On Friday, the S&P 500 was up 0.4% and Toronto was up 0.3%.
lululemon was up 5.4% as the market decided it liked its earnings results. I’d be tempted to trim my position at this price ($490). If I do so, I’ll be hoping to buy back in at a lower price since this is a long-term winning company. I definitely will not sell my whole (relatively modest) position.
Toll Brothers was up another 1.9%.
Canadian Western Bank was up 2.9% to $31.10 after releasing Q4 and fiscal year-end results. The 2.9% gain on Friday was quite good on top of its recent gains and in light of the market’s general caution toward bank stocks at this time. CWB’s loan loss provision was quite low. I believe this stock remains under-valued.