10 Canadian stocks now at a discount

After this week's market plunge, 46 Canadian stocks are trading below our fair value estimates.

Ruth Saldanha 12 October, 2018 | 5:00PM
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This week has been a bloodbath for most major stock markets globally, and the Canadian markets are not insulated from this; the S&P/TSX Composite Index has lost 3.9% between Tuesday and Thursday.

It's important to remember that there is nothing fundamentally driving the drop in the Canadian markets; the market fall was largely driven by global sentiment. As of market close on Thursday, the S&P 500 is down 5.4% since Monday.

So what should investors do right now?

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
AGF Management Ltd7.64 CAD0.26Rating
Air Canada Class B23.14 CAD-0.47Rating
BCE Inc63.02 CAD-0.50Rating
Emera Inc58.99 CAD0.19Rating
George Weston Ltd137.37 CAD0.00Rating
IGM Financial Inc47.35 CAD1.59Rating
Loblaw Companies Ltd92.29 CAD-0.83Rating
Magna International Inc Class A103.01 CAD-0.30Rating
Power Corporation of Canada42.56 CAD0.16Rating
Saputo Inc30.89 CAD-0.03Rating
SNC-Lavalin Group Inc33.59 CAD0.24Rating
TC Energy Corp66.95 CAD0.68Rating

About Author

Ruth Saldanha

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

 
 
 

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