Top Ten Portfolio Has Growth Spurt Last Week, Rising 2.8%

Portfolio Up 22% For The Year

December 22, 2019 Bob Weir Market Insights, Top-Ten Portfolio

eResearch | The Top Ten Portfolio put on a “growth” spurt last week with a gain of 2.8% to $609,764. The S&P/TSX Composite Index rose 0.8% so the Top Ten Portfolio gained some ground against the benchmark and now only trails it by 0.6% for the year.

YTD Gain 22.0%

Our initial investment was $500,000 so, at $609,764, the Top Ten Portfolio is ahead by 22.0%, which includes dividends received and trading profits.

Cash

No changes were made to the composition of the Top Ten Portfolio last week, so the cash component continues to be 15% of the overall Top Ten Portfolio value. We still think that there could be a near-term correction, but we are equally cognizant that the Holiday Season is usually a buoyant time for stocks, which often extends into the first few weeks of January.

Market Decline

In terms of a possible sell-off, if and when it occurs, based on current metrics it is likely to be shallow and short-lived. A pull-back of 5%-7% would be welcome if it opens up attractive buying opportunities.

Worst and Best Performers

Currently, only 2 of the 9 stocks in the Top Ten Portfolio are “under water”. These are NFI Group and Vermilion Energy. The best performers are AltaGas, Kinaxis, and Parex Resources.     

The current Top Ten Portfolio is presented below:

2019-12-22 Top 10 Portfolio - portfolio
Source: eResearch.com

You can read our comprehensive report here: Top Ten Portfolio – December 20, 2019

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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).

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