On Wednesday, stocks continued to mostly move higher. The S&P 500 was up 0.25% and Toronto was up 0.3%
WSP Global was up 6.0%.
AutoCanada was up 3.6% on strong earnings.
Toll Brothers was up 3.9%
The Dental office corporation DNTL that I mentioned a few days ago was up 4.8%.
The general pattern seems to be that the stronger companies continue to be the ones pushing ever higher. Of course that pattern can change but in general it is always the strongest companies that are more suited to buy and hold for the long term even if they do seem expensive.
P.S. 9:45 eastern: Canadian Tire released strong earnings this morning. Another example of strong companies continuing to prosper. The stock is about flat this morning indicating that the strong results were expected. I like the chances for Canadian Tire to continue to be a good investment.