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

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 Ltd6.98 CAD0.58
Air Canada Class B27.40 CAD3.79
BCE Inc55.61 CAD0.23
Emera Inc51.34 CAD-0.70
George Weston Ltd98.04 CAD1.50
IGM Financial Inc36.01 CAD0.42
Loblaw Companies Ltd62.79 CAD0.14
Magna International Inc Class A112.45 CAD3.14
Power Corporation of Canada31.57 CAD-0.16
Saputo Inc36.20 CAD0.89
SNC-Lavalin Group Inc26.65 CAD1.60
TC Energy Corp55.69 CAD1.59

About Author

Ruth Saldanha

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

 
 
 

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