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[theme music] >> Hello, I'm Greg Bonnell. Welcome to MoneyTalk Live, brought to you by TD Direct Investing.
Every day, I'll be joined by guests from across TD, many of whom you'll only see here.
We're going to take you through what's moving the markets and answer your questions about investing.
Coming up on today's show, we are going to be joined by Bryan Rogers, Senior client education instructor at TD Direct Investing. He wants to take your questions about how to get more out of the web broker platform. MoneyTalk's Anthony Okolie is going to join us and give us a preview of what to expect from tomorrow's Fed rate decision. Here's how you can get in touch with us.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Forget our Guest of the day, let's get you an update on the markets. We will start here at home with the TSX Composite Index.
We have modest green on the screen, 45 points, up about 1/5 of a percent. It's notable considering that West Texas intermediate, American benchmark crude, has broken below $75 per barrel, this on concerns about China's consumption appetite. Other parts of the market are holding us up on the TSX. Notable movers include Filo Corp., you may not of heard of this miner before today but they are being acquired by BHP and Lundin. That has Filo shares up to the tune of almost 9%.
Bank of Montréal is an outlier, -3.5%.
Other financials are modestly to the upside.
Before the Fed meeting, some weakness.
Tech stocks continue to weigh on the market.
41 points to the VN side for the S&P 500, both records of a percent. The tech heavy NASDAQ even more to the downside. Pullback in many notable names. Nvidia is down today. Meta Platforms, we got a bit of news out of the name.
It's not moving all that much, modestly to the downside. They have settled a lawsuit in Texas over the use of biometric data.
They are agreeing to pay $1.4 billion. You might say what is biometric data? The suit alleged facial recognition technology used on uploaded photos and videos had run afoul of them and Meta has settled that suit. And that is your market update.
Tomorrow we are going to get the big one for the week, the latest rate decision from the US Federal Reserve. Joining us now with a preview is MoneyTalk's Anthony Okolie. Anthony, of course, we don't know.
They have entered that meeting, we don't know what they are talking about behind closed doors but we know what data they took with them into that meeting that could help them form their decision. What stands out?
>> The PCE Index, which we got on July 1 stood out to me because it came in softer than expected and edged up .1%. Another confirmation that inflation is slowing.
That was in line with estimates. The core rates, when you exclude food and energy, was up marginally .2% month over month, that was in line with expectations. We have seen a trend of cooling inflation since peaking in 2022. It has come down towards that 2% target that the Fed has been talking about.
We have seen progress on inflation. We have seen a rise in the unemployment rate and that is leading some experts to believe that we could expect a 25 basis point rate cut tomorrow or even a 50 basis point rate cut tomorrow. The reason why I said they think that the job market is nearing an inflection point and they believe that the Fed does not want to risk a recession.
They do not want to risk losing that soft landing and to believe that raising interest rates now would perhaps mitigate that.
>> So right now we are talking about a Fed that tomorrow is probably going to come out, not do anything, but hints. The market is looking for the hints, the wink, the nod from Jay Powell that they could be ready as early as September. It's interesting to watch the market reaction.
That is the market expectation, they will say that the couple come in September.
There's been this rotation of big tech.
When we started getting indications of an upcoming cut, small caps started doing well.
>> The small-cap, cyclical's are ones that could benefit from a rate cut as opposed to the big tech firms and that's why we continue to see that rotation. Markets right now are fully pricing a rate cut for September and when we look at the expectations for TD Securities, they believe that the markets will hold, they will not cut rates on Wednesday but they are estimating that there will be a rate cut in September and December as well.
They also believe that in that meeting it will be acknowledged that there has been progress on inflation in the second quarter. The Fed will no longer reiterate that inflation remains elevated. They expect the Fed to remain data dependent until they have full confidence that inflation is cooling towards that 2% but right now markets are not pricing in any rate cut on Wednesday but are fully pricing one in for September, whether or not they will get that nod by the Fed Chairman, that's what they are hoping for, that he will signal a rate cut, we will have to wait and see.
>> They call it the big wink.
I don't know if it will technically be one of those, but we are going to be reading the tea leaves tomorrow and you will have full coverage on the other side.
>> We will have full coverage, we will be interviewing Scott Colbourne of TD Asset Management with market reaction to news of the Fed. That will be out tomorrow afternoon.
>> Thinks that, Anthony. Afferent pleasure.
>> When Anthony does that interview with Scott you can look out for it on your inbox or on our website, moneytalkgo.com.
Coming up on the show, we got Bryan Rogers from TD Direct Investing is going to join us, he's going to answer questions about the web broker platform.
And a reminder that you can get in touch with us any time.
even now, during the live show.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
First, let's what you updated on some of the top stories in the world of business and take a look at how the markets are trading.
We have some dealmaking in the mining sector today that is aimed at the copper market. It BHP Group and Lundin Mining are teaming up to buy Filo for roughly $3 billion US. Filo owns a large copper project on the border of Argentina and Chile.
BHP has been copper production growth a priority under its CEO, Mike Henry. You can see Filo right now on that news up to the tune of almost 9%.
I want to check in on shares of CrowdStrike. They are back in the spotlight again. Right now, we are down 12% and you can see in recent weeks, TED Talk has pulled back. This is amid reports that Delta Airlines is going to seek compensation following that IT outage that crash computers around the world.
CrowdStrike's software update was behind that outage that hit Microsoft computers.
More than 6000 flight following the outage were grounded.
The unconfirmed reports just Delta will be seeking damages for both CrowdStrike and Microsoft. It was a mix quarter for consumer products giant Procter & Gamble.
The company be on the bottom line, but topline sales were softer than analysts were expecting.
P&G's a lower demand for its price your skincare products and diapers.
P&G is down to the tune of almost 6%.
Quick check in on the markets. The TSX Composite Index is holding up despite continued weakness in crude. 39 points, pretty modest, but still, of two almost 1/5 of a percent.
On the eve of another federate decision, we continue to see weakness in the big tech names, rotations and other parts of the market, the Russell 2000 is holding and modestly in positive territory but we are seeing names like Nvidia and other big tech names to the downside, pulling the S&P 500 down to the tune of a little shy of a full percent.
All right, as promised, we are joined now by Bryan Rogers, Senior client education instructor with TD Direct Investing.
Welcome again to the program.
>> Always a pleasure, Greg.
>> Happy to have you for the whole show.
>> Fire away.
>> Here's the first one here for you.
Someone wants to know where they can find insider activity on the platform. They been looking but they can't find it.
>> We have to make clear that we are not talking about insider trading, that illegal aspect. We want to make sure we clarify that.
There are insiders within certain companies, CEOs and all the directors and the VPs, anybody that has a significant share in the company can trade stocks.
They have to file a form with regulators to do so. That is publicly based information. I think that is what this question is referring to and the person that sent this, they are having trouble finding that on my broker so I'm glad that we can go in there and share. There are a few reports that you can use and once you know where they are, it's going to be useful. I would not say it's the only thing you can use to help you decide on whether to use this information to buy or sell but you can get an indication because these are insiders and they have information on the company, if there is a lot of activity on a buy, there may be an additional checklist you could use to decide whether you want to dig into it further if there are other indicators to help you decide whether to buy or sell.
