On Tuesday, the S&P 500 was up 1.6% and Toronto was up 1.4%.
Most of the stocks on our list were up.
Bombardier, which is priced as if near death bounced up 11% on rumors that there would some improvement to its governance. It will report earnings tomorrow.
Element Financial was up 6.3% after announcing it will split into two companies. I will reserve judgement on that. The company has only been under current management for a few years and is nothing if not aggressive.
Constellation Software was up 5.2%. It will announce earnings on Thursday morning.
I sold half of my remaining Canadian Tire shares today. It reports on Thursday. I keep thinking it is going to get hit hard by the lower Canadian dollar. On top of that there was the weak December Canadian retail sales numbers (which I mentioned in my previous post) for hardware and sporting goods. Canadian Tire has somehow escaped being hurt by the low dollar in its reports to date. It’s very well managed and so it will be most interesting to see the numbers on Thursday.
One insider at Boston Pizza bought about 1900 shares on Friday. Two others bought tiny amounts which seem less meaningful. But the continued insider buying here is definitely a positive indicator.