Opinions
The Panic-Proof Portfolio (Stockchase Research)
Horizons U.S. Dollar Currency ETF
DLR-T
TOP PICK
Oct 17, 2023
Stock price when the opinion was issued
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In periods of market uncertainty, holding US dollars is a good strategy if there is a market run to safety. This low fee ETF is a good way to buy some protection. We would set a stop loss at $13.25, looking to achieve an initial upside target of $16 -- upside potential of 14%. Yield 0.89%
We reiterate this US dollar ETF as a good defensive strategy. If there is a market run to safety, this low fee ETF is a good way to buy some protection. We continue to recommend a stop-loss at $13.25, looking to achieve an initial upside target of $16 -- upside potential of 18%. Yield 1.7%
We reiterate DLR as a TOP PICK. This ETF holds high interest savings and short-term t-bills in USD converted to CAD. It is a good holding to hedge USD exposures with a low MER. We recommend trailing up the stop (from $13.25) to $14.00 -- looking to achieve $17.50 -- upside potential of 16%. Yield 3.3%
Maybe after the Canadian election or a new trade deal, 1-3 quarters. Will be lots of volatility and the CAD could weaken. The CAD is grossly undervalued and should be trading at $1.20. Hedge in the next 2-5 years.