If we do jump into a broker, I will share my screen here and show you, in the report section, go to research and then you would reports, there is an entire area. The viewer that was writing that in, you may not have stumbled upon this yet but if you go to the report section and you scroll down on the far right, you can see there's a number of other reports, we will probably look through those later to, but there are insider insights.
You have daily vicars insider picks, from a company called Vickers. You can read the description.
Those are the companies that they are watching. There is income market insider and another ink morning insider and even 1/4 one that will actually go into sector reports as well.
If you are focused on a specific sector, you were talking earlier about mining, you might find that under materials.
I'm going to switch over here to one of these reports. I've opened up a few of them. To give you an idea of what it looks like, this is the vicars insider picks and you can see, it will show you the number of buys, shares bought and the dollar value, you have to figure out for yourself what this is going to indicate but if you do see some really large numbers, you could look at the ". This is the Argus vicars insider report and then there's a big research report providing insider news and knowledge to investors.
It will give you some graphical sentiment indicators, showing overall sentiment and use on stocks, you can see they have highlighted with insights on activities, whether it's buys or sells, from insiders within the company.
There's one last one, I won't spend too much time in terms of detail, but this is another one to give you an idea what it looks like as an example. You can see there is indicators sentiment. He goes into some individual stocks later on as we scroll down.
So there you have it, that's where you can find the insider information. Not insider trading.
>> That's an important distinction.
Another tool that people might want to put into their process and find out what it means for them or some of their research.
Another question here for you now. Someone wants to know, how many of you are watch lists and web broker? I only see add to watchlist. Someone has been adding names to watch was, okay, where is my watchlist?
>> Exactly, you add those on and there is a button in my broker we can add to watchlist but that's not good if you're adding them and wondering where they when off into the abyss somewhere, but they all go somewhere and usually there is a section on their, and that's what I think is confusing sometimes at first, it will just give you when you click add watchlist, it will ask you which list you wanted to add it to but if you haven't created any yet or named any or didn't know where to go, it can be confusing or tricky to find. Let's clarify that. If we jump into web broker, we can go to research and stocks to show initially what this viewer was asking about. Go to the top. I have Home Depot appear.
You can pull up stocks from here.
Let's say if I grab Apple just as another example or type in another stock, that's how I pull it up initially. But the one they are referring to is you have this add to watchlist icon which they were wondering, where does it go after that?
Notice it has selected a watchlist at a simple. If you hadn't added anything yet, it'll say watchlist number one or watchlist number two if you haven't done anything yet.
So if I just want to add this one to the one called dividend, some might already be full so you might have to go in and delete some.
Under dividend, it's as simple already added. That means it's added now to your watchlist.
If I close this, when I close this you will see up to the top, there is a watchlist icon a star right here, and that might be what's missing.
The watchlist is going to take you to your up to 10 watchlist that you can have an web broker with up to 10 symbols per watchlist and you can add different types of symbols. This one has stocks and some mutual funds.
You just enter and assemble here. You can use this drop-down.
If we go to the one I just did, the dividend, there it is. TD, Loblaw Telus, I have written ones added on here, Apple.
Now we can see all of our stocks on the watchlist.
This is called the signal list view, meaning I can go to each tab, go to banks, my long-term holdings, my money market, etc. If I want to look at more than one at a time, you can go to this multi-list view here. If I click that, it will do three to time but at least you can see her lists in a grouping of three and you can go back and forth with these arrows if you want to see some other ones at the same time.
That's just a different way to look at it.
I like the single list because you can do a little bit more and you can see quite a bit more on your individual list in terms of the columns you may want to see. What I want to show, just as a quick trick or tip, maybe you have seen it before and some of the shows but if you are looking to use these watchlist as an example, I have TV here, and I wanted to use it as a tracker, I have a fundamental tab but also a tracker tab word now I can actually enter in.
Let's say I want to enter in a share price and a number of shares that I bought on the mock basis, I can enter that in, but the average cost, quantity. If I click on this I can also edit it. It's like paper trading.
It's very basic and simple paper trading but you can add in, if I wanted to say about Apple today, I can click on here and adding 100 shares and use today's price, the 217 approximately, 217, 16, do the decimal there. There you go. And then go save.
And that will continue to monitor over time, how am I doing on my apple position that I just entered into this watchlist?
We wanted to show you where you can find your watch lists but this is also a really cool tool that you can use to track any stocks you might be looking at.
>> That's one of my favourite tricks on there. I use the tracker to quite a bit. I felt all of my different watch lists across the 10 silos and sometimes it's a matter of how smart would I be if I had done this? I looked back at some of them and thought, wow, I'm pretty clever, but it was all hypothetical. It's nice to be clever hypothetically. It's nicer to be clever and the real world, I think.
Let's get to another question from the audience for you. Can you please tell me if there is a way to get a list of all the strong buy stocks?
>> Yes.
When we want to find out what the ratings are from the analyst, these guys are the really smart ones, they are eating, sleeping and breathing the stocks.
These to be and what broker it was kind of frustrating. This came from client feedback. There are endless ratings but they are all over the place and there only two or three at a time.
Where can I find a lot more? In terms of a listing of all the strong buys and things like that, we have an analyst centre which I will show later on. I will show a little bit right now but their features on another question but what I want to show was a really cool area within the reports again so if we jump into what broker, it's not a conference of list but there are some companies that do provide lists of what they perceived to be strong buys as an example or hit lists as they call them which are stocks that may be from MorningStar as an example might be something that they are saying is a recommendation. So we go in here under research in any good reports.
There are a lot of different reports are to see. You can see there is market Outlook and premium. Some people may not have access to some of these. Most of these here at the bottom you will definitely have available and if you scroll down near the bottom left, you're going to see there is an Argus market movers. That one is pretty decent. I personally like myself the first call, most recommended.
I will show you some of these headlines and titles and you can investigate them yourself. They have upcoming announcements, MorningStar Canadian court pick list.
I like those because they do it based on a high MorningStar rating and they have other ratings whether it's going to be a body, fair market value that they expect, things like that.
Those are a number of lists, you have a US pick list and so on. But I want to show you quickly with the first call most recommended looks like.
I did open already so let's jump over to that one.
This is somewhat of a list. This will answer the viewers question for the fact that you can see Europe at the top it says "Following the company's most recommended by analysis on the first call network. At least five analysts recommend each company as a buy and at least one analyst follows each company and has revised his or her earnings estimate upward in the last seven days." So you have a list for it has 14 total companies recommended. It gives you some additional information and shows you the number of analysts and things like that and it shows you a graphic as well.
Just a list.
Those are the buy ratings in a list format. That being said, I wanted to stay and what broker for a little bit longer.
There is also the analyst centre. If we scroll up to the top, this can be used in a bunch of different ways.
It's also not a conference of list but it is a list based on analyst reports. If we go to research and then analyst centre on the left-hand side, this is a really cool tool provided by a company called to pranks and really quickly, we don't want to go into too much detail, we are just looking for those buys and sells, but if you want to look at buy ratings, you can click on buy, but just to see what the buy ratings are now, you can click on the buy listing and there also trading stock tabs where you can get somewhat of a list to see are there some strong buy ratings out there, etc.
