05:14:03 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Thomson Reuters Corp
Symbol TRI
Shares Issued 702,476,873
Close 2018-09-20 C$ 58.72
Market Cap C$ 41,249,441,983
Recent Sedar Documents

Globe says Gildan, others seen having good momentum

2018-09-20 07:34 ET - In the News

See In the News (C-GIL) Gildan Activewear Inc

The Globe and Mail attempts to identify companies that have grown fundamentally in the long term and have appreciated in price in the short term in its Thursday, Sept. 20, edition. The Globe's Ian Tam writes in the Number Cruncher column that compared with the S&P 500, the S&P/TSX composite index really has not done much of anything this year. Weak markets in February and a strong rally in May add up to a year-to-date return of about 2 per cent. However, Mr. Tam says this is not to say that there is no momentum in the Canadian markets. This week, Mr. Tam says he looked for momentum-oriented names that have been growing their long-term fundamentals but have also exhibited recent positive price momentum. To make his picks he sorted through the largest 250 stocks in Canada. He looked at five-year sales, earnings and cash-flow growth. He considered average return on equity over the past five years. To qualify, stocks needed to be ranked in the top quartile of the universe after sorting on the above criteria. Mr. Tam's recommended stocks are Gildan Activewear, CCL Industries, West Fraser Timber, Algonquin Power & Utilities and Thomson Reuters.

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