Canadian and Global Foundation Watchlist

In June, I came across some DGI blogs and decided that I would start investigating which stocks I would like to have in my own portfolio. My initial short lists did not take sector allocation into consideration and were heavily skewed towards US stocks.

After doing more research I decided to make my own Canadian and Global Dividend Stock Foundation Watchlist. As my portfolio is just starting out, it is very important to have a good structure in terms of sectors and geographic allocation.

As mentioned in earlier posts, the CAD/USD rate is about where it was during the 2009 economic crisis at 77 cents per CAD. This makes it quite expensive to buy USD denominated stocks. Since I started my portfolio, I spent more time researching some quality options for CAD picks. With this foundation watchlist, I should have a lot less difficulty screening for a quality addition in either currency.

I will focus my next few buys on CAD stocks until the currency situation improves, even if it means passing up on a great opportunity to buy a USD foundation pick. Each month, these foundation stocks will be screened against sector competitors. The top sectors targeted are: Financials, Energy, Consumer Staples, Industrials and Health Care.

Here is my Canadian and Global Dividend Stock Foundation Watchlist!

Canada

Canadian Dividend Foundation Stocks 

Name Symbol Sector
Enbridge ENB Energy
Suncor Energy SU Energy
Royal Bank of Canada RY Financial
Toronto-Dominion Bank TD Financial
Bank of Nova Scotia BNS Financial
Alimentation Couche Tard ATD.B Consumer Staples
Loblaw Companies Limited L Consumer Staples
Canadian National Railway CNR Industrials
Canadian Pacific Railway CP Industrials

You’ll see that there are no Canadian picks included for the Health Care sector. There are many excellent choices in the Financial and Energy sectors so these will get more attention for the CAD geographic allocation.

USAUKGermanySwitzerland

Global Dividend Foundation Stocks

Name Symbol Sector
Exxon Mobil Corporation XOM Energy
Royal Dutch Shell RDS.B Energy
Wells Fargo & Co WFC Financial
HSBC Holdings plc HSBC Financial
The Coca-Cola Co KO Consumer Staples
Procter & Gamble Co PG Consumer Staples
Nestle SA NSRGY Consumer Staples
General Electric GE Industrials
Siemens AG SIEGY Industrials
Johnson & Johnson JNJ Health Care
Novartis AG NVS Health Care

It was very difficult to narrow down the watchlist choices for the Global Foundation Stocks. There are way too many great choices for each sector. In future months, these foundation picks will be screened against sector stocks competitors to see if any foundation stocks represent a good buying opportunity based on my selection criteria.

What do you think about these foundation stocks? Do you currently have some of these names on your watchlists or in your portfolios?

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6 thoughts on “Canadian and Global Foundation Watchlist

  1. Great list Dividend Niche. Any of those stocks would be amazing additions to a portfolio. I wish I had $50,000 lying around so I could invest in each one of the companies listed. Building lists like these are a huge benefit for you and your fellow readers as it allows your to find stocks that you will always go to when you aren’t sure where to invest your capital. If you can’t find a good value but have an itch to invest, then open up this article and fire away haha

    Bert

    Like

    1. Thank you Bert! I hope others find this list useful. I realize that it will several months until I have initiated positions in each of my top stock picks. It will be helpful to have this list handy when I’m unsure where to deploy capital. Keep up the great work at Dividend Diplomats. Cheers

      Like

  2. Have to agree with Bert. Something to consider: Tax implications. Both in the type of account and country (swiss stocks in particular). I just bought CMSQY (CPU.AU) – one worth considering since it appears the A$ is close to parity with the C$.

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    1. Indeed it is very important to understand the tax implications and the benefits of the different account types. I must admit I have not yet looked into Australian equities, but I will certainly take a closer look!

      Like

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