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S&P/TSX Composite

Corus_Entertainment_(TSX:CJR.B)_May_17_2018Corus is a Canadian Media company with interests in the radio, publishing, and television sectors. It was a part of Shaw Communication till 1999 when it was spinned off as a separate company. Since 2014, CJR.B has been in a state of decline owing to the rise of Netflix and other internet based media networks which has impacted advertising revenue. However, even though Television viewership is shrinking, it will not completely die out. There will always be customers for speciality television shows such as those that Corus Entertainment owns and operates. Radio was long presumed to be dead but has found a niche market; I believe television will find its own market. Currently, my analysis indicates that a symmetric triangle is developing. Volume is contracting as the price moves towards the peak of the triangle. Depending upon which way CJR.B breaks outs, we may want to buy or short the stock. However, at these prices CJR.B is yielding over 15% dividend. I think there is sufficient support for the stock around $6.00 as evident by the strong volume at that price level. Earnings are also above analyst estimates (the last earnings was). Based on the probabilities, I would take a gamble at the stock around $6 and hold it till the sector goes strong again. Even though the price may never reach the peak levels of 2014, a 15% dividend is not bad these days. Ofcourse the dividend can be reduced; which any sensible management would do. But in this case, the management seems extremely shareholder friendly with almost firm reassurance that the dividend will not be impacted.
TSX:CJR.B
by advisacorp
1
Blackberry_(NYSE:BB)_May_16_2018Since the demise of Nortel, Blackberry was the darling of the Canadian Tech Sector till about 2008. However, the rise of Apple combined with the Great Recession of 2008 caused the stock price of BB to drop from $130 to $40. Proliferation of touch screen phones running on Google's Android platform since then further contributed to the stock's decline. The stock was trading around the $9-10 range in 2016-2017. However there has been some recent interest in the company owing to its expertise in developing corporate security products and how those same technologies could be leveraged for the Internet of Things (IOT) world. Currently, the intermediate term trend is bullish; the short term trend is bearish. I think the chart pattern can be either classified as: 1) Descending Triangle 2) Symmetric Triangle The burden of proof leads me to believe that a descending triangle is more appropriate. I think by the next earnings call (later this month) we will know which way BB will break out. If the breakout is towards the positive side, I see the stock price trading in the $14 price range. If the breakout is negative, I see support around $10.25. Based on the last few earnings report, my guess will be that the stock will make a breakout in a bullish manner. however, I will wait a few more days to confirm the trend before buying in. Happy Trading!!!
NYSE:BB
by advisacorp
Enbridge_(TSX: ENB)_May_10_2018Enbridge is one of the largest energy infrastructure companies in North America. It operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. It's primary area of operations include Canada and the United States. The stock has treaded downwards since it announced the acquisition of Spectra Energy in 2016 resulting in a debt of close to $60 billion dollars. However, the company has started to sell several non-core assets for which the has received considerable interest from potential buyers. In the long run as oil and gas prices increase, Enbridge is surely going to benefit from the increase in prices. In the short to medium term, the price has cross the upper bound of the channel. Buyers interested in buying should wait till the stock pull back to the upper support of the channel and confirm that the support holds. However, I strongly believe that at these prices the stock is a steal compared to the assets and potential income from those assets.
TSX:ENBLong
by advisacorp
Hydro_One_(TSX:H)_May_09_2018Hydro One is an electricity transmission and distribution utility serving the Canadian province of Ontario. Currently, Hydro One is trading at historic lows since its IPO. The underlying trend is bearish, while the chart pattern is Broadening Bottom. At this point the price can go either way. Currently, the support is being tested at the trendline (Dividend is around 4.4%). If price drops further (below CAD $20, then the probability that the price may go down further increases. However, if price does not drop further within the next few days, this is an excellent entry point as the probability of a price rise after an broadening bottom with an underlying bearish trend is over 50%. The elections in Ontario (to be held in June) will be a critical factor in determining the mid to long term outlook for the stock. Currently, all parties (political) do not want the price of electricity to go up (the government is a large shareholder of the utility). However, after the elections these poll pledges might disappear as energy prices across all sectors tend to rise (especially during the summer months).
TSX:H
by advisacorp
1
Nice cup and handle pattern with breakoutBombard has long been a TSX laggard but, much like blackberry, its looking at big gains in 2018 following the release of C-series that was heavily delayed on many fronts (which was not good for them) In the last weeks it has broken through resistance that was holding it back for almost 3 years at the $2.80 region and has broken out from a cup and handle formation on exceptional volume. I'd defenetly be looking to enter long around $2.95-3.00 region as this stock has become a beauty to hold again for 2018 from a technical and fundamental standpoint.
TSX:BBD.BLong
by MysteriousPersian
1
$Oil rallies on positive API - Long order filled for $TCWA buy order that I placed months ago for Trican Well Services ($TCW) was triggered at today's open. API numbers for Oil appears to have been released. I have set my s/l around $3.00 for the time being. I plan to hold this trade for a few weeks, possibly longer. Parabolic SAR has turned Bullish but we are still below the kumo cloud. This stock ultimately will follow the price of $OIL. If the rally can continue, volume will increase and $TCW should advance. Buy and hold...just my thoughts, not financial advice.
TSX:TCWLong
by saburdometals
1
SHOP: Short Term Correction Before We Hit $205 TargetObservations We are currently in the intermediate 3rd wave of the major 5th wave. Based on Elliott wave count, it appears that intermediate 3rd wave is complete which means we are due for a correction. Expecting wave 4 to be a small correction within 0.236 - 0.382 fib zone as wave 2 was a very significant correction to 0.786 fib. Target price for the intermediate 5th wave appears to be around $205.00 based on 1:1 ratio of the 1st wave. Side Note: I absolutely love SHOP. It is definitely a great company to be holding long term. I have been in since $32.00 but have sold late October year for about $147.00 to reinvested those gains into my MJ stocks :) Disclaimer For informational purposes only and not deemed as financial advice
TSX:SHOPLong
by modernpicasso
TSX : It not as bad as the media suggests.As always, the media likes to create FUD. In reality, it,s a minor pullback. It's actually a fantastic time to find new opportunities in the market. Think of it as a sale on equities, 15% off regular prices. Who doesn't like a good sale? Maybe add a little more to your long-term ETF's for example. The health sector is in a huge pullback.. mainly the POT stocks. Yesterday may have been the bounce. Look for new opportunities in that sector. Financial sector looks to be about the same thing, just a correction. I am not a financial advisor, use your best judgement. Trade within your means. And always use a stop-loss. Rule #1 should always be capital preservation. I suggest that we all ignore the noise from the media, and just watch our charts for new ideas.
TSX:TSXLong
by 4XRandalll