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Manulife Financial Corp T.MFC

Alternate Symbol(s):  MFC | MNQFF | T.MFC.PR.B | MNUFF | T.MFC.PR.C | T.MFC.PR.F | T.MFC.PR.I | T.MFC.PR.J | T.MFC.PR.K | T.MFC.PR.L | T.MFC.PR.M | MNLCF | T.MFC.PR.N | T.MFC.PR.P | T.MFC.PR.Q

Manulife Financial Corporation is a Canada-based international financial services provider. The Company provides financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Its segments include Wealth and asset management businesses, Insurance and annuity products, and Corporate and Other segment. Wealth and asset management businesses branded as Manulife Investment Management, provide investment advice and solutions to retirement, retail, and institutional clients. Insurance and annuity products include a variety of individual life insurance, individual and group long-term care insurance and guaranteed and partially guaranteed annuity products. Products are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. Corporate and Other segment comprise the investment performance of assets backing capital.


TSX:MFC - Post by User

Post by TrendCaster8w8won Nov 26, 2024 6:15am
68 Views
Post# 36330548

MFC.TO - Solid Play for the Long Term, But Watch the Fed Mov

MFC.TO - Solid Play for the Long Term, But Watch the Fed MovManulife ($MFC.TO) has been pretty solid lately, especially considering the volatile market conditions we’ve seen in the past year. The stock has been holding up well and paying a decent dividend (around 5%), which is a nice cushion if you’re in it for the long haul. I like their exposure to Asia — there’s real growth potential there, especially with the push into digital insurance products. But, and this is a big "but" for me, interest rates are something to keep an eye on. We all know the Bank of Canada and the Fed have been tightening, and while that can help insurers with their investment portfolios, market volatility is a killer when you have large equity exposure. I think Q4 earnings might show some strain in this area, especially if equity markets pull back further. If you're trading short-term, you definitely want to keep an eye on the earnings report and any hints about how rising rates are hitting their bottom line.The support around $24.50 is holding strong, but if we break that, we could see a dip towards $23, especially if we get a broader market pullback. Still, long-term, I think this is a winner — strong fundamentals, solid international growth, and a consistent dividend. Just make sure you’re managing your position size if you’re playing the shorter-term swings. Not a bad stock to add to the watchlist, but always be ready for those choppy moves.Also, I’ve been watching $BOLT closely. There's chatter that it might be set to soar, especially with some positive sentiment building around its tech partnerships and the potential for a big breakout. If you're looking for a high-risk, high-reward play, BOLT could be something to look into too.
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