Thursday Noon Radio Investment Advice

Rallying - On the rise today are financials and healthcare stocks. The Canadian dollar is up slightly too. In terms of breadth, 113 stocks are up, 116 are down, and 6 are unchanged.
Reversing - Stocks have reversed course a couple of times today. They opened lower this morning following weaker than expected U.S. Initial Jobless Claims data. As the morning progressed markets improved after the release of Existing Home Sales for the month of August increased and Leading Indicators rose. They are currently in the red with Energy, Materials, and Industrials leading sectors losses .
Opportunity - Credit Suisse believes the U.S. telecommunications sector is poised to "outperform" the broader S&P 500 Index. The basic premise of their investment case is lower growth for the U.S. economy that will lead to lower earnings growth for the S&P 500 over the next three to five years. Telecommunications is uniquely positioned to deliver superior relative returns in this environment. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.