Apr 9, 2019
Javed Mirza's Top Picks: April 9, 2019
BNN Bloomberg
Javed Mirza, technical analyst at Canaccord Genuity
Focus: Technical analysis
MARKET OUTLOOK
An intermediate-term uptrend is in place for most equity markets within a new four-year cycle. This is within the context of an ongoing secular bull market in equities.
This intermediate-term equity market rally should have upside into May/June, at which point the first intermediate-term corrective phase is likely to take hold.
We remain constructive on equities, favoring info tech, financials and cyclicals during the first upleg of this new four-year cycle.
TOP PICKS
CONSTELLATION SOFTWARE (CSU.TO)
TECK RESOURCES (TECKb.TO)
AIR CANADA (AC.TO)
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
CSU | N | N | Y |
TECKb | N | N | Y |
AC | N | N | Y |
PAST PICKS: FEB. 21, 2019
LUNDIN MINING (LUN.TO)
- Then: $6.65
- Now: $6.60
- Return: -1%
- Total return: -0.3%
ENCANA (ECA.TO)
- Then: $9.10
- Now: $9.37
- Return: 3%
- Total return: 3%
CONSTELLATION SOFTWARE (CSU.TO)
- Then: $1,159.97
- Now: $1,168.84
- Return: 1%
- Total return: 3%
Total return average: 2%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
LUN | N | N | Y |
ECA | N | N | N |
CSU | N | N | Y |
FUND PROFILE
Canadian Focused Equity Portfolio
Performance as of: April 8, 2019
- 1 month: 3.1% fund, 2.9% index
- 1 year: 10.4% fund, 11.3% index
- Since Inception (Jan. 26, 2018): 6.5% fund, 4.9% index
INDEX: TSX Composite.
Returns are net of fees, distributions and annualized.
TOP 5 WEIGHTINGS AND HOLDINGS
- Royal Bank of Canada: 8%
- TD Bank: 7%
- Suncor Energy: 5%
- Enbridge: 5%
- CN Rail: 4%
WEBSITE: cgf.com