Bullboard - Stock Discussion Forum Russel Metals Inc T.RUS

Alternate Symbol(s): RUSMF

Russel Metals Inc. is a metals distribution company in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. The Company’s network of metals service centers carries a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished... see more

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TSX:RUS - Post Discussion

Russel Metals Inc > CIBC comments

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Post by TimeBuilder on Jul 27, 2023 11:13am

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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