Tuesday’s markets saw the S&P 500 gain 0.1% and Toronto gain 0.5% as oil was higher.
One of the smaller companies on our list, Ceapro, was up 6.4%. There was no news from the company. At this point I would wait for the 2016 earnings report before adding to this one.
Linamar was down 3.7%. I’m tempted to add to my position.
AutoCanada was down 1.4% and seems attractive. The Globe and Mail reported today that March auto sales in Canada were quite strong. This bodes well for AutoCanada. However, when AutoCanada reported 2016 earnings on March 16, they did not seem to me to be upbeat about Q1 to date so I am not particularly expecting a strong Q1 when they report next month. But hopefully they will report that sales are improving.
I updated today a large article that looks at whether stocks are actually riskier than bonds. I think it depends on your definition of risk and your time frame. The article is updated with the 2016 inflation-adjusted results for the major U.S. asset classes of large stocks. long government bonds and Treasury bills. Every year or two I purchase the data to update a related series of articles. The data I use is an “index” of investment results starting with $1.00 invested in stocks or bonds or treasury bills back in 1926 and then for each year since.