>> Another great area to check into. I was more familiar with the last part you're showing on the reports. I can't start looking at those reports as well.
>> You have looked at this before?
>> I've gone to the analyst centre more than I got to the reports but I'm like, I should start looking at the reports as well. The audience learns, I learn along with the audience when you guys are on.
>> Excellent. Those are great to have because they are not totally comprehensive of but at least you have something that they are putting out there as recommendations.
>> Great stuff. As always, make sure you do your own research before making any investment decisions.
we will get back your questions for Bryan Rogers about the web broker platform in just a moment's time.
And a reminder that you can get in touch with us any time. Just email moneytalklive@td.com.
Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
There are two ways you can get in touch with us.
You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
Okay, we're back with Bryan Rogers taking your questions about how to get more out of the web broker platform. He did not give you much of a break there. Hopefully you had a sip of water or tea, whatever you got going there and you're ready for the next onslaught of questions.
>> I've gotta take a breath.
>> Were pretty generous here. We like to let the guest take a breath every once in a while. Here's another one for you. Where can I find the top rated analysts? Is there list available in web broker?
>> We give you an answer to the analyst centre. This is something that came in a while ago from viewer feedback, user feedback for web broker and is something from a company called Tip Ranks.
We are going back to the same page as you were on earlier, go to research and analyst centre. It says analyst ranking on the left-hand side. You can check off if you want to only see the top rated five star. It will do for 1/2 to 5 star.
Anything over four, you can now see all the analysts, all of these buy or sell recommendations or price targets you could see as well, I got a filter for buy, if I want to see buys and sells I can take that off, there is buy, hold, at some point there should be some cells, maybe on the second page.
You will notice that they are all 4 1/2 to 5 star rated analysts so and I can get an idea, okay, I think I trust this Guy, he looks good, he's a five star, Jason Bedford. There's his price target. He's got it as a body.
From there, you can jump into clicking on assemble. That will take you into the area of what broker that has an overview.
I will click on that and a second to take a closer look but when I wanted to show as well as you can filter if you want to look for just US stocks, you can filter for only US recommendations. Or if you want to go by only mega-cap stocks, that market, the large-size company, you could do mega to large.
It will filter it in terms of what you're looking for. You can go by sector as well.
If you are looking at materials as an example. The further down I filter, the less I may get but let's say we try something else like consumer goods.
Nothing there. If we took off the mega and large, I don't know if you'll get anything. We are not having much luck.
So sometimes a sector may not have exactly what you're looking for in terms of how you have it filtered. You can filter by US, Canada, etc.
Within this tab, to make sure you're getting all the you're looking for, you can go to trending stocks and you can see that these are ones that in the past number of days, you can see that I've got most rated or I could say best rated or filtered down. I want only see the last 72 hours, the ones that are coming hot off the presses right now. What are the ones that are trending.
You can see the number of buys, is it screened as a strong buy, what's the upside.
There's a lot of information you can see if you filter properly and look at those trending stocks and so on.
The last one I want to show, this question was asking, where can I find the top rated analysts? There is not a definitive list of the ratings.
Tip Ranks, if you pay for the subscription to that company, you can get that.
If we go into this most recent, there's this Jason Bedford. If we go into the stock, Dexcom, you go there you go to the analyst tab within the stock quote on the right-hand side, once we go in there, now you can actually go in here and find this particular analyst and you can follow that analyst. You can see it says follow. If I click this +, I follow him. Now when I go to my followed analysts, this is where I can see all of the stocks that they are following and I can see the ranking.
It may take a little bit of searching, you kind of have to play around with a little bit. I found a few myself that were pretty high ranks. Let me see with the highest one is that I have.
They are in about the 200 range. I thought I had someone that was ranked within the top 50 or so. But you have to do some searching to find them.
But you can see what their ranking is, average return for rating, this is showing us 10.3, he is ranked 320 out of… 248, sorry, 248/8966, so he's in the top 300.
This is the Guy was talking about.
This Guy is number 18 of almost 9000. You find a good analyst on there, you can follow them and you can follow all of the stocks that they are reading as well. So you can become a number one fan of some of these analysts.
>> That's a viable tool their people could add when they are doing their research and work on different investments.
Take another question from the audience.
Someone wants to know, if I sell a Canadian stock held in a US account, do they have to transfer it to their Canadian account first?
>> Okay. This one I don't really have anything on web broker to show but I could explain it in terms of how it works within TD Direct Investing. I will give some caveats as well.
The answer is yes, you can do that.
You could sell Canadian stocks that are held in the US accounts. You would've had to buy it in the US dollar account or you can transfer thereto. What often happens, and it's happened to me before, is about US stocks in the Canadian account. The website will let you do it. Usually gives you a wording to let you know you are buying this in a different currency.
So it will automatically exchange those Canadian funds into US dollars to buy the stock. While you have the stock, there is no issue in terms of currency exchange, is just when you go to sell it, in my example, if I had it in the Canadian account may go to sell it it's going to turn those US funds into Canadian again and you're doing a lot of buys and sells, you can run into a lot of currency exchange and you get a little spread that the banks and financial institutions do charge for converting your currency. If you're doing that frequently on buys and sells in the wrong account, that can really add up and be a detriment to your investing so you can end up paying a little bit more where is if you just moved him US dollars initially, Lisieux $20,000 US that you know you're gonna be trading within US stocks, this move back to the US dollar now can buy and sell in US dollars that way.
I know this question was saying if I had a Canadian stock held in the US account, can I sell it? Yes, you can, it would not be the end of the world if you did it once.
But we could also do is just transfer it in kind back-and-forth as long as it's listed on both exchanges and you could just move it back to the Canadian portion of your account, sell it and then adjust can be sold in Canadian dollars. Or vice versa. If it was US, a US dollar stock, you could move it back to the US dollar account and sell it in US dollars and then continue to use that money without getting that hit from the currency exchange.
Does that make sense?
>> That does make sense. An important consideration for people what you are talking about the impact of foreign exchange on your investments and how you're structuring everything.
Here's the next question right now.
I would like to know what kinds of conservative mutual funds are there available? Is there way to screen on web broker?
>> Yeah, that's a really good question.
It's a question that's hard to answer because I know if you-- I know it's a mutual fund companies, with TD for example, TD has a certain family of funds that are labelled that way were they say it's a conservative fund or balanced fund or aggressive growth and things like that.
Some mutual funds don't do that. There are a lot of companies that do not. We have almost 10,000 funds you can buy within web broker. There are ways where you can basically filter a little bit in terms of some of those types, like a balanced fund.
For those that don't know about mutual funds, that would be an element, a fixed income and bonds and another element of equities to give you a bit more of a return but it's balanced meaning that it's very diversified and holds all of those asset classes. You can have some risk but it may not necessarily be super conservative. Other funds might have just fixed income, bonds, GICs and things like that were really safe bank stocks, they might be towards that conservative end.
You have to have a bit of knowledge to know what you are looking for but there are a couple of things you can do, you can filter by risk within web broker using some of the screeners. What I will do is share that.
We will go into a broker and show the first place you want to start with which is in the mutual fund section.
