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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 taking your questions about how to get more out of the WebBroker platform. Caitlin Cormier from TD Direct Investing joins us. MoneyTalk's Anthony Okolie is going to bring us the latest results of the TD Direct Investing Index and what it is telling us about sentiment among Canadian investors.
So 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.
Before we get our guest of the day, let's get you an update on the markets.
We had a nice rally yesterday off the back of the cooler than expected US inflation report. It continues today.
The TSX putting on 68 points, a bit more modest than yesterday, up about 1/3 of a percent. Among most actively traded names on the TSX includes Shopify. We have tech stocks rallying on both sides of the border.
Here at home at Shopify representing that group, up another 3% today at $92 and change.
Berchcliff Energy coming out with its earnings, free cash flow not coming in as strong as the street was expecting.
At seven bucks and nine cents, got them down a little more than 5%. South of the border, there was a big rally off the cooler than expected inflation report.
Another indication today of easing price pressures came in lower-than-expected, pulling back month over month.
Putting another 11 points on the S&P 500. Good for 1/4 of a percent. The tech heavy NASDAQ, rally and big names yesterday and that continues today. You're almost 1/3 of a percent. Target coming out and beating earnings expectations. That stock at 129 bucks and change is zooming 17% higher. It's been a rough year to date for target but it's making up some of that ground today. And that's your market update.
On today show, we are having a look at how to get more out of the WebBroker platform.
Joining us now to answer questions about the platform, Caitlin Cormier, client education instructor at TD Direct Investing. Great to have you here in person.
The audience is used to seeing you do your remote hits but we have you in the studio today.
>> I'm excited to be here.
>> We have lots of questions for you. People want to use the platform to its full extent. The first one we are going to start with. Someone says hi. Hi back. I would like to transfer FOR my TV special offer GIC to my savings account. Could you tell me how to do that, please?
>> Absolutely. With TD Direct Investing, we have a few different types of GICs. We have our regular GICs, some cashable GICs, market growth GICs, short and long term.
All of these can be purchased online through TD Direct Investing by converting to cash can be tricky. The only type of GICs that are cashable would be those cashable GICs. It says in its name that it is cashable.
As long as that's the case, all you have to do to get out of that GIC is to call our one 800 number.
When you speak to them, they will be able to go through the process and know if it's possible and help you cash that GIC. Let's hop into the platform.
I want to show some of the information about these GICs. I'm going to click on research here.
I'm going to click on the GIC Rate Sheet under investments.
Here, we can see at the top kind of the hours we are placing trades for GICs, making sure we are during those hours when we want to place those trades. And then we can see the fourth tab here shows cashable. So these are the ones that would be able to be cashed, the one and three year products and of course the interest rate kind of reflects that cash ability. To contact us, this phone number is right underneath this little contact us button at the top right-hand side of the screen.
We can see phone numbers here including TD Direct Investing. Very easy to get in contact with our trading desk to help you get that cash. Once its cash, it will be deposited into your trading account.
So the next step would be to get it from your trading account to your bank account because our client is looking to do that. In that case, you would have to click on accounts, go under transfers and withdrawals and choose the first one here, transfer cash because once the GIC is in cash, it will be transferred from our trading account our bank account and that is just as simple as choosing from our trading account, we choose the bank account on the other side, however much we would like to transfer and then move forward that way. Pretty straightforward. Just have to make sure that the GIC is cashable because the other ones have locked in, there may be is some sort of extreme circumstances he would be able to cash them but in general it's only the cashable GICs they can get out of early.
>> I have used that function. I called them up, cash out of a casual GIC. It was painless, very simple.
Now the audience is how to do it as well. Another question from the audience. How do you find a stocks free cash flow or free cash flow yield on WebBroker?
Someone wants to do their research on a stock, was to figure out some of these key metrics. What about this one?
>> Yeah, absolutely.
Free cash flow is talking about the castle the company generates after accounting for cash outflows to support operations and maintaining its capital assets.
Just a quick refresher as to what that number is.
It doesn't actually show up right within WebBroker but I have a report that I can show where we can actually see that number.
Let's jump into WebBroker. We are going to go under research and we are going to choose stocks this time.
And so as I said, let's just go ahead and choose the US version of Apple here.
Bring that up. And then, we are just going to navigate here to the reports page and the report that we are looking for is the MorningStar quant report.
We have it right here. Once I have that up, it's a little small here so you can zoom in a little bit more.
