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Bank of Nova Scotia
Symbol C : BNS
Shares Issued 1,224,496,870
Close 2019-01-31 C$ 74.80
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Globe says Tucows, others have recent price momentum

2019-01-31 08:27 ET - In the News

See In the News (C-TC) Tucows Inc (2)

The Globe and Mail reports in its Thursday, Jan. 31, edition that year-to-date, the S&P/TSX Composite Total Return Index has produced 8.1 per cent while the same index lost 8.9 per cent in 2018. The Globe's Ian Tam writes that many investors remain wary of market volatility. This week's strategy looks for names that have shown consistently growing fundamentals and are also showing some shorter-term price momentum. To find these names, Mr. Tam took the largest 250 companies in Canada by market cap (excluding REITs) and ranked them on the following metrics: Five-year normalized growth in sales, cash flow and earnings (on average, how much each of these has grown each year over the past five years); latest reported return on equity; three-month and nine-month price changes (simply measuring the momentum of the stocks, higher figures preferred). He considered five-year deviation of earnings and return on equity. Each stock's dividend yield and 12-month price change are shown for informational purposes. Mr. Tam's select stocks showing consistent growth in sales, earnings and cash flow are Tucows, Kirkland Lake Gold, Great Canadian Gaming, MTY Food Group and Bank of Nova Scotia.

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