Robert McWhirter, president of Selective Asset Management
Focus: Canadian dividend and small-cap stocks


MARKET OUTLOOK

While the U.S. market indexes are below their one-year highs, the broad market continues to quietly post new highs. Technical analyst Leon Tuey recently noted: “On Thursday, the Dow Advance-Decline Line, the NDX Advance-Decline Line, the SPX Advance-Decline Line and the S&P Mid Cap Advance-Decline Lines all closed at record highs.”

In support of the things-will-get-better camp, Jason Hunter, technical strategist at J.P. Morgan, recently noted that “… groups like semiconductors seem willing to look over the valley of poor fundamental/macro data and discount the potential impact policy response can have on that data in the future.” Hunter also expects PMI data to start improving in Q2.

U.S equity markets have rebounded significantly from their Dec. 24 lows. We expect North American equity market indexes will reach new highs in the coming 12 months.

TOP PICKS

ALIMENTATION COUCHE-TARD (ATDb.TO)

BADGER DAYLIGHTNING (BAD.TO)

OPEN TEXT (OTEX.TO)

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
ATDb Y N N
BAD Y N N
OTEX Y N N

 

PAST PICKS: MARCH 21, 2018

NORBORD (OSB.TO)

  • Then: $47.71
  • Now: $37.97
  • Return: -20%
  • Total return: -11%

EXCHANGE INCOME CORP (EIF.TO)

  • Then: $33.55
  • Now: $29.21
  • Return: -13%
  • Total return: -7%

METHANEX (MX.TO)

  • Then: $78.06
  • Now: $75.81
  • Return: -3%
  • Total return: -1%

Total return average: -6%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
OSB N N N
EIF N N N
MX N N N

 

FUND PROFILE

Canadian Dividend Strategy
Performance as of: Jan 31, 2019

  • 1 month: 1.5% fund, 8.7% index

INDEX: TSX.
Returns are net of fees and distributions

TOP 5 HOLDINGS AND WEIGHTINGS

  1. Aecon: 5.0%
  2. Rogers Communications: 4.8%
  3. Ritchie Brothers Auctioneers: 4.6%
  4. FirstService Corp: 4.3%
  5. Kirkland Lake Gold: 4.2%

WEBSITE: selectiveasset.com