We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, July 18 after market close.
Here are the details of the trades:
Outs:
- Enghouse Systems Limited (ENGH) – Market Trend. Decrease in the Information Technology sector as shown by the Top 100 index, therefore, decreasing our position in the portfolio. The company has the lowest SP Score and EPI in its sector in the portfolio.
- Capital Power Corp. (CPX) – Market trend. Decrease in the Utilities sector. The company has the lowest EPI in its sector, borderline to trigger our sell rules.
- Labrador Iron ore Royalty Corporation (LIF) – Intra-sectoral transaction. The company was no longer in the top of its sector.
Ins:
- Canadian Tire Corporation, Limited (CTC.A) – Market Trend. Increase in the Consumer Discretionary sector as shown by the Top 100 index, therefore, increasing our position in the portfolio. The company has the highest SP score of its sector
- Quebecor Inc. (QBR.B) – Market Trend. Increase in the Telecommunication sector. The company is in the top of its sector in terms of SP score.
- Dundee Precious Metals Inc (DPM) – Intra-sectoral transaction. The company is in the top of its sector in terms of SP score.
