Q: I have a few small and midcap Canadian stocks which are down 20-30% since Covid hit. Well Health is an example. I’ve been thinking of trimming at a loss to put the funds into something performing better today. I still have confidence in companies such as Well Health and am in no hurry to trim. I understand each stock is down due to a range of different factors but the underlying theme might be capital flight from smaller growth companies. My question is what might be the impact on small and midcap Canadian stocks if the BofC lowers rates June 5 and again in the next few months. Is this enough of a spark to see these stocks see any kind of recovery in the next 12 months?
Thanks for your wisdom in helping me better understand the macro forces at play.
Thanks for your wisdom in helping me better understand the macro forces at play.
5i Research Answer:
WELL is quite cheap; the stock has been under pressure recently as the company is quite...