5 from 5i: The reality of low-volatility stocks

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Market View

It has been reported that President Donald Trump has asked officials to start drafting a potential trade deal with China. The US has reportedly re-imposed sanctions on Iran and has agreed to let eight countries, including Japan, India, and South Korea to continue buying Iranian oil. The Canadian dollar was 76.33 cents U.S. The week ended with the TSX up 0.7% and S&P500 up 1.2%.

It was a mixed bag of greens and reds this week. Five of the 12 subgroups were in positive territory. Materials were up 5.9%, technology 4.4%, industrials 3.1%, consumer discretionary 1.9%, and financials 1.5%. Utilities saw the deepest fall by 3.1%, energy was down 1.5% and real estate 0.9%. Hudbay Minerals reported quarterly results, which resulted in share prices jumping 22%. The company also announced a deal to buy Mason Resources Corp, whose stock jumped more than 100%. BCE beat profit estimates, which it attributed to more wireless subscribers in the quarter. Canadian Natural Resources’ net income rose to C$1.8 billion or $1.47 per share in the third quarter from $684 million or 56 cents a year prior. The most heavily traded shares by volume were Green Organic Dutchman, Aurora Cannabis and Mega Uranium.

 

5 from 5i

Here are five reads we found interesting last week:

-The reality of low-volatility stocks

-Future of consumer staples dividends

-After what we saw in October, are bonds the way to go?

-Rallies in the bear market, a known fact

-What is IBM trying to do

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