Canadian dividend sectors ‘overdue for a sharp reversal to the upside,' says BMO chief investment strategist [Globe and Mail, The (Toronto, Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Globe and Mail, The
BMO chief investment strategist Brian Belski believes a rally is due in domestic dividend stocks, “Against the backdrop of rising long-term interest rates year to date, ALL the Canadian yield-heavy sectors have underperformed. However, from our perspective each of these areas are excessively oversold and are extremely overdue for a sharp reversal to the upside once interest rate concerns stabilize. While we do subscribe to the “higher-for-longer” interest rate narrative, our work shows that these sectors can post solid absolute returns and, in some cases, even outperform when long-term interest rates are in a range. Indeed, the Real Estate sector typically posts its best absolute and relative performance when interest rates are range bound … While the Communication Services sector is interest rate sensitive, we believe the sector should be doing much better on an absolute basis given we are likely at or near peak long-term interest rates. Utilities is historically the most correlat
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BN
Earnings
- 2/8/24 - Miss
BN
Sec Filings
- 4/12/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/9/24 - Form 6-K
- BN's page on the SEC website