We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, April 19 after market close.
Here are the details of the trades:
Ins:
1. BRP. Inc. (DOO) – Market Trend. Increase in the Industrial 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.
2. Tourmaline Oil Corp (TOU) – Market Trend. Increase in the Energy sector . The company has the highest SP score of its sector.
Outs:
1. Brookfield Infrastructure Partners L.P. (BIP.UN) – Market Trend. Decrease in the Utilities 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. Gildan Activewear Inc (GIL) – Market trend. Decrease in the Consumer sector. The company has the lowest SP Score in its sector.
