Prospects for stocks look appealing on 6 to 12 month horizon
Fund “impressed” with companies’ management teams, technologies
Benchmark index was overdue for pullback
Expectations for growth down sharply
Demand for electricity will fuel increases
Earnings growth will lift the S&P/TSX composite index to the 13,200 level by year end, suggests CIBC World Markets in a new report. “The TSX has been setting recurrent records recently. An earnings-rich rally, however, means the market is still not particularly expensive, trading at close to 16 times four-quarter forward earnings, which is comfortably […]
Demand expected to grow as global tensions rise
Investors continue to overweight global equities, recommends BCA research.“Global equities are still in the midst of a bull market, which started in early 2003. We maintain our view that this asset class still offers the best upside potential,” it says in a research note.“Although short rates in the U.S. may be close to neutrality, the […]
Larger the usual decline forecast for TSX
Despite concerns, ABC manager remains optimistic about bull market