TopPicks from Brianne Gardner, wealth manager and investment advisor, Velocity Investment Partners, Raymond James
Brianne Gardner, wealth manager and financial advisor at Velocity Investment Partners with Raymond James, discusses her top picks: Abbott Laboratories, Bank of Montreal, and Canadian Natural Resources.Abbott Laboratories is a multinational medical device and health-care company, a sector that typically holds up well in recessionary periods. Abbott sells medical devices, diagnostics, branded generic medicines, and nutritional products.
The Canadian bank also raised its dividend by three per cent and now yields 4.6 per cent. BMO’s commercial customers are holding up well in the lending segment. The chief executive officer said that the bank will see demand drop slightly as the economy weakens, but as the economy enters a recessionary period, BMO is in a strong position. It had strong loan growth in 2022. The Canadian bank group as a whole faces headwinds of elevated consumer leverage and stretched housing affordability.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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