If we share web broker here, if we go into research, it seems you're always starting with research, we go to research and mutual funds. In general, what you're going to see is overview.
You have an overview tab and you have categories, analyst choice, etc. There are a number of different ways you can do it.
There are balanced funds, ones that are not going to be super volatile. You can look at this chart and see some of the volatility in terms of their levels of return and how much they are moving up and down and if you are okay with that, you could say, okay, I'm going to look for some balanced funds. Or if I go Canadian bonds, you can see returns are getting a bit lower but there's not a ton of fluctuation. Then there's Canadian equity, there's a little bit more fluctuation here, little bit higher returns.
International bond. Okay returns over the last little while but not as much move in the up and down. You can get the idea where this is just on the one year basis, you go three-year, five-year, tenure etc., to get an idea of what the volatility is.
If you scroll in here you can see there are a number of different categories, actively manage bond funds, those have a lower return, but might be less risk if we are looking for more conservative.
Monthly income funds and so on. I would say starting there, just going through some of the areas where you can find different categories, this is sort of a quick screen tools you could do that as well, you can go into a fund category and see a drop-down. Some of these portfolios are little bit more conservative but as I said, it doesn't really have anything were just gonna say conservative fund so you may have to go through all of these, this Canadian neutral, balanced, there is corporate fixed income. Anything that has more of that fixed income and bond basis is going to be a little bit more conservative, but what I would recommend to do is if you go in through this other area, go through all these and see if you could find some other things you are looking for if you are going on specific funds and go through the specific categories, you may find a fund that fits in terms the return and level of risk that you are looking for but if you really have no idea about what any of that means, you can go into the research and screeners and click on mutual funds, so you can make a mutual fund screen. Here I added on different criteria.
When you go to the bottom of the screen, you will see criteria that says fund type.
I looked for balance, Canadian bond, there. I did five-star MorningStar rating.
Remember when you do this yourself, you're going to go create custom screen and add these criteria. I will show a quick example, I will show fund type, go to criteria, and then I can look for whatever I might be looking for. I'm looking for something very conservative, I might go Canadian bond or I could go to US or international bond funds and it's giving me 563 different choices. If I'm thinking conservative, I might want something that has a little bit of return but has some safety. If I go back to my screens, if I go to research and then screeners again, this one that I had saved, here I will show you what it looks like. If I review the matches, what I would say you can then do is you can check this, or uncheck this.
You can see summary, profile, rating, performance and there actually is one under risk. If you go under the one called profile, that will actually give you a column for the level of risk and now you can filter this by lowest to highest. So if you're looking for really, really conservative, you can start to see there is a Canadian short-term fund where the income is low. You can scroll to get something higher.
If I go all the way to the other end, you can see there is a global equity balanced fund that has a bit higher level of risk.
You can filtered out by risk. There are a number of other risk variables you can look at here but you have to do a bit of digging and some research on one of these, was the Sharpe ratio in the beta and things like that. That is something else you can use to analyse what kind of risk do you have on your fund.
If you do it on a screen, you're gonna get all of these other columns to help you do your research.
>> I'm gonna start digging into these tools in the coming days. We are going to get back your questions for Bryan Rogers on the web broker platform in just a moment's time.
As always, make sure you do your own research before making any investment decisions.
and reminder that you can get in touch with us at any time.
Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
deum three You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
[music] We are having a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing. We have the heat map function, a nice picture of the market movers. This is the TSX 60, screened by price and volume. On the top line TSX, even though we have substantial pullback in the price of oil today, we are not seeing the energy space get hit all that hard. There's a little bit of modest green on the screen.
It's the financials though, the heavyweights on that topline composition number that are putting some points on the table.
You can see BMO was the outlier, down almost to the tune of 4%. South of the border, the Fed has entered their two-day meeting. They come out tomorrow with the rate announcement at 2 PM Eastern time.
The expectation is the Fed will be cutting us into September.
It's been interesting because there has been a sector rotation. We have seen selloffs in some of the big tech names and money moving into small and mid-caps thinking that that part of the economy in the states will benefit from a soft landing that includes a rate cuts. We are seeing further selling Intact today.
Nvidia's down almost 6 1/2%, Tesla down more than 4%.
Also some names moving off of earnings, MRK down almost 10% and PayPal, green on the screen in the corner off the back of its latest earnings report, up almost 8%.
We are back now with Bryan Rogers from TD Direct Investing taking your questions about the web broker platform.
Someone wants to know, is there a way I can see when the earnings release will be and what the street estimate might be?
Another part of the process here for people doing research.
>> That's a great question. Something especially if you are looking to find out for a stock you own, what kind of earnings releases are coming up or maybe if you are looking at doing an earnings play, you say, I think this stock, for example, is going to go way up. You have heard some rumours and did a lot of research but you want to know the date of when this is gonna happen so if we do jump over to web broker we are going to go into our handy-dandy research tab. If you go to research and of Arctic on up there but just see you guys know where I'm going, I went to research and then events. That's a good place to start because it is going to automatically show you, sometimes it might default of the Canadian flag, you're gonna get Canadian stocks that are released.
This is for today. Notice appear, there is a calendar. You can change the date if you want to look at a different day. It will default initially for today.
There Shopify, Canadian Pacific Kansas City, Intact financial and so on.
These are ones announcing today.
These are highlights.
It's not all 35. If you click on one, it will usually take you to the list but you can also go right to this list right here and this is all 35. You can see Weston is announcing today. We have estimate information. The of the previous year, how many analysts are following it, revenue info. There's a lot going on. You just mentioned with Advanced Dashboard, there's a lot going on in the US markets for earnings. If you click on this leg in the top right, you can see now there's Microsoft, PNG, Merck, these are the highlights.
You can see there are 270 different announcements. You can plan out your week using this, using the calendar.
You can say here's a couple I really want to see happening on Tuesday, here's a bunch on Thursday and then he can get a really good picture of what's going on with earnings and then the estimates and so on.
If you want to dig in a little bit further, for example if I go into Microsoft and click on overview, there is an area within the overview section of events as well. You can go to events and will show you some information. I will do that quickly.
It's not going to give you a ton, it's gonna give you an estimate.
There's an earnings tab in there that shows you what is being expected? What is happened in the past on the left-hand side over here?
What is expected? Here are the estimates over the next few quarters. And you can see this in more of a matrix version just to see what's expected by analysts for the upcoming earnings on a particular stock.
>> Bryan, great stuff as always, my friend. The show just flew past. Lots of questions there. We all learned a lot. I look forward to the next time. Next time you're on you will probably do a shorter statement but I obviously enjoy these longer ones as well. We will book you for another.
>> Me also. Always a great time, Greg.
>> Bryan Rogers, our thanks to Bryan, senior client education instructor with TD Direct Investing. As always, make sure you do your own research before making any investment decisions. if we don't have time to get to your questions today, we are going aim to get them into future shows. Stay tuned for tomorrow show.
Gennadiy Goldberg, head of US rate strategy with TD Securities is going to join us with his take on what to expect from that Fed rate decision coming at 2 PM Eastern time tomorrow. You can always get a head start for questions on any show.
Just email MoneyTalkLive@TD.com. That's all the time we have for today show.
