Today, Javed Mirza commented about whether WFG-T, GEI-T, PKI-T, WELL-T, BABA-N, XGD-T, GDX-N, U-N, T-T, RCI.B-T, BCE-T, RY-T, BNS-T, SMCI-Q, PIF-T, BLX-T, INE-T, TOY-T, LNR-T, CTC.A-T, TECK.B-T, FNV-T, NA-T, IVN-T, CAE-T, ATZ-T, MFC-T, CCO-T, RY-T, NA-T, TD-T, CCL-N, ADBE-Q, BDGI-T, NVDA-Q, MGK-N are stocks to buy or sell.
Really likes energy here. Next 2 months are a bit choppy, especially with WTI crude swinging quite a bit. However, January-April is a really strong seasonal period for energy. So he doesn't mind adding across the board, and make sure to stay through the choppy period. See his Top Picks.
If he's correct as to where we are in the cycle with rotation out of Phase 2 (industrials, basic materials, and info tech), Phase 3 typically sees resources lead. More importantly, we start to see energy come into the picture. When energy comes into the picture, inflation starts to rear its ugly head again.
Remains in a downtrend, and we're seeing it in all telcos. Function of debt load and higher interest rates. Will especially come under pressure if rates go higher next year. Typically, these names clear off some debt and come through the tough period stronger and better than ever. But right now, it's a challenging time. Likely more downside.
Remains in a downtrend, and we're seeing it in all telcos. Function of debt load and higher interest rates. Will especially come under pressure if rates go higher next year. Typically, these names clear off some debt and come through the tough period stronger and better than ever. But right now, it's a challenging time. Likely more downside.
Remains in a downtrend, and we're seeing it in all telcos. Function of debt load and higher interest rates. Will especially come under pressure if rates go higher next year. Typically, these names clear off some debt and come through the tough period stronger and better than ever. But right now, it's a challenging time. Likely more downside.
Gold remains in an uptrend, past his target of $2600. He's a big fan of the Commitment of Traders data from the Chicago Board of Trade, which comes out weekly on Fridays at 3:30 pm. Commercial traders continue to reduce exposure on the way up. Though gold can push higher, we're getting to the end of this move in the intermediate term.
We've had a good move, but he's cautious at current levels. Vulnerable to at least a near-term correction. Some charts look great, such as OR, AGI, and WPM, and he'd gravitate toward those.
Gold remains in an uptrend, past his target of $2600. He's a big fan of the Commitment of Traders data from the Chicago Board of Trade, which comes out weekly on Fridays at 3:30 pm. Commercial traders continue to reduce exposure on the way up. Though gold can push higher, we're getting to the end of this move in the intermediate term.
We've had a good move, but he's cautious at current levels. Vulnerable to at least a near-term correction. Some charts look great, such as OR, AGI, and WPM, and he'd gravitate toward those.
Gold remains in an uptrend, past his target of $2600. He's a big fan of the Commitment of Traders data from the Chicago Board of Trade, which comes out weekly on Fridays at 3:30 pm. Commercial traders continue to reduce exposure on the way up. Though gold can push higher, we're getting to the end of this move in the intermediate term.
We've had a good move, but he's cautious at current levels. Vulnerable to at least a near-term correction. Some charts look great, such as OR, AGI, and WPM, and he'd gravitate toward those.
Likes energy, and this is showing signs of improvement. Moved above 50-day MA for the first time since start of the year. Likes the setup, and seems to be turning around technically. If he's correct about our place in the cycle, this name should work at least till the end of the year and likely into the start of next. Yield is 3.91%.
(Analysts’ price target is $51.83)His colleague has a saying, "Buy at Halloween, sell at the Super Bowl." Really likes the breakout to new all-time highs. Anyone who's bought in the last couple of months is in the green, very positive. Likes the setup for a seasonal trade into January. Yield is 1.28%.
(Analysts’ price target is $138.94)
His view is that a bigger market correction will occur at some point next year. Doesn't mind incrementally adding a bit of exposure (such as via an RRSP contribution), but don't back up the truck.