But that number, I believe, is just on the second page here. Let's see.
There we go.
So free cash flow is listed right here and we can see it on an annual basis going all the way back to 2014, so there's quite a bit of history there are two look at this particular company in order to look at that number. So not something that's exactly in WebBroker but we still have availability within WebBroker in our report section.
>> We can help the audience find their way through it.
This is an interesting one.
We talked to our colleague Hiren Amin a few weeks ago about Canadian Depository Receipts. This year asks, where does it say CDR?
> Great question.
If you have a stock is worth $300, you can potentially buy a CDR around the $20 mark. So it's interesting as well of that kind of hedging peace because it is in Canadian dollars.
So not having to worry as much about what the exchange rate is doing right now.
But what I'm going to do is I'm going to show the audience where we can see a little bit of information about the CDRs.
If you are on the mobile app, it will literally say CDR right next to the company so you just type in the company name.
It will pop up with the Canadian flag and it will say CDR. It's different on WebBroker.
Let's take a peek. We will go into research again and stocks.
We will use this company that we have because Apple does have a CDR. All I have to do here is type in Apple and I can see we have Apple with the Canadian flag. I know it doesn't trade on the Canadian exchange so I'm going to click there. And we will see it CBOE Canada.
That is the exchange that these CDR's trade on. That's how we can know that this particular security is going to be that CDR versus the actual Apple stock.
The prices also very different from the underlying stock and if you scroll down, you can see there isn't much information here about market capitalization and those sorts of things. There are few clues here to let us know that this is not your standard Apple stock.
But the CBOE Canada is a big indicator there because that is the exchange at these trade on.
>> At the top of the screen there is a Canadian flag, tells us it's not listed but there's a little view on the NASDAQ is also somebody wanted to do that comparison, which is a CDR cost for Apple and then click on view the NASDAQ and actually see what Apple trades on the exchange, it's a different number.
>> Yeah, a little bit.
A couple times more.
>> As always, make sure you do your own research before making any investment decisions.
We will get back to your questions for Caitlin Cormier and how to get more out of the WebBroker platform in just a moment.
A reminder, of course, you 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.
Strong demand for bargain groceries helped Loblaw grow sales and earnings in his latest quarter. The company says its discount banners such as No Frills and Maxi saw a stronger foot traffic as those cash-strapped households auto deal. Loblaw also reported solid sales growth added Shoppers Drug Mart stores. That stock open in a modestly positive but right now seems to be losing some of that ground. 119 bucks per share, you're done about 2 1/2% on the name. The hunt for bargains also help target be expectation.
The US retailer says that while consumers are buying fewer of big-ticket discretionary items, there is strong demand for its food and beauty offering. Now sales have declined a target for a second straight quarter, but the company has been working on its inventory and cutting expenses.
Delivering a healthier bottom-line number this quarter.
The stock is up almost 17% this hour at hundred and 29 bucks and change.
We have another sign today of cooling inflation in the United States. Wholesale prices are posting the biggest monthly decline since the onset of the pandemic, with the producer price index declining 0.5% in October.
This news follows yesterday's cooler than expected inflation report also out of the United States.
A quick check on the markets. We will start here at home on Bay Street with the TSX Composite Index. We had a big rally yesterday on signs of inflation cooling.
The rally continues today, and I quite a strong but still green on the screen.
Up 56 points on the TSX, a little bit more than 1/4 of a percent. South of the border, with an additional indicator of cooler inflation, the S&P 500 building on yesterday's big gains, modest again. A little shy of 11 points for 1/4 of a percent.
We are back with Caitlin Cormier, take your questions about the WebBroker platform. Plenty coming in. Let's get you some more. Can you review the stop loss types?
>> Absolutely.
Stop losses are very interesting types of orders that customers can use to essentially protect the profits, when it comes to their securities, you will bought something, you want to make sure that you don't lose everything, right? He made a little bit of profit and you want to make sure that you can continue to keep that profit.
So we have some different order types that can be used in order to help with that. I have a little visual here that we can look after these different protective order types. The first one that we will cover here is a trailing stop order… Sorry, let us go back here.
We will start with our stock market order, our basic when here.
Essentially, this is essentially a it to limit losses or protective profit. It is generally used for sell orders as opposed to buy orders just because with a buy order, you would be putting in a price that you want to buy it for above what the current prices. Usually, we want to buy things on sale, we don't want to pay more than what we have to forward. In things like technical analysis, it may make sense to us at a higher price point but in general, typically you would be looking to pay less than what the current prices. Typically, this is done for sale.