Thanks for watching and you will see you tomorrow.
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Every day, I'll be joined by guests from across TD, many of whom you'll only see here.
We're going to take you through what's moving the markets and answer your questions about investing.
Coming up on today's show, we are going to be joined by Bryan Rogers, Senior client education instructor at TD Direct Investing. He wants to take your questions about how to get more out of the web broker platform. MoneyTalk's Anthony Okolie is going to join us and give us a preview of what to expect from tomorrow's Fed rate decision. Here's how you can get in touch with us.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Forget our Guest of the day, let's get you an update on the markets. We will start here at home with the TSX Composite Index.
We have modest green on the screen, 45 points, up about 1/5 of a percent. It's notable considering that West Texas intermediate, American benchmark crude, has broken below $75 per barrel, this on concerns about China's consumption appetite. Other parts of the market are holding us up on the TSX. Notable movers include Filo Corp., you may not of heard of this miner before today but they are being acquired by BHP and Lundin. That has Filo shares up to the tune of almost 9%.
Bank of Montréal is an outlier, -3.5%.
Other financials are modestly to the upside.
Before the Fed meeting, some weakness.
Tech stocks continue to weigh on the market.
41 points to the VN side for the S&P 500, both records of a percent. The tech heavy NASDAQ even more to the downside. Pullback in many notable names. Nvidia is down today. Meta Platforms, we got a bit of news out of the name.
It's not moving all that much, modestly to the downside. They have settled a lawsuit in Texas over the use of biometric data.
They are agreeing to pay $1.4 billion. You might say what is biometric data? The suit alleged facial recognition technology used on uploaded photos and videos had run afoul of them and Meta has settled that suit. And that is your market update.
Tomorrow we are going to get the big one for the week, the latest rate decision from the US Federal Reserve. Joining us now with a preview is MoneyTalk's Anthony Okolie. Anthony, of course, we don't know.
They have entered that meeting, we don't know what they are talking about behind closed doors but we know what data they took with them into that meeting that could help them form their decision. What stands out?
>> The PCE Index, which we got on July 1 stood out to me because it came in softer than expected and edged up .1%. Another confirmation that inflation is slowing.
That was in line with estimates. The core rates, when you exclude food and energy, was up marginally .2% month over month, that was in line with expectations. We have seen a trend of cooling inflation since peaking in 2022. It has come down towards that 2% target that the Fed has been talking about.
We have seen progress on inflation. We have seen a rise in the unemployment rate and that is leading some experts to believe that we could expect a 25 basis point rate cut tomorrow or even a 50 basis point rate cut tomorrow. The reason why I said they think that the job market is nearing an inflection point and they believe that the Fed does not want to risk a recession.
They do not want to risk losing that soft landing and to believe that raising interest rates now would perhaps mitigate that.
>> So right now we are talking about a Fed that tomorrow is probably going to come out, not do anything, but hints. The market is looking for the hints, the wink, the nod from Jay Powell that they could be ready as early as September. It's interesting to watch the market reaction.
That is the market expectation, they will say that the couple come in September.
There's been this rotation of big tech.
When we started getting indications of an upcoming cut, small caps started doing well.
>> The small-cap, cyclical's are ones that could benefit from a rate cut as opposed to the big tech firms and that's why we continue to see that rotation. Markets right now are fully pricing a rate cut for September and when we look at the expectations for TD Securities, they believe that the markets will hold, they will not cut rates on Wednesday but they are estimating that there will be a rate cut in September and December as well.
They also believe that in that meeting it will be acknowledged that there has been progress on inflation in the second quarter. The Fed will no longer reiterate that inflation remains elevated. They expect the Fed to remain data dependent until they have full confidence that inflation is cooling towards that 2% but right now markets are not pricing in any rate cut on Wednesday but are fully pricing one in for September, whether or not they will get that nod by the Fed Chairman, that's what they are hoping for, that he will signal a rate cut, we will have to wait and see.
>> They call it the big wink.
I don't know if it will technically be one of those, but we are going to be reading the tea leaves tomorrow and you will have full coverage on the other side.
>> We will have full coverage, we will be interviewing Scott Colbourne of TD Asset Management with market reaction to news of the Fed. That will be out tomorrow afternoon.
>> Thinks that, Anthony. Afferent pleasure.
>> When Anthony does that interview with Scott you can look out for it on your inbox or on our website, moneytalkgo.com.
Coming up on the show, we got Bryan Rogers from TD Direct Investing is going to join us, he's going to answer questions about the web broker platform.
And a reminder that you can get in touch with us any time.
even now, during the live show.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
First, let's what you updated on some of the top stories in the world of business and take a look at how the markets are trading.
We have some dealmaking in the mining sector today that is aimed at the copper market. It BHP Group and Lundin Mining are teaming up to buy Filo for roughly $3 billion US. Filo owns a large copper project on the border of Argentina and Chile.
BHP has been copper production growth a priority under its CEO, Mike Henry. You can see Filo right now on that news up to the tune of almost 9%.
I want to check in on shares of CrowdStrike. They are back in the spotlight again. Right now, we are down 12% and you can see in recent weeks, TED Talk has pulled back. This is amid reports that Delta Airlines is going to seek compensation following that IT outage that crash computers around the world.
CrowdStrike's software update was behind that outage that hit Microsoft computers.
More than 6000 flight following the outage were grounded.
The unconfirmed reports just Delta will be seeking damages for both CrowdStrike and Microsoft. It was a mix quarter for consumer products giant Procter & Gamble.
The company be on the bottom line, but topline sales were softer than analysts were expecting.
P&G's a lower demand for its price your skincare products and diapers.
P&G is down to the tune of almost 6%.
Quick check in on the markets. The TSX Composite Index is holding up despite continued weakness in crude. 39 points, pretty modest, but still, of two almost 1/5 of a percent.
On the eve of another federate decision, we continue to see weakness in the big tech names, rotations and other parts of the market, the Russell 2000 is holding and modestly in positive territory but we are seeing names like Nvidia and other big tech names to the downside, pulling the S&P 500 down to the tune of a little shy of a full percent.
All right, as promised, we are joined now by Bryan Rogers, Senior client education instructor with TD Direct Investing.
Welcome again to the program.
>> Always a pleasure, Greg.
>> Happy to have you for the whole show.
>> Fire away.
>> Here's the first one here for you.
Someone wants to know where they can find insider activity on the platform. They been looking but they can't find it.
>> We have to make clear that we are not talking about insider trading, that illegal aspect. We want to make sure we clarify that.
There are insiders within certain companies, CEOs and all the directors and the VPs, anybody that has a significant share in the company can trade stocks.
They have to file a form with regulators to do so. That is publicly based information. I think that is what this question is referring to and the person that sent this, they are having trouble finding that on my broker so I'm glad that we can go in there and share. There are a few reports that you can use and once you know where they are, it's going to be useful. I would not say it's the only thing you can use to help you decide on whether to use this information to buy or sell but you can get an indication because these are insiders and they have information on the company, if there is a lot of activity on a buy, there may be an additional checklist you could use to decide whether you want to dig into it further if there are other indicators to help you decide whether to buy or sell.
