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 (
), Bank of Montreal (
), Canadian Natural Resources (
), Canadian Tire (CTCa), Goldcorp (
), Inmet Mining (
), Imperial Oil (IMO), Loblaw (L), Power Corporation (POW), Royal
Bank of Canada (RY), TD Bank (TD), and George Weston (WN)."
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