Power Corp of Canada (OTC:PWCDF) Stock, Quote.Headers.trade-ideas

Power Corp of Canada

Power Corporation of Canada is a holding company with controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset-management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert (a holding company with interests in European companies) and ChinaAMC (an asset manager in China).

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POWER CORP CANADA by Power Corp. of Canada

Power Corporation of Canada

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>If you play your cards well and have a good head on your shoulders, retiring wealthy should not be a problem for you. Now, many folks are behind on their retirement plans these days due to inflation and their mortgage payments costing a fortune. So, now is a great time to start cutting costs, and putting more capital to work in the stock market, when possible. Indeed, now&rsquo;s as good a time as any to start.</p>



<p>Of course, the three &ldquo;must-buy stocks&rdquo; I will be covering today are not meant to constitute an entire portfolio on their own. But I think these stocks could boost your retirement portfolio significantly in the coming years, and they nicely accommodate a range of risk profiles. The first stock is more growth-focused, and the other two should give you more than enough income to reinvest and compound for decades to come.</p>



<p>Here are the three must-buy stocks I think investors should be focusing on now.</p>



<h2>ACM Research (ACMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div><p><strong>ACM Research</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/acmr-stock-quote/"><strong>ACMR</strong></a>) makes wafer processing equipment for the semiconductor industry. I believe ACMR is a solid way to gain semiconductor exposure with less downside risk compared to many of its peers.</p>



<p>The company&rsquo;s <a href="https://ca.finance.yahoo.com/news/acm-research-inc-acmr-q1-070434214.html" target="_blank">revenue surged 105% year-over-year to $152.2 million</a> in Q1, driven by 199% growth in its flagship single-wafer cleaning products like SAPS and TEBO. I&rsquo;m particularly excited about ACM&rsquo;s recent technical progress with its high-temperature SPM tool, which management believes will allow the company to gain share in a segment representing 25%-30% of the total cleaning market.</p>



<p>With Tahoe tools also beginning to ramp at multiple customers, cleaning revenue should continue its robust trajectory. Despite this impressive growth, ACMR stock trades at just 12-times forward earnings. That&rsquo;s a bargain valuation for a company <a href="https://seekingalpha.com/symbol/ACMR/earnings/estimates" target="_blank">projected to double sales within four years</a>. Notably, <em>GuruFocus&rsquo;</em> DCF model also shows long-term compounding potential.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-05t174755.900.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-05t174755.900.png" alt="Must-Buy Stocks: GuruFocus ACMR price chart"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>While it&rsquo;s not the flashiest growth story, ACMR&rsquo;s discounted multiple makes it a well-rounded semiconductor play for retirement portfolios seeking steady compounding over time.</p>



<h2>Goldman Sachs BDC (GSBD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/quant-finance-growth-300x169.png" alt="Stacks of coins with trading graph, quantitative finance investment concept"><div>Source: Tendo / Shutterstock</div></div><p><strong>Goldman Sachs BDC</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gsbd-stock-quote/"><strong>GSBD</strong></a>) provides financing to middle-market companies. The stock has declined recently, but appears to have bottomed out and is now steadily appreciating. I believe GSBD is a solid pick for any retirement dividend portfolio, with the biggest draw being its mouthwatering 12% dividend yield. These dividends have been very stable, and such a yield is hard to find in this market.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-05t174943.586.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-05t174943.586.png" alt="GSBD dividends"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>In Q1, GSBD delivered solid results with a <a href="https://www.businesswire.com/news/home/20240507755397/en/Goldman-Sachs-BDC-Inc.-Reports-March-31-2024-Financial-Results-and-Announces-Quarterly-Dividend-of-0.45-Per-Share" target="_blank">net investment income of 55 cents per share</a>, exceeding its quarterly dividend of 45 cents. While the company&rsquo;s net asset value dipped slightly to $14.55, I&rsquo;m not overly concerned. That&rsquo;s because 96.5% of the company&rsquo;s portfolio is in first-lien loans. This positioning at the top of the capital structure provides solid downside protection.</p>



