Javed Mirza
Quantitative/Technical Strategist at Raymond James
Member since: Aug '18 · 659 Opinions
Rating Card
Premium content| All | 
Rating
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Big Win
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Win
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Neutral
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Loss
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Big Loss
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|---|---|---|---|---|---|---|---|
| 3.68 | 80 29.85% | 62 23.13% | 41 15.30% | 50 18.66% | 35 13.06% | ||
| 1 Month | 3.34 | 1 1.45% | 19 27.54% | 29 42.03% | 19 27.54% | 1 1.45% | |
| 6 Months | 3.65 | 14 22.58% | 18 29.03% | 7 11.29% | 11 17.74% | 12 19.35% | |
| 12 Months | 3.65 | 19 34.55% | 12 21.82% | 2 3.64% | 13 23.64% | 9 16.36% | |
| 2 Years | 3.96 | 26 53.06% | 9 18.37% | 3 6.12% | 4 8.16% | 7 14.29% | |
| 5 Years | 3.82 | 20 60.61% | 4 12.12% | 0 0.00% | 3 9.09% | 6 18.18% |
Stock Opinions by Javed Mirza
Typically, people go on holiday in August; seasonality is poor in August; and September is the weakest month of the year. Indices have been making record highs and sentiment is tilting to bullish, so he's starting to get cautious. Doesn't know why September is the worst, but it's the only month with a negative return. At the start of this year, he was cautious, sensing that we're near the end of the economic cycle that began in Oct. 2022. Every 3-5 years there's a big 15-20% correction (usually 5-7% corrections), but the correction between Feb.-Apr. was quick. At May's end, he saw a near 4-year cycle begin. Once the Dow hits a new high, trading will be sideways before there's a correction, which will be a great opportunity to buy.
Has broken to new highs, along with its peers, but volumes have been declining recently. This is set up for a correction after this big run, so wait for that correction. He's very bullish on Canada for the next few years (Ottawa will spend on infrastructure). As for US, that is forcing Canada to look at Europe and China for more trade, such as natural gas. We're looking globally now, and not only to the south.
Yes, a good idea, given U.S. policies now which will debase the US currency. Also BRICS is helping the shift towards a gold standard, which will be positive for the Canadian dollar. Likes the CAD going forward very much. The USD will bounce the next 6-8 weeks, but the USD will remain in am overall downtrend. Since 2022, we're seeing lower highs and lower lows after an uptrend from 2020-2022. We saw a similar pattern in 2000 when the CAD was worth 62 cents then rose to around 2000 went the CAD was over par the USD. He sees a stronger CAD vs. the USD.
Same as Metro a year ago, when it was poised to break out, and he wanted exposure to defensives and dividends. Price momentum was improving a year ago. A long-term hold. Is down 10% this year as portfolio manager sell defence to buy offence. This is now attractive.
The chart shows a downtrend, being a laggard, but lately is starting to catch up. You can nibble at here. If we're starting a new economic cycle now, it will be positive for CJT and the economy. Expect weakness in a pullback coming. Play the long game and start adding to this now, but gradually.
Same comments as Cargojet: Chart shows a downtrend, being a laggard, but lately is starting to catch up. You can nibble at here. If we're starting a new economic cycle now, it will be positive for CJT and the economy. Expect weakness in a pullback coming. Play the long game and start adding to this now, but gradually.
