« Housing data shows slowing trend plus opportunity, Tues., 6/20/2006 8:58 AM | Main | The technical case presented by RBC, Tues., 6/20/2006 11:58 AM »

June 20, 2006

More downside forecasted for Canadian equities, Tues., 6/20/2006 11:32 AM

Leading Canadian broker-dealer RBC Capital Markets is urging clients to go strictly defensive at this point. Their June 14 report makes for good (i.e., essential) reading -- even if some of their "attractive" picks are self-serving, as I see it. Download RBS "Bear Market Strategies" (my name).

Some of the RBC-recommended Unit Trusts (aka Canadian Income Royalty Trusts in the U.S. tout media) are quite solid, and make interesting opportunities for long-term traders who seek income rather than capital growth " the latter being somewhat dubious for several months).

Best Stock Ideas for a Defensive Environment. Our fundamental research analysts have identified the following companies for their attractive defensive qualities.
• Financial Services: MFC, RY, TD, NA, IAG, POW, PWF, IGM

• Utilities & Energy Infrastructure: TRP, KEY.un, IEF.un

• Telecom Services: T, RCI.B, MBT

• Consumer Staples/Discretionary: SC, CTC, THI

• Business Trusts: AER.un, CLC.un, CWI.un

• REITs: HOT.un, REF.un, CSH.un, FCR, HR.un, MRT.un, NPR.un



Posted by Posted by Bill Cara on June 20, 2006 11:32:38 AM | Category: Canada

Discourse

thanks for the report.

I am not so keen on the financial picks of theirs thou. They are all good quality but I do not think they are at the acumulate point. Price wise or rate cycle wise.IMO.

Andrew

Posted by: Andy [TypeKey Profile Page] at June 20, 2006 2:42 PM [link]