On Friday the S&P 500 rose 0.2%and Toronto rose 0.4%. Most stocks on our list were up including Constellation Software, up 3.2%.
Agrium is added to the list above as a new stock pick rated Speculative Buy at CAN $98.05 and U.S. $91.89. I call it speculative because its earnings are cyclical as it products and major inputs are commodities and the earnings were recently declining. But it will likely continue to be a good investment in the long run. I find it interesting learn about the agricultural economy by studying this company. I plan to buy shares. I will not make a large investment because I want to see how its earnings progress in the next few quarters. It is expected that its earnings will decline in Q2 compared to last year and that could possibly lead to a share price decline when it reports those earnings although in theory that is already factored into the price.