Income Financial Trust T.INC.UN

Alternate Symbol(s): ICFNF

Financial Services Asset Management

Income Financial Trust (the Trust) is a Canada-based investment trust fund that invests in a diversified portfolio. The Trust’s investment objective is to provide unitholders with a stable stream of monthly distributions by investing in a diversified portfolio consisting primarily of common shares issued by corporations whose shares are included in the S&P/TSX Capped Financials Index, the S&P 500 Financials Index or the S&P MidCap 400 Financials Index. The Trust’s objective is also to provide tax-effective monthly distributions targeted to be 10% annualized, based on the volume-weighted average market price of the units for the last three trading days of the preceding month. Quadravest Capital Management Inc. (Quadravest) serves as the investment manager for the Trust.

TSX:INC.UN - Post by User

Income Financial Trust

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Post by pulcanon Dec 08, 2024 10:27am

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Post# 36351562

Rate cuts, the banks and latest chart INC....

hi all, so far this month has been big for the Nasdaq and tech stocks. Talk about Microsoft news on AI and the pop this stock did last week. Regardless our focus is rate cuts for Canada this week on the 11th and followed by the Fed later in the month for the US. Right now they are talking another .50 bassis cut for Canada and i do not know if this will happen. Regardless there will be something as we go into 2025. That will be a good or bad thing!! As for the banks any rate cut in Canada means more money flow into the banks and more velocity so get ready for moves. RBC posted good news already on the qtr earnings and its only getting better!

As for us lets look at INC stock and the past and future. This stock is ready to push forward and the moves this stock can make is exciting since the shares outstanding are over 2million and float 3million. Very nice strong move can happen at any day without notice.

see the chart on the history of this stock and where it was before the run, you will see how fast the spike in share price came in and moved. The dividend is not a concern as you will get a VWAP of the last 3 trading days so all positive and a bonus. This stock at one point posted a .146 per share back in 2021. so there is a massive uptrend in the making and this stock is behind. see the link to the site....https://www.quadravest.com/inc-distributions

Also the Net value is over $9 a share so we are due for a move past $9 a share to start..

chart below is from the past 2021 and we are following the same trend ..
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Now lets move forward to 2024 and we are just strarting the move...and we are behind!!

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see the latest bank holdings as of November 28th and all the good banks are in the top 5. Goldmansachs is leading the way and thats a good one for the US! see the link...https://www.quadravest.com/inc-fund-features

Top Holdings Sorted by weight as at November 29, 2024

Goldman Sachs Group Inc
TMX Group Ltd
Sun Life Financial Inc
Royal Bank of Canada
National Bank of Canada
Manulife Financial Corp
American Express Co
Huntington Bancshares Inc
Canadian Imperial Bank of Commerce
Wells Fargo & Co

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