Feb 15, 2019
Robert McWhirter's Top Picks: Feb. 15, 2019
BNN Bloomberg
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
- Aecon: 5.0%
- Rogers Communications: 4.8%
- Ritchie Brothers Auctioneers: 4.6%
- FirstService Corp: 4.3%
- Kirkland Lake Gold: 4.2%
WEBSITE: selectiveasset.com