On Friday, the S&P 500 was up a hefty 2.0% and Toronto was up 0.3%.
Notable gainers included Berkshire Hathaway, up 2.9%; Bank of America up 2.9%; Visa, up 2.7%; Toll Brothers up 2.3% and Valeant up 2.3%. Also, the Canadian Western Bank rate reset pref shares were up 3.7% but that is on a tiny volume and it has fallen a lot earlier in the week.
A number of Canadian stocks were down on the day, perhaps in part due to the weak jobs report.
Liquor Stores N.A, down 2.9%; AutoCanada down 2.5%; TransForce, down 1.7%. Also Canadians Western Bank was down 0.9% and Boston Pizza was down 1.1%.
For those of us who try to invest in under-valued stocks it is certainly frustrating to see such stocks slip even further even while other stocks rise.
My own return this year is about negative 3%. While I’d like to have made a better return I take comfort from the fact that the valuation aspect of my portfolio has seldom or never been better. The average price to book value of the stocks I hold is 1.3 and the average P/E is 12.3. My average dividend yield is 3.3%. The silver lining in lower stock prices has been the ability to invest at lower prices.
I have updated the break down of my personal portfolio.