{"id":51775,"date":"2024-01-20T08:00:59","date_gmt":"2024-01-20T08:00:59","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=51775"},"modified":"2024-01-19T16:48:59","modified_gmt":"2024-01-19T16:48:59","slug":"stockpointer-canada-portfolio-transactions-january-2024","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/","title":{"rendered":"StockPointer\u00ae Canada Portfolio Transactions \u2013 January 2024"},"content":{"rendered":"<p>We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer\u00ae Canada model portfolio. These trades are effective as of Friday, January 19 after market close.<\/p>\n<p>Here are the details of the trades:<\/p>\n<p><strong>Ins:<\/strong><br \/>\n1. CCL Industries Inc. (CCL.B) \u2013 Market Trend. Increase in the Materials sector as shown by the Top 100 index, therefore, increasing our position in the portfolio.<\/p>\n<p>2. RB Global Inc. (RBA) \u2013 Market Trend. Increase in the Information Technology sector. The company is in the top of its sector.<\/p>\n<p><strong>Outs:<\/strong><br \/>\n1. Toronto-Dominion Bank (TD) \u2013 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.<\/p>\n<p>2. Arc Resources Ltd (ARX) \u2013 Market trend. Decrease in the Energy sector. The company has the lowest SP Score in its sector.<\/p>\n<p><strong>Trimming<\/strong><\/p>\n<p>Constellation Software (CSU) reached more than 10% of portfolio, we rebalanced the position to 9% to limit our concentration risk.<\/p>\n<p><strong>Stock Weights<\/strong><\/p>\n<p>Due to CSU\u2019s 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.<\/p>\n<p><u>The added weights are as follows:<\/u><\/p>\n<ul>\n<li>CCL.B: +3%<\/li>\n<li>RBA: +3%<\/li>\n<li>RY: +2%<\/li>\n<li>CP: +0.5%<\/li>\n<li>QSR: +0.5%<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer\u00ae 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) \u2013 Market Trend. Increase in the Materials sector as shown by the Top 100 index, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55],"tags":[163],"class_list":["post-51775","post","type-post","status-publish","format-standard","hentry","category-modelportfolio","tag-canada"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>StockPointer\u00ae Canada Portfolio Transactions \u2013 January 2024 - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StockPointer\u00ae Canada Portfolio Transactions \u2013 January 2024\" \/>\n<meta property=\"og:description\" content=\"We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer\u00ae 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) \u2013 Market Trend. Increase in the Materials sector as shown by the Top 100 index, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Inovestor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Inovestor\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-20T08:00:59+00:00\" \/>\n<meta name=\"author\" content=\"Anthony Menard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:site\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anthony Menard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/\"},\"author\":{\"name\":\"Anthony Menard\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d\"},\"headline\":\"StockPointer\u00ae Canada Portfolio Transactions \u2013 January 2024\",\"datePublished\":\"2024-01-20T08:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/\"},\"wordCount\":207,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#organization\"},\"keywords\":[\"Canada\"],\"articleSection\":[\"Model Portfolio\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/\",\"url\":\"https:\/\/www.inovestor.com\/en-ca\/2024\/01\/stockpointer-canada-portfolio-transactions-january-2024\/\",\"name\":\"StockPointer\u00ae Canada Portfolio Transactions \u2013 January 2024 - 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