- Loblaw Companies Limited (L)
- Dollarama Inc. (DOL)
- Stella-Jones Inc. (SJ)
- Alimentation Couche-Tard Inc. (ATD)
Q: H - all 4 down sharply post fed day. Only one with earnings was DOL but they did very well. Any explanation as to why severe drawdowns today?
5i Research Answer:
DOL had two rating cuts by brokers yesterday but there is no news on the other three. To us this looks like sector-rotation with investors seeking more excitement in other rallying sectors, leaving less need for some 'safer' names.