Mar 24, 2016
Bill Carrigan's top picks: Mar. 24, 2016
Bill Carrigan - Top Picks
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FOCUS: Technical Analysis
Market Outlook:
During the later stages of a long bull market – investors can get confused and begin to engage in market timing or over-trading. The best approach would be to understand the longer term structure of the great 2009 – 2016 advance in the major global stock markets. If we apply long term analysis to market bellwethers we can better identify our current location within the great 2009 – 2016 advance.
The term Bellwether – was derived from the Middle English Bellwether which refers to the practice of placing a bell around the neck of a castrated ram – (a wether) in order that this animal might lead its flock of sheep.
Some U.S. Bellwethers - Berkshire Hathaway (BRK.B) and Honeywell (HON)
TOP PICKS:
iShares S&P/TSX Capped Materials Index ETF (XMA.TO)
A diverse basket metal miners, chemicals and forest products.
BMO S&P/TSX Equal Weight Industrials Index (ZIN.TO)
A diverse basket of cyclical railroads, aerospace, infrastructure and engineering companies.
CAE Inc (CAE.TO)
Looking for alpha here - A cyclical component of the TSX Industrial Index and one of a few Canadian aerospace names.
| Disclosure | Personal | Family | Portfolio/Fund |
|---|---|---|---|
| XMA | N | N | N |
| ZIN | N | N | N |
| CAE | Y | N | N |
Past Picks: Oct. 6, 2015
Agnico Eagle Mines (AEM.TO)
| Recommended at: | Now at: | Change | Total Return |
|---|---|---|---|
| $37.60 | $47.80 | +27.13% | +27.70% |
Rogers Communications (RCIb.TO)
| Recommended at: | Now at: | Change | Total Return |
|---|---|---|---|
| $46.90 | $50.88 | +8.46% | +10.56% |
Chartwell Retirement Residences (CSH_u.TO)
| Recommended at: | Now at: | Change | Total Return |
|---|---|---|---|
| $12.30 | $13.74 | +11.67% | +13.54% |
Total Return Average : +17.27%
| Disclosure | Personal | Family | Portfolio/Fund |
|---|---|---|---|
| AEM | N | N | N |
| RCIb.TO | N | N | N |
| CSH_u | N | N | N |