If we do jump into a broker, I will share my screen here and show you, in the report section, go to research and then you would reports, there is an entire area. The viewer that was writing that in, you may not have stumbled upon this yet but if you go to the report section and you scroll down on the far right, you can see there's a number of other reports, we will probably look through those later to, but there are insider insights.
You have daily vicars insider picks, from a company called Vickers. You can read the description.
Those are the companies that they are watching. There is income market insider and another ink morning insider and even 1/4 one that will actually go into sector reports as well.
If you are focused on a specific sector, you were talking earlier about mining, you might find that under materials.
I'm going to switch over here to one of these reports. I've opened up a few of them. To give you an idea of what it looks like, this is the vicars insider picks and you can see, it will show you the number of buys, shares bought and the dollar value, you have to figure out for yourself what this is going to indicate but if you do see some really large numbers, you could look at the ". This is the Argus vicars insider report and then there's a big research report providing insider news and knowledge to investors.
It will give you some graphical sentiment indicators, showing overall sentiment and use on stocks, you can see they have highlighted with insights on activities, whether it's buys or sells, from insiders within the company.
There's one last one, I won't spend too much time in terms of detail, but this is another one to give you an idea what it looks like as an example. You can see there is indicators sentiment. He goes into some individual stocks later on as we scroll down.
So there you have it, that's where you can find the insider information. Not insider trading.
>> That's an important distinction.
Another tool that people might want to put into their process and find out what it means for them or some of their research.
Another question here for you now. Someone wants to know, how many of you are watch lists and web broker? I only see add to watchlist. Someone has been adding names to watch was, okay, where is my watchlist?
>> Exactly, you add those on and there is a button in my broker we can add to watchlist but that's not good if you're adding them and wondering where they when off into the abyss somewhere, but they all go somewhere and usually there is a section on their, and that's what I think is confusing sometimes at first, it will just give you when you click add watchlist, it will ask you which list you wanted to add it to but if you haven't created any yet or named any or didn't know where to go, it can be confusing or tricky to find. Let's clarify that. If we jump into web broker, we can go to research and stocks to show initially what this viewer was asking about. Go to the top. I have Home Depot appear.
You can pull up stocks from here.
Let's say if I grab Apple just as another example or type in another stock, that's how I pull it up initially. But the one they are referring to is you have this add to watchlist icon which they were wondering, where does it go after that?
Notice it has selected a watchlist at a simple. If you hadn't added anything yet, it'll say watchlist number one or watchlist number two if you haven't done anything yet.
So if I just want to add this one to the one called dividend, some might already be full so you might have to go in and delete some.
Under dividend, it's as simple already added. That means it's added now to your watchlist.
If I close this, when I close this you will see up to the top, there is a watchlist icon a star right here, and that might be what's missing.
The watchlist is going to take you to your up to 10 watchlist that you can have an web broker with up to 10 symbols per watchlist and you can add different types of symbols. This one has stocks and some mutual funds.
You just enter and assemble here. You can use this drop-down.
If we go to the one I just did, the dividend, there it is. TD, Loblaw Telus, I have written ones added on here, Apple.
Now we can see all of our stocks on the watchlist.
This is called the signal list view, meaning I can go to each tab, go to banks, my long-term holdings, my money market, etc. If I want to look at more than one at a time, you can go to this multi-list view here. If I click that, it will do three to time but at least you can see her lists in a grouping of three and you can go back and forth with these arrows if you want to see some other ones at the same time.
That's just a different way to look at it.
I like the single list because you can do a little bit more and you can see quite a bit more on your individual list in terms of the columns you may want to see. What I want to show, just as a quick trick or tip, maybe you have seen it before and some of the shows but if you are looking to use these watchlist as an example, I have TV here, and I wanted to use it as a tracker, I have a fundamental tab but also a tracker tab word now I can actually enter in.
Let's say I want to enter in a share price and a number of shares that I bought on the mock basis, I can enter that in, but the average cost, quantity. If I click on this I can also edit it. It's like paper trading.
It's very basic and simple paper trading but you can add in, if I wanted to say about Apple today, I can click on here and adding 100 shares and use today's price, the 217 approximately, 217, 16, do the decimal there. There you go. And then go save.
And that will continue to monitor over time, how am I doing on my apple position that I just entered into this watchlist?
We wanted to show you where you can find your watch lists but this is also a really cool tool that you can use to track any stocks you might be looking at.
>> That's one of my favourite tricks on there. I use the tracker to quite a bit. I felt all of my different watch lists across the 10 silos and sometimes it's a matter of how smart would I be if I had done this? I looked back at some of them and thought, wow, I'm pretty clever, but it was all hypothetical. It's nice to be clever hypothetically. It's nicer to be clever and the real world, I think.
Let's get to another question from the audience for you. Can you please tell me if there is a way to get a list of all the strong buy stocks?
>> Yes.
When we want to find out what the ratings are from the analyst, these guys are the really smart ones, they are eating, sleeping and breathing the stocks.
These to be and what broker it was kind of frustrating. This came from client feedback. There are endless ratings but they are all over the place and there only two or three at a time.
Where can I find a lot more? In terms of a listing of all the strong buys and things like that, we have an analyst centre which I will show later on. I will show a little bit right now but their features on another question but what I want to show was a really cool area within the reports again so if we jump into what broker, it's not a conference of list but there are some companies that do provide lists of what they perceived to be strong buys as an example or hit lists as they call them which are stocks that may be from MorningStar as an example might be something that they are saying is a recommendation. So we go in here under research in any good reports.
There are a lot of different reports are to see. You can see there is market Outlook and premium. Some people may not have access to some of these. Most of these here at the bottom you will definitely have available and if you scroll down near the bottom left, you're going to see there is an Argus market movers. That one is pretty decent. I personally like myself the first call, most recommended.
I will show you some of these headlines and titles and you can investigate them yourself. They have upcoming announcements, MorningStar Canadian court pick list.
I like those because they do it based on a high MorningStar rating and they have other ratings whether it's going to be a body, fair market value that they expect, things like that.
Those are a number of lists, you have a US pick list and so on. But I want to show you quickly with the first call most recommended looks like.
I did open already so let's jump over to that one.
This is somewhat of a list. This will answer the viewers question for the fact that you can see Europe at the top it says "Following the company's most recommended by analysis on the first call network. At least five analysts recommend each company as a buy and at least one analyst follows each company and has revised his or her earnings estimate upward in the last seven days." So you have a list for it has 14 total companies recommended. It gives you some additional information and shows you the number of analysts and things like that and it shows you a graphic as well.
Just a list.
Those are the buy ratings in a list format. That being said, I wanted to stay and what broker for a little bit longer.
There is also the analyst centre. If we scroll up to the top, this can be used in a bunch of different ways.
It's also not a conference of list but it is a list based on analyst reports. If we go to research and then analyst centre on the left-hand side, this is a really cool tool provided by a company called to pranks and really quickly, we don't want to go into too much detail, we are just looking for those buys and sells, but if you want to look at buy ratings, you can click on buy, but just to see what the buy ratings are now, you can click on the buy listing and there also trading stock tabs where you can get somewhat of a list to see are there some strong buy ratings out there, etc.
