Aug 13, 2013 Question of the Week by Richardson GMP

by Canadian MoneySaver

If commodities aren’t leading the TSX Index anymore, which areas of the market have taken up the leadership position?

Very interesting question indeed. At the beginning of the year, many strategists encouraged investors to continue looking at technology and healthcare stocks in the United States, but options here in Canada were limited. So does that mean they were ignored altogether? We don’t believe so. We decided to take a look at which stocks have outperformed and underperformed within the S&P/TSX Composite Index and below we provide you with the 15 highest and lowest year-to-date returns. As you can see healthcare/pharmaceutical stocks such as Valeant and CML Healthcare were near the top along with technology names such as CGI, MacDonald Dettwiler & Associates, Celestica and Constellation Software. It comes as no surprise that the vast majority of the largest price declines belong to precious metal miners. So resources are no longer leading the charge in Canada, instead other sectors within the S&P/TSX Index have stepped up to the plate

By The RM Group at Richardson GMP Limited. Our Group can help you.

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Source: Richardson GMP Limited

The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons, Limited. GMP is a registered trade-mark of GMP Securities L.P.

Both used under license by Richardson GMP Limited

 

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