Ten moat-y stocks now within buying range

More than 50 Canadian stocks slipped below our fair value estimates after the market fall earlier this week

Ruth Saldanha 6 December, 2018 | 7:00PM
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Equity markets started the week strongly, buoyed by what was perceived as a thaw in U.S-China trade tensions.

The next day, China tariff fears returned, and markets tumbled. In one trading session on Tuesday, the Dow lost almost 800 points, while the S&P/TSX Composite lost over 200 points.

Yesterday, the U.S. markets were shut, but the Canadian market recovered, ending the day up around 0.7%, thanks in part to energy stocks that rose on the back on Alberta’s oil production cuts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BRP Inc115.00 CAD-0.63Rating
Canadian Imperial Bank of Commerce148.65 CAD0.46Rating
Canadian Pacific Railway Ltd91.97 CAD1.27Rating
CI Financial Corp27.99 CAD0.65Rating
Enbridge Inc53.09 CAD0.00Rating
National Bank of Canada102.09 CAD-0.14Rating
Nutrien Ltd88.46 CAD-0.36Rating
Royal Bank of Canada132.18 CAD0.47Rating
TC Energy Corp67.78 CAD0.64Rating
The Toronto-Dominion Bank88.96 CAD0.32Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.


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