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In Volatile Times, Predictable Stocks Are a Wise Move

by: FP Trading Desk September 25, 2008 | about stocks: AAIAF.PK / BDRAF.PK / CGT / CJR / CLS / DIIB.PK / GIB / GNA / HUSKF.PK / IMO / IQW / LRCDF.PK / MJDLF.PK / MTRAF.PK / OTEX / RTMNF.PK / SJR / TCL / TMTNF.PK / TORSF.PK / TU    

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RBC Capital has released a list of stocks on the S&P/TSX Composite Index it claims will have the most “predictable” positive performance.

“Predictability factors tend to perform well during low earnings growth environments or periods of high market volatility,” RBC analyst Chad McAlpine said in a note on Wednesday. The list was produced using RBC's proprietary computer models and boasts “defensive, high-quality names ... they offer strong growth profiles at attractive valuations,” he said.

Three sectors, namely industrials, information technology and consumer discretionary, all stood out with high representation on the screen relative to their index weightings. “On the other hand, financials don't look very appealing at this stage,” Mr. McAlpine said.

Here's the list, by sector:

  • Energy: Husky Energy Inc. (HUSKF.PK) and Imperial Oil Ltd. (IMO).
  • Materials: Gerdau AmeriSteel Corp. (GNA) and Major Drilling Group International Inc. (MJDLF.PK).
  • Industrials: Bombardier Inc. (BDRAF.PK), Toromont Industries Ltd. (TMTNF.PK), CAE Inc. (CGT) and Transcontinental Inc. (TCL).
  • Consumer Discretionary: Dorel Industries (DIIB.PK), Astral Media (AAIAF.PK) Quebecor Inc. (IQW), Reitman's (Canada) Ltd. (RTMNF.PK), Corus Entertainment Inc., (CJR), Torstar Corp. (TORSF.PK); and Shaw Communications Inc. (SJR).
  • Consumer Staples: Metro Inc. (MTRAF.PK).
  • Financials: Laurentian Bank of Canada (LRCDF.PK), National Bank of Canada [NA/TSX], Home Capital Group and Power Corp. of Canada [TSE:POW]
  • Information Technology: CGI Group Inc. (GIB), Celestica Inc. (CLS) and Open Text Corporation (OTEX).
  • Telecommunication Services: Telus Corp. (TU).

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This article has 4 comments:

  •  
    Sep 25 03:00 PM
    One motley crue. (sic)
    Reply
  •  
    Sep 25 03:17 PM
    so many PINK SHEET recommendations ??? that is very risky and difficult to buy/sell. stick with NYSE/NASDAQ/AMEX listings
    Reply
  •  
    Sep 26 02:26 PM
    I laughed at the PK recommendations, are you out of your mind??

    avg of 300 share traded per day isn't my idea of LIQUIDITY. Lovely part about this alpha site is everyone can post...

    mining101.blogspot.com
    Reply
  •  
    Oct 04 01:47 AM
    You guys are morons and so is the person who put the US tickers for CANADIAN names.

    These recommendations for the S&P/TSX Composite - i.e. stocks whose main listing is on the TSX Composite where there is plenty of liquidity relative to the Canadian market. Obviously a similar list for US based names would be different.
    Reply
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