What we would do is set a trigger price to say we bought stop, if it falls to the stop we want to sell it.
We are going to set a trigger price at $20. So we bought it at 10, we are okay with doubling our profit.
That's enough profit for us.
>> I'm okay with doubling my profit too.
>> It's not terrible. Can't complain.
We are okay with that, but we want to ride the train if it's still going to go up.
So we go ahead, the price keeps going up, it has all the way up to 40 and then maybe we weren't looking at our computer, all of a sudden it starts to move backwards and all of a sudden, the prices set $20 mark where we said if it hits this price, we want to get out and keep our profits.
So what happens is as soon as the price hits $20, is going to trigger a market order which means that it's going to self or whatever the best current price is.
So the uncertainty here is what price you are going to get. You don't have control because it could hit $20 and then kind of quickly slide down.
Maybe $18 or $17.50, whatever the price might be. There is some uncertainty there but at least you kind of have that peace of mind that the order should be filled because it's a market order and market orders are typically filled it just that whatever the best current prices. If the price is a sticking point, we can also do a stop limit order. This is essentially the same as a stop market order but we are adding in a price as well. In our scenario, we bided $10, goes up, we are going to set the stop limit order again at $20 but we are also going to say that the lowest price we are willing to take in order to sell the securities $18.
So the stop price still goes up, it comes back down to 20, as soon as it hits 20, is when she turned into a limit order instead of a market order and so the limit order is going to say it's going to sell for $18 or better, meaning higher. If it hits at $20 and slides down to below 18 before we get a sale on our order, then it just won't fail until the price comes back up to $18.
So it just kind of gives us that peace of mind that we are going to be able to get a guaranteed price. Of course, whenever we guarantee something on that side, there is a chance that our order won't fail, which is kind of that give-and-take that we have with these order types.
So if we want to guarantee a price, we can't guarantee the fill. If you want to guarantee the fill was a market order, we can't guarantee the price. There's kind one way and the other.
And I can quickly run through the order on WebBroker as well.
Just kind of show our viewers… >> How to actually execute. We understand how they work and why you might want to use them, how do you actually do it?
>> So we will go ahead and click the buy sell button up in the top right-hand side of our screen.
We will assume we have done some research. We will go ahead and choose a security here to put in an order.
Again, we are going to choose the sell option here.
Whatever quantity of shares that we are going to go ahead and sell, whatever we own.
And then we are just going to choose price type, we are going to add stop in there.
We are going to start with a stop market.
There we go. We'll go ahead and put a trigger price.
Let's just say we bought this for $60 and we are okay with let's just say 7250 is the price that we are happy to sell it at if it drops back. So stop market, meaning that is going to turn into a market order if they hit 7250, I might want to put it for longer than just today because chances are if we look at the stock price and how much it has changed today, it's probably not going to drop down to 7250, knock on wood, today.
It could but not that likely. We want to choose a specific period of time, for example, a couple of weeks or a month or we can choose until cancel which would be 90 days for Canadian securities and 180 days for US.
Again, with the stop limit, we went to choose stop limit, we have that trigger price still, I'm going to two 7250, but then I have to put the minimum I am willing to accept a go forward with the sale of the securities so I could say 7150. Maybe I want to leave the dollar difference between the trigger price and the limit price.
After seeing it's an active order when I hit 7250 and it will sell for 7150 or better.
>> The next question is and I follow on to this because we were showing that graph about how it works.
I'm willing to sell at this price, this is what I want to login in terms of profit but I did notice it continued to go higher after that.
I would want to miss the upside. Can you explain the trailing stop set up?
>> Yeah, exactly. When he looked at that graph, we saw that they quadrupled their profits in that scenario.
Doubling your money is great but quadrupling your money is even better.
You might want to be able to take advantage of some of those forward movements of the stock.
That's great timing. It we have the trailing stop market order. This order type, I have a graph showing how this order works as well. Similar to the others, is just looking to lock in a profit but also take advantage of increases in price. So again, we buy a $10, we are going to set a trailing stop market order.
Sorry, I have some stuff popping up there. With a trigger Delta here of five dollars. So what triggered also means is our trigger price it is, instead of being a fixed number like $20, $25 less than the current market price.
