Bullboard - Stock Discussion Forum illumin Holdings Inc T.ILLM

Alternate Symbol(s): ILLMF

illumin Holdings Inc. provides a journey advertising platform, which enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. It enables marketers to connect intelligently with audiences across video, mobile, social and online display advertising campaigns. Its Programmatic Marketing Platform, powered... see more

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TSX:ILLM - Post Discussion

illumin Holdings Inc > Technology Sector Upgraded

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Post by retiredcf on Jun 06, 2023 11:40am

Technology Sector Upgraded

BMO chief strategist Brian Belski raised the domestic technology sector to overweight after a strong period of outperformance,

“In line with the US, we are upgrading Canadian Information Technology from Market Weight to Overweight. From our perspective, while there are clear compositional differences within the Canadian and US Technology sectors, Canadian Technology has shown a clear and consistent reversal in fundamental trends over the last few quarters. Furthermore, the renewed focus on operational efficiency, combined with the strong long-term growth profile implies this sector should be overweight in Canada. So, despite the extremely strong YTD sector performance, we believe this momentum, even if it sees some deceleration, is likely to persist for the foreseeable future. We are increasing our weight in Technology by 1.5 per cent to 9.0-per-cent target, and slightly reducing our weight in our Overweight sectors - Financials (-0.5 per cent) and Materials (-1.0 per cent)”.

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