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MarketFoolery

Canadian Banks: Time To Buy?

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 26 January 2016

⏱️ 17 minutes

🧾️ Download transcript

Summary

3M and Johnson & Johnson push the Dow higher. Coach posts rising sales for the first time in in 2 ½ years. Plus we dip into the Fool Mailbag to discuss whether Canadian bank stocks are a value play or a value trap.

Transcript

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0:00.0

It's Tuesday, January 26th, to welcome the market foolery.

0:05.0

I'm Chris Hill joining me in studio today from Stock Advisor Canada and Pro Canada.

0:10.0

Just flat out from Canada, it's Jim Gillies and Ian Butler.

0:13.0

Thanks for being here guys. Thanks for making the trip.

0:15.0

Thank you. Thanks for having us.

0:16.0

You were supposed to be here when Sunday you're supposed to fly on Sunday

0:20.0

and you might have heard we had a little bit of snow.

0:22.0

I can look outside and see you had a little bit of snow. I can look outside and see you had a little bit of snow.

0:25.0

Well, thanks for... Looks like home.

0:27.0

Yeah, I was going to say, for you guys, not a problem.

0:30.0

Around here, the city's shut down.

0:32.0

It's quaint the way the whole place shuts down.

0:33.9

It is quaint.

0:35.8

We've got some Dow stocks that are pushing the Dow up higher.

0:40.2

We're going to get to the earnings from Coach

0:42.0

where you're going to dip into the full mailbag.

0:44.5

Let's start with 3M. Big day for 3M. Fourth quarter profits coming in about 10% higher than expected.

0:51.0

Revenue was up.

0:53.0

Jim, this has not been a great year for shares of 3M,

0:58.0

but in terms of just movement in a single day,

1:01.0

this is the biggest day this stock has had in about five years.

1:03.2

I think going back to 2011, yeah.

...

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