So for example, if the current market price is $20, our trigger Delta is going to be 15. If our market prices 15, our trigger Delta is going to be 20. It's always going to follow the stock five dollars behind when it is moving upwards.
So as we go along this chart all the way up to $40, the trigger Delta is going to follow five dollars behind so we can see this example here, it reaches a high of 41.
Our new trigger Delta is going to be $36.
Now, as soon as the stock starts going backwards, the trigger Delta will not move. So it will stay at the highest point that it has reached but it will not go back down. So as soon as the stock price decreases, it will hit that trigger point. If it is the trigger point, then it will become an open order and it will be a market order. So essentially, we are taking advantage of the pups and as soon as it reverses course and goes down, we are getting out of the stock or triggering our order and getting out before that large downfall we see on the screen.
Again, you might be asking, are we able to do that, same idea was a limit order, and the answer is yes.
We do have the option to add a limit price there. So again, same idea, the trigger is still going to follow the price, it's still going to increase with the price.
The differences when it goes backwards and hit the trigger price, it's going to be a limit order and we are going to set a minimum price that we are willing to accept.
So for example, if we have a trigger Delta of five dollars, we can have a limit Delta of five dollars below that, for example.
So if it hits, in the scenario, if you had the trigger price at $36, then it will fill for $31 which is five dollars less than the actual trigger price or better.
So we are just adding that extra piece and, a little bit of guarantee as far as price goes, but again, that does decrease the likelihood that our order will be filled if the price moves quickly but at the same time, we are kind of protecting those profits.
So as far as entering it on WebBroker, we've got the same sort of idea here with that.
So let's stopover into WebBroker here. And I'm going to go ahead and choose here the trailing stop market. So as we mentioned, the trigger Delta is the thing we are looking for. This is how much the trigger price is going to follow the market price. For example, if we set five dollars, it is going to show us an estimation of what that trigger Delta would be based on the current market price. If you'll notice, you can actually click and choose a percentage or a dollar value. It's easier for our illustrative purposes to go with a dollar value but you can choose a percentage below if you choose. It's pretty straightforward to fill out this one as far as the trailing stop market and then if we add the limit order, again, we can choose the five dollar Delta and then we are going to choose how far behind the Delta, how far behind the trigger Delta the limit Delta is going to follow. So if the stock price suddenly went in the opposite direction, when it hit 79, it would trigger a limit order and it would sell for 7807 or better.
>> It was daunting when I first started doing the stuff but when you start working through, it all makes sense.
Let's get to the next question.
We have someone asking, one the fundamental tab, the information on the company page and Advanced Dashboard updated companies change in earnings or other financial? This is interesting.
When companies report, there is a new governmental information to work with.
>> This would be the same with WebBroker as well.
When companies make these types of reports, by the next day, it updates within WebBroker.
So I could even show an example.
If those of you who aren't familiar with where we can find this information and WebBroker as far as when earnings are reported, in order to do this, we can go ahead and click on the research tab. It we can go under markets and we are going to choose the events tab.
Once you get to the events tab, is going to shows for example events that happened, that are happening today.
He mentioned Loblaws. Of course, we don't have actual numbers yet so let's go back in time one day so I will go back to yesterday. We can see a few different companies actually gave earnings announcement yesterday. If we look we can see what the period was, the actual number here as well as the revenue listed.
If I go ahead and remember those numbers there, so 1.27 for this company if I click on the company and then go to their overview, when I scroll down here I can see that it shows the earnings, the actual earnings of 127 and the revenue number as well on the right-hand side.
So that information is very quick. It is going to be updated within WebBroker by the next day.
>> Okay. Great stuff.
As always, make sure you do your own research before making any investment decisions.
we will get back to your questions for Caitlin Cormier on how to get more out of the WebBroker platform in just a moment's time.
A reminder, of course, 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.
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 Caitlin Cormier, taking your questions at the Weber platform. Let's get back to it. If you are wants to know, how can investors find what different fixed income products TD Direct Investing is offering?
>> That's a great question. Fixed income has definitely become something that people are a little bit more interested in nowadays, talking about interest rates being at record highs for the last number of years. We haven't seen interest rates anywhere near this. There's definitely more of a buzz around these types of product. Let's take a peek and see where we can find this information on WebBroker.