>> Another great area to check into. I was more familiar with the last part you're showing on the reports. I can't start looking at those reports as well.
>> You have looked at this before?
>> I've gone to the analyst centre more than I got to the reports but I'm like, I should start looking at the reports as well. The audience learns, I learn along with the audience when you guys are on.
>> Excellent. Those are great to have because they are not totally comprehensive of but at least you have something that they are putting out there as recommendations.
>> Great stuff. As always, make sure you do your own research before making any investment decisions.
we will get back your questions for Bryan Rogers about the web broker platform in just a moment's time.
And a reminder that you can get in touch with us any time. Just email moneytalklive@td.com.
Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
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You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
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Okay, we're back with Bryan Rogers taking your questions about how to get more out of the web broker platform. He did not give you much of a break there. Hopefully you had a sip of water or tea, whatever you got going there and you're ready for the next onslaught of questions.
>> I've gotta take a breath.
>> Were pretty generous here. We like to let the guest take a breath every once in a while. Here's another one for you. Where can I find the top rated analysts? Is there list available in web broker?
>> We give you an answer to the analyst centre. This is something that came in a while ago from viewer feedback, user feedback for web broker and is something from a company called Tip Ranks.
We are going back to the same page as you were on earlier, go to research and analyst centre. It says analyst ranking on the left-hand side. You can check off if you want to only see the top rated five star. It will do for 1/2 to 5 star.
Anything over four, you can now see all the analysts, all of these buy or sell recommendations or price targets you could see as well, I got a filter for buy, if I want to see buys and sells I can take that off, there is buy, hold, at some point there should be some cells, maybe on the second page.
You will notice that they are all 4 1/2 to 5 star rated analysts so and I can get an idea, okay, I think I trust this Guy, he looks good, he's a five star, Jason Bedford. There's his price target. He's got it as a body.
From there, you can jump into clicking on assemble. That will take you into the area of what broker that has an overview.
I will click on that and a second to take a closer look but when I wanted to show as well as you can filter if you want to look for just US stocks, you can filter for only US recommendations. Or if you want to go by only mega-cap stocks, that market, the large-size company, you could do mega to large.
It will filter it in terms of what you're looking for. You can go by sector as well.
If you are looking at materials as an example. The further down I filter, the less I may get but let's say we try something else like consumer goods.
Nothing there. If we took off the mega and large, I don't know if you'll get anything. We are not having much luck.
So sometimes a sector may not have exactly what you're looking for in terms of how you have it filtered. You can filter by US, Canada, etc.
Within this tab, to make sure you're getting all the you're looking for, you can go to trending stocks and you can see that these are ones that in the past number of days, you can see that I've got most rated or I could say best rated or filtered down. I want only see the last 72 hours, the ones that are coming hot off the presses right now. What are the ones that are trending.
You can see the number of buys, is it screened as a strong buy, what's the upside.
There's a lot of information you can see if you filter properly and look at those trending stocks and so on.
The last one I want to show, this question was asking, where can I find the top rated analysts? There is not a definitive list of the ratings.
Tip Ranks, if you pay for the subscription to that company, you can get that.
If we go into this most recent, there's this Jason Bedford. If we go into the stock, Dexcom, you go there you go to the analyst tab within the stock quote on the right-hand side, once we go in there, now you can actually go in here and find this particular analyst and you can follow that analyst. You can see it says follow. If I click this +, I follow him. Now when I go to my followed analysts, this is where I can see all of the stocks that they are following and I can see the ranking.
It may take a little bit of searching, you kind of have to play around with a little bit. I found a few myself that were pretty high ranks. Let me see with the highest one is that I have.
They are in about the 200 range. I thought I had someone that was ranked within the top 50 or so. But you have to do some searching to find them.
But you can see what their ranking is, average return for rating, this is showing us 10.3, he is ranked 320 out of… 248, sorry, 248/8966, so he's in the top 300.
This is the Guy was talking about.
This Guy is number 18 of almost 9000. You find a good analyst on there, you can follow them and you can follow all of the stocks that they are reading as well. So you can become a number one fan of some of these analysts.
>> That's a viable tool their people could add when they are doing their research and work on different investments.
Take another question from the audience.
Someone wants to know, if I sell a Canadian stock held in a US account, do they have to transfer it to their Canadian account first?
>> Okay. This one I don't really have anything on web broker to show but I could explain it in terms of how it works within TD Direct Investing. I will give some caveats as well.
The answer is yes, you can do that.
You could sell Canadian stocks that are held in the US accounts. You would've had to buy it in the US dollar account or you can transfer thereto. What often happens, and it's happened to me before, is about US stocks in the Canadian account. The website will let you do it. Usually gives you a wording to let you know you are buying this in a different currency.
So it will automatically exchange those Canadian funds into US dollars to buy the stock. While you have the stock, there is no issue in terms of currency exchange, is just when you go to sell it, in my example, if I had it in the Canadian account may go to sell it it's going to turn those US funds into Canadian again and you're doing a lot of buys and sells, you can run into a lot of currency exchange and you get a little spread that the banks and financial institutions do charge for converting your currency. If you're doing that frequently on buys and sells in the wrong account, that can really add up and be a detriment to your investing so you can end up paying a little bit more where is if you just moved him US dollars initially, Lisieux $20,000 US that you know you're gonna be trading within US stocks, this move back to the US dollar now can buy and sell in US dollars that way.
I know this question was saying if I had a Canadian stock held in the US account, can I sell it? Yes, you can, it would not be the end of the world if you did it once.
But we could also do is just transfer it in kind back-and-forth as long as it's listed on both exchanges and you could just move it back to the Canadian portion of your account, sell it and then adjust can be sold in Canadian dollars. Or vice versa. If it was US, a US dollar stock, you could move it back to the US dollar account and sell it in US dollars and then continue to use that money without getting that hit from the currency exchange.
Does that make sense?
>> That does make sense. An important consideration for people what you are talking about the impact of foreign exchange on your investments and how you're structuring everything.
Here's the next question right now.
I would like to know what kinds of conservative mutual funds are there available? Is there way to screen on web broker?
>> Yeah, that's a really good question.
It's a question that's hard to answer because I know if you-- I know it's a mutual fund companies, with TD for example, TD has a certain family of funds that are labelled that way were they say it's a conservative fund or balanced fund or aggressive growth and things like that.
Some mutual funds don't do that. There are a lot of companies that do not. We have almost 10,000 funds you can buy within web broker. There are ways where you can basically filter a little bit in terms of some of those types, like a balanced fund.
For those that don't know about mutual funds, that would be an element, a fixed income and bonds and another element of equities to give you a bit more of a return but it's balanced meaning that it's very diversified and holds all of those asset classes. You can have some risk but it may not necessarily be super conservative. Other funds might have just fixed income, bonds, GICs and things like that were really safe bank stocks, they might be towards that conservative end.
You have to have a bit of knowledge to know what you are looking for but there are a couple of things you can do, you can filter by risk within web broker using some of the screeners. What I will do is share that.
We will go into a broker and show the first place you want to start with which is in the mutual fund section.
If we share web broker here, if we go into research, it seems you're always starting with research, we go to research and mutual funds. In general, what you're going to see is overview.
