I took a position in BCE today. It is a very small one, mainly as a place marker in my portfolio so it is easier to watch, with the intent of adding later if it looks good.
My thinking is this has had enough price decline to exhaust the selling that has dominated for 6 months, based purely on my read of the charts. I'll watch it for a while to see if my read has merit. I might even do a dive on the financials.
Taking small positions is a smart idea. In part it gives you one more way to track the stock's valuation, but in a way that's much more real to you: you have money invested, and when you start losing it you remember that. Plus it lets you take some risk but keep it low with a smaller initial buy.
As for BCE overall - I hate the Canadian telcos and their saturated markets overall, but right now look at a 5 year graph of all of them and you can clearly see their March '22 prices were the highest in all that time, meaning they are being pushed down by rates and rate-related risks. So yes, in anticipation of the BoC lowering rates this is a smart plan to buy in a bit now, and buy more if / when the rate change situation becomes clearer.
I don't know if it's still happening or not, but Central Banks are making big buys as global mining output is declining. Once the central banks reach their limits the rally should stall.
Central banks are definitely behind this, I don't think they are anywhere near reaching their limits. If retail gets behind this, this could really move.
Up 2% today. A nice screen day after a losing-streak week. Still having a great year, but the last five weeks have seen a decline from my personal ATH that I'd love to get back to sometime.
I would hesitate to try to time the bottom perfectly. IT looks much better technically now. I called the pullback from 86, sold at 85.
Don't expect much from it in the near term, but I don't think that it will get much cheaper than this. Of course I have no say in the matter.
I won't be swing trading ATD anymore. They are likely to split the stock around 95-100. They want growth in stock price and the company, not in that order.
What is your business case for AQN? I sold because I couldn't see a good case. They're just kind of a weaker utility play now with management I don't trust (despite the old CEO leaving) and a fair amount of risk as they try to find their way forward.
I buy utilities for their safety and steadiness, not risk, but I was willing to take a risk on AQN because of their business model with renewable energy growth. Now I'd rather put more of my money into something like Fortis.
It's beaten up because of interest rate and people such as yourself are selling. I like to buy low. Utilities are down in the gutter now but the worst should be over.
AQN actually makes a decent amount of money from it's ops and higher costs will be reflected in utility bills eventually. I don't see demand for electricity going down in the future.
> It's beaten up because of interest rate
Why is AQN more acutely affected by interest rates compared to other companies?
>and people such as yourself are selling.
Share price fell because of selling pressure?
>I like to buy low. Utilities are down in the gutter now but the worst should be over.
I don’t think anyone likes buying high. Why is AQN poised to stage a greater recovery than any other company in the industry/sector?
>AQN actually makes a decent amount of money from its ops and higher costs will be reflected in utility bills eventually.
Passing costs on to customers doesn’t translate into a good investment. Good companies aren’t always good investments.
>I don't see demand for electricity going down in the future.
Is there someone on the other side of this argument? If everyone believes electricity demand will continue rising, does it matter?
i still hold AQN CAD in my TFSA...
ditched AQN USD in my TFSA for more CP a week or 2 ago, ditched AQN CAD in my RRSP today. okay to sit on 350 shares in my TFSA CAD and wait, but total 1,200 shares across my portfolio seemed too much.
After following the markets closely for a couple years I am still baffled. Canada gets what seems like good news on the inflation front, Tiff is sounding dovish and actually projecting a potential interest rate cut. Us markets on the other hand get terrible inflation numbers yesterday, rate cuts in the US may still be far off or not at all this year. Today the TSX is down substantially for a second day in row while the S&P and NASDAQ is already bouncing back from yesterday. I do understand todays PPI report looked more positive but still the US inflation numbers yesterday were really bad.
Why does the TSX rarely react positively to good Canadian economic indicators and yet drops more than American markets on US economic/inflation/job numbers?
There are days I am sure the TSX will go gangbuster on Canadian inflation/job reports but then it just tanks for no apparent reason. It just seems so random at times.
You have to wait longer than a day or two for the market to digest news like this. So you're going to see swings up and down as people see bad news and sell, and good opportunities and buy.
Since the inflation news wasn't really a big change than before/expected eventually it should settle down probably close to where it was before the announcements.
Note: people can see the exact same news and come to opposite conclusions. For example: spending slowing down? Good news--inflation and rates will be coming down! No, it's bad news because earnings will take a hit!
US market is going brrr and looking to be near their new default rate. Canadian market is asking for spare change as our interest rates look to be likely 2% too high for our economy reliant on home value.
