On Monday, the 27th of May, 2024 ... the settlement for stock buy and sell transactions will change from 2 days to 1. In the US it will happen on Tuesday the 28th of May.
Probably in the future with the technology and more than likely AI added in, it will be same day settlements. I'm sure Day Traders welcome the change. Moving money in and out of the Markets faster.
For me, where I'll be in the long term monthly Build or Accumulation stage for some time to come and may always be, I like the faster settlement process as well.
June will be another busy month with several stocks on my hit list and I'll add a couple of stocks from my Watchlist such as Capital Power (CPX-T).
Energy and Pipelines are trendy this year so far and Suncor (SU-T) is in the middle of it plus SU owns gas stations Canada wide with fast charging for the EVs. There's recent news about new President, Rich Kruger joining in 2023 making a positive impact on the company. The stock price is up near 30% year to date with a 4% yield.
Pembina Pipelines (PPL-T) has an ex-dividend date of June 14th with a current yield of 5.36%. Holding me back from adding now is that the stock is overvalued currently but increased it's quarterly cash dividend so that's enticing. I'll check PPL when closer to June 14th.
TRP-T or TC Energy with it's focus on moving natural gas through it's pipelines and internationally such as shipping to Asia from it's new plant/port in BC has a Market Cap of 54 billion and a yield north of 7%. The pipeline is of interest in the last half of June to further buy.
Highly regulated and more environmental hurdles to build future pipelines will make it increasingly expensive plus all the red tape involved so it would make sense that exciting pipelines will become more valuable in the future.
A recent post I read got me interested in "Low Volatility" stock holdings within an ETF such as BMO's ZLB plus decent performance growth to boot. The top ten in holdings are all worthy being in my portfolio with Fortis (FTS-T) being the one I currently own. More on that in my next post where it's about stocks that don't tumble in price so much during the downward moves in the Markets and bounce back quicker depending on the sector.
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