So these can be purchased altar WebBroker. We are going to click on research and go under investments and we are going to scroll down here to fixed income. So this would be where we would be able to find bonds as well is money market type of funds or money market type of products that are available for purchase. We can see here there is a kind of quick picks listing here so we can see agency bonds, Canada bonds, bonds are able to be purchased from governments as well as corporations.
We have federal, provincial and municipal bonds, corporate bonds and over on the right-hand side of this kind of short-term money market instruments and then finally strip bonds. They are all available here.
If you click on any of these kind of time frames, this is showing you what the maturity is for these bonds, the bonds that are coming due in the next for example 5 to 10 years that are corporate bonds. You can also do a fixed income search. If there is something in particular you are looking for, you click on this fixed income search button.
You can choose either a specific product or you can just choose everything and then let's just say for example there was a particular issue or that you are looking for fixed income from. Let's just say Enbridge.
There we go.
And then I click submit and is going to show me all the different fixed income that's available from the company.
So pretty decent listing there of securities for this company.
So we can go in and put more filters if we like, like a maturity date or something like that. There are a few different things that we can actually put in here, including ratings. If we are looking for a specific rating level to diversify our portfolio in that way, we can absolutely do that.
Another thing some people might be looking for his US options as far as U.S. Treasury bonds, you can see that that's one of the things we can choose in the search and I can click submit again and it will show me these governments of the US options available.
The last type of product that we have in fixed income would be high yield products. These are also referred to as junk bonds or kind of noninvestment grade type investments. The thing with those type of products is because they are higher risk, higher potential for return but absolutely higher risk, these products can be purchased on WebBroker so you do have to contact the trading desk in order to speak to a representative and understand the implications of purchasing a product like this and that phone number is right on the fixed income homepage, so it has hours of operation as well as the phone number right there on the homepage of fixed income. If that's what you're looking to get more information about, you can always call in and speak to somebody about those types of products.
>> I didn't know that about high yield. I played with out of it before and I found it interesting what I was looking through the investment grade stuff, you pick a few and buildable report just to tell you if you did actually go through something like that, this is what you might expect in terms of the Cubano maturities.
A lot of functionality there.
>> Yeah, that's the bond ladder which is really interesting because you are right, it basically builds a portfolio for you and shows you how you are kind of spreading out your risk as far as the ratings and what types of bonds you are purchasing, where coupon is, your duration and all that kind of fun stuff. It's a cool report.
>> Fun stuff indeed. Let's take another question about the fun stuff from the audience. What kind of resources do we have for investors to compare securities against their peers? Maybe you want to buy a telecom stock or an entertainment stock and you wonder how it performs against his pure group.
>> A lot of us might be looking to add something to our portfolio. We know what area of the market we need diversification into but why do you choose one company over another, how do you compare them?
One of my favourite tools and WebBroker that I find helpful is our pure comparison. So it takes all of that work away from us having to sort of create spreadsheets or anything like that. It right within WebBroker, if we click on research and go into an individual stock, we can pull up again our kind of investment page. Let's go ahead and choose another company here.
So I'm going to go ahead and scroll down and on the left-hand side you will see auto and truck manufacturing industry peers is what this particular companies categorized under it is going to show us who the peers of this company are. Is giving us a quick list of different peers.
It showing us comparisons of different information including market, price-to-earnings ratio and earnings-per-share growth.
And then we can also have a couple other tabs here like performance as well as news information but that might not be enough. It might be something just to see that information but we might want more to kind of look at more numbers here. So we're going to go ahead and click on fundamentals.
And once we get in here, there is both just an industry comparison and the pure comparison.
Industry is showing us the company we have chosen versus the industry average and where it ranks within the industry, but if we click on pure comparison here, we are going to get those numbers for all of these companies. It could really take a lot of legwork out of it for us if we are looking to see information about these companies. Maybe we are looking at something like financial type stocks, want to know if they're paying a dividend or with the dividend yield is. We can see them all side-by-side and see what that looks like.
There is quite a bit that can be found here on this page here and it takes a lot of the legwork out, not only giving us who the peers are beginning a some of that detailed information that we can look at side-by-side.
>> Interesting stuff.
This question is a nice follow-up to that. We have another viewer wondering where investors can find information on what analysts are saying about a stock.
>> Absolutely.
There are so many factors that we put together when we are choosing a stock. We are kind of bringing up some of the main ones here.
How has it performed, looking at financials, understanding how it is placed in the market but sometimes we want people for whom it's their bread and butter.
