good buy?
Capital Power is a capital-intensive company that grows through acquisitions. This could remind us of Algonquin. What should we follow closely for this one?
Last one for today: Dollarama (DOL.TO). What currently makes it attractive?
Considering the prices DOL sells at, we could think its margins are not high. Is this a risk for the business?
Would Mike consider all the stocks mentioned today as core holdings or long-term plays?

Part 2: US Picks

Let’s start with two companies in the consumer staples: PepsiCo (PEP) and The Hershey (HSY). What makes them good buys?
Both PEP and HSY are mature businesses that both evolve around unhealthy products. Is the lack of growth one of their potential risks?
In the industrial sector, we have Deere (DE), the famous green tractors. We don’t fully cover this company at Dividend Stocks Rock for a while. Why did it now get Mike’s attention?
What should investors know about before adding DE to their buy list?
Another industrial pick: Fastenal (FAST). Why consider it a buy and what are the potential downsides that we must know before buying?
With yesterday’s episode, it’s been 4 picks in the industrial sector. What is the context around it that creates more buying opportunities?
In real estate, we find Equinix, one of Mike’s favorites. What does he like about it and what could go wrong?
Let’s end this two-part episode with Tractor Supply (TSCO), a consumer discretionary stock. Mike shares its pros and cons.
Surprise! Mike is adding another pick in the consumer discretionary sector. Any guess?
Are all of today’s picks core holdings that you would hold forever?