You have an overview tab and you have categories, analyst choice, etc. There are a number of different ways you can do it.
There are balanced funds, ones that are not going to be super volatile. You can look at this chart and see some of the volatility in terms of their levels of return and how much they are moving up and down and if you are okay with that, you could say, okay, I'm going to look for some balanced funds. Or if I go Canadian bonds, you can see returns are getting a bit lower but there's not a ton of fluctuation. Then there's Canadian equity, there's a little bit more fluctuation here, little bit higher returns.
International bond. Okay returns over the last little while but not as much move in the up and down. You can get the idea where this is just on the one year basis, you go three-year, five-year, tenure etc., to get an idea of what the volatility is.
If you scroll in here you can see there are a number of different categories, actively manage bond funds, those have a lower return, but might be less risk if we are looking for more conservative.
Monthly income funds and so on. I would say starting there, just going through some of the areas where you can find different categories, this is sort of a quick screen tools you could do that as well, you can go into a fund category and see a drop-down. Some of these portfolios are little bit more conservative but as I said, it doesn't really have anything were just gonna say conservative fund so you may have to go through all of these, this Canadian neutral, balanced, there is corporate fixed income. Anything that has more of that fixed income and bond basis is going to be a little bit more conservative, but what I would recommend to do is if you go in through this other area, go through all these and see if you could find some other things you are looking for if you are going on specific funds and go through the specific categories, you may find a fund that fits in terms the return and level of risk that you are looking for but if you really have no idea about what any of that means, you can go into the research and screeners and click on mutual funds, so you can make a mutual fund screen. Here I added on different criteria.
When you go to the bottom of the screen, you will see criteria that says fund type.
I looked for balance, Canadian bond, there. I did five-star MorningStar rating.
Remember when you do this yourself, you're going to go create custom screen and add these criteria. I will show a quick example, I will show fund type, go to criteria, and then I can look for whatever I might be looking for. I'm looking for something very conservative, I might go Canadian bond or I could go to US or international bond funds and it's giving me 563 different choices. If I'm thinking conservative, I might want something that has a little bit of return but has some safety. If I go back to my screens, if I go to research and then screeners again, this one that I had saved, here I will show you what it looks like. If I review the matches, what I would say you can then do is you can check this, or uncheck this.
You can see summary, profile, rating, performance and there actually is one under risk. If you go under the one called profile, that will actually give you a column for the level of risk and now you can filter this by lowest to highest. So if you're looking for really, really conservative, you can start to see there is a Canadian short-term fund where the income is low. You can scroll to get something higher.
If I go all the way to the other end, you can see there is a global equity balanced fund that has a bit higher level of risk.
You can filtered out by risk. There are a number of other risk variables you can look at here but you have to do a bit of digging and some research on one of these, was the Sharpe ratio in the beta and things like that. That is something else you can use to analyse what kind of risk do you have on your fund.
If you do it on a screen, you're gonna get all of these other columns to help you do your research.
>> I'm gonna start digging into these tools in the coming days. We are going to get back your questions for Bryan Rogers on the web broker platform in just a moment's time.
As always, make sure you do your own research before making any investment decisions.
and reminder that you can get in touch with us at any time.
Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
deum three You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
[music] We are having a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing. We have the heat map function, a nice picture of the market movers. This is the TSX 60, screened by price and volume. On the top line TSX, even though we have substantial pullback in the price of oil today, we are not seeing the energy space get hit all that hard. There's a little bit of modest green on the screen.
It's the financials though, the heavyweights on that topline composition number that are putting some points on the table.
You can see BMO was the outlier, down almost to the tune of 4%. South of the border, the Fed has entered their two-day meeting. They come out tomorrow with the rate announcement at 2 PM Eastern time.
The expectation is the Fed will be cutting us into September.
It's been interesting because there has been a sector rotation. We have seen selloffs in some of the big tech names and money moving into small and mid-caps thinking that that part of the economy in the states will benefit from a soft landing that includes a rate cuts. We are seeing further selling Intact today.
Nvidia's down almost 6 1/2%, Tesla down more than 4%.
Also some names moving off of earnings, MRK down almost 10% and PayPal, green on the screen in the corner off the back of its latest earnings report, up almost 8%.
We are back now with Bryan Rogers from TD Direct Investing taking your questions about the web broker platform.
Someone wants to know, is there a way I can see when the earnings release will be and what the street estimate might be?
Another part of the process here for people doing research.
>> That's a great question. Something especially if you are looking to find out for a stock you own, what kind of earnings releases are coming up or maybe if you are looking at doing an earnings play, you say, I think this stock, for example, is going to go way up. You have heard some rumours and did a lot of research but you want to know the date of when this is gonna happen so if we do jump over to web broker we are going to go into our handy-dandy research tab. If you go to research and of Arctic on up there but just see you guys know where I'm going, I went to research and then events. That's a good place to start because it is going to automatically show you, sometimes it might default of the Canadian flag, you're gonna get Canadian stocks that are released.
This is for today. Notice appear, there is a calendar. You can change the date if you want to look at a different day. It will default initially for today.
There Shopify, Canadian Pacific Kansas City, Intact financial and so on.
These are ones announcing today.
These are highlights.
It's not all 35. If you click on one, it will usually take you to the list but you can also go right to this list right here and this is all 35. You can see Weston is announcing today. We have estimate information. The of the previous year, how many analysts are following it, revenue info. There's a lot going on. You just mentioned with Advanced Dashboard, there's a lot going on in the US markets for earnings. If you click on this leg in the top right, you can see now there's Microsoft, PNG, Merck, these are the highlights.
You can see there are 270 different announcements. You can plan out your week using this, using the calendar.
You can say here's a couple I really want to see happening on Tuesday, here's a bunch on Thursday and then he can get a really good picture of what's going on with earnings and then the estimates and so on.
If you want to dig in a little bit further, for example if I go into Microsoft and click on overview, there is an area within the overview section of events as well. You can go to events and will show you some information. I will do that quickly.
It's not going to give you a ton, it's gonna give you an estimate.
There's an earnings tab in there that shows you what is being expected? What is happened in the past on the left-hand side over here?
What is expected? Here are the estimates over the next few quarters. And you can see this in more of a matrix version just to see what's expected by analysts for the upcoming earnings on a particular stock.
>> Bryan, great stuff as always, my friend. The show just flew past. Lots of questions there. We all learned a lot. I look forward to the next time. Next time you're on you will probably do a shorter statement but I obviously enjoy these longer ones as well. We will book you for another.
>> Me also. Always a great time, Greg.
>> Bryan Rogers, our thanks to Bryan, senior client education instructor with TD Direct Investing. As always, make sure you do your own research before making any investment decisions. if we don't have time to get to your questions today, we are going aim to get them into future shows. Stay tuned for tomorrow show.
Gennadiy Goldberg, head of US rate strategy with TD Securities is going to join us with his take on what to expect from that Fed rate decision coming at 2 PM Eastern time tomorrow. You can always get a head start for questions on any show.
Just email MoneyTalkLive@TD.com. That's all the time we have for today show.
Thanks for watching and you will see you tomorrow.
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