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Stantec Inc. (STN)
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Aecon Group Inc. (ARE)
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Bird Construction Inc. (BDT)
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AtkinsRéalis Group Inc. (ATRL)
Q: I sold half my holdings in BDT and ARE in December, in a TFSA, with a nice profit. Both are down quite a lot since then. I was planning to buy back to average down. Or take position in more stable stocks like STN or ATRL. How would you rank these 4 for new purchase? in a registered or regular account? Would any of these be more at risk with US politics ? I already own WSP and NOA. Thanks a lot.
5i Research Answer:
For new buys we would rank: STN, ATRL, BDT, ARE. In this market, we would prefer the first two rather than the smaller latter two. WSP continues to look fine to us. There is a bit of political risk. These companies may not see direct tariff impacts (costs can be passed on to customers) but there is the possibility of it being harder to win US business if the US takes a 'buy domestic' approach to contracts. Certainly for US government contracts this could be a headwind.