June 23, 2015

On Tuesday, the S&P 500 rose 0.1% and Toronto rose 0.8% (as oil rose about 25).

I continue to view certain stocks that have been driven down by oil prices as buying opportunities. These include Stantec, Melcor and Canadian Western Bank and to some degree also CN rail.

A report today indicates that new home sales in the U.S. are running some 24% higher than last year in the first five months of the year. This bodes well for Toll Brothers.