Four host analysts from BMO’s 15th Annual Farm to Market Conference explore their takeaways related to the food and agriculture value chain, which they gleaned from presentations, moderated panels, and meetings during the event. This year, the conference was held in a virtual setting, and similar to prior years, it was highlighted by discussions with and presentations by senior executives from more than 100 leading companies across the fertilizer, seed/chemical, agribusiness, protein, packaged f...
Jun 09, 2020•23 min
Software analyst Keith Bachman and Semiconductors analyst Ambrish Srivastava discuss what drives longer-term valuations under their respective coverage. While there are common themes such as free cash flow growth in both sectors, there are certain specific factors as well. Overall, both analysts show how their respective frameworks help shape their longer-term thinking, as well as react tactically when they see a meaningful dislocation occur, as it did earlier in the year. To access our full dis...
Jun 05, 2020•15 min
This week's special podcast is the tenth in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on May 26, 2020, at 11:00 a.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts Michael Gregory, CFA, Deputy Chief Economist, and George Farmer, Ph.D., Biotechnology Analyst; as well as Dr. John Whyte, MD ...
May 27, 2020•23 min
In this episode, Canadian Real Estate analyst Troy MacLean focuses on the long-term implications of the COVID-19 pandemic for the Canadian seniors housing sector. He discusses how the pandemic affects the LTC and retirement home markets differently. He also discusses how demand for seniors housing is impacted by the housing market, and what regulatory changes are likely in response to the pandemic. To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public...
May 22, 2020•13 min
This week's special podcast is the ninth in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on May 19, 2020, at 11:00 a.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts Michael Gregory, CFA, Deputy Chief Economist, and Ben Jeffrey, US Rates Strategist; as well as Dr. John Whyte, MD and Chief M...
May 20, 2020•20 min
This week's special podcast is the eighth in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on May 11, 2020, at 11:00 a.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts Michael Gregory, CFA, Deputy Chief Economist, and Janelle E. Woodward, CFA, Head of Fixed Income, BMO Global Asset Managemen...
May 12, 2020•18 min
Equity research analysts Sohrab Movahedi, Devin Dodge, and Ben Pham discuss Brookfield Asset Management and its related entities - Brookfield Infrastructure Partners, Brookfield Renewable Partners (Restricted), and Brookfield Business Partners - in a COVID-19 world. Their conclusion is that the Brookfield complex looks to be well positioned to take advantage of investment opportunities arising from the dislocations brought about by the coronavirus pandemic thanks in large part to strong liquidit...
May 08, 2020•23 min
This week's special podcast is the seventh in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on April 27, 2020, at 12:00 p.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts Michael Gregory, CFA, Deputy Chief Economist; George Farmer, Ph.D., Biotechnology Analyst; and Margaret Kerins, CFA, Head...
Apr 28, 2020•33 min
Business & Industrial Services analyst Jeff Silber and Industrial Products analyst Devin Dodge discuss the impact from COVID-19 on the waste services sector. Though not immune to the current market challenges, solid waste businesses are well positioned to navigate the slowdown and have better visibility into near-term earnings and cash flow than nearly all other industrial companies. Specialized waste companies should also fare reasonably well, but are less insulated to evolving economic con...
Apr 24, 2020•28 min
This week's special podcast is the sixth in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on April 20, 2020, at 12:00 p.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts Michael Gregory, CFA, Deputy Chief Economist, and Steven Bell, Portfolio Manager & Chief Economist, Multi Asset Solutio...
Apr 21, 2020•19 min
This week's special podcast is the fifth in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on April 14, 2020, at 10:00 a.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts Michael Gregory, CFA, Deputy Chief Economist, and Jon Hill, CFA, Vice President, U.S. Rates Strategy; as well as Dr. John W...
Apr 14, 2020•16 min
Financial Services analysts Tom MacKinnon and Sohrab Movahedi compare the financial positioning of banks and lifecos amid the current coronavirus pandemic to the recent global financial crisis. While their downside scenario analyses suggest earnings will be down materially in 2020, they believe the balance sheet strength/quality and business diversification of the banks and lifecos should help them weather the pandemic storm. Tom and Sohrab also discuss some of the potential credit implications ...
Apr 09, 2020•23 min
This week's special podcast is the fourth in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on April 6, 2020, at 12:00 p.m. ET, moderated by BMO Capital Markets Chief Investment Strategist Brian Belski, along with BMO experts George Farmer, Ph.D., Biotechnology Analyst, and Michael Gregory, CFA, Deputy Chief Economist; as well as Dr. John Whyte, M...
Apr 07, 2020•35 min
As the number of confirmed coronavirus cases and deaths due to COVID-19 jumps across North America, there is reason to believe the rate of increase in fatalities is slowing, Dr. John Whyte, Chief Medical Officer for WebMD, told a BMO Capital Markets conference call this week. This week's special podcast is the third in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call...
Mar 31, 2020•24 min
Brian G. Belski, Chief Investment Strategist. There is no denying that a cyclical bear market has begun. Only two primary questions remain: duration and depth of the pain. At this point, another 10-20% downside is not out of the question, especially considering the growing number of disparaging forecasts and the crisis in confidence of governments. As such, we caution investors against seeking support levels, fiscal or monetary policies let alone symbolic events or gestures (e.g., corporate buyo...
Mar 27, 2020•30 min
This week's special podcast is the second in a series highlighting insights on coronavirus (COVID-19 virus) with Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on March 23, 2020 at 12:00 p.m. ET, moderated by BMO Chief Investment Strategist Brian Belski, along with BMO experts Margaret Kerins, CFA, Head of FICC Macro Strategy; and Michael Gregory, CFA, Deputy Chief Economist; as well as Dr. John Whyte, MD and Chie...
Mar 24, 2020•21 min
This week’s special podcast highlights insights on coronavirus (COVID-19 virus) shared by Dr. John Whyte, MD and Chief Medical Officer of WebMD. This is an excerpt from an institutional conference call originally hosted on March 16, 2020 at 2:00 p.m. ET, moderated by BMO Chief Investment Strategist Brian Belski, along with BMO experts Doug Porter, Chief Economist BMO Financial Group; Michael Stritch, CFA, Chief Investment Officer BMO Wealth Management – US; and Ian Lyngen, CFA, Head of U.S. Rate...
Mar 17, 2020•18 min
Brian G. Belski, Chief Investment Strategist. There is no denying that headlines, fear and rhetoric surrounding the coronavirus (COVID-19 virus) have become the primary driver of investment performance the past several weeks. While the duration and volume of COVID-19 virus-related news is yet to be determined, we continue to counsel investors to control what they can control. Investors should be mindful that perspective matters, to remain poised and patient in their decision making, and to trust...
Mar 13, 2020•16 min
Jenny Ma, Canadian Real Estate Analyst, and Gaurav Mathur, Real Estate/REITs Special Projects Analyst. Development and intensification activities have become increasingly important for Canadian retail REITs as they look for new avenues to drive growth amid ongoing challenges facing bricks-and-mortar retail. Development is a relatively new component of REIT strategies, however, with a number of projects at or near completion, combined with improved disclosures on individual projects, costs, and r...
Feb 28, 2020•15 min
Fadi Chamoun, Transportation Analyst & John Stephenson, Special Projects Contributor. Rising e-commerce volumes are increasingly becoming the dominant share of small package delivery volumes, pressuring operating margins and ROICs for related companies. The biggest driver of profitability for the industry is drop density, which is significantly lower for residential deliveries than for business deliveries, and we see no reasonable path toward improving B2C (business-to-consumer) drop density...
Feb 13, 2020•10 min
