Monday, December 14, 2015

Breakout Stocks : $DSW, $WFM



BNN Top Picks: Franco-Nevada $FNV, BCE $BCE, Agnico Eagle $AEM

Jaime Carrasco, Director & Assoc. Portfolio Manager at Scotiabank
FOCUS: Resource & Utilities Stocks and REITs

MARKET OUTLOOK:
Three of my BNN top picks are beating the Dow year to date in U.S. dollar. It’s surprising because the industry index (HUI) is down 30 percent during this same period, and they are the three precious metals producers that I have been consistently recommending for the last three years. Detour Gold is leading the charge up 30 percent followed by both Agnico Eagle and Silver Standard up 10 percent, in contrast the Dow is flat for the year. That goes to show that good old fashion stock picking still works. These numbers are much greater in the Canadian dollar. (more)

Sunedison Inc (NYSE:SUNE)


Sunedison Inc (NYSE:SUNE) had a volatile but indecisive movement on Friday. Moves of key indicators on daily charts suggest continuation of positive bias for the stock. Plus, chart shows an ascending triangle formation in progress. The key level to watch here is the upper resistance at around 4.37.

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
MONDAY, DEC. 14
  None scheduled        
TUESDAY,  DEC. 15
8:30 am Consumer price index Nov.
0.0% 0.2%
8:30 am Core CPI Nov.
0.2% 0.2%
8:30 am Empire state index Dec.
-- -10.7
10 am Home builders' index Dec.   -- 62
WEDNESDAY, DEC. 16
8:30 am Housing starts Nov.   1.13 mln 1.06 mln
9:15 am Industrial production Nov.   -0.3% -0.2%
9:15 am Capacity utilization Nov.   77.2% 77.5%
2 pm FOMC statement        
2:30 pm Janet Yellen press conference        
THURSDAY, DEC. 17
8:30 am Weekly jobless claims Dec. 12
N/A N/A
8:30 am Philly Fed Dec.   -- 1.9
8:30 am Current account Q3   -- -$110 bln
10 am Leading indicators Nov.   -- 0.6%
FRIDAY, DEC. 18
  None scheduled