Javed Mirza, technical analyst at Canaccord Genuity
Focus: Technical analysis
MARKET OUTLOOK
An intermediate-term (one to two months) corrective phase is taking hold in equity markets. In our view, this corrective phase is healthy and will help to work off the overbought conditions that have taken hold after the sharp rally since December.
This corrective phase should be the springboard for a rally to new highs into the third or fourth this year.
TOP PICKS
SHOPIFY (SHOP.TO)
B2GOLD (BTO.TO)
KIRKLAND LAKE GOLD (KL.TO)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| SHOP | N | N | Y |
| BTO | N | N | N |
| KL | N | N | Y |
PAST PICKS: APRIL 9, 2019
CONSTELLATION SOFTWARE (CSU.TO)
- Then: $1,165.98
- Now: $1,174.78
- Return: 1%
- Total return: 1%
TECK RESOURCES (TECKb.TO)
- Then: $32.23
- Now: $28.35
- Return: -12%
- Total return: -12%
AIR CANADA (AC.TO)
- Then: $32.32
- Now: $38.88
- Return: 20%
- Total return: 20%
Total return average: 3%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| CSU | N | N | Y |
| TECKb | N | N | Y |
| AC | N | N | Y |
FUND PROFILE
CG Focused Equity Portfolio
Performance as of: May 14, 2019
- 1 month: 0.6% fund, -1.0% index
- 1 year: 4.9% fund, 4.5% index
- Inception (January 26, 2018): 7.8% fund, 4.4% index
INDEX: TSX.
Returns are based on reinvested dividends, net of fees and annualized.
TOP 5 HOLDINGS
- Royal Bank: 8%
- TD Bank: 7%
- Suncor Energy: 5%
- Enbridge: 5%
- CN Rail: 4%
WEBSITE: https://www.canaccordgenuity.com/capital-markets/what-we-do/research--strategy/
TWITTER: @canaccorgenuity
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