We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, January 19 after market close.
Here are the details of the trades:
Ins:
1. CCL Industries Inc. (CCL.B) – Market Trend. Increase in the Materials sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.
2. RB Global Inc. (RBA) – Market Trend. Increase in the Information Technology sector. The company is in the top of its sector.
Outs:
1. Toronto-Dominion Bank (TD) – Market Trend. Decrease in the Financials sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company has the lowest SP Score in its sector.
2. Arc Resources Ltd (ARX) – Market trend. Decrease in the Energy sector. The company has the lowest SP Score in its sector.
Trimming
Constellation Software (CSU) reached more than 10% of portfolio, we rebalanced the position to 9% to limit our concentration risk.
Stock Weights
Due to CSU’s trimming, the sale of stocks with median weights in the portfolio and the dividends received, we feel that the weighting given to the new stocks would have been too high.
The added weights are as follows:
- CCL.B: +3%
- RBA: +3%
- RY: +2%
- CP: +0.5%
- QSR: +0.5%
