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 Inc99.95 CAD-0.23Rating
Canadian Imperial Bank of Commerce132.53 CAD0.58Rating
Canadian Pacific Railway Ltd97.01 CAD-0.45Rating
CI Financial Corp21.80 CAD4.01Rating
Enbridge Inc47.20 CAD1.07Rating
National Bank of Canada91.56 CAD0.53Rating
Nutrien Ltd73.34 CAD1.72Rating
Royal Bank of Canada121.86 CAD0.59Rating
TC Energy Corp61.24 CAD1.47Rating
The Toronto-Dominion Bank87.73 CAD0.80Rating

About Author

Ruth Saldanha

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


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