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Model Portfolio

StockPointer® US Portfolio Transactions – November 2022

We have rebalanced our Stockpointer® US model portfolio. The trades are effective as of Tuesday, November 15 after market close.
Here are the details of the trades:

In:

  1. Texas Instruments Incorporated (TXN) – Market Trend. Increase in the Information Technology sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.

Out:

  1. Penske Automotive Group, Inc. (PAG) – Market Trend. Decrease in the Consumer Discretionary sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company was also no longer in the top of its sector.

Portfolio Manager’s November Comment for October Results

In October, the S&P/TSX grew by 5.6%, the S&P 500 surged by 8.1% while the MSCI ACWI ex USA rose by 3%.

At the end of the 12-month period ending October 31, the S&P/TSX tumbled by 4.9%, the S&P 500 decreased by 14.6% while the MSCI ACWI ex USA fell by 24.4%.

In October, NQICAT increased by 5.6% while it decreased 4.3% on an annual basis.

The best TSX sectors for the month of October were Energy up 15%, Industrials up 13.1% and Information Technology up 6.8%.

The worst performing sectors were Utilities 5.0%, Materials down 2.9% and Financials up 0.5%.

The best monthly performers in NQICAT were Canadian Natural Resources (CNQ) up 28.2%, Imperial Oil (IMO) up 23.9% and ARC Resources (ARX) up 16.3%.

At the opposite, the weakest contributors were Richelieu Hardware (RCH) down 4.6%, TFI International (TFII) down 0.5% and Brookfield Infrastructure L.P. (BIP.UN) down 0.3%.

2 stocks were sold and bought in the strategy.

The strategy required an increased exposure to the Energy and Utilities sector and an exposure reduction in Financials and Consumer Discretionary.

Brookfield Asset Management (BAM.A) and Canadian Tire (CTC.A) had the lowest SP score of their sector therefore they needed to be sold. Imperial Oil (IMO) and Brookfield Infrastructure L.P. have been added to the strategy due to their high SP score.

StockPointer® Canada Portfolio Transactions – October 2022

We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, October 21 after market close.Here are the details of the trades:

Ins:

  1. Imperial Oil Ltd (IMO)Market Trend. Increase in the Energy sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
  2. Brookfield Infrastructure Partners L.P. (BIP.UN) – Market Trend. Increase in the Utility sector.

Outs:

  1. Brookfield Asset Management Inc (BAM.A) – Market Trend. Decrease in the Financial sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company was also no longer in the top of its sector.
  2. Canadian Tire Corporation Limited Class A (CTC.A) – Market Trend. Decrease in the Consumer Discretionary sector.

Portfolio Manager’s October Comment for Q3 Results

The Canadian equity market perpetuated its decline throughout Q3, with most sectors experiencing continued downward trends.

In Q3, the S&P/TSX Total Return Index declined by 1.4%, the S&P 500 fell by 4.9% and similarly, the MSCI ACWI ex. USA decreased by 9.8%.

In Q3, NQICA returned 3%. On an annual basis, it returned -8.3% and the S&P/TSX composite returned -5.4%.

In Canada, the best Q3 sectors were Consumer Discretionary up 5.8%, Materials up 4.2% and Consumer Staples up 2.1%.

The worst sectors were Telecommunication Services down 7.1%, Health Care down 5.8%, and Utilities down 3.2%.

In Q3, the best performers in NQICA were TFI international (TFII), Stella-Jones (SJ) and Richelieu Hardware (RCH) up 21.3%, 19.9% and 14.2% respectively.

On the other hand, the worst performers were EQB Inc. (EQB), Canfor (CFP) and Canadian Tire (CTC.A) down 11.5%, 10.4% and 8.5% respectively.

Portfolio Manager’s September Comment for August Results

In August, the S&P/TSX decreased by 1.6%, the S&P 500 fell by 4.1% while the MSCI ACWI ex USA contracted by 3.2%.

At the end of the 12-month period ending on August 31, the S&P/TSX dipped by 3.4%, the S&P 500 declined by 11.2% while the MSCI ACWI ex USA fell by 19.1%.

In August, NQICAT shrank by 1.4% while it declined by 7.4% on an annual basis.

The best TSX sectors for the month of August were Health Care up 8.9%, Consumer discretionary up 1.2% and Utilities down 0.8%.

The worst performing sectors were Information Technology down 7.2%, Financials down 2.3% and Telecommunication down 2.0%.

The best monthly performers in NQICAT were goeasy up 7.1%, Stella-Jones 5.2% and Canadian Natural Resources up 3.9%. At the opposite, the weakest contributors were Parex Ressources down 11.9%, Constellation Hardware down 9.2% and Richelieu Hardware down 9.1%.

