-
Intact Financial Corporation (IFC)
-
Stantec Inc. (STN)
-
Alimentation Couche-Tard Inc. (ATD)
-
Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
Q: Hi, In a strong market and a FED induced rally, above stocks sold off sharply, in Today's trading, perhaps for different reasons. Drop in HPS.a, could be attributed to profit taking against the back drop of 300% jump, this year. But, the other three companies, I thought, will be benefitted with lower rates cycle over 2024/2025. May be, I am wrong. It;s just that, when some stocks don't go up ( and decline) in otherwise strong up market, makes me wonder, what am I missing ? Thank You
5i Research Answer:
We don't find it overly constructive to look at a single day's trading. A single large instituitional selling could move prices here, especially on smaller companies. ATD is seen as conservative, so maybe investors are moving to more exciting sectors. It is up 25% YTD. STN is up 56%. We don't think anything is 'missing' here.