Stocks & Equities

Stocks to Follow - WPT Industrial REIT

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Posted by Michael Markidis, Desjardins Online Brokerage

on Friday, 09 December 2016 11:10

wptWPT Industrial REIT is a US-based owner of high quality industrial properties located in 12 US states, with a fair value of ~US$800m based on International Financial Reporting Standards (IFRS). The REIT’s state-of-the art industrial portfolio boasts an average clear ceiling height of 31 feet (best-in-class 30–36+ feet clear height allows for higher stacking, which is key for warehouse/distribution real estate) and an average age of just 14 years. WPT caters to e-commerce, warehouse and logistics users; its ten largest tenants account for 42% of revenue, and include high-profile tenants such as General Mills, Unilever, Zulily, CEVA, Amazon, eBay and Honeywell.

Owing to its young portfolio and low renewal/re-leasing costs, WPT boasts a highly... CLICK HERE for the complete analysis


Stocks & Equities

Stocks to Follow - StingRay Digital

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Posted by Maher Yagi, Desjardins Online Brokerage

on Friday, 09 December 2016 11:04

stingrayStingray is a Montréal-based company that broadcasts curated music TV channels through agreements with TV service providers, with contracts typically spanning 3–5 years. This segment represents ~75% of total revenue and is viewed as the main area of focus by management. The company’s remaining business consists of providing commercial music and digital signage services to retail businesses. Stingray currently has close to 300 employees across the globe and should generate more than C$100m in revenue in 2017, in our view.

While we acknowledge that the music broadcasting industry is challenging, we believe... CLICK HERE for the complete analysis


Stocks & Equities

Goldman Sachs is responsible for a massive chunk of the 'Trump rally'

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Posted by Business Insider

on Wednesday, 07 December 2016 09:46

The stock market has gone on quite a tear since the election of Donald Trump. In fact, the colloquial name for the recent surge in the market is the "Trump rally."

One company has stood above the rest during this "Trump rally," however.

As noted by market legend Art Cashin, the director of floor operations at UBS and long-time trading veteran, Goldman Sachs, one of the 30 stocks making up the Dow Jones Industrial Average index, has been responsible for a huge amount of the increase in that index. From Cashin's daily commentary on Wednesday (emphasis added):

"The Dow closed up 35 points and almost 23 of those points came from Goldman Sachs (GS). In fact, our good friend and fellow trading veteran, Jim Brown, at Option Investor, points out that GS has rallied $57 since the election. That means that GS has provided 441 of the 1363 points that the Dow has rallied. In case your calculator batteries are dead, that's about one third of the rally, all due to Goldman."

In fact, the recent jump for Goldman has put the stock at an all-time high.

Investors seem to be betting that the deregulation of the financial industry - Trump and his new Treasury Secretary Steven Mnuchin have talked about rolling back the Dodd-Frank Act passed after the financial crisis - and rising interest rates in the bond market could be a boon for Goldman.

Trump was sometimes critical of the bank prior to the election, even featuring Goldman CEO Lloyd Blankfein in an ad highlighting people that the candidate claimed did not have America's interests in mind. Blankfein came out after the ad in support of Hillary Clinton.

Trump has hired a number of Goldman Sachs alums in powerful administration positions, including Mnuchin, who was a Goldman banker for 17 years.


...also: Bank of Canada holds, says 'economic slack remains'


Stocks & Equities

Relief Rally Coming in Gold and Gold Stocks

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Posted by Jordan Roy-Byrne - The Daily Gold

on Monday, 05 December 2016 08:55

Last week we wrote that Gold was broken but noted the oversold condition in the precious metals sector as well as the relative strength in the gold stocks. At one moment last week, the gold stocks were trading above where they were in mid-November when Gold was trading some $60/oz higher. In other words, Gold plummeted $60/oz and made a new low yet the gold stocks did not. It took a bit longer than we expected but Gold and gold mining stocks may have started their rebound at the end of last week.

Gold formed a bit of a bullish hammer last week as it managed to close the week well off its low of $1162/oz. Note that Gold managed to rebound from support around $1155-$1160/oz, which is the strongest support between $1080 to $1180/oz. Gold was already oversold when it broke below $1200/oz. The likelihood of a rebound was increasing after Gold lost $1180/oz. Going forward, the rebound targets are $1210/oz, $1230/oz and $1250/oz. We think Gold will test its 40-month moving average at $1230/oz.

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As we noted, the gold stocks have held up very well in recent weeks considering Gold’s continued decline. Most of the recent daily candles signal accumulation and Friday’s gain could be the start of a sustained rebound. The strongest confluence of resistance is at GDX $23.50 and GDXJ $39. These are the conservative, realistic targets. There is also a chance miners could rally a bit farther towards very strong resistance near GDX $26 and GDXJ $42.50.



Stocks & Equities

The Financial Markets After the US Election

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Posted by Mathieu D'Anjou, Desjardins Online Brokerage

on Friday, 02 December 2016 15:21

bond yields

After the British backed the Brexit option at the start of the summer, U.S. voters in turn confounded forecasters by choosing Donald Trump as their next president in early November. Most observers initially expected that scenario to trigger a big surge in concern that would hurt risky assets. In the end, the surge in anxiety lasted just a few hours on the evening of the election, and investors quickly focused on the fact that the president-elect’s campaign promises could result in stronger growth and higher inflation in the United States. The outcome was a quick jump in stock markets, bond yields and the U.S. dollar. Investors must now ask themselves whether these moves are justified and if recent market trends will continue.

Although the dust has settled a bit after the election, we must first recognize that much uncertainty remains about what policies the future Trump administration will actually implement. The president-elect is still in the process of putting together his team and only takes power on January 20. He seems determined to quickly announce a series of measures, but it could take several months before they start to impact the economy. There is however some consensus among elected Republicans on...

CLICK HERE for the full analysis


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