Shares of companies in the renewable energy space have been under pressure lately as they are expected to be negatively impacted by rising interest rates. We believe that the share price declines have been overdone, and that long-term recovery prospects are attractive. We highlight TransAlta Renewables (TSX: RNW) in this report. [more]
The Energy sector and its associated companies and their stocks seem likely to continue to outperform despite increasing economic and market headwinds. [more]
Since April 2020, CU has been trading in an extensive rectangle between $30 and $37. One year later, in April 2021, the stock began its assault on its upper parameter, but the stock failed to overcome resistance at $37. It seems that some kind of catalyst is needed to get CU “over the hump”. [more]
Canadian Utilities has an attractive dividend yield and also some appreciation potential from current levels. [more]
This is an update article to the original “Chart of the Day” report on Suncor from September 20, 2021. Suncor’s stock price is up 19% in 3 weeks. [more]
The Energy sector has not performed well over the past ten years. One of the laggards in the last few years is Suncor. This can be attributed to its almost singular focus on its oil sands projects. But, Suncor is now seriously evaluating non-fossil fuels opportunities. If Suncor can break above the Chart’s declining down trend-line, this would be very favourable for the stock, with greater expectations for further appreciation. [more]
The S&P 500 Index might have reached a near-term peak. The index is struggling to stay above its rising trend-line. It has also experienced a near-perfect, albeit short, “roll-over”. Is this the start of a pull-back? [more]
For intermediate- to longer-term investors, it might be propitious to take a position in a gold ETF before the seasonal strength for gold starts in July. Looking at the short-term for gold ETFs, the June break-down, particularly with the gap lower, suggests bearish tendencies. [more]
The S&P/TSX Composite Index (“S&P/TSX” or the “Index”) has reached a milestone. For the first time ever, it has closed above 20,000! From the March 2020 low, the Index has gone almost parabolic, with just a brief pause in September – October last year. This kind of relentless upward move usually ends with a pull-back, often resulting in a significant retraction. Downside support sits at 18,000. [more]
The S&P/TSX Composite Index has reached an important point at its current level. Right now, we have the forming of a possible Double Top around 18,000. A break-down from here could possibly lead to many months before the Index challenged the 18,000 level again. [more]
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