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The Canadian insider blog discusses news and insight found among insider and significant shareholder filings in Canada.
 
Ted Dixon is co-founder and CEO of INK Research. He is the creator of the INK Canadian Insider Index, and is the editor of the daily Morning INK and weekly Market INK reports. He is a regular contributor to the Globe and Mail's Globe Investor pages and has also worked as a part-time lecturer in corporate finance at the British Columbia Institute of Technology. Before starting INK, he worked at the Connor, Clark & Lunn Financial Group where his responsibilities included portfolio strategy and product development. He has also been an analyst at the Fraser Institute and a treasury specialist at the TD Bank. He is a Chartered Financial Analyst and member of CFA Vancouver. He holds an MBA in Financial Management from the University of Chicago, and a Bachelor of Commerce from UBC. Listen to his weekly economic commentary on Vancouver's Roundhouse Radio FM 98.3.
 
Victor Wong is a business and client development associate at Canadian Insider and an avid market watcher.
 
Nicholas Winton contributes technical commentaries on the INK Canadian Insider Index. Nicholas also writes the High on the Hog blog.

 

 

Number Cruncher: Fifteen stocks only a Santa contrarian could love

 What are we looking for?

We are in the traditional Santa Claus rally season when stocks tend to rally after tax-loss selling abates.

Since beaten-down shares are prime candidates for a Santa rebound, today we are looking for the 15 top ranked INK Edge names that have the worst price performance. While there is no guarantee that the Grinch won’t steal the show and send stocks lower, today we assume that Santa will arrive on schedule.

Canadian mid-caps edge out US peers year-to-date in local currency

This morning we are doing a brief review of the major themes that we started out 2015 with in both Canada and the US. Our next market commentaries for INK subscribers will be on January 4, 2016 for Canada and January 6, 2016 for the US market when we take a look at what insiders are signalling for the New Year. We will, however, continue to update subscriber report pages in the meantime with changes in our indicators.

We started off 2015 noting that insiders in Canada were upbeat with respect to valuations offering the prospect of both a decent year for stocks and outperformance over the US. In contrast, we noted insiders in the US remained downbeat on valuations suggesting a patient approach to American equities was in order. While insiders were suggesting that valuations in the US Energy sector were improving, we warned that the potential for future losses could not be ruled out. Unfortunately, for investors in the sector, that turned out to be the case.

Clearly, it was not a sunny year for Canadian stocks in 2015. However, developments in the Canadian market were not nearly as horrible as the headline benchmark would suggest. While the S&P/TSX Composite Index has dropped 10.99% year-to-date compared to the S&P 500 Index off 2.59%, Canadian mid-cap stocks as measured by the INK Canadian Insider (CIN) Index have not had it as bad, falling 4.59% (all returns are on a local currency price basis).

Globe and Mail Number Cruncher: Fifteen Canadian consumer stocks with a bright outlook

What are we looking for?

With Christmas shopping season getting started, today, we are looking for the 15 highest-ranked consumer stocks.

Rankings are determined by the INK Edge V.I.P. criteria (valuations, insider commitment and price momentum). This is the same approach we apply across the broad market to determine membership for the INK Canadian Insider Index, which is used by the Horizons Canadian Insider Index ETF (HII).

The INK CIN Index looks positioned to turn higher

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our update last week when we observed the bounce off its lower Bollinger band, the INK CIN Index has consolidated in an incredibly tight trading range. And although the Index rose just 6 points to 995.88 for less than a 1% gain on the week, it is well-positioned to break higher, ending a streak of lower highs that began after it made its late October high.

First live year: INK Canadian Insider Index beats S&P/TSX Composite by 7.8%

Monday November 16th marked the first full live year of the INK Canadian Insider (CIN) Index. The period was dominated by a collapse in crude oil prices and the stunning fall from grace of Canada's drug giant Valeant Pharmaceuticals International (INK Edge outlook: rainy; VRX). In this down market environment, the INK CIN Index beat the S&P/TSX Composite Index by 7.76% on a total return basis.

INK CIN Index pulls back to lower Bollinger band

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us in our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update, the CIN Index saw its already waning momentum grind to a halt, resulting in a breakdown below the 1000 support level to 975.

INK Research Announces Semi-Annual Review of the INK Canadian Insider Index

INK Research (INK) has announced changes to the INK Canadian Insider Index as a result of the rules-based semi-annual review. These changes will be effective at the close on Friday, November 20, 2015. In all, twenty stocks were added and dropped. Read the full list here: https://index.inkresearch.com/announce.php?id=5.

The INK Canadian Insider Index includes the top ranked value and momentum stocks on the TSX preferred by insiders. The 50-stock Index constituents are determined using INK Research's proprietary INK Edge ® V.I.P. screening criteria of valuations, insider commitment and price momentum. The Index historically has a mid-cap focus and is rebalanced to equal weight in May and November each year. Additions and deletions to the Index are also made at that time.

Morning INK Report :: Insiders buying at OrganiGram Holdings

This stock report was originally featured in the Morning INK for subscribers on Oct. 28OrganiGram has subsequently rallied about 100%. Highlights of the report were also published in the Globe and Mail Saturday

Today we look at OrganiGram Holdings (OGI) which, through its subsidiary OrganiGram Inc., is a licensed producer of medical marijuana. The stock set a 52-week low of $0.195 on October 7th, but its fortunes appeared to have pivoted since it began to become clear that the Liberals were moving ahead in the polls prior to the election. The stock is up 81.5% since the 7th, and insiders have been buying as the share price has recovered. Notably, OrganiGram Holdings is Venture exchange listed, while many of its peers are on an alternative exchange.

INK CIN Index once again at important inflection point

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index.

In our last update, the CIN Index surged to a new multi-week high and looked ready to make a big break out. Instead, the Index reacted as if it had hit a brick wall head-on upon reaching the 1040 resistance level and sank nearly 4% by week's end. As we can see, the red arrows on our chart now indicate 5 or 6 failed attempts to break and hold above 1020/1040 resistance.

Morning INK Report :: CEO buying again at Sabina Gold & Silver

This highlighted stock feature was published before the market open on Oct. 30 for INK Research subscribers.

Today we revisit Sabina Gold & Silver (SBB) which is the top ranked stock in the October edition of our INK Edge Top 40. Gold stocks have made an impressive showing in the list despite strong indications that the Fed wants to raise interest rates in December. Since we last featured it on September 23rd, Sabina Gold & Silver stock is up 58.9%, outperforming the BMO Junior Gold Index ETF (ZJG) and the iShares S&P/TSX Global Gold Index Fund (XGD) which are up 8.2% and 14.1% respectively. As the stock has surged, the CEO has continued to buy.

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