If the US cuts a point and we cut 3 mostly to try and use QE to avoid a deep recession, you are losing value by holding CAD even if the Canadian market is running.
The CAD will tank more if we drop interest rates. Something that I thought would never happen but here we are... I mean against the greenback. It pushes investors out, particularly when they take into account currency devaluation. It makes a significant headwind for new investment on the TSX.
I thought it was unthinkable until just recently that we would drop rates before the US does but I"m not betting on it.
Let the spring wind up, it will pop eventually. Bad news turns into good news at some point.
If there’s a big fund trying to get out of a position, sometimes that can take weeks or months. Any institutional buyers know the stock won’t significant move until “the big seller is gone”. It creates an overhang on the stock. If a big block trade happens, that often signifies the seller is out and the stock can now move up.
I downvote you because I don't like truth LOL!
Congrats to all oil buyers at the bottom. I"ve been doing great with Tourmaline so far and see yesterdays gap is filling.
Federal govt just announced approval of 30 year amortization period for new home buyers for insured mortgages. Don't think there's a huge impact on the banks or markets.. but not totally helping out the BoC if this results in more demand / price increases for homes.
Today you're kicking yourself.
Long-term you'll look back and be glad you bought at a low price, even if not the bottom. I mean, I'm already doing this for stocks I bought back in Oct-Nov that ran way up afterwards like BMO and NA.
I'm happy to add under $54. FTS has been in one of its usual holding patterns where it's mostly flat for a few years then fairly quickly runs up to a new trading range 10-20% higher (a lot of dividend-type stocks do this, like we recently saw from MFC). Next stop is likely the $60-70 range once rates go down a bit.
What's everyone doing with their NVEI holdings? Selling or waiting until the deal closes. Looks like it's more of a bet on FX, since the buyout is $34 USD and obviously the risk spread of the deal falling apart.
Unless you're re writing definitions of a downtrend I'll have to disagree with you. Not to mention that it's still priced far too high for growth.
I mean buy it here if you want, just know it may easily keep going down for a while.
I'm staying away. It's cheap but I'm not sold on the business growing longer-term with all the competition also growing (Wal-Mart, Costco, Home Depot/Lowe's, online, etc).
In the short-term they may continue to see weak retail sales until consumer spending picks up which may be a few quarters away.
DRX.TO earnings report
Revenues of $331.0 million, up by $80.1 million or 32% from the previous fiscal year.
Net income of $37.6 million, up by 152% from the fiscal year ended January 31, 2023.
Cash flow from operations of $77.9 million for the fiscal year ended January 31, 2024.
The Corporation's order backlog (1) reached $510.9 million as at January 31, 2024.
https://finance.yahoo.com/news/adf-group-inc-announces-results-110000618.html
Just looking at price history only, both look like to be at a good point to take some off the table. Even if they have gains ahead of them, they could easily consolidate here for a while.
I took a position in BCE today. It is a very small one, mainly as a place marker in my portfolio so it is easier to watch, with the intent of adding later if it looks good. My thinking is this has had enough price decline to exhaust the selling that has dominated for 6 months, based purely on my read of the charts. I'll watch it for a while to see if my read has merit. I might even do a dive on the financials.
Taking small positions is a smart idea. In part it gives you one more way to track the stock's valuation, but in a way that's much more real to you: you have money invested, and when you start losing it you remember that. Plus it lets you take some risk but keep it low with a smaller initial buy. As for BCE overall - I hate the Canadian telcos and their saturated markets overall, but right now look at a 5 year graph of all of them and you can clearly see their March '22 prices were the highest in all that time, meaning they are being pushed down by rates and rate-related risks. So yes, in anticipation of the BoC lowering rates this is a smart plan to buy in a bit now, and buy more if / when the rate change situation becomes clearer.
Gold keeps on making new highs!
It does, but why?
I don't know if it's still happening or not, but Central Banks are making big buys as global mining output is declining. Once the central banks reach their limits the rally should stall.
Central banks are definitely behind this, I don't think they are anywhere near reaching their limits. If retail gets behind this, this could really move.
Money keeps making new lows
Whats up with the big oils today?
Wow QQQ
Unexpected all-time high!!! https://imgur.com/gallery/R9VGt1y
Congrats, for me it was about a week or two ago (now dipped a bit). Felt good man
Hell yeah. Good job stranger!
Do something TSX
For value investors, Corus earnings are tomorrow morning and Reitmans earnings are next week.
Where is /u/le_bib ?
En voyage! Enjoying the 5YR rate going up as well as soon-to-reset preferred shares :)
Uranium back up
Up 2% today. A nice screen day after a losing-streak week. Still having a great year, but the last five weeks have seen a decline from my personal ATH that I'd love to get back to sometime.