StockPointer® US Portfolio Transactions – August 2022

We have rebalanced our Stockpointer® US model portfolio. The trades are effective as of Monday, August 15 after market close.
Here are the details of the trades:

Ins:

  1. Expeditors International of Wshngtn Inc (EXPD)Market Trend. Increase in the industrial sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
  2. Dorchester Minerals LP (DMLP)Market Trend. Increase in the Energy sector
  3. LCI Industries (LCII) – Sectorial transaction. The company’s SP score was in the top of its sector

Outs:

  1. Domino’s Pizza (DPZ) – Market Trend. Decrease in the Consumer Discretionary sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio.
  2. Oracle Corporation (ORCL) – Market Trend. Decrease in the Information Technology sector.
  3. Atkore (ATKR) –The company’s SP score fell 10 points below the third highest SP score of the sector forcing us to sell the company.

Portfolio Manager’s August Comment for July Results

In July, the S&P/TSX grew by 4.7%, the S&P 500 surged by 9.2% while the MSCI ACWI ex USA rose by 3.5%.

At the end of the 12-month period ending July 29, the S&P/TSX decreased a modest 0.2%, the S&P 500 tumbled 4.6% while the MSCI ACWI ex USA fell by 14.8%.

In July, NQICAT increased by 9.6% while it decreased -3.3% on an annual basis.

The best TSX sectors for the month of July were Industrials up 10.3%, Information Technology up 9.8% and Consumer Discretionary up 8.2%.

The worst performing sectors were Heath Care down 7.6%, Telecommunications down 1.5% and Materials down 0.6%.

The best monthly performers in NQICAT were Transforce up 24.1%, Canfor up 21.4% and Stella-Jones up 17%. At the opposite, the weakest contributors were TD down 0.4%, Royal Bank up 0.2% and Canadian Tire up 1.3%.

1 stock was sold and bought in the strategy.

The strategy required an increased exposure to the Energy sector and a exposure reduction in consumer discretionary. Leon’s Furniture (LNF) had the lowest SP score of its sector therefore it needed to be sold. Canadian Natural Resources (CNQ) have been added to the strategy due to their high SP score.

 

StockPointer® Canada Portfolio Transactions – July 2022

We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, July 15 after market close.Here are the details of the trades:

Ins:

  1. Canadian Natural Resources Ltd (CNQ) – Market Trend. Increase in the Energy sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.

Outs:

  1. Leon’s Furniture Ltd. (LNF) – Market Trend. Decrease in the Consumer Discretionary sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio.

Portfolio Manager’s July Comment for Q2 Results

The upward trend of the Canadian equity market came to an end in the second quarter of 2022 with the reversal of the Materials and Energy sector performance in June.

 

In Q2, the S&P/TSX Total Return Index declined by 13.2%, the S&P 500 fell by 16.1% while the MSCI ACWI ex. USA decreased by 13.5%.

 

In Q2, NQICA returned -8.7%. The NQICA returned -8.4% while the S&P/TSX composite returned -3.9% on an annualized basis.

.

In Canada, the best Q2 sectors were Energy up 2.7%, Utilities down 4.4% and Consumer Staples down 5.4%.

 

The worst sectors were Health Care down 45.8%, Information Technology down 24.1%, and Materials down 24%.

 

In Q2, the best performers in NQICA were Dollarama (DOL), Hydro One (H) and Intact Financial Corporation (IFC) up 4.6%, 3.6% and down 1.2% respectively.

 

On the other hand, the worst performers were Labrador Iron Ore (LIF), goeasy (GSY) and Leon’s Furniture (LNF) down 31.3%, 29.4% and 28.7% respectively.

Portfolio Manager’s June Comment for May Results

In May, the S&P/TSX increased by 0.1%, the S&P 500 grew by 0.2% while the MSCI ACWI ex USA rose by 1.3%.

At the end of the 12-month period ending May 31st, the S&P/TSX grew by 7.9%, the S&P 500 gained 0.3% while the MSCI ACWI ex USA decreased by 11.5%.

In May, NQICAT increased by 1.2% while it climbed 0.3% on an annual basis.

The best TSX sectors for the month of May were Energy up 11.4%, Financials up 1% and Utilities up 1.1%.

The worst performing sectors were Health Care down 16.5%, Materials down 6% and Industrials down 5.3%.

The best monthly performers in NQICAT were Parex Resource up 11.9%, Equitable Group up 10.6% and Canfor up 9.4%.

At the opposite, the weakest contributors were Leon’s Furniture down 11.4%, Labradon Iron Ore Royalty Corporation down 7.8% and Enghouse down 5.9%.