Kalkine Media lists TSX stocks to watch amid uncertain market conditions

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 Kalkine Media lists TSX stocks to watch amid uncertain market conditions
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Highlights

  • The revenue for Brookfield Asset Management was US$ 23,256 million in Q2.
  • Constellation announced its acquisition of Allscripts Healthcare Solutions in May 2022.
  • Fortis announced C$ 0.565 as its quarterly dividend to shareholders.

Market volatility is a crucial concept for investors to understand. Knowing your stocks well, along with the market functioning, can be exciting and overwhelming at the same time. Every stock follows a different graph and risk profile.   

It can be daunting to predict market movements, especially with short-term investments. Hence, long-term investment may be the solution to the fluctuating market trends.

It is crucial to safeguard your portfolio from a downturn and get going with a long-term approach. Here are some of the stocks and their financials mentioned below.

  1. Brookfield Asset Management Inc. (TSX: BAM.A)

Brookfield Asset Management Inc. is the owner of infrastructure assets and commercial property. Further, it manages power assets too. The company deals in private equity, real estate, and Infrastructure, Renewable Power.

The revenue for Brookfield Asset Management Inc. as of June 30, 2022, is reported at US$ 23,256 million compared to US$ 18,286 million. The net income decreased and was reported at US$ 1,475 million as against US$ 2,429 million.

For Q2 2022, the investable cash and capital increased to over US$ 110 billion. Also, the assets grew to US$ 411,866 million from US$ 391,003 million.

The earnings per share announced by Brookfield Asset Management Inc. is US$2.99 with a P/E (price to earnings) ratio of 17.50.

  1. Constellation Software Inc. (TSX: CSU)

Constellation Software Inc. is engaged in developing and customizing software. Further, the company operates in public and private sectors and is into acquiring and managing vertical-specific businesses.

In Q2 2022, the revenue was posted at US$ 1,618 million. This was an increase of 30 per cent compared to US$ 1,249 million in the same quarter the previous year. There was an increase in net income, which was reported at US$ 126 million (an increase of 43 per cent) from US$ 88 million in Q2 2021.

As of June 30, 2022, the cash flow from operating activities witnessed an increase and was noted at US$ 134 million against US$ 78 million the previous year. Further, Constellation Software Inc. announced US$ one as its quarterly dividend to the shareholders with a three-year dividend growth of 6.79 per cent.

On May 2, 2022, Constellation Software Inc. announced its acquisition of Allscripts Healthcare Solutions through N. Harris Computer Corporation (wholly owned subsidiary).

  1. Power Corporation of Canada (TSX: POW)

Power Corporation of Canada was incorporated in 1925 and had diversified interests in financial services and communications. Further, the company has its controlling interests in Power Financial.

Power Financial in turn has controlling interests in Great-West, IGM Financial and Pargesa.

As on June 30, 2022, the net earnings were posted at C$ 527 million compared with C$ 994 million in 2021. Power Corporation of Canada announced C$ 0.495 as its quarterly dividend with a dividend yield of 14.89 per cent. The EPS offered by the company is C$ 3.51 with a P/E ratio of 9.1.

  1. Toronto-Dominion Bank (TSX: TD)

Toronto-Dominion Bank operates in retail banking in US and Canada. It also is engaged in wholesale banking as well. The company operated with a total employee strength of 89,464.

For Q3 2022, the adjusted net income was C$ 3,813 million compared with C$ 3,628 million in Q3 2021. Further, the adjusted total revenue was reported at C$ 11,603 million against C$ 11,039 million for the same comparative period.

The total assets too, witnessed an increase and were posted at C$ 1,840.8 million from C$ 1,825.3 million.

On August 2, 2022, Toronto-Dominion Bank announced to acquire Cowen Inc. in an all-cash transaction valued at US$ 1 .3 billion.

On February 28, 2022, Toronto-Dominion Bank announced to acquire First Horizon Corporation in an all-cash transaction valued at US$ 13.4 billion.

  1. Fortis Inc. (TSX: FTS)

Fortis Inc. operates in Canada and US. It has total of 10 utility transmission and distribution assets. Further, it serves more than 3.4 million customers in gas and electricity segments. Fortis Inc. also operates several Caribbean utilities with smaller electricity generation stakes.

The Q2 2022 net earnings were reported at C$ 284 million compared to C$ 253 million in Q2 2021. Further, the revenue also reported an increase to C$ 2,487 million as against C$ 2,130 million in the same comparative period.

As of June 30, 2022, the operating cash flow was noted at C$ 759 million against C$ 740 million at the same time the previous year.

Fortis Inc. announced C$ 0.565 as its quarterly dividend to shareholders with five-year dividend growth of 5.66 per cent.

The below graph shows the increase in adjusted EPS announced by Fortis Inc. between a span of

Bottom Line

As an investor, it can be nerve-wracking moving along with dips and bumps that market volatility offers. However, you can select your stocks by looking at their past and present financials. Along with this, consider the company valuations and stock price chart. If chosen tactfully, it can make a significant difference to your portfolio.

Market volatility can also be tackled with the right approach of diversification. Keeping different category stocks in your basket will lead to secure investment. Also, it will give you long-term growth exposure. As an investor, keeping your eyes and ears open all the time is essential. Also, be diligent before entering and operating in the market. There is a list of gainers and losers, when it comes to investments dealing during a volatile phase. Choose your side carefully.

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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