Stocks are at record highs — but today’s Pro Picks we get three stocks from Craig White, Senior Wealth Advisor and Portfolio Manager at Plena Wealth which is part of Raymond James, that investors can buy on the dips.
Pro Picks is brought to you by ATB Financial. With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. ATB’s Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit www.ATB.com/inthemoney for more information.
1. Nike (NKE)
- Brand reset in motion: Nike is refocusing on its core franchises (Jordan, Serena, Ronaldo) under a new “Move Now” strategy after years of inventory bloat and distribution missteps.
- Early signs of turnaround: The most recent quarter showed year-over-year earnings improvement for the first time in years — a potential inflection point.
- Massive upside potential: White views Nike as a “turnaround play” with potential to recover toward $100–$160 if consumer demand stabilizes and execution improves
2. Intact Financial (IFC-TSX)
- Consistent compounding: Intact has delivered mid- to high-single-digit growth in its core Canadian property & casualty business for over a decade.
- Best-in-class management: White calls it a “global leader” with a long record of disciplined underwriting and strong returns.
- Short-term weakness, long-term strength: Shares have slid ~20% since summer, largely due to soft U.K. results and cautious guidance — which he sees as a buying opportunity for patient investors.
3. Tourmaline Oil (TOU-TSX)
- Canada’s natural gas champion: Tourmaline is the largest producer of natural gas in Canada and among the top midstream operators.
- Management you can trust: White calls CEO Mike Rose’s team “best in class” for disciplined acquisitions and capital allocation.
- AI and electrification tailwinds: Rising demand for power (and thus natural gas) from AI data centers and electrification could materially boost cash flow.
- Shareholder rewards: Strong free cash flow supports both a regular dividend and special payouts.
Don’t miss our next episode!
