Bullboard - Stock Discussion Forum Topicus.Com Inc V.TOI

Alternate Symbol(s): TOITF

Topicus.com Inc. is a Canada-based provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. The Company is engaged principally in the development, installation and customization of software and the provision of related professional services and support for customers across several diverse markets primarily in Europe... see more

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TSXV:TOI - Post Discussion

Topicus.Com Inc > Technology Sector Upgraded

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Post by retiredcf on Jun 06, 2023 11:42am

Technology Sector Upgraded

You're welcome shaker. GLTA

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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