Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
RBC Capital Markets analyst Bish Koziol made four changes to his Top 40 list of Canadian stocks. The selection method combines value, growth, momentum and predictability scores,
“Our Canada Overall Top 40 Portfolio gained 3.3% last month, while the S&P/TSX Composite advanced 0.9 %. Year -to -date the Portfolio has risen 22.6% versus the 1 8.2 % advance of the benchmark. Gains in Materials and Financials were the main tailwinds to the advance. We continue to increase exposure in Materials as the group accounted for both additions this month. As a result, the weighting of the group in the Portfolio increased to 2 7.5%. Both additions realized improving Growth scores”
Mr. Koziol added Fortuna Silver Mines Inc. (FVI-T) and Hudbay Minerals Inc. (HBM-T), while removing TFI International Inc. (TFII-T) and Open Text Corp. (OTEX-T).
The top 40…
