after a good 1st quarter the market had a few weeks, where there is a sell off, actually Toronto loss its gains for the year.
the markets will be volatile, and will be in a range.
oil probably drifts around $100, though that sounds like good news, many producers in North America are not getting that price.
the Cdn. oil sands players are also being hurt by the heavy oil differential, which is getting wider, sometimes getting 70-75.
so cnq (Cdn. natural resources, and Suncor though having a good week so far have not done anything for the year.)
own cnq and have covered calls on the position, have call on almost all positions.
TCK.b TCK copper will follow the world wide economy, however at current prices most of the miners are making good money. the bigger concern is the prices of met coal which should be higher, a concern for the world wide economy ie. for steel.
would like tck to be in a range of 34-40 have calls and options.
ORCL the stock is trading at cheap valuations, and the quarterly earnings report was for the most part good, however the major concern and it is a big one, the lack of revenue growth.
also scary if they buy into more cloud companies, because the valuations are rich.
have a small position on orcl and have written calls on the company, just believe they will not break through 30-32 in the next 3-4 months...so will collect premiums.
One stock I have bought for my TFSA (Tax Free Savings Account) allowed 5,000 per year, if you forget you can make up for past years.
is AW.un this is AW restaurants, and trades on Toronto...bought for 20.85-20.90 and have owned it for 3 months. it yields 6.29% 1.404 div.
small position and would like to add to the position, sometimes it corrects when the market sells off, one time went from 22-21.40 in a week, then back well 21.90.
they will be added more restaurants in Ontario, and slowly increasing the div...as they have in the past, counting div should make 6-8% going forward, maybe 10%.
thanks
selkirk
the markets will be volatile, and will be in a range.
oil probably drifts around $100, though that sounds like good news, many producers in North America are not getting that price.
the Cdn. oil sands players are also being hurt by the heavy oil differential, which is getting wider, sometimes getting 70-75.
so cnq (Cdn. natural resources, and Suncor though having a good week so far have not done anything for the year.)
own cnq and have covered calls on the position, have call on almost all positions.
TCK.b TCK copper will follow the world wide economy, however at current prices most of the miners are making good money. the bigger concern is the prices of met coal which should be higher, a concern for the world wide economy ie. for steel.
would like tck to be in a range of 34-40 have calls and options.
ORCL the stock is trading at cheap valuations, and the quarterly earnings report was for the most part good, however the major concern and it is a big one, the lack of revenue growth.
also scary if they buy into more cloud companies, because the valuations are rich.
have a small position on orcl and have written calls on the company, just believe they will not break through 30-32 in the next 3-4 months...so will collect premiums.
One stock I have bought for my TFSA (Tax Free Savings Account) allowed 5,000 per year, if you forget you can make up for past years.
is AW.un this is AW restaurants, and trades on Toronto...bought for 20.85-20.90 and have owned it for 3 months. it yields 6.29% 1.404 div.
small position and would like to add to the position, sometimes it corrects when the market sells off, one time went from 22-21.40 in a week, then back well 21.90.
they will be added more restaurants in Ontario, and slowly increasing the div...as they have in the past, counting div should make 6-8% going forward, maybe 10%.
thanks
selkirk
