02:08:26 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 387,668,760
Close 2016-09-23 C$ 54.80
Market Cap C$ 21,244,248,048
Recent Sedar Documents

Globe says Fiera, others have strong income qualities

2016-09-23 07:12 ET - In the News

See In the News (C-FSZ) Fiera Capital Corp

The Globe and Mail attempts to identify stocks with long-term capital appreciation with an emphasis on income generation in its Friday, Sept. 23, edition. The Globe's Julie Michaels writes in the Number Cruncher column that she took a closer look at the type of stocks that have been driving the market rally this past year. She notes an unmistakable domination from the oil and gas sector, and metals and minerals, specifically golds. She says these stocks exhibit strong momentum attributes, especially price momentum, but are lacking in income and growth characteristics. For the investors who do not want to jump on the volatile momentum bandwagon, Ms. Michaels analyzed a more conservative fundamental approach to stock selection by focusing on growth and income. For her stock picks she looked for five-year normalized earnings and sales growth, positive three-month analyst estimate revisions, positive quarterly earnings momentum, a dividend yield with strong historical growth and positive earnings surprises. Ms. Michaels's recommended stocks are Fiera Capital, Student Transportation, Magna International, Canadian Imperial Bank of Commerce, Western Forest Products and Altus Group.

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