Bullboard - Stock Discussion Forum Power Corporation of Canada T.POW.PR.E

Primary Symbol: T.POW Alternate Symbol(s): T.POW.PR.A | PWCCF | T.POW.PR.B | PWCDF | T.POW.PR.C | T.POW.PR.D | T.POW.PR.G

Financial Services Insurance - Diversified

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company operates through three segments: Lifeco... see more

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TSX:POW - Post Discussion

Power Corporation of Canada > CIBC comments

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Post by TimeBuilder on Jul 27, 2023 11:12am

CIBC comments

09:36 AM EDT, 07/25/2023 (MT Newswires) -- Investors should favour the S&P/TSX Composite Index over the S&P 500 in the third quarter, CIBC Capital Markets technical analyst Sid Mokhtari said.

"In our opinion, the risk/reward setup for value exposure looks attractive, particularly from a relative strength perspective," Mokhtari said in a note to clients.

The analyst said relative indicators for the TSX index (currency adjusted and non-adjusted versus SPX) appear "poised for a period of positive mean reversion, favouring TSX over SPX in Q3."

Mokhtari said the top 10 value-oriented TSX stocks with the right technical backdrop are Russel Metals Inc. (RUS.TO), iA Financial Corp. (IAG.TO), Great-West Life Inc. (GWO.TO), CI Financial Corp. (CIX.TO), Power Corp. of Canada (POW.TO), Sun Life Financial Inc. (SLF.TO), Parkland Corp. (PKI.TO), IGM Financial Inc. (IGM.TO), Air Canada (AC.TO) and Parex Resources Inc. (PXT.TO).

Price: 37.86, Change: -0.04, Percent Change: -0.11

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