Javed Mirza, technical analyst at Canaccord Genuity
Focus: Technical analysis


MARKET OUTLOOK

North American equity indexes are short-term overbought, which suggests a near-term pullback is likely. Given our view that a new four-year cycle is underway, near-term weakness is a buying opportunity. In our view, a choppy trading range is likely to develop into March as indexes appear poised to form the right shoulder of a bullish reverse head-and-shoulders pattern. The pattern should set up a move to new all-time highs on most North American equity index later this year.

Commercial hedgers, also known as the “smart money,” are at levels that historically support an intermediate-term (three to six months) rally on WTI Crude and copper. This intermediate-term rally is likely to be a tailwind for oil-related energy stocks and copper stocks and should have legs into May.

TOP PICKS

Javed Mirza's Top Picks

Javed Mirza, technical analyst at Canaccord Genuity, shares his top picks: Constellation Software, Lundin Mining and Encana.

CONSTELLATION SOFTWARE (CSU.TO)

LUNDIN MINING (LUN.TO)

ENCANA (ECA.TO)

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
CSU N N Y
LUN N N Y
ECA N N Y

 

PAST PICKS: AUG. 21, 2018

Javed Mirza's Past Picks

Javed Mirza, technical analyst at Canaccord Genuity, reviews his past picks: CGI Group, TD Bank and Constellation Software.

 CGI (GIBa.TO)

  • Then: $84.91
  • Now: $87.80
  • Return: 3%
  • Total return: 3%

TD BANK (TD.TO)

  • Then: $78.66
  • Now: $76.30
  • Return: -3%
  • Total return: -1%

CONSTELLATION SOFTWARE (CSU.TO)

  • Then: $920.00
  • Now: $1,156.62
  • Return: 26%
  • Total return: 26%

Total return average: 9%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
GIBa N N Y
TD N N Y
CSU N N Y

 

FUND PROFILE

CG Focused Equity Portfolio
Performance as of: Jan. 31, 2019

  • 1 month: 3.7% fund, 4.4% index
  • 1 year: 7.2% fund, 6.4% index

INDEX: TSX.
Returns are net of fees and distributions.

TOP 5 HOLDINGS AND WEIGHTINGS

  1. Royal Bank: 8.0%
  2. TD Bank: 7.0%
  3. Suncor Energy: 6.0%
  4. CIBC: 4.0%
  5. Magna International: 4.0%

WEBSITE: cgf.com