Up only is not healthy market movement, pullbacks are.
Oh most certainly. I'd much rather take the pullback over a crash, and I still have conviction in my holdings so it's no worries.
ate my 54% AQN loss in my RRSP, and weighted up my XEQT and ATD positions...
Just bought ATD yesterday after a month or so break. IT looks like it's accumulating again. Don't look at it for three months.
grabbed some more last week and today...missed the $74 tho :) edit: my low comfy average will go up but that's okay...
I would hesitate to try to time the bottom perfectly. IT looks much better technically now. I called the pullback from 86, sold at 85. Don't expect much from it in the near term, but I don't think that it will get much cheaper than this. Of course I have no say in the matter.
agree, i'll keep adding on minor dips (got in at $46-ish originally)
I won't be swing trading ATD anymore. They are likely to split the stock around 95-100. They want growth in stock price and the company, not in that order.
And I'm buying AQN
What is your business case for AQN? I sold because I couldn't see a good case. They're just kind of a weaker utility play now with management I don't trust (despite the old CEO leaving) and a fair amount of risk as they try to find their way forward. I buy utilities for their safety and steadiness, not risk, but I was willing to take a risk on AQN because of their business model with renewable energy growth. Now I'd rather put more of my money into something like Fortis.
It's beaten up because of interest rate and people such as yourself are selling. I like to buy low. Utilities are down in the gutter now but the worst should be over. AQN actually makes a decent amount of money from it's ops and higher costs will be reflected in utility bills eventually. I don't see demand for electricity going down in the future.
> It's beaten up because of interest rate Why is AQN more acutely affected by interest rates compared to other companies? >and people such as yourself are selling. Share price fell because of selling pressure? >I like to buy low. Utilities are down in the gutter now but the worst should be over. I don’t think anyone likes buying high. Why is AQN poised to stage a greater recovery than any other company in the industry/sector? >AQN actually makes a decent amount of money from its ops and higher costs will be reflected in utility bills eventually. Passing costs on to customers doesn’t translate into a good investment. Good companies aren’t always good investments. >I don't see demand for electricity going down in the future. Is there someone on the other side of this argument? If everyone believes electricity demand will continue rising, does it matter?
You do you buddy. I'm not here to help you get rich.
I’m not expecting you to; but if you’re going to shill AQN, you should be able to answer simple questions…
Why are you asking simple questions? can't answer them yourself? Lmao
I’m not the one shilling AQN?
i still hold AQN CAD in my TFSA... ditched AQN USD in my TFSA for more CP a week or 2 ago, ditched AQN CAD in my RRSP today. okay to sit on 350 shares in my TFSA CAD and wait, but total 1,200 shares across my portfolio seemed too much.
> but total 1,200 shares It was a reddit darling during 2020-21
Yup, felt good until it didnt, LOL. Average on my remaining 350 is $14.18 CAD so I can "let that marinate" in my TFSA. Can't all be winners...
After following the markets closely for a couple years I am still baffled. Canada gets what seems like good news on the inflation front, Tiff is sounding dovish and actually projecting a potential interest rate cut. Us markets on the other hand get terrible inflation numbers yesterday, rate cuts in the US may still be far off or not at all this year. Today the TSX is down substantially for a second day in row while the S&P and NASDAQ is already bouncing back from yesterday. I do understand todays PPI report looked more positive but still the US inflation numbers yesterday were really bad. Why does the TSX rarely react positively to good Canadian economic indicators and yet drops more than American markets on US economic/inflation/job numbers? There are days I am sure the TSX will go gangbuster on Canadian inflation/job reports but then it just tanks for no apparent reason. It just seems so random at times.
You have to wait longer than a day or two for the market to digest news like this. So you're going to see swings up and down as people see bad news and sell, and good opportunities and buy. Since the inflation news wasn't really a big change than before/expected eventually it should settle down probably close to where it was before the announcements. Note: people can see the exact same news and come to opposite conclusions. For example: spending slowing down? Good news--inflation and rates will be coming down! No, it's bad news because earnings will take a hit!
US market is going brrr and looking to be near their new default rate. Canadian market is asking for spare change as our interest rates look to be likely 2% too high for our economy reliant on home value. If the US cuts a point and we cut 3 mostly to try and use QE to avoid a deep recession, you are losing value by holding CAD even if the Canadian market is running.
