11 of the 12 Stocks Recommended Last Week (Feb. 14) have increased in price. Top pick Cenovus Energy (CVE) increased by 9.48% going from $25.10 to close at $27.48. The one recommendation that declined Agnico Eagle (AEM) did so by less than 1% from $61.47 to $60.72.
15 of the 16 Growth Stocks Recommended on the previous blog (Jan. 31) have increased in price with an average gain of 8.12%. All 5 Precious Metal Picks are up over 10%, the 3 Mining/Ag Picks are up over 13%, 4 of the 5 Energy Picks are up, Suncor (SU) being the one loser down 4.65%. 9 of the 10.
Income Recommendations have increased in value. Only Manitoba Tel (MBT) is down 5.02%, however BCE is up by 6.41%.
According to technical analyst Don Vialoux (quoted in National Post Feb 13), the Canadian Energy Sector has a history of moving higher between Feb 25 and May 9, 14 of the past 15 years. His bottom line recommendation is to “be prepared to enter the trade when short-term technical indicators turn positive.” In particular, profit for the leading stocks of this sector in terms of frequency with average gain are: 90% frequency of profit: CNQ & SU. 80% frequency: ECA, HSE, IMO, TLM, + COS.UN & PWT.UN. Average return per period in ranking order are: CNQ (19.4%), COS.UN (16.0%), SU (15.5%), ECA (14.8%) & TLM (12.7%). That’s some convincing evidence.
As this blog attempts to point out opportunities based upon short term price weakness, the following stocks would be placed upon that watch list: Suncor (SU), Agnico Eagle (AEM), Manitoba Tel (MBT), Talisman (TLM) & Sunlife (SLF). Ongoing recommendations include: TSX (X), Goldcorp (G), Encana (ECA), Nexen (NXY), Canadian Natural Resources (CNQ), Manulife (MFC), TD, RY, NA.
Watch closely as these are interesting times. Good luck, Warren.
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