Analyst Actions: Credit Suisse Canadian Equity Strategy - Looking For Laggards With Potential To Lead Into Year-End Performance

By Staff,

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Available alpha? "Going into year-end, we performed multi-faceted screens on the S&P/TSX 60 to identify opportunities among the weakest market performers. Beyond lackluster performance, our screening process focused on several Credit Suisse proprietary investment tools, including: HOLT; our Quantitative team's Alpha Scorecard; historical RAVE valuations; and, the fundamental ratings from our equity research team. Full report highlights some of the preferred stocks from our analysis of laggards. Specifically, the exhibit provides the stocks satisfying three of our four criteria, the laggards rated Outperform by fundamental research and the screen survivors."

Specific screens: "Our screening focused on the following: (a) for the year-to-date, the overall and sector specific S&P/TSX 60 laggards; (b) stocks with recent year-to-data positive Alpha Scorecard momentum; (c) positive warranted price in HOLT; (d) reasonable RAVE valuation; and, (e) Outperform rated by our fundamental research team."

Selected stocks: "With our screening approach, both Bank of Montreal and Canadian Natural Resources looked favourable into year-end as catch-up candidates. In addition, we considered stocks that satisfied three of the four conditions to generate the following stocks: Barrick Gold ( ABX ), Bank of Montreal ( BMO ), Canadian Natural Resources ( CNQ ), Canadian Tire (CTCa), Goldcorp ( G ), Inmet Mining ( IMN ), Imperial Oil (IMO), Loblaw (L), Power Corporation (POW), Royal Bank of Canada (RY), TD Bank (TD), and George Weston (WN)."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: ABX , BMO , CNQ , G , IMN

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