Bullish Outlook

Dollarama: Context on Trading the Stock vs. Options
October 06, 2017
Bullish Outlook

Dollarama: Context on Trading the Stock vs. Options

Patrick Ceresna

Dollarama has been a bright spot in the Canadian markets throughout the last year.  During the first half of the year, the share price has been working considerably higher off its $93.27 52-week low.  Recently investors were rewarded when the company released its 2nd quarter results and subsequently announced plans to buy...

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3 weeks ago
A Repair Strategy for Loblaws Companies Limited stock
September 28, 2017
Bullish Outlook

A Repair Strategy for Loblaws Companies Limited stock

Martin Noël

Daily graph of L ($67.11 on Tuesday, September 26, 2017) As you can see in the above graph, the price of Loblaws Companies Limited (L) shares fell 18% from a peak of $78.85 on May 8, 2017, and then bottomed out at $64.65 on September 8, 2017. Since then, we have witnessed a tentative rebound that could suggest the worst is...

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4 weeks ago
Making the most of a potential rebound in shares of Intact Financial Corporation
September 18, 2017
Bullish Outlook

Making the most of a potential rebound in shares of Intact Financial Corporation

Martin Noël

Daily graph of IFC ($100.37 on Wednesday, September 13, 2017)   As you can see in the above graph, the price of shares in Intact Financial Corporation (IFC) fell $3.96 from a peak of $103.03 on September 1, 2017 and then bottomed out at $99.07 on September 12, 2017. We can also see that the RSI indicator (5)  (the...

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1 month ago
Options Brief-Week of August 28
August 30, 2017
Bullish Outlook

Options Brief-Week of August 28

Montréal Exchange

Everyone looks forward to something for different reasons. When investors choose to invest in a company, they will wait impatiently for the most crucial announcement: earnings season. Last week, Royal Bank of Canada (TSX:RY) reported a strong third quarter which led to a dividend hike of 5 per cent to 91 cents per share. This...

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2 months ago
Making a Bull Spread on CNR Metamorphose Into a Reverse Butterfly Spread
July 26, 2017
Bullish Outlook

Making a Bull Spread on CNR Metamorphose Into a Reverse Butterfly Spread

Martin Noël

As shown in the following graph, shares in the Canadian National Railway Company (CNR) have begun a slight correction since peaking at $108.64 at the end of June. When the markets closed on July 24, CNR was trading at $101.63 and was near its 34-week moving average (34-WMA), which has served as a support point several times in...

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3 months ago
Options Brief – Week of July 10th
July 10, 2017
Bullish Outlook

Options Brief – Week of July 10th

Montréal Exchange

The airline industry had its share of bad press last week mainly due to the Sunwing incident, but Air Canada still managed to outperform. On Friday, July 7th, its shares price surged to 19.06$, its highest price in the last ten years following a very optimistic Q2 outlook. In the world of options, it represented a great...

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4 months ago
Bottom Fishing Cenovus? Hedging may be Appropriate
May 10, 2017
Bullish Outlook

Bottom Fishing Cenovus? Hedging may be Appropriate

Patrick Ceresna

Cenovus stirred up the Canadian oil industry back on March 29th with an announcement on the $17.7 billion-dollar purchase of ConocoPhillips’ Canadian oil sand assets. To say the deal was not well received is an understatement as the stock dropped over 10% on the announcement and continued to actively distribute lower. From...

544
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6 months ago
Add (ONEX)tra upside without putting on extra downside
April 05, 2017
Bullish Outlook

Add (ONEX)tra upside without putting on extra downside

Christopher Thom

Onex is a stock that has done very well over the long term. Since going public in 1996, the stock has had an annualized total return over 16%. The company places emphasis on managers owning stock and investing alongside shareholders – this is something I like to look for when investing in a company. For an investor who...

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7 months ago
Synthetic Stock Positions Within Registered Accounts
February 06, 2017
Bullish Outlook

Synthetic Stock Positions Within Registered Accounts

Richard Croft

As the name suggests, a synthetic stock position is equivalent to a long stock position. Similar risk reward parameters but with some structural advantages for investors who want to utilize the strategy within registered accounts.   In this column, we will focus on Canadian bank stocks. What else is new! Like it or not...

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9 months ago
A reverse call ratio spread (call backspread) on BCE Inc. (BCE)
January 16, 2017
Bullish Outlook

A reverse call ratio spread (call backspread) on BCE Inc. (BCE)

Martin Noël

As you can see in the following graph, shares in BCE Inc. (BCE) have been trading in a range of $57 to $59 since mid-November, with points of momentum suggesting a slightly bullish trend.   Daily Graph of BCE ($58.19 on Friday, January 13, 2017) We can also see that the stochastic oscillator (the lower indicator) has begun...

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9 months ago