Gordon Higgins is vice-president, equities, at Sentry Select Capital. Today we look at the Sentry Select Balanced Fund.
Globe 5-star rating
Alcan Inc. (com.)3.88%
Alcan Inc. (pref.)3.48%
Dundee Wealth (pref.)2.47%
BCE (BCE-TSX) $40.55
With expected volatility to continue in the market, Mr. Higgins likes the 14-per-cent annualized return that BCE offers.
CIBC (CM-TSX) $95.83
Mr. Higgins is looking for Canadian Imperial Bank of Commerce to continue beating earnings expectations and posting strong growth.
Genesis Leasing (GLS-NYSE) $22.92
Recently beaten up in the market, Genesis is leasing planes as fast as they are made available and offers a 9-per-cent yield.
PAST PICKS: OCT. 12, 2006
Then: $31.81 Now: $40.55
CP Rail (CP-TSX)
Then: $58.29 Now: $71.25
Then: $37.41 Now: $49.95
Mr. Higgins expects equity markets to remain volatile over the next few months and says "there are many companies trading at attractive valuations; this turmoil presents an opportunity." He believes the market will continue to be supported by earnings, which he says will continue to rise over the next year.
Maureen Darrigo, BNN
BNN-Business News Network presents Market Call live Monday to Friday at 12:30 p.m. ET/9:30 a.m. PT. To send a question to upcoming guests, e-mail firstname.lastname@example.org.
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