Top Ten Portfolio Essentially Range-Bound For October

Portfolio Up 14.4% Year-To-Date

October 26, 2019 Bob Weir Market Insights, Top-Ten Portfolio

eResearch | The Portfolio continues to struggle and is still under-performing the S&P/TSX Composite Index.

Four of the current nine stocks in the Portfolio are “under water”, with Vermilion Energy decidedly so. Still, overall, after adding in dividends received and accounting for trading profits, the Portfolio is up 14.4% since inception at the beginning of the year.

Best Performer: AltaGas

AltaGas is the best performer although the stock has been “stuck” in the $19’s for some time. Canada Goose, Kinaxis, and Parex Resources have been up and down. In the present market, it might be prudent to be slightly more nimble and take short-term profits when available. I am still expecting an Economic Recession to arrive in Canada sometime between November 2020 and April 2021 (see our weekly Recession Barometer report). But, the question is, just how far in front of a possible recession will the stock market turn nasty to reflect this negative economic occurrence? So, I remain cautious for now.

Here are the stocks in the Portfolio …

2019-10-24-Top-10-Image1 — *Source: eResearch Corp.*

… and here is the Portfolio’s performance.

2019-10-24-Top-10-Image2 — *Source: eResearch Corp.*

You can read our entire report here: TopTen_102419

About Bob Weir 329 Articles

Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).