Roughly speaking, October is the start of a new period of seasonality. Here’s a look at two stocks and sectors entering their seasonal strength and two others that are leaving theirs (for now):<\/p>\n
Nutrien\u00a0<\/a><\/p>\n The potash giant is now in its seasonal phase, says Brooke Thackray<\/a>, who advises waiting until NTR-T rises from its current support level of $65 before stepping in. Bruce Campbell<\/a> of Campbell and Lee feels that once the stock gets moving, it will hit $80, though it may take time. He was disappointed that it recently scaled back production<\/a> due to a global slowdown in potash markets. Because commodities are price-takers, not price-makers, says Rob Connachie, who would stay away. Year-to-date, Nutrien has been volatile, bouncing between $59 and $75, though BMO upgraded it from market perform to outperform, and Bank of America<\/a> revised its call from underperform to neutral. Similarly, Christopher Blumas<\/a> urges buying Nutrien for its 3.5% dividend yield, 60\/40 split in production and distribution and its favourable 10x cash flow. He expects good earnings growth, a rising dividend and more share buybacks ahead.<\/p>\n iShares North American Tech-Software ETF\u00a0<\/a><\/p>\n As Nutrien enters seasonal strength, this ETF and the software sector are about to exit. Vialoux<\/a> pinpoints their seasonality between July 31-Nov.8. He heralds software as the new defensive stocks, given their subscription model, like Microsoft’s. MSFT-Q<\/a> is one of IGV’s major holdings along with Salesforce, Adobe and Oracle<\/a> (they comprise nearly 30% of this ETF). This year, IGV began its seasonal a month early. Since the first week of June, the ETF has more or less stayed above $209, where it currently sits. Vialoux<\/a> is a big fan of IGV, and Kim Bolton<\/a>, who specializes in tech stocks, also recommends it. You’re buying this for growth; year-to-date, IGV has run up nearly 22%. However, you’re buying it for the 0.12% yield while paying the 0.46% MER.<\/p>\n Cameco<\/a><\/p>\n Get into this now and get out by mid-January, advises Thackray<\/a>. This uranium producer has gone sideways since early-2016, but has leapt nearly 20% since August 15 to close on Sept. 27 at $12.69. Before the current run started, technical analyst Javed Mirza<\/a> considered CCO-T a trade, not a long-term hold. Bryden Teich<\/a> sees a lot of upside here, but pays a low dividend yield of 0.63%. Larry Berman<\/a> warns that the uranium sector remains haunted by the Fukushima<\/a> nuclear disaster of 2011, but CCO-T itself is still tradable.<\/p>\n iShares S&P\/TSX Global Gold<\/a><\/p>\n Gold bugs beware: the shiny rock is exiting seasonality in early-October. Thackray<\/a> has already shed 65% of his gold holdings and wants to sell more. That may sound crazy, since XGD-T has soared 33% year-to-date, boosted by investor fears about a global slowdown and trade tensions between the U.S. and China, but last week XGD fell a whole dollar to $15.09 on Sept.27. Similarly, Christine Poole<\/a> is bearish about gold and doesn’t own any of it. Neither does Richard Croft<\/a>, but he likes this ETF for its fixed costs. The good news here, notes Thackray<\/a>, is that gold re-enters seasonal strength in time for Chinese New Year in January.<\/p>\n![\"Nutrien\"](\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/09\/Nutrien-1-760x254.jpg\")
<\/p>\n![\"iShares](\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/09\/iShares-IGV-A-1-760x254.jpg\")
<\/p>\n![\"Cameco\"](\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/09\/Cameco-1-760x254.jpg\")
<\/p>\n![\"iShares](\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/09\/iShares-XGD-V-1-760x254.jpg\")
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