Last week I incorrectly recommended to wait for a pullback before jumping back into market. However, I did note that readers should be open to price movements to capitalize on opportunities. Irrespective, my 5 stocks recommendations for purchase increased 4.85% versus the TSX Composite 2.22% gain.
Top gainer was Teck (TCK.B) +11.41%. Sole loser was Potash (POT) -0.63%.
While many stocks recorded big gains, including Mining, Precious Metals and some Energy, other industries recorded substantial losses worth taking advantage of. These include financials, telecom and a few energy selections. This past week, I purchased on weakness Bank of Montreal (BMO) and Rogers (RCI.B). Both Royal Bank (RY) and Toronto Dominion (TD) suffered over 3% in losses and would be recommended for accumulating at these lower prices. CIBC (CM) has been very hot of late and should be picked up on price dips. A speculative stock worth watching is Canadian Oil Sands Trust (COS.UN) which suffered a 7.6% price drop owing to news of shrinking dividend payouts with the trust unit conversions scheduled for January 1st. Recntly recommended hot stock Labrador Iron Ore Units (LIF.UN) should remain on the watch list for price dips. Add Teck (TCK.B) to that list although the stock although the stock has run up quite a bit of late. Last to be highlighted for purchase include Agrium (AGU),Potash (POT) & Research in Motion (RIM). Have a great week ahead.
0 comments:
Post a Comment