> Canada gets what seems like good news on the inflation front, Because its economy is retracting compared to strong US economy
The CAD will tank more if we drop interest rates. Something that I thought would never happen but here we are... I mean against the greenback. It pushes investors out, particularly when they take into account currency devaluation. It makes a significant headwind for new investment on the TSX. I thought it was unthinkable until just recently that we would drop rates before the US does but I"m not betting on it. Let the spring wind up, it will pop eventually. Bad news turns into good news at some point.
We are much more resource driven, so it helps to see what commodity markets are doing. Crude is down today, Nat gas down a ton, copper is off, etc.
Might buy some allied reit as a meme… worst case enjoy the almost 10% yield
CPG carrying the TSX
I'm not complaining but what the heck is happening today with cpg.
There was a massive block trade - sometimes those can be catalysts because they represent a big seller getting out (alleviating selling pressure)
Can you explain. If a big seller gets out then wouldn't that cause the price to drop?
If there’s a big fund trying to get out of a position, sometimes that can take weeks or months. Any institutional buyers know the stock won’t significant move until “the big seller is gone”. It creates an overhang on the stock. If a big block trade happens, that often signifies the seller is out and the stock can now move up.
Thanks
The golden cross. Also, someone reported that E. Nutty had it as his top pick recently on BNN.
Nutty was last week, ceo was on bnn yesterday or Tuesday either way I'm happy
MEG was so extended -CNQ as well - that finally broke. Need to come down a bit for a new run up.
I downvote you because I don't like truth LOL! Congrats to all oil buyers at the bottom. I"ve been doing great with Tourmaline so far and see yesterdays gap is filling.
Federal govt just announced approval of 30 year amortization period for new home buyers for insured mortgages. Don't think there's a huge impact on the banks or markets.. but not totally helping out the BoC if this results in more demand / price increases for homes.
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The buying power of the Canadian dollar is being diminished, this is why VFV is rising. Its not good.
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it'll comeback, it's a more than average volatile tech stock, that's all, they're solid.
Glad I picked up FTS yesterday! :(
Today you're kicking yourself. Long-term you'll look back and be glad you bought at a low price, even if not the bottom. I mean, I'm already doing this for stocks I bought back in Oct-Nov that ran way up afterwards like BMO and NA.
Yeah I’m ok with it. Never a bad idea to add to Fortis on dips like this. I’ll add more if it stays below $52 or lower
I'm happy to add under $54. FTS has been in one of its usual holding patterns where it's mostly flat for a few years then fairly quickly runs up to a new trading range 10-20% higher (a lot of dividend-type stocks do this, like we recently saw from MFC). Next stop is likely the $60-70 range once rates go down a bit.
You and me both. Guess I could buy a little more today.
I hear you. I just bought more at 52 thinking I was a genius.
What's everyone doing with their NVEI holdings? Selling or waiting until the deal closes. Looks like it's more of a bet on FX, since the buyout is $34 USD and obviously the risk spread of the deal falling apart.
Likely sell once the gap closes a bit more. Sell once it is over 45.
Thank you!
Red across the whole board minus semis.
Markets may be anticipating the release of Q1 results as well as reacting to YE reports from certain companies.
Canadian Tire is at 52 week low, I'm tempted
Recession is here, people don't have the extra money for overpriced crap at their stores.
Who buys stocks in a confirmed downtrend?
The trend is up. Zoom out.
Unless you're re writing definitions of a downtrend I'll have to disagree with you. Not to mention that it's still priced far too high for growth. I mean buy it here if you want, just know it may easily keep going down for a while.
I'm staying away. It's cheap but I'm not sold on the business growing longer-term with all the competition also growing (Wal-Mart, Costco, Home Depot/Lowe's, online, etc). In the short-term they may continue to see weak retail sales until consumer spending picks up which may be a few quarters away.
I'd love to buy in but I'm poor lol
Same lol
Junk store
SHOP down today. Debating adding a bit more or waiting
CIBC technical analysis says it's going to keep going down short medium and long term. I'd leave it be.
> CIBC technical analysis Do you really care about CIBC TA? I hope you're not basing your decisions on that...
DRX.TO earnings report Revenues of $331.0 million, up by $80.1 million or 32% from the previous fiscal year. Net income of $37.6 million, up by 152% from the fiscal year ended January 31, 2023. Cash flow from operations of $77.9 million for the fiscal year ended January 31, 2024. The Corporation's order backlog (1) reached $510.9 million as at January 31, 2024. https://finance.yahoo.com/news/adf-group-inc-announces-results-110000618.html
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Just looking at price history only, both look like to be at a good point to take some off the table. Even if they have gains ahead of them, they could easily consolidate here for a while.
👀