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[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 will be entering your questions about the WebBroker platform it's all. Bryan Rogers, Senior client education instructor with TD Direct Investing joins us for the entire program.
MoneyTalk's Anthony Okolie is going to give us a preview what to expect from tomorrow's Canadian inflation report.
So here's how you can get in touch with us is your questions and comments.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Before we get to all that and our guest of the day, let's get you an update on the markets.
We've got some green on the screen. It you nine points to the upside for the TSX Composite Index, that's again of a little shy of half a percent. We are seeing a move back into American benchmark crude, it's just about 73 bucks a barrel. Some concerns about a taxi will be seeing on in the Red Sea on tanker traffic and what it could mean for crude shipments.
It's boosting the price of crude a little bit and inflicting some of the energy names. Let's take a look at Baytex energy.
It's getting a bit of a bid. For 46 per share, it's up more than 1/3 of a percent.
It's modest in the green. Denison Mines uranium play continues to make gains.
It's up 1.7% today and it's up about 50% this year.
South of the border, let's check in on the S&P 500. We had the Fed last week simulating the conditions for a Santa Claus rally but then the as is custom for the Fed, we had some speakers come out and say the market is misinterpreting what was communicated. A bit of push and pull.
You're up 21 points on the S&P 500, a little shy of half a percent. The tech heavy NASDAQ, let's see what's happening in that space. A little bit weaker but still green on the screen, 58 points were 1/3 of a percent.
And U.S. Steel, want to check in on this name. We will tell you more later in the show. With a 27% pop, it's being bought by a steel company out of Japan. And that is your market update.
We've all got one on the holidays but we've got a lot to get through this week including the latest read on Canadian consumer prices. Joining us never preview, MoneyTalk's Anthony Okolie. This is a serious one. Some people might have their brains-vacation but this has been the fight all year, against inflation.
>> That's right, this is the one that the Bank of Canada will be watching closely.
The inflation backdrop has improved substantially from late September and even with both headline as well as the Bank of Canada's core measures, core inflation excluding food and energy, they've been tracking lower, headline year-over-year.
That rapid shift in momentum over the last four months will be important for the next two inflation reports ahead of January's Bank of Canada's his decision. TD Securities is looking for the November CPI to come in and show further progress to the 2% target. They look for headline CPI to edge lower .1 percentage points to 3% year-over-year in November. Month over month, they see unchanged there. They think that energy prices will exert a moderate drag on the headline number with TD Securities forecasting and other 3% month over month drop in gasoline prices.
They expect food prices to rebound after three consecutive month over month declines from August to October. In addition to the inflation report, we also hear from Bank of Canada Gov. Tiff Macklem at the end of the week.
>> I think he gave that speech on Friday.
>> I'm sorry. On Friday. My apologies.
You are correct on that. He did deliver that.
>> The pushback like the Fed does.
It's too early to start talking about rate cuts.
>> I think as I mentioned, the inflation report, not just this one but in January as well will be key to them. They want to see inflation cooling before they can make any decisions and say that inflation is one.
>> Inflation is the bigger part of the week. Their big expectations out of TD that we will continue to see headline come down. Just when we think the big news of the week is behind us, Thursday we got a very lead big one and Friday we've got a pretty big one as well. We have got a pretty full week.
>> We have the retail sales outlook.
That's coming up this week.
TD Securities is looking for retail sales to rise .7% in October, building on the job that we saw in September. They see some strength from the motor vehicle sector as well. That's going to drive retail sales in October. They also see more weaker consumer spending in auto sales. It is only expected to increase my super percent month over month, pretty much unchanged on a year-over-year basis.
We also get the GDP numbers as well. They are looking for the GDP level to rise .2% month over month, the strongest month since May, amid a rebound in both conventional, oil and gas, as well as construction. A heavy week of data for investors to pour over before winding down to the holidays.
>> We will stay on top of it for them here so they can do other things like it ready for the holidays.
Thanks for that.
>> My pleasure.
>> We are going to get to your questions on the WebBroker platform for Bryan Rogers in just a moment's time. You can get in touch with us at any time.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Right now, let's get you updated on the top stories in the world of business and take a look at how the markets are trading.
There is a multibillion dollar deal today in the global steel industry. Japan's Nippon Steel says it's buying U.S. Steel in a deal valued at $14.9 billion. The Japanese steelmakers looking to significantly expand its production capacity in the United States.
This deal comes after U.S. Steel itself launched a formal review process back in the summer. You can see U.S. Steel is up 27% on the news.
There are some new developments today it closer to home and the succession drama at Gildan Activewear. The T-shirt and socks maker says the plan to replace its cofounder Glenn Chamandy was a deliberate, multiyear process. The statement comes after several large investors in Gildan called for Chamandy to be reinstated to the top job, seeing the succession plan was mishandled.
Let's talk about Adobe and Sigma. They have put an end to their plan $20 billion merger, citing regulatory problems.
Adobe will have to pay Figma a $1 billion breakup fee. Adobe's up about 2% on the news.
You will recall that when the deal was announced, the shares pulled back.
Quick check in on the markets. It will take a look at Bay Street and see how the TSX is doing, from her price for crude and some energy names are in positive territory. Good enough for 97 point gain right now, about half percent.
South of the border, let's check in on the S&P 500, the broader read of the American market. It right now 20 points in the green, up half a percent.
All right, we are joined now by Bryan Rogers, Senior client education instructor with TD Direct Investing.
Always great to have you on the program.
Usually on a daily basis with you and your colleagues, today we get you for the entire program.
>> Yes, I can answer all questions today.
>> Here in the hot seat starting now. Look at our first question.
You got a problem with this step. You know the platform inside and out. Let's start with this one.
A viewer actually wants to know what you features are coming to WebBroker?
>> Yeah, and I was excited to see this one.
Maybe we have quite a bit of excitement about what's going on in my work all the time but it's nice to see one of our viewers wanting to see this as well.
There actually are a few new things that we have that have come out and I'll show you where you can find that stuff and then we will take you through a couple of things even outside of WebBroker that many people may be interested as well.
If we jump into the platform really quickly, I want to show you, there is a key area. If you want to look into it yourself and find out what's new, you will look at the top right where your name would be, my name is there, yours would be similar, you go to this section that says messages.
If there's any messages, there are often important messages like if you have a margin account, a margin call, hopefully you don't have anything like that but if you are trading option, there were a few messages about certain dates.
A number of things will be there. This will be in the general section. One of the things that is brand-new on web broker, but was in the last few weeks, there is a messaging centre.
I will go back to this in a second. I'll tell you about why you might care about it as well.
Really it's like an internal email system.
I will tell you why that might be valuable. One thing that is coming out that was launched not too long ago was TD Direct Investing has launched its YouTube page.
I will be able to open up from here because I don't want to venture away from web broker but you can see here, check out TD Direct Investing on YouTube. You can subscribe to that and get notifications on whatever webinars are coming.
We often have live webinars with amazing guests from the industry, so it's a MoneyTalk but these might be 30 minutes on a particular topic.
You can often check in life in many cases and ask questions. There are also hundreds of other videos. This video on another thing that has just launched in WebBroker.
If you subscribe to the YouTube page, I don't have anything in this test account that I can show you, but there's RESP, registered education savings plans, you can watch a video we just launched the other day on now you can access your funds, you can withdraw funds from the RESP online. That something that wasn't available before. So your registered education savings plan, you need money for tuition, I know that's coming up for winter term right now or in the fall, we have children that are going to be attending postsecondary, you can now do that online where is he used to have to go into the branch and get certain documents for the school, and now you can launch and upload all of that on my broker just from the comfort of your own home.
You don't have to make that appointment but it makes it a lot more convenient for those RESPs.
We can go back into what broker really quick for one more thing. Just to show everybody what the secure message thing is.
Right here, so now, you're at the inbox, you might think that that's not new.
There is always an email inbox. The reason it's pretty special and what broker is if you were to go to the branch, sometimes you may have go to a branch for certain things because it secure, you know your information is secure. If you call a contact centre and the ever have to email you or you have to email them or you have an inquiry about your account, they have to send secure email messages but it's a bit tricky. You have to download a secure messaging system and so on. Now, you can do it really conveniently in WebBroker.
When you log into your account, you have the same security of being logged into your account.
It's going to be completely secure within the website.
>> All right, that's good to know as well.
You mentioned RESPs when you are talking about web broker. That's very pressing for a viewer. They say they have been interviewed into an RESP for their children's education for years but now it's time for withdrawal.
They said that it doesn't have to be done in a branch but can be done on my broker.
How do we do that?
>> On my test account I only have a margin and a cash account.
If you have an RESP, there should be when you go in to do the withdrawal, there should be information on there. But going back to that same section, going into the messages and checking out right just mentioned that YouTube page. If you open this up, I won't open it now because it may take me away from web broker which we are sharing, but one of the first videos that we published I think it was on Friday, brand-new on Friday, it takes you through all the screenshots and everything you need to know in terms of you can upload documents and it'll say how much you want to withdraw, it tells you what types of withdrawals are on there, it will all be explained and shown how that is done in WebBroker.
>> Good stuff. To the viewer who said that questioning, I know what you're going through. I got two kids in university right now and it is not cheap. Let's get another question now from the audience. It not at all.
Can I contribute my RRSP or TFSA online and what about in kind?
Perhaps that's afraid people have not heard before, in kind.
>> Yeah, that's a really good question.
Those that have never heard of this before, we mean there is if you want to contribute to a TFSA or your registered retirement savings plan, this is coming very timely right now because it's in that season where we have up until the end of February to contribute to an RRSP before you do this year's taxes. If you are wanting to do that, I think we are all familiar with the fact that we can transfer cash into those but some of us may not have known you can actually do this in kind, meaning you can take shares, for example, you could go into your TFSA, take some shares out and move them into your RRSP or take some shares in your taxable account that you may be in a situation where you saying I've got a little bit of a loss or made a small gain.
I'm going to move this into my RRSP and I'm going to get that contribution to lower my taxable income for the year. So all the benefits that are there, we always say check with the tax advisor to make sure what you are doing but there is a way you can do that in the platform.
So let's jump in and we will show everyone where that is.
Some of you may have seen the actual transfer section before but not realize that you could do this for your shares as well.
So all of that stuff is usually housed on your accounts.
You can see transfers and withdrawals.
Right here, this is the same section where if you have a TD Direct Investing account, a TD Canada trust account, you can easily move money. There is a section where you move money from outside of TD. This is where you select your accounts if you're gonna move money and do a contribution.
Your money is going to be available. If you don't see your RRSP or TFSA, they should be connected in here already, just call it. You're going to go to securities transfers right here. In that section, you select the from account. I don't have anything in this particular test account but if you want more information, I will show you what it looks like because I go into this? And this is something that is all through web broker regardless, whenever you are unsure more endowed of what to do, see if you have one of these question marks. If it's in the actual portal of your trader transfer, it will take you right away to the area that's related to this topic.
Say we have online eligible securities transfers. What we mean here is the value five a stock that's valued at $1000 and I move that, today, it's valued at that amount, and I move it into my TFSA or my RESP, I will tell you the exact amount is going through a and it will give you the details of what it will go through at.
And then you can see if we jump back in for one second we can see how the security transfer is going to look like this. As I scroll down, you're gonna notice that it will give you all of your eligible securities that you could move from your holdings and you're gonna select the quantity, here have 15 shares or 500 shares, these are just hypothetical stocks I'm showing in web broker, but in your account it will look just like that. It will tell you the value you're contributing so you know the exact amount that's going in and then normally right away it's gonna go in there, it's after hours and might tell you it will go in the next day and any other contribution, you don't have to sell the securities because you have the benefit is still having to get charged a commission, take the cash out, move the cash in, you can just do it all at once in kind.
>> If someone is worried about the tax implications of this they should speak to a tax advisor and I've done this before and another something called a deemed disposition if you're moving it from a normal account into a TFSA or RRSP, deemed disposition.
>> I'm glad you brought that up. That's a really good point. That's something you want to be aware of. We are not tax experts.
We do mentioned to talk to a tax advisor.
It sounds like you experiences before and I have two. It can be beneficial. Let's say you have some shares in a taxable account.
What we all know or what most of us should know is that if we are going to sell that, it's capital gains that we charge to us if we have stocks.
We will be charged capital gain so it's only 50% of whatever the gain is.
For example the capital gave $1000, I'm only getting a tax on $500 of that, 50% of that game. But at the same time to you, we all know we can carry losses forward as well. So when I move though shares in kind, if I have a stock that I don't have a capital gain on yet, maybe a loss, maybe a $100 loss for example, I will be able to carry that loss forward. If I put in my RRSP or my TFSA, I'm going to get the benefit that is going to be tax-deferred in my RRSP and get the benefit of the contribution or by putting it in my TFSA I'll be getting the benefit that it will grow tax-free going forward but there is no tax implication because I didn't have a gain on that position.
Either way, you want to be aware of that.
If you did have a big game, you'd want to know that you have to file that capital gain in your taxes for this year to know that even if you didn't sell the stock but you moved it into one of those accounts, it's just like selling a stock.
>> Okay.
As always, make sure you do your own research before making any investment decisions.
as Bryan and I have said, if you have worries about the tax indications of a strategy like that, talk to a tax advisor.
We will be back to your questions for Bryan Rogers on the WebBroker platform and just moments time.
And a reminder that you can get in touch with us 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.
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.
We are back with Bryan Rogers, we are taking your questions about how to get more out of the WebBroker platform, so it's got to them. We have of you are asking, in Canada, how can I buy and hold foreign currency other than the US dollar.
The example the gives the Swiss franc.
>> That's a common question we do get, Greg, and the answer on this is directly, no, we can't do currencies within TD Direct Investing because we know that we can buy and sell in Canada, I buy Canadian stocks and I by US dollar stocks, I buy them in my different accounts as well, I buy in Canada for my Canadian account, I by US dollar stocks and it will just convert and do the conversion for us. We are trying to directly buy something like this would Swiss francs or the British pound or the euro or whatever it may be, you can do it somewhat indirectly with exchange traded funds.
It takes a little bit of researching. I had to research is a bit myself where there's a lot of websites out there if you want to Google, there's an ETF database. I think it's ETF DB.com or you can search on Google. Just to show you an example if you are looking for one in my broker, do a little bit of research, find them so you can invest indirectly in that exchange, so the ETF is investing in those currencies so it's going up and down compared to the US dollar, it's always linked to the US dollar and you will but if it that way. We will jump into a broker just to show you a few examples. It got us an example if you type in here affects EE which is the yen, this is going to be related to, you have to do a little bit of research, it will move up and down similar compared to what the US dollar is relative to that currency. You can look up the euro.
They're pretty witty, they make sure you can remember this easily. The euro is FX and E.
You can always render that that's a euro.
Then we have another one unless the Australian dollar and the Swiss franc is in their somewhere as well. I can't remember if that's FXF, I believe. Yet, there we go. FXF is Swiss francs. You can buy those just like you could by any other ETF and web broker but it's going to be directly linked.
>> I've heard about an order strategy] order. What is it and how does it work?
>> This is one of my favourites.
We would get clients calling and saying they have a stock they bought a while ago, this is going to be for those who are buying and selling stocks, even if it's more long-term and you have an idea of, how do I get out of this particular stock itself if it goes up? The goes up, I want to get out of it and get a better price.
But I also want to protect myself on the downside.
Maybe have to go away on vacation or not to be able to pay attention because I'm busy at work. What happens if it starts going down and I'm not able to pay attention?
By doing a stop order. People would call and ask why they couldn't do both orders at the same time.
I want to ask you, Greg, what do you think would happen if I had 100 shares of XYZ stock and I tried to sell it at a bit higher price and then I tried to put his stop order in at the same time on the same stock. What do you think would happen in most platforms?
>> I would save you did them separately they're not really talking to each other.
You want to set up a trade where one perhaps would cancel the other, something like that.
>> Yeah.
A lot of times it would happen to you is it we give you an error message. It will say you already have one order in again set number of shares and you can't put a second one in, you can have the best of both worlds. But you actually can and web broker.
They have a workaround for you. It's one cancels another.
Say you ran into a situation where he sold his hundred shares, all of a sudden, the stock dropped a few weeks later, you sell shares again that you didn't even own. I want to explain how that works or how you can do it.
You might have to have some familiarity with the order types but let's go to, I will grab a random stock here. I'm going to grab Suncor.
You can do this simultaneously.
Let's take a look at those scenarios.
If I want to sell and put in an order at the same time, let me do this right now as an order. I selected a limit order. It's not going to allow me to enter in that stop order as well.
What I'm hoping to achieve here with the bracket order, you'll are achieving both sides of the market and that's why they're called bracket orders, I want to sell the shares at a limit price, say Suncor is at 42 now and I want to sell them for $50 and put in a long term limit order but it won't let me put in the stop order to say what if it starts going down. So if you noticed here, maybe you never noticed this but right here and the strategies, and now we have all these weird names like there's one triggers another, one cancels other, then there is first triggers one cancels other one, OCO, sounds pretty crazy with these acronyms, we love acronyms in the financial world, but it gives you a good explanation of what it is. Say we own Suncor already, then you go into one cancels other and then you have to enter your symbol in again so they know which symbol you want to apply this to you. Then I would click on sell and if I own 100 shares, for example, I would type in 100.
Handout this is where I put in my limit if I want to say for the next 90 days or so, usually with Canadian stocks, you can enter what's called a good till cancelled order and it will last for 90 days.
This is good till cancelled right here. Or I specify a certain date. Usually what you want to do is longer-term but you can do shorter term as well. So now I'm saying I want to sell my stock if he gets up to $50 because I'm not going to be able to follow it and login every day.
I want to sell it at $50 or better.
I go down and notices the second-order rate here. So I click on the section, enter or change.
And now I'm gonna scroll down and put in the same symbol because you can actually use different symbols for other unique strategies, but this is probably the most common one. Now, I'm gonna sell and I want to put in 100 shares, same amount, and I'm going to do a stop order or stop limit.
There are a number of videos on our YouTube page and elsewhere throughout web broker that will explain all of these orders.
In a nutshell, stock market is what I use the most. I would say well, if Suncor drops and I'm not paying attention to my account, if it drops down to maybe let's say 35 or something like that or 38, whatever you like is your stop, you don't want to do it too close. Let's say $35.
Now immunity the same thing, leave it open good till cancelled. It you want to make sure these times match.
I will go to preview and send them through. They will cancel each other. If one goes through, the other one is automatically going to cancel. They are not going to risk selling more shares and you know when you get an error message saying that you can enter these multiple trades.
Now you're on both sides of the market and you're having a piece of mind that if it goes up you will get profit, if it goes down, that I know I'm going to limit my loss because I have both sides of the market covered in the bracket order.
>> Already, good primer there on the bracket orders. Let's get another question now from the audience.
The viewer wants to know how they can compare preferred shares? How do we do that on the WebBroker platform?
They're not just the shares that we prefer to buy, they are an asset class.
>> They are an asset class and there's a lot to them so you might want to research little bit more on preferred but bottom line, the idea of preferred shares is that you are preferred in terms of receiving the dividend. Here at a higher what would you call it priority when you own though shares. There still a lot of debate.
People ask if it's fixed income or equity.
You have an equity ownership but they don't react quite as much to the market as the common shares but you are going to receive normally a different dividend rate in many cases and you're also going to have priority when the company can pay dividends, as soon as they can, you always get the priority dividend payment as a preferred shareholder.
A lot of people are looking at those right now because they can be pretty lucrative in terms of the rate of return or yield.
Let's jump into web broker and I will show you there is a way you can screen for these types of shares. Let me close at this order. You're gonna go once again. We are going to research and you're looking at screeners. So this is a screeners tool.
You can screen all kinds of stuff, stocks, technical events, mutual funds, ETFs.
I may go to stocks, there is a discovery area.
If you want to create your own, you can just go to the screening tab and then you will notice here that it has a number of prebuilt criteria in here already and then you can click on more criteria. You can see it has price-performance, price-performance 52-week high, price performance year-to-date.
You have a number of things you can select, top performers, the exchange. But what I find it's really easy to do is click on this bulk edit right here and now, we are doing something like what we are doing with preferred shares, right at the bottom you can see, okay, this is searching for a number of different criteria for common shares. Luckily, they thought of this and they know that there are trust units as well as preferred shares. If you select this comment going to go down from 8500 to 852 preferred share selections. That's a good start you can go to. And you want to basically narrow down these other criteria. What I did was like that cooking show example.
I put it in the oven and bake it.
>> The perfect dish has already been made.
>> The dish is already made.
I got a preferred share comparison. You can see a few criteria that I put in as we scroll down here and see the more criteria. You can see some of the ones that I checked off: dividend yield, stock price, share type, etc.
Now, that some of the criteria that I have on my screen. If I go back here, you can see as we scroll down, these are the actual results that it's giving me.
I think if I go to the very bottom, gives me a total, from what I remember.
Maybe it doesn't at this time. It summer here. There, 87 matches. It's moved around a little bit. It used to be at the bottom and now it's at the top. 87 matches. We are narrowing it down. It was 8500 common shares, down to 852 preferred shares, there are 87 at the moment but that's US and Canada as well. Now I'm going to look at Canadian preferred shares only, now it's 14 different matches you can look at and compare. Just click on these links to see why. There is Manulife Corporation showing you why it fits my criteria. There is a dividend yield about 7.2%. There is a price performance.
So you can put in any other criteria you might be looking for. Normally, you're going to want to see what kind of yield is there, what kind of comparison I do, you also want to add these. If I wanted overview in each one of these and go back and forth on my screen, I and a number of these to my watchlist and that I get a side-by-side comparison of the performance details.
>> All right, Bryan, when you are talking about screening through preferred shares, we had a viewer right in this question.
Is there a way to compare several stocks or ETFs fundamentals of their choice without using screeners? Can you compare fundamentals on different stocks and ETFs without using the spiritual?
>> Yeah.
We can take a look at that. There are a number of ways you can do it.
Let's actually jump right into WebBroker and I will share that. If we are going into any research, you have research here to go to stocks, when we talk about fundamentals, so if you want to do a side-by-side comparison, you may want to use the screeners tool, we showed you how to do that already, see you have a number of different criteria of the screeners, but if you want to do a quick scan, there are a couple of different ways.
One would be grabbed the stock itself.
Let's say we pull up the Amazon and I want to look at the fundamentals. The fundamentals are right there on the fourth tab in and I see fundamental information for Amazon. I see where it fits within the industry as well. So there's Amazon, you can see there is a retail catalogue and Internet orders, that would be its area that it fits in in terms of the industry and you can see where it fits in terms of industry range, whether it's high or low in all these different criteria, all of this fundamental information. And then you can add these to a watchlist.
Click add to watchlist, I will throw this one on my new ideas. These are just random.
And if I go back to the watchlist over here, and he stocks that you added, I know this is just a quick rundown because there is much more you can do, if I go to fundamentals, now there is some criteria that are already there, price-earnings ratio and this was kind of getting cut off. I can't see without one is, actually.
But then yeah, we got a number of different things like previous dividend amount, dividend yield, ex dividend date.
>> Just from the data… I think it's estimated earnings.
>> Yes. These are the different amounts for each company.
You can also do a list for you if you want to look at it slightly differently.
There's not as much detail. You want to go to the single view list and you can add up to 10 stocks on here and look at a fundamental comparison.
Lastly, one of the ones I like is if you're somebody that's into looking at a particular index, it could be a financial index or it could be consumer, retail, things like that or even just the S&P 500, for example, we go into this area which I know I did that kind of quick but I want to research and then indices. If we go into this area WebBroker, indices, that's plural for index, so if I want to see the S&P 500, if I like a lot of the stocks that are showing on the S&P 500, I click on this link here and I go members and now I see all of the members in that particular index. And you can see there is overview and performance. I see a number of different criteria available, with their percentage change been, with their growth, with their dividend yield.
Then, I quickly felt her. I want to look at my market. There's a lot of information from a fundamental perspective but if you see a stock they are interested in, you can add them to the watchlist and see a fundamental comparison and then dive right into each individual stock.
>> Lots of ways to get that information WebBroker.
Thanks for that, Bryan.
We still got more show. We are going to get back your questions for Bryan Rogers on the WebBroker platform and just moments time.
As always, make sure you do your own research before making any investment decisions.
And a reminder that you can get in touch with us 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.
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.
[music] Let's do a check in on the market. We are going to have a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing.
This is the heat map function. We are viewing the market movers on the TSX 60 by price and volume. We do have the price American benchmark crude, WBT I, up to more than $73 per barrel is there are concerns on taxes on tankers in the Red Sea when it comes to shipping. You are seeing a bidding crude oil at some of the biggest energy names in the country. If you look at the energy cube, you have Cenovus up and Suncor, Imperial oil doing even a bit better. Such as oil and gas and energy names. You also have Cameco, it's been a good year for the uranium plays.
They are up-to-date. Outside of that, Dollarama actually caught my eye of the consumer stocks. Some a little more than 3% today. I went into a Dollarama over the weekend. I doubt that's why the stock is up but actually got a little frustrated with the greeting card inflation.
I walked out of the Dollarama and said I am not paying that much for greeting card.
Let's take a look at the S&P 100 south of the border and see how the stocks are faring.
Energy names down there with WTI on the rise getting a bit, Exxon of almost 2%, Chevron. Taking a look at some of the technology names, we have some green on the screen, except for Apple. There are reports on China that China is actually accelerating a ban across the government when it comes to using Apple devices.
You can get more information on TD Advanced Dashboard by visiting TD.com/Advanced Dashboard.
All right, we are back with Bryan Rogers from TD Direct Investing, taking your questions about the WebBroker platform.
Let's get to them. Where would I go to learn more about charting or technical analysis?
>> Yes, we can definitely jump into that.
>> I will admit that I scratched off the price on the Christmas card on the back.
While I was thrilled to get those Christmas cards from Dollarama I don't know how thrilled my wife is going to be.
Did you get this for me from Dollarama?
We'll see how this plays out next Monday.
>> Were saving money.
This is something we really love, the technical analysis feature on WebBroker because you may not be interested, and if you're not, then avoid this altogether, but for somebody that's into investing and thought hey is there more information I could get on understanding what is it saying in these charts, what are these trends telling me how I find more information about what trends could be coming and things like that. If you've never seen it before, if we jump over, will show WebBroker again, there are a number of different ways you can find it.
If I pull up a symbol, I got Amazon appear, you will notice on the right-hand side, maybe you've seen this but never clicked it, there's technicals.
That just means technical analysis. So this is showing you, it's got a lot of education in here as well in a sense, you can see on here that is giving you a summary of 14 technical events. What they mean by that is these are events that are saying, hey, these are stocks according to our software that we expect to have a short-term drop or gain or rise or it could be even a bit longer term. You can see shorter-term, intermediate term.
It shows you the different ones that are there. Two weeks to six weeks, six weeks to nine months and so on. You can click on each of these in the chart is going to change, to ensure you these green dots, meaning that it's more of an indicated that this going to movement upward. And you can select each one of these and it tells you the date that it was released.
This is a little bit older. You want to be careful of that, because I clicked on the more shorter-term, this could be a bit older but I select this and now I can get more information and is giving me information or a little synopsis of what is this telling me.
Why would I follow this particular thing?
How are they coming to this conclusion? So you read through, we will do that right now, but you want to learn even more, you can click on learn more and there's an actual technical analysis education section right here, so you're going to have to do a little bit of reading.
There are some videos in the learn Centre.
You can watch experts go over some of the similar criteria or technical analysis.
Then you can see there are a number of different strategies.
One a lot of us have looked at his Bollinger Bands. It's a familiar one. It tells you how to use this. But remember, it's not perfect. It's not always… It's something you can play with or put stocks into a watchlist or if you have a paper trading type of account or something like that and then you can see if the strategies are good or something you want to use yourself.
All that information is available for you WebBroker.
>> Yeah, there's a lot going on in technical analysis and on the platform.
Bryan, the show has just flown by. Great to have you on for an entire program. We will see later on in the week for your usual segments.
>> Yeah, I believe I have one later on this week.
>> See you then but thanks for joining us for the entire show. It's always a pleasure.
>> Sounds great. Happy holidays.
>> You to you, my friend. Bryan Rogers, Senior client education sector with TD Direct Investing.
If we didn't have time to answer your question today, we will try to get to them and our regular education segments that we have coming up.
As always, make sure you do your own research before making any investment decisions.
stay tuned. On tomorrow show, Michael Craig, managing Dir. and head of asset allocation and derivatives at TD Asset Management will be our guest.
He wants to take your questions about asset allocation. We have some interesting ones rounding out 2023 heading into the new year.
You can get a head start. Email your questions into the moneytalklive@td.com.
That's all the time we have for the show today. Thanks for watching and you will see you tomorrow.
[music] [music]
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 will be entering your questions about the WebBroker platform it's all. Bryan Rogers, Senior client education instructor with TD Direct Investing joins us for the entire program.
MoneyTalk's Anthony Okolie is going to give us a preview what to expect from tomorrow's Canadian inflation report.
So here's how you can get in touch with us is your questions and comments.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Before we get to all that and our guest of the day, let's get you an update on the markets.
We've got some green on the screen. It you nine points to the upside for the TSX Composite Index, that's again of a little shy of half a percent. We are seeing a move back into American benchmark crude, it's just about 73 bucks a barrel. Some concerns about a taxi will be seeing on in the Red Sea on tanker traffic and what it could mean for crude shipments.
It's boosting the price of crude a little bit and inflicting some of the energy names. Let's take a look at Baytex energy.
It's getting a bit of a bid. For 46 per share, it's up more than 1/3 of a percent.
It's modest in the green. Denison Mines uranium play continues to make gains.
It's up 1.7% today and it's up about 50% this year.
South of the border, let's check in on the S&P 500. We had the Fed last week simulating the conditions for a Santa Claus rally but then the as is custom for the Fed, we had some speakers come out and say the market is misinterpreting what was communicated. A bit of push and pull.
You're up 21 points on the S&P 500, a little shy of half a percent. The tech heavy NASDAQ, let's see what's happening in that space. A little bit weaker but still green on the screen, 58 points were 1/3 of a percent.
And U.S. Steel, want to check in on this name. We will tell you more later in the show. With a 27% pop, it's being bought by a steel company out of Japan. And that is your market update.
We've all got one on the holidays but we've got a lot to get through this week including the latest read on Canadian consumer prices. Joining us never preview, MoneyTalk's Anthony Okolie. This is a serious one. Some people might have their brains-vacation but this has been the fight all year, against inflation.
>> That's right, this is the one that the Bank of Canada will be watching closely.
The inflation backdrop has improved substantially from late September and even with both headline as well as the Bank of Canada's core measures, core inflation excluding food and energy, they've been tracking lower, headline year-over-year.
That rapid shift in momentum over the last four months will be important for the next two inflation reports ahead of January's Bank of Canada's his decision. TD Securities is looking for the November CPI to come in and show further progress to the 2% target. They look for headline CPI to edge lower .1 percentage points to 3% year-over-year in November. Month over month, they see unchanged there. They think that energy prices will exert a moderate drag on the headline number with TD Securities forecasting and other 3% month over month drop in gasoline prices.
They expect food prices to rebound after three consecutive month over month declines from August to October. In addition to the inflation report, we also hear from Bank of Canada Gov. Tiff Macklem at the end of the week.
>> I think he gave that speech on Friday.
>> I'm sorry. On Friday. My apologies.
You are correct on that. He did deliver that.
>> The pushback like the Fed does.
It's too early to start talking about rate cuts.
>> I think as I mentioned, the inflation report, not just this one but in January as well will be key to them. They want to see inflation cooling before they can make any decisions and say that inflation is one.
>> Inflation is the bigger part of the week. Their big expectations out of TD that we will continue to see headline come down. Just when we think the big news of the week is behind us, Thursday we got a very lead big one and Friday we've got a pretty big one as well. We have got a pretty full week.
>> We have the retail sales outlook.
That's coming up this week.
TD Securities is looking for retail sales to rise .7% in October, building on the job that we saw in September. They see some strength from the motor vehicle sector as well. That's going to drive retail sales in October. They also see more weaker consumer spending in auto sales. It is only expected to increase my super percent month over month, pretty much unchanged on a year-over-year basis.
We also get the GDP numbers as well. They are looking for the GDP level to rise .2% month over month, the strongest month since May, amid a rebound in both conventional, oil and gas, as well as construction. A heavy week of data for investors to pour over before winding down to the holidays.
>> We will stay on top of it for them here so they can do other things like it ready for the holidays.
Thanks for that.
>> My pleasure.
>> We are going to get to your questions on the WebBroker platform for Bryan Rogers in just a moment's time. You can get in touch with us at any time.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Right now, let's get you updated on the top stories in the world of business and take a look at how the markets are trading.
There is a multibillion dollar deal today in the global steel industry. Japan's Nippon Steel says it's buying U.S. Steel in a deal valued at $14.9 billion. The Japanese steelmakers looking to significantly expand its production capacity in the United States.
This deal comes after U.S. Steel itself launched a formal review process back in the summer. You can see U.S. Steel is up 27% on the news.
There are some new developments today it closer to home and the succession drama at Gildan Activewear. The T-shirt and socks maker says the plan to replace its cofounder Glenn Chamandy was a deliberate, multiyear process. The statement comes after several large investors in Gildan called for Chamandy to be reinstated to the top job, seeing the succession plan was mishandled.
Let's talk about Adobe and Sigma. They have put an end to their plan $20 billion merger, citing regulatory problems.
Adobe will have to pay Figma a $1 billion breakup fee. Adobe's up about 2% on the news.
You will recall that when the deal was announced, the shares pulled back.
Quick check in on the markets. It will take a look at Bay Street and see how the TSX is doing, from her price for crude and some energy names are in positive territory. Good enough for 97 point gain right now, about half percent.
South of the border, let's check in on the S&P 500, the broader read of the American market. It right now 20 points in the green, up half a percent.
All right, we are joined now by Bryan Rogers, Senior client education instructor with TD Direct Investing.
Always great to have you on the program.
Usually on a daily basis with you and your colleagues, today we get you for the entire program.
>> Yes, I can answer all questions today.
>> Here in the hot seat starting now. Look at our first question.
You got a problem with this step. You know the platform inside and out. Let's start with this one.
A viewer actually wants to know what you features are coming to WebBroker?
>> Yeah, and I was excited to see this one.
Maybe we have quite a bit of excitement about what's going on in my work all the time but it's nice to see one of our viewers wanting to see this as well.
There actually are a few new things that we have that have come out and I'll show you where you can find that stuff and then we will take you through a couple of things even outside of WebBroker that many people may be interested as well.
If we jump into the platform really quickly, I want to show you, there is a key area. If you want to look into it yourself and find out what's new, you will look at the top right where your name would be, my name is there, yours would be similar, you go to this section that says messages.
If there's any messages, there are often important messages like if you have a margin account, a margin call, hopefully you don't have anything like that but if you are trading option, there were a few messages about certain dates.
A number of things will be there. This will be in the general section. One of the things that is brand-new on web broker, but was in the last few weeks, there is a messaging centre.
I will go back to this in a second. I'll tell you about why you might care about it as well.
Really it's like an internal email system.
I will tell you why that might be valuable. One thing that is coming out that was launched not too long ago was TD Direct Investing has launched its YouTube page.
I will be able to open up from here because I don't want to venture away from web broker but you can see here, check out TD Direct Investing on YouTube. You can subscribe to that and get notifications on whatever webinars are coming.
We often have live webinars with amazing guests from the industry, so it's a MoneyTalk but these might be 30 minutes on a particular topic.
You can often check in life in many cases and ask questions. There are also hundreds of other videos. This video on another thing that has just launched in WebBroker.
If you subscribe to the YouTube page, I don't have anything in this test account that I can show you, but there's RESP, registered education savings plans, you can watch a video we just launched the other day on now you can access your funds, you can withdraw funds from the RESP online. That something that wasn't available before. So your registered education savings plan, you need money for tuition, I know that's coming up for winter term right now or in the fall, we have children that are going to be attending postsecondary, you can now do that online where is he used to have to go into the branch and get certain documents for the school, and now you can launch and upload all of that on my broker just from the comfort of your own home.
You don't have to make that appointment but it makes it a lot more convenient for those RESPs.
We can go back into what broker really quick for one more thing. Just to show everybody what the secure message thing is.
Right here, so now, you're at the inbox, you might think that that's not new.
There is always an email inbox. The reason it's pretty special and what broker is if you were to go to the branch, sometimes you may have go to a branch for certain things because it secure, you know your information is secure. If you call a contact centre and the ever have to email you or you have to email them or you have an inquiry about your account, they have to send secure email messages but it's a bit tricky. You have to download a secure messaging system and so on. Now, you can do it really conveniently in WebBroker.
When you log into your account, you have the same security of being logged into your account.
It's going to be completely secure within the website.
>> All right, that's good to know as well.
You mentioned RESPs when you are talking about web broker. That's very pressing for a viewer. They say they have been interviewed into an RESP for their children's education for years but now it's time for withdrawal.
They said that it doesn't have to be done in a branch but can be done on my broker.
How do we do that?
>> On my test account I only have a margin and a cash account.
If you have an RESP, there should be when you go in to do the withdrawal, there should be information on there. But going back to that same section, going into the messages and checking out right just mentioned that YouTube page. If you open this up, I won't open it now because it may take me away from web broker which we are sharing, but one of the first videos that we published I think it was on Friday, brand-new on Friday, it takes you through all the screenshots and everything you need to know in terms of you can upload documents and it'll say how much you want to withdraw, it tells you what types of withdrawals are on there, it will all be explained and shown how that is done in WebBroker.
>> Good stuff. To the viewer who said that questioning, I know what you're going through. I got two kids in university right now and it is not cheap. Let's get another question now from the audience. It not at all.
Can I contribute my RRSP or TFSA online and what about in kind?
Perhaps that's afraid people have not heard before, in kind.
>> Yeah, that's a really good question.
Those that have never heard of this before, we mean there is if you want to contribute to a TFSA or your registered retirement savings plan, this is coming very timely right now because it's in that season where we have up until the end of February to contribute to an RRSP before you do this year's taxes. If you are wanting to do that, I think we are all familiar with the fact that we can transfer cash into those but some of us may not have known you can actually do this in kind, meaning you can take shares, for example, you could go into your TFSA, take some shares out and move them into your RRSP or take some shares in your taxable account that you may be in a situation where you saying I've got a little bit of a loss or made a small gain.
I'm going to move this into my RRSP and I'm going to get that contribution to lower my taxable income for the year. So all the benefits that are there, we always say check with the tax advisor to make sure what you are doing but there is a way you can do that in the platform.
So let's jump in and we will show everyone where that is.
Some of you may have seen the actual transfer section before but not realize that you could do this for your shares as well.
So all of that stuff is usually housed on your accounts.
You can see transfers and withdrawals.
Right here, this is the same section where if you have a TD Direct Investing account, a TD Canada trust account, you can easily move money. There is a section where you move money from outside of TD. This is where you select your accounts if you're gonna move money and do a contribution.
Your money is going to be available. If you don't see your RRSP or TFSA, they should be connected in here already, just call it. You're going to go to securities transfers right here. In that section, you select the from account. I don't have anything in this particular test account but if you want more information, I will show you what it looks like because I go into this? And this is something that is all through web broker regardless, whenever you are unsure more endowed of what to do, see if you have one of these question marks. If it's in the actual portal of your trader transfer, it will take you right away to the area that's related to this topic.
Say we have online eligible securities transfers. What we mean here is the value five a stock that's valued at $1000 and I move that, today, it's valued at that amount, and I move it into my TFSA or my RESP, I will tell you the exact amount is going through a and it will give you the details of what it will go through at.
And then you can see if we jump back in for one second we can see how the security transfer is going to look like this. As I scroll down, you're gonna notice that it will give you all of your eligible securities that you could move from your holdings and you're gonna select the quantity, here have 15 shares or 500 shares, these are just hypothetical stocks I'm showing in web broker, but in your account it will look just like that. It will tell you the value you're contributing so you know the exact amount that's going in and then normally right away it's gonna go in there, it's after hours and might tell you it will go in the next day and any other contribution, you don't have to sell the securities because you have the benefit is still having to get charged a commission, take the cash out, move the cash in, you can just do it all at once in kind.
>> If someone is worried about the tax implications of this they should speak to a tax advisor and I've done this before and another something called a deemed disposition if you're moving it from a normal account into a TFSA or RRSP, deemed disposition.
>> I'm glad you brought that up. That's a really good point. That's something you want to be aware of. We are not tax experts.
We do mentioned to talk to a tax advisor.
It sounds like you experiences before and I have two. It can be beneficial. Let's say you have some shares in a taxable account.
What we all know or what most of us should know is that if we are going to sell that, it's capital gains that we charge to us if we have stocks.
We will be charged capital gain so it's only 50% of whatever the gain is.
For example the capital gave $1000, I'm only getting a tax on $500 of that, 50% of that game. But at the same time to you, we all know we can carry losses forward as well. So when I move though shares in kind, if I have a stock that I don't have a capital gain on yet, maybe a loss, maybe a $100 loss for example, I will be able to carry that loss forward. If I put in my RRSP or my TFSA, I'm going to get the benefit that is going to be tax-deferred in my RRSP and get the benefit of the contribution or by putting it in my TFSA I'll be getting the benefit that it will grow tax-free going forward but there is no tax implication because I didn't have a gain on that position.
Either way, you want to be aware of that.
If you did have a big game, you'd want to know that you have to file that capital gain in your taxes for this year to know that even if you didn't sell the stock but you moved it into one of those accounts, it's just like selling a stock.
>> Okay.
As always, make sure you do your own research before making any investment decisions.
as Bryan and I have said, if you have worries about the tax indications of a strategy like that, talk to a tax advisor.
We will be back to your questions for Bryan Rogers on the WebBroker platform and just moments time.
And a reminder that you can get in touch with us 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.
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.
We are back with Bryan Rogers, we are taking your questions about how to get more out of the WebBroker platform, so it's got to them. We have of you are asking, in Canada, how can I buy and hold foreign currency other than the US dollar.
The example the gives the Swiss franc.
>> That's a common question we do get, Greg, and the answer on this is directly, no, we can't do currencies within TD Direct Investing because we know that we can buy and sell in Canada, I buy Canadian stocks and I by US dollar stocks, I buy them in my different accounts as well, I buy in Canada for my Canadian account, I by US dollar stocks and it will just convert and do the conversion for us. We are trying to directly buy something like this would Swiss francs or the British pound or the euro or whatever it may be, you can do it somewhat indirectly with exchange traded funds.
It takes a little bit of researching. I had to research is a bit myself where there's a lot of websites out there if you want to Google, there's an ETF database. I think it's ETF DB.com or you can search on Google. Just to show you an example if you are looking for one in my broker, do a little bit of research, find them so you can invest indirectly in that exchange, so the ETF is investing in those currencies so it's going up and down compared to the US dollar, it's always linked to the US dollar and you will but if it that way. We will jump into a broker just to show you a few examples. It got us an example if you type in here affects EE which is the yen, this is going to be related to, you have to do a little bit of research, it will move up and down similar compared to what the US dollar is relative to that currency. You can look up the euro.
They're pretty witty, they make sure you can remember this easily. The euro is FX and E.
You can always render that that's a euro.
Then we have another one unless the Australian dollar and the Swiss franc is in their somewhere as well. I can't remember if that's FXF, I believe. Yet, there we go. FXF is Swiss francs. You can buy those just like you could by any other ETF and web broker but it's going to be directly linked.
>> I've heard about an order strategy] order. What is it and how does it work?
>> This is one of my favourites.
We would get clients calling and saying they have a stock they bought a while ago, this is going to be for those who are buying and selling stocks, even if it's more long-term and you have an idea of, how do I get out of this particular stock itself if it goes up? The goes up, I want to get out of it and get a better price.
But I also want to protect myself on the downside.
Maybe have to go away on vacation or not to be able to pay attention because I'm busy at work. What happens if it starts going down and I'm not able to pay attention?
By doing a stop order. People would call and ask why they couldn't do both orders at the same time.
I want to ask you, Greg, what do you think would happen if I had 100 shares of XYZ stock and I tried to sell it at a bit higher price and then I tried to put his stop order in at the same time on the same stock. What do you think would happen in most platforms?
>> I would save you did them separately they're not really talking to each other.
You want to set up a trade where one perhaps would cancel the other, something like that.
>> Yeah.
A lot of times it would happen to you is it we give you an error message. It will say you already have one order in again set number of shares and you can't put a second one in, you can have the best of both worlds. But you actually can and web broker.
They have a workaround for you. It's one cancels another.
Say you ran into a situation where he sold his hundred shares, all of a sudden, the stock dropped a few weeks later, you sell shares again that you didn't even own. I want to explain how that works or how you can do it.
You might have to have some familiarity with the order types but let's go to, I will grab a random stock here. I'm going to grab Suncor.
You can do this simultaneously.
Let's take a look at those scenarios.
If I want to sell and put in an order at the same time, let me do this right now as an order. I selected a limit order. It's not going to allow me to enter in that stop order as well.
What I'm hoping to achieve here with the bracket order, you'll are achieving both sides of the market and that's why they're called bracket orders, I want to sell the shares at a limit price, say Suncor is at 42 now and I want to sell them for $50 and put in a long term limit order but it won't let me put in the stop order to say what if it starts going down. So if you noticed here, maybe you never noticed this but right here and the strategies, and now we have all these weird names like there's one triggers another, one cancels other, then there is first triggers one cancels other one, OCO, sounds pretty crazy with these acronyms, we love acronyms in the financial world, but it gives you a good explanation of what it is. Say we own Suncor already, then you go into one cancels other and then you have to enter your symbol in again so they know which symbol you want to apply this to you. Then I would click on sell and if I own 100 shares, for example, I would type in 100.
Handout this is where I put in my limit if I want to say for the next 90 days or so, usually with Canadian stocks, you can enter what's called a good till cancelled order and it will last for 90 days.
This is good till cancelled right here. Or I specify a certain date. Usually what you want to do is longer-term but you can do shorter term as well. So now I'm saying I want to sell my stock if he gets up to $50 because I'm not going to be able to follow it and login every day.
I want to sell it at $50 or better.
I go down and notices the second-order rate here. So I click on the section, enter or change.
And now I'm gonna scroll down and put in the same symbol because you can actually use different symbols for other unique strategies, but this is probably the most common one. Now, I'm gonna sell and I want to put in 100 shares, same amount, and I'm going to do a stop order or stop limit.
There are a number of videos on our YouTube page and elsewhere throughout web broker that will explain all of these orders.
In a nutshell, stock market is what I use the most. I would say well, if Suncor drops and I'm not paying attention to my account, if it drops down to maybe let's say 35 or something like that or 38, whatever you like is your stop, you don't want to do it too close. Let's say $35.
Now immunity the same thing, leave it open good till cancelled. It you want to make sure these times match.
I will go to preview and send them through. They will cancel each other. If one goes through, the other one is automatically going to cancel. They are not going to risk selling more shares and you know when you get an error message saying that you can enter these multiple trades.
Now you're on both sides of the market and you're having a piece of mind that if it goes up you will get profit, if it goes down, that I know I'm going to limit my loss because I have both sides of the market covered in the bracket order.
>> Already, good primer there on the bracket orders. Let's get another question now from the audience.
The viewer wants to know how they can compare preferred shares? How do we do that on the WebBroker platform?
They're not just the shares that we prefer to buy, they are an asset class.
>> They are an asset class and there's a lot to them so you might want to research little bit more on preferred but bottom line, the idea of preferred shares is that you are preferred in terms of receiving the dividend. Here at a higher what would you call it priority when you own though shares. There still a lot of debate.
People ask if it's fixed income or equity.
You have an equity ownership but they don't react quite as much to the market as the common shares but you are going to receive normally a different dividend rate in many cases and you're also going to have priority when the company can pay dividends, as soon as they can, you always get the priority dividend payment as a preferred shareholder.
A lot of people are looking at those right now because they can be pretty lucrative in terms of the rate of return or yield.
Let's jump into web broker and I will show you there is a way you can screen for these types of shares. Let me close at this order. You're gonna go once again. We are going to research and you're looking at screeners. So this is a screeners tool.
You can screen all kinds of stuff, stocks, technical events, mutual funds, ETFs.
I may go to stocks, there is a discovery area.
If you want to create your own, you can just go to the screening tab and then you will notice here that it has a number of prebuilt criteria in here already and then you can click on more criteria. You can see it has price-performance, price-performance 52-week high, price performance year-to-date.
You have a number of things you can select, top performers, the exchange. But what I find it's really easy to do is click on this bulk edit right here and now, we are doing something like what we are doing with preferred shares, right at the bottom you can see, okay, this is searching for a number of different criteria for common shares. Luckily, they thought of this and they know that there are trust units as well as preferred shares. If you select this comment going to go down from 8500 to 852 preferred share selections. That's a good start you can go to. And you want to basically narrow down these other criteria. What I did was like that cooking show example.
I put it in the oven and bake it.
>> The perfect dish has already been made.
>> The dish is already made.
I got a preferred share comparison. You can see a few criteria that I put in as we scroll down here and see the more criteria. You can see some of the ones that I checked off: dividend yield, stock price, share type, etc.
Now, that some of the criteria that I have on my screen. If I go back here, you can see as we scroll down, these are the actual results that it's giving me.
I think if I go to the very bottom, gives me a total, from what I remember.
Maybe it doesn't at this time. It summer here. There, 87 matches. It's moved around a little bit. It used to be at the bottom and now it's at the top. 87 matches. We are narrowing it down. It was 8500 common shares, down to 852 preferred shares, there are 87 at the moment but that's US and Canada as well. Now I'm going to look at Canadian preferred shares only, now it's 14 different matches you can look at and compare. Just click on these links to see why. There is Manulife Corporation showing you why it fits my criteria. There is a dividend yield about 7.2%. There is a price performance.
So you can put in any other criteria you might be looking for. Normally, you're going to want to see what kind of yield is there, what kind of comparison I do, you also want to add these. If I wanted overview in each one of these and go back and forth on my screen, I and a number of these to my watchlist and that I get a side-by-side comparison of the performance details.
>> All right, Bryan, when you are talking about screening through preferred shares, we had a viewer right in this question.
Is there a way to compare several stocks or ETFs fundamentals of their choice without using screeners? Can you compare fundamentals on different stocks and ETFs without using the spiritual?
>> Yeah.
We can take a look at that. There are a number of ways you can do it.
Let's actually jump right into WebBroker and I will share that. If we are going into any research, you have research here to go to stocks, when we talk about fundamentals, so if you want to do a side-by-side comparison, you may want to use the screeners tool, we showed you how to do that already, see you have a number of different criteria of the screeners, but if you want to do a quick scan, there are a couple of different ways.
One would be grabbed the stock itself.
Let's say we pull up the Amazon and I want to look at the fundamentals. The fundamentals are right there on the fourth tab in and I see fundamental information for Amazon. I see where it fits within the industry as well. So there's Amazon, you can see there is a retail catalogue and Internet orders, that would be its area that it fits in in terms of the industry and you can see where it fits in terms of industry range, whether it's high or low in all these different criteria, all of this fundamental information. And then you can add these to a watchlist.
Click add to watchlist, I will throw this one on my new ideas. These are just random.
And if I go back to the watchlist over here, and he stocks that you added, I know this is just a quick rundown because there is much more you can do, if I go to fundamentals, now there is some criteria that are already there, price-earnings ratio and this was kind of getting cut off. I can't see without one is, actually.
But then yeah, we got a number of different things like previous dividend amount, dividend yield, ex dividend date.
>> Just from the data… I think it's estimated earnings.
>> Yes. These are the different amounts for each company.
You can also do a list for you if you want to look at it slightly differently.
There's not as much detail. You want to go to the single view list and you can add up to 10 stocks on here and look at a fundamental comparison.
Lastly, one of the ones I like is if you're somebody that's into looking at a particular index, it could be a financial index or it could be consumer, retail, things like that or even just the S&P 500, for example, we go into this area which I know I did that kind of quick but I want to research and then indices. If we go into this area WebBroker, indices, that's plural for index, so if I want to see the S&P 500, if I like a lot of the stocks that are showing on the S&P 500, I click on this link here and I go members and now I see all of the members in that particular index. And you can see there is overview and performance. I see a number of different criteria available, with their percentage change been, with their growth, with their dividend yield.
Then, I quickly felt her. I want to look at my market. There's a lot of information from a fundamental perspective but if you see a stock they are interested in, you can add them to the watchlist and see a fundamental comparison and then dive right into each individual stock.
>> Lots of ways to get that information WebBroker.
Thanks for that, Bryan.
We still got more show. We are going to get back your questions for Bryan Rogers on the WebBroker platform and just moments time.
As always, make sure you do your own research before making any investment decisions.
And a reminder that you can get in touch with us 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.
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.
[music] Let's do a check in on the market. We are going to have a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing.
This is the heat map function. We are viewing the market movers on the TSX 60 by price and volume. We do have the price American benchmark crude, WBT I, up to more than $73 per barrel is there are concerns on taxes on tankers in the Red Sea when it comes to shipping. You are seeing a bidding crude oil at some of the biggest energy names in the country. If you look at the energy cube, you have Cenovus up and Suncor, Imperial oil doing even a bit better. Such as oil and gas and energy names. You also have Cameco, it's been a good year for the uranium plays.
They are up-to-date. Outside of that, Dollarama actually caught my eye of the consumer stocks. Some a little more than 3% today. I went into a Dollarama over the weekend. I doubt that's why the stock is up but actually got a little frustrated with the greeting card inflation.
I walked out of the Dollarama and said I am not paying that much for greeting card.
Let's take a look at the S&P 100 south of the border and see how the stocks are faring.
Energy names down there with WTI on the rise getting a bit, Exxon of almost 2%, Chevron. Taking a look at some of the technology names, we have some green on the screen, except for Apple. There are reports on China that China is actually accelerating a ban across the government when it comes to using Apple devices.
You can get more information on TD Advanced Dashboard by visiting TD.com/Advanced Dashboard.
All right, we are back with Bryan Rogers from TD Direct Investing, taking your questions about the WebBroker platform.
Let's get to them. Where would I go to learn more about charting or technical analysis?
>> Yes, we can definitely jump into that.
>> I will admit that I scratched off the price on the Christmas card on the back.
While I was thrilled to get those Christmas cards from Dollarama I don't know how thrilled my wife is going to be.
Did you get this for me from Dollarama?
We'll see how this plays out next Monday.
>> Were saving money.
This is something we really love, the technical analysis feature on WebBroker because you may not be interested, and if you're not, then avoid this altogether, but for somebody that's into investing and thought hey is there more information I could get on understanding what is it saying in these charts, what are these trends telling me how I find more information about what trends could be coming and things like that. If you've never seen it before, if we jump over, will show WebBroker again, there are a number of different ways you can find it.
If I pull up a symbol, I got Amazon appear, you will notice on the right-hand side, maybe you've seen this but never clicked it, there's technicals.
That just means technical analysis. So this is showing you, it's got a lot of education in here as well in a sense, you can see on here that is giving you a summary of 14 technical events. What they mean by that is these are events that are saying, hey, these are stocks according to our software that we expect to have a short-term drop or gain or rise or it could be even a bit longer term. You can see shorter-term, intermediate term.
It shows you the different ones that are there. Two weeks to six weeks, six weeks to nine months and so on. You can click on each of these in the chart is going to change, to ensure you these green dots, meaning that it's more of an indicated that this going to movement upward. And you can select each one of these and it tells you the date that it was released.
This is a little bit older. You want to be careful of that, because I clicked on the more shorter-term, this could be a bit older but I select this and now I can get more information and is giving me information or a little synopsis of what is this telling me.
Why would I follow this particular thing?
How are they coming to this conclusion? So you read through, we will do that right now, but you want to learn even more, you can click on learn more and there's an actual technical analysis education section right here, so you're going to have to do a little bit of reading.
There are some videos in the learn Centre.
You can watch experts go over some of the similar criteria or technical analysis.
Then you can see there are a number of different strategies.
One a lot of us have looked at his Bollinger Bands. It's a familiar one. It tells you how to use this. But remember, it's not perfect. It's not always… It's something you can play with or put stocks into a watchlist or if you have a paper trading type of account or something like that and then you can see if the strategies are good or something you want to use yourself.
All that information is available for you WebBroker.
>> Yeah, there's a lot going on in technical analysis and on the platform.
Bryan, the show has just flown by. Great to have you on for an entire program. We will see later on in the week for your usual segments.
>> Yeah, I believe I have one later on this week.
>> See you then but thanks for joining us for the entire show. It's always a pleasure.
>> Sounds great. Happy holidays.
>> You to you, my friend. Bryan Rogers, Senior client education sector with TD Direct Investing.
If we didn't have time to answer your question today, we will try to get to them and our regular education segments that we have coming up.
As always, make sure you do your own research before making any investment decisions.
stay tuned. On tomorrow show, Michael Craig, managing Dir. and head of asset allocation and derivatives at TD Asset Management will be our guest.
He wants to take your questions about asset allocation. We have some interesting ones rounding out 2023 heading into the new year.
You can get a head start. Email your questions into the moneytalklive@td.com.
That's all the time we have for the show today. Thanks for watching and you will see you tomorrow.
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