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Canadian National Railway Company (CNR)
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Dollarama Inc. (DOL)
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Intact Financial Corporation (IFC)
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ATS Corporation (ATS)
Q: Making a large spousal RRSP contribution soon and am looking for guidance as to the best 3 or 4 stocks with a tilt toward growth that would compliment this group with a brief explanation as to thier merits and why they compliment the existing holdings. Initially had my sights set on DOL, ATS, CNR and IFC but not sure these would be the right choice to maximize compounding for someone with a very long investment horizon.
Wife’s portfolios currently include: ITOT, IEMG, XEF, AVGO, COST, SBUX, RY, FTS, BCE, ATD, DIR.UN, SHOP, GSY, BN, TOI, ATZ, NVEI
Most Mag 7 are owned in my own accounts with adequate exposure when considering combined portfolios so not looking for any of those.
Wife’s portfolios currently include: ITOT, IEMG, XEF, AVGO, COST, SBUX, RY, FTS, BCE, ATD, DIR.UN, SHOP, GSY, BN, TOI, ATZ, NVEI
Most Mag 7 are owned in my own accounts with adequate exposure when considering combined portfolios so not looking for any of those.
5i Research Answer:
We think the portfolio noted is well-diversified, including large, well-established companies. For the names mentioned, at the current valuation we think ATS and IFC look attractive, both have decent track records and healthy growth is expected over the next few years. LMN we like a lot for growth potential. In addition, we think adding a few small-cap names to the portfolio could complement the upside potential given that these companies have great momentum and still trade at a cheap valuation: HPS.A, TVK, CLS.