We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, July 16 after market close. Here are the details of the trades:
Ins:
- North West Company (NWC) – Market Trend. Increase in the Consumer Staple sector as shown by the Top 100 index, therefore, increasing our position in the portfolio. We chose the company because of its high SP score.
- GDI Integrated Facility Services Inc. (GDI) – Intra-sectorial transaction market. In the top of its sector.
Outs:
- Quebecor (QBR.B) – Market Trend. Decrease in the telecommunication sector as shown by the Top 100 index, decreasing our position in the portfolio.
- Evertz Technologies (ET) – Intra-sectorial transaction and market. No longer in the top of its sector.
