BNN Market Call Tonight – November 2, 2018 – Top Picks

TRANSCANADA (TRP.TO
Last bought at $50.99.

TransCanada mostly operates natural gas pipelines in North America and Mexico. It plans to add $10 billion of new projects in 2019 and another $26 billion by 2020. If their Keystone XL project gets approved, the shares should recover from the discount they currently trade. The firm expects dividend growth to continue in the 8 to 10 per cent range for the foreseeable future. Its current dividend yield is an attractive 5.42 per cent.

UNILEVER NV (UN.N)
Last bought at US$53.88.

Unilever is a global consumer products company with three main divisions: food and beverages, cleaning agents and personal care. Global market volumes have remained robust in aggregate, up around 1 per cent. There are some significant bright spots:  Market growth in India and China remains strong, while e-commerce continues to be the key growth driver. In aggregate, underlying sales grew by 3.8 per cent in the third quarter, with volumes up by 2.4 per cent. In the emerging markets, growth accelerated to 5.6 per cent and we’ve maintained good volume growth at 3.4 per cent, which is very encouraging. Its current yield is 3.15 per cent and the dividend has historically grown by 10 per cent annually.

BECTON DICKINSON (BDX.N)
Last bought at US$234.16.

Becton Dickinson is a medical technology company that makes and sells medical devices, instrument systems and reagents. Its 2017 acquisition of C.R. Bard combined two strong free cash flow generating companies and added urology products to the Becton sales line. The company also makes disposable products, such as syringes and vials for blood tests. The stock yields 1.28 per cent, but the dividend has consistently grown 10 per cent annually.

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TRP                                 Y                            Y                          Y

UN                                  Y                            Y                          Y

BDX                                 Y                            Y                          Y