March 14, 2017

On Tuesday, the S&P 500 was down 0.3% and Toronto was down 1.1%.

Oil is down to $48.51.

Couche-Tard was down 4.8% to $58.85 after reporting weaker-than-expected earnings.  I have only a small position in this company. For about the past 10 weeks, I have had a below-market order in to add to my position if it should dip to $58.10. It got down into the $58’s several times but bounced up. Today it got as low as $58.17 and I am disappointed that my order was not hit. But since I am wanting to maintain a fairly large cash position at this time I am going to leave the order at $58.10 and see if it hits that based on either a relative dip specifically in Couche-Tard or a dip inn the TSX that ncarreies Couche-Tard down.

A number of other stocks on our list were down in the range of 1.5% to 2% today. I am not particularly itching to add to most of my positions unless there are bigger drops.

Statistics Canada released the latest figures on new car sales but actual figures were not available as their web site was down or partially down as has been in the news.

Melcor has held up well in the face of lower oil prices. I believe it issues earnings after the close tomorrow.