CIBC’s chief market technician shares his latest Top 10 momentum driven stock ideas

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 64 sec. here
  • 50 min. at publisher
  • 📊 Quality Score:
  • News: 193%
  • Publisher: 92%

Canadian News 뉴스

Canada News,Breaking News Video,Canadian Breaking News

Sid Mokhtari’s disciplined stock selection process has produced strong returns this year

On Wednesday, stocks experienced an impressive post-U.S. election pop. In the U.S., the Dow Jones Industrial Average, S&P 500 Index and Nasdaq Composite all rallied to record levels. The S&P/TSX Composite Index ended the day less than 1 per cent away from a record close.

On Tuesday, The Globe and Mail spoke with Mr. Mokhtari and discussed his current basket of momentum driven stocks. Another one is Sun Life that has a good backing from an interest rate perspective, has a good backing on a fundamental basis. They have their Investor Day that is coming up. It has the right technical backdrop as well as fundamental backdrop.) that are showing very strong relative strength and absolute price momentum. GFL Environmental is a smaller cap company that does have some positive catalysts from a fundamental perspective and that’s another good name.

Looking at your 30-year average returns for the month of November, 10 of the 11 sectors have positive returns. The only sector with a negative average return during the month is energy, which declined 1.7% on average. What type of returns might investors see in November and are you expecting to see a broad rally with many sectors participating? Can you make any predictions based on your screening?

Throughout the past call it two years, we’ve seen nothing but persistent downside pressure against 72 cents on the lower band, and every rally attempt to the topside has been truncated at a lower high. So, it is forming what is typically an element of more downside pressure.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 5. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

CIBC’s chief market technician on how much higher the TSX will climb over the next few months (and the 10 stocks to buy right now)Sid Mokhtari discusses his stock market outlook along with potential buying opportunities
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Netflix stock surges after earnings, subscriber growth top estimatesNetflix stock is rising after the streaming giant beat third quarter EPS and revenue estimates. Here's what to know.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Market Factors: Top performing TSX sector has more room to runPlus, Citi’s top U.S. stock picks for this muddled market backdrop
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Canadian oil stocks set for 'unapologetically bullish' Q3 earnings: AnalystsSuncor Energy, MEG Energy, and Cenovus Energy are among the top stock picks.
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »