Thursday, March 02, 2006

Canaccord's graduating performance

Financial stocks have done well recently. Many of the big banks are making 52-week highs on the TSX, but a relative new-comer to the TSX stage is steadily gaining an audience of investors. Canaccord Capital (CCI) is a major independent Canadian retail brokerage house, and its stock has been on a solid bullish trend since last September. Currently trading at $17.50, CCI has advanced 61% since its Stock Trends Bullish Crossover signal. It was a Pick of the Week on August 25 at $10.70. Although the stock is off its 52-week high ($18.95), CCI is outpacing the Toronto market by 12% in the past 13-weeks. Perhaps ahead: inclusion in the S&P/TSX Composite Index?
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