On Wednesday, stocks experienced an impressive post-U.S. election pop. In the U.S., the Dow Jones Industrial Average, S&P 500 Index and Nasdaq Composite all rallied to record levels. The S&P/TSX Composite Index ended the day less than 1 per cent away from a record close.
The positive market momentum may have room to run, especially with central banks lowering interest rates. Seasonal forces are also at play. November is historically the start of a seasonally strong period for equity markets that carries through to April.
CIBC’s chief market technician Sid Mokhtari has identified 10 stocks with attractive momentum attributes that may participate in a market rally.
Mr. Mokhtari produces a monthly report with his Top 10 stock ideas, selecting stocks from the largest 100 members by market capitalization within the S&P/TSX Composite Index. His disciplined stock selection process has produced strong returns this year. Year-to-date to Oct….
