Bank of America is updated and rated Speculative (higher) Buy at $15.69. It looks attractive on a price to book value basis. The P/E ratio does not look attractive but that may be mostly because of various unusual losses that it is still subject to as it comes out of the crisis period. Many of its business segments are recovering rapidly.
On Monday the S&P 500 was up 0.5% to (what else is new?) another record high. Toronto was up 0.4%.
Toll Brothers was up 4.7% today.
Regarding Dollarama, which I updated yesterday I added sentence to the report today under outlook that the lower Canadian Dollar could hurt its earnings. They do hedge currency but typically hedges only go out a year or so, if that. So maybe the lower dollar won’t hurt just yet. And maybe they can pass along all the extra cost. I just point out that all else equal, a lower Canadian dollar is bad for importers like Dollarama.