We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Thursday, April 17 after market close.
Here are the details of the trades:
Outs:
- BRP Inc (DOO) – Market Trend. Decrease in the Consumer Discretionary 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.
- Canadian Pacific Kansas City Ltd (CP) – Market trend. Decrease in the Industrial sector. The company has the lowest SP Score in its sector.
- Emera Inc (EMA) – Intra-sectoral transaction. The company has a SP score lower than 60 and an EPI lower than 1.
Ins:
- Fairfax Financial (FFH) – Market Trend. Increase in the Financial 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
- Capital Power Corp. (CPX) – Market Trend. Increase in the Utilities sector. The company is in the top of its sector in terms of SP score.
- Hydro one (H) – Intra-sectoral transaction. The company is in the top of its sector in terms of SP score.