<p>The company also has $1.2 trillion of private equity dry powder that should fuel a resurgence in sponsor M&amp;A activity. GSBD is poised to capitalize on its strong ties to <strong>Goldman Sachs&rsquo;</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gs-stock-quote/"><strong>GS</strong></a>) investment banking franchise. We&rsquo;re already seeing encouraging signs, with Q1 M&amp;A volumes up 34% year-over-year. In my view, this is definitely a must-buy <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stock</a> for any retirement portfolio.</p>



<h2>Power Corporation of Canada (PWCDF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/portfolio1600-300x169.jpg" alt="a bag of money and several different asset classes in the form of blocks balancing on a scale stocks to buy"><div>Source: William Potter/Shutterstock </div></div><p><strong>Power Corporation of Canada</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pwcdf-stock-quote/"><strong>PWCDF</strong></a>) is a diversified international management and holding company. I&rsquo;m feeling optimistic about the momentum Power Corp. has across its businesses right now. The company reported strong Q1 earnings, with <a href="https://www.marketscreener.com/quote/stock/POWER-CORPORATION-OF-CANA-1411305/news/Power-Corporation-Brief-Q1-Adjusted-net-earnings-from-continuing-operations-727-million-or-1-12-p-46670753/" target="_blank">adjusted net earnings from continuing operations of $727 million</a>, up substantially from $588 million a year ago. On a per-share basis, adjusted earnings per share also surged to $1.12 from 88 cents.</p>



<p>Two of Power Corp&rsquo;s key holdings, Great-West Lifeco and IGM Financial, are firing on all cylinders and driving the bulk of this earnings growth. With the recent Prudential integration at Great-West&rsquo;s Empower division now complete, and fundraising activity humming along at Power Corp&rsquo;s alternative asset platforms, I expect this earnings momentum to persist. Plus, the company&rsquo;s dividend growth has been solid over the long-term.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-05t175117.339.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-2024-06-05t175117.339.png" alt="Power Corporation of Canada dividends"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>With a 5.52% dividend yield, Power Corp looks like a compelling dividend play with solid upside potential as its underlying holdings continue to grow. For investors seeking a blue-chip stock to buy and hold until retirement, Power Corp seems like one of the must-buy stocks that is likely to compound steadily in the years ahead.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/3-must-buy-stocks-if-you-want-to-retire-rich/">3 Must-Buy Stocks if You Want to Retire Rich</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Must-Buy Stocks if You Want to Retire Rich

Power Corp of Canada (TSE:POW) has released an update. Power Corporation of Canada is set to release its Q2 2024 financial results on August 8, fol...

Power Corporation Announces Upcoming Q2 Results

Power Corporation of Canada: A Diversified Financial Powerhouse With Strong Growth, Income Potential

In a report released today, John Aiken from Jefferies maintained a Buy rating on Power Corp of Canada (POW – Research Report), with a price target ...

Jefferies Reaffirms Their Buy Rating on Power Corp of Canada (POW)

Analyst Tom Mackinnon of BMO Capital assigned a Hold rating on Power Corp of Canada (POW – Research Report), retaining the price target of C$42.00....

Power Corp of Canada: Balanced Prospects and Steady Valuation Justify Hold Rating

Power Corp of Canada (TSE:POW) has released an update. Power Corporation of Canada has announced increased net earnings for Q2 2024, with $730 mill...

Power Corp Reports Strong Q2 2024 Earnings Growth

CIBC analyst Nik Priebe maintained a Hold rating on Power Corp of Canada (POW – Research Report) today and set a price target of C$40.00. The compa...

CIBC Reaffirms Their Hold Rating on Power Corp of Canada (POW)

Power Corporation of Canada (PWCDF) Q2 2024 Earnings Call Transcript

Power Corporation of Canada 2024 Q2 - Results - Earnings Call Presentation

In a report released on August 9, Geoffrey Kwan from RBC Capital maintained a Buy rating on Power Corp of Canada (POW – Research Report), with a pr...

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Power Corp of Canada

Power Corp of Canada (PWCDF) Forecast

Power Corp of Canada (OTC:PWCDF) Stock, Quote.Headers.trade-ideas