3 Beaten-Down Dividend Stocks to Watch, and One to Buy Now

What companies are tomorrow's big winners? In our ongoing series, I'm chatting with Fool analysts and advisors to discover the stocks they're watching, and the catalysts that would signal it's time to buy. Today, Motley Fool Options advisor Jim Gillies shares four companies that he finds undervalued and nearly ready to make the leap to your portfolio from your watchlist. (For your convenience, you can now create your own version at MyWatchlist.com, your free customized hub to follow the performance and Fool coverage of the companies you care about.) Three banks to considerCanadian bankers aren't much fun to party with. They live with tighter regulations, and they're much more risk-averse than their neighbors to the south. Pretty dull. But that's just fine for Jim and the conservative, bedrock portion of his portfolio. Today, he's most interested in the big Canadian banks, specifically last year's laggards. The Bank of Nova Scotia (NYSE: BNS) is within spitting distance of its 52-week high, but it's a solid, well-run bank that has weathered the financial storm. The Bank of Montreal (NYSE: BMO) has also seen its share price rise, but not so much that it's not worth watching. And although Jim refers to Canadian Imperial Bank of Commerce (NYSE: CM) as "the bank most likely to walk into a sharp object," he also sees long-term value here.... Read more