Kalkine Media lists 5 TSX stocks to watch amid US midterm election

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 Kalkine Media lists 5 TSX stocks to watch amid US midterm election
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  • In Q3 2022, FirstService’s revenue rose to US$ 960.5 million.
  • In Q2 2022, Summit Industrial Income REIT’s net rental income was at C$ 46.83 million.
  • In Q3 2022, Constellation Software’s net income was at US$ 136 million.

Ahead of the US midterm elections, the S&P/TSX composite index jumped by 0.49 per cent as there were gains in real estate and energy stocks. The oil prices stabilized near US$ 100 a barrel which raised the energy sector by 1.1 per cent. In addition to this, the technology sector jumped by 1.31 per cent. There was an increase in the real estate sector too as it rose by 3.3 per cent.

No matter how rosy the stock market seems, before investing, investors must check the company’s financials and valuations to have clarity on the stocks. Along with this, look at the external market forces as well that play a key role in adjusting stock prices. Investors going with one factor may not be able to assess the potential of the stock.

In addition to this, ensure to keep your investments safe and away from volatility.

As the US mid-term elections are underway,  we look at five stocks and their financial performances:

  1. FirstService Corporation (TSX: FSV)

FirstService Corp operates with two business divisions- FirstService Brands and FirstService Residential. FirstService Brands caters to commercial and residential customers through its property services with its brands- Pillar to Post, California Closets, CertPro Painters Paul and Davis Restoration.

In Q3 2022, FirstService’s revenue rose to US$ 960.5 million from US$ 849.4 million in Q3 2021. The adjusted EBITDA also grew to US$ 95.5 million from US$ 94.2 million for the same period. The company’s net earnings decreased to US$ 41.34 million from US$ 52.87 million. The total assets made jumped to US$ 2,598.11 million from US$ 2,509.02 million.

The cash and cash equivalents also rose to US$ 185.18 million from US$ 172.12 million. The company pays a quarterly dividend of US$ 0.203 per share. Its dividend yield was noted at 0.674 per cent. The EPS (earnings per share) is at US$ 3.28.

  1. Canadian Natural Resources Limited (TSX: CNQ)

Canadian Natural Resources Limited is engaged in producing oil and natural gas and majorly operates in western Canada. Its operations are also located in Offshore Africa and the North Sea. Further, the company’s portfolio includes heavy and medium oil, synthetic oil, bitumen, natural gas, and liquids.

For the quarter that ended September 30, 2022, Canadian Natural Resources reported net earnings of C$ 2,814 million versus C$ 2,202 million at the same time of the previous year. The cash flow from operating activities rose to C$ 6,098 million from C$ 4,290 million. The free cash flow of the company declined to C$ 1,680 million from C$ 2,195 million. Canadian Natural Resources pays a dividend on a quarterly basis which stood at C$ 0.85 along with an EPS of C$ 9.73.

  1. Constellation Software Inc. (TSX: CSU)

Constellation Software Inc. caters to the private and public sector market and is engaged in developing and customizing software. The company is also into building and managing vertical-specific businesses.

In Q3 2022, the revenue of Constellation Software rose by 33 per cent to US$ 1,725 million compared to US$ 1,299 million in Q3 2021. Further, Constellation Software’s net income increased by 28 per cent to US$ 136 million from US$ 107 million for the same period.

The cash flows from operations also rose to US$ 321 million, an increase of 10 per cent, compared to US$ 292 million for the comparable period in 2021.

For the same period, the liabilities of the company increased to US$ 5,625 million from US$ 4,034 million.

On March 2, 2022, the N. Harris Computer Corporation (wholly owned subsidiary of the company) completed an agreement to acquire the net assets of the business segments of Allscripts’ Hospitals related to Large Physician Practices.

The EPS of Constellation Software is at US$ 27.20 along with the P/E (price-to-earnings) ratio of 67.5. The company pays US$ one as quarterly dividend to the shareholders.

  1. Summit Industrial Income REIT (TSX: SMU.UN)

Summit Industrial Income REIT operates as a mutual based trust and is based in Canada. The Trust is engaged in commercial leasing of real estate property. It operates in Atlantic Canada, Ontario, Quebec, and Western Canada. Additionally, the company caters to the light industrial sector of the Canadian real estate industry as well.

In Q2 2022, the net rental income of Summit Industrial increased to C$ 46.83 million from C$ 41.16 million in Q2 2021. The FFO (funds from operations) rose to C$ 36.35 million from C$ 26.07 million for the same period. Summit Industrial’s total debt grew to C$ 1,387.12 million from C$ 1,303.11 million. With a dividend yield of 2.581 per cent, The company pays a monthly dividend of C$ 0.048 per share, and has a dividend yield of 2.581 per cent.

On August 9, 2022, the company announced an agreement to be acquired by GIC and Dream Industrial REIT in all-cash transaction. 

The picture below depicts the total market capitalization of FSV, CNQ, CSU, SMU.UN and SIL:

  1. SilverCrest Metals Inc. (TSX: SIL)

SilverCrest Metals Inc. opearets in the metal sector and is engaged in the extraction of silver and other metals. Further, the company works on development and exploration of these metals. The company's properties include Las Chispas, Cruz de Mayo, and other projects. The SIL stock jumped over eight per cent during the trading session on Monday, November 7. 

For the quarter ending on June 30, 2022, the net income of SilverCrest was reported at US$ 858,000 versus a net loss of US$ 21.73 million at the same time of the previous year. SilverCrest’s total assets declined to US$ 365.86 million from US$ 368.97 million for the same period. The total liabilities too rose to US$ 101.16 million from US$ 100.7 million in the corresponding quarter a year ago.

Bottom Line

Many investors enter the stock market but with partial knowledge. Whenever you are selecting your stocks, consider all the factors along with expected downturns and upward market trends. This provides clarity on the overall stock picture and its growth potential of your portfolio. The market-check should be done at regular intervals so that you can reposition your portfolio accordingly.

Operating with a long-term approach will make you aware of any changes that are happening or are about to happen. Also, it helps in maintaining a basic risk appetite to stay in the market for a longer time.

Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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