>> We talk about they beat the street, they did this, these are the analysts who are saying what they think a company can achieve.
>> These people do this for a job so we might think that we are working for ourselves and building our own portfolios but these people are putting in lots of hours, so always interesting to get a perspective and add it to our basket of things that we are using to make decisions for our investments. We don't want to weigh anything too heavily but we can look at the consensus and see what they are saying.
We have a couple of different ways that we can look at those analyst reports. In WebBroker, under the company that we have listed here, we can click this tab that says analysts and it will bring us to our individual stock Analyst Centre.
The first thing we are going to see here is a visual that's really easy to kind of decipher here. On the left-hand side, we've got the past 12 months performance of this particular security. We are getting projections about what analysts think are going to happen to the security in the next 12 months, the high, the average and the low as far as the price. On the right-hand side, it will show us the analyst ratings, so what the consensus is. Here we are kind of hold for the stock since they are pretty split up on this one, six cell, 14 hold and 14 by. A bit of a mixed bag there.
But we can see how many analysts have actually put in ratings for this particular company.
And then if we scroll down, we can see who those analysts are.
We can put in some cases a face to a name as well as we can learn a bit of information about these individuals.
If, for example, I want to know more about this particular analyst, I can click on their name and it will show me their win loss rating. Here's showing me 147 correct or wins as far as their ratings went versus 252 ratings altogether so they have a 58% success rating. We can also view their profile and if we view their profile is going to show us other companies that they cover and provide ratings on or we could follow the individual. So if we follow in analyst, we can actually go back here and go under research. Under markets and Analyst Centre. And when we get here, it will actually show us our followed analysts. So anyone that we've gone through and chosen to follow, it will show here, it will show us their success rating, what sectors they cover and we can go ahead and expand their profile here and see the different companies that they are covering on a regular basis and what the reason positions were. So it's definitely an interesting tool to use. The last piece I will say here is under this market Analyst Centre, can also see with the most recent ratings were.
If I click on her most recent, it showing me these are the ratings that were released today. These are hot off the press, if you will. A hot off the presses from these analysts, giving their opinion about these particular securities.
We can filter it if we want to look at a particular sector or market capitalization, Canada versus the US.
Any of those types of things. Maybe we only want to see five-star analysts, we could do that as well.
Lots of different things we can do as well as look at trending stocks, so ones that are kind of most covered by analysts and so these are the ones that are rated the most and is giving us a feel for what the street is saying about this particular security and where they think the price could go in the next 12 months.
>> Very interesting site. We are going to get back to your questions or Caitlin Cormier on how you can better utilize WebBroker platform in just a moment's 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 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.
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.
TD Direct Investing Index for the month of October has been released and MoneyTalk's Anthony Okolie has been going over the numbers and joins us with more.
>> Thanks, Greg.
The TD Direct Investing Index for the month of October has been released.
The big take away was that self-directed investor sentiment was bearish for the third month in a row.
Here are the details.
Let's start with the overall to need direct investing index which measures sentiment from 100 as Bellusci and -100 forebears. It's at -39 and down from last month and down from October of last month when sentiment was -26. When you look at the components which make up the DII, overall, the core proxies were all parish again and mostly down month over month.
Significantly, we saw four self-directed investors buying at the top of the market.
The proxy for buying at extremes or chasing stocks at 52-week highs was the lowest at -17, that sounds 10 points month over month which helped us to get more bearish.
A few key points that stood out.
First, financials remain the most negative sector for the third straight month. While technology emerged as the only positive sector. Secondly, most age groups were feeling negative about markets but Gen Z and Milennials, those born in 1981 and after, were by far the most optimistic bunch.
Sentiment for financials toppled nine points from October to -12. A notable strengthening and bond yields over the month put pressure on dividend paying entities like banks. The tech sector saw sentiment improved four points to +2.
Those heavily sold financial stocks last month included the Bank of Nova Scotia, Royal Bank, TD and CIBC. When you look at trading activity based on age, Gen Z and Milennials were the most positive was sentiment edging up to +1.
The most bought securities by Gen Z and Milennials last month included Tesla, TD Bank, Air Canada and energy giant Enbridge. Dr. TD Direct Investing highlights for October 2023. Back to you.
>> I was MoneyTalk's Anthony Okolie.
Now, for an update on the markets.
We are having a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing.
This is the heat map function, gives us a nice view of the market movers. Let's start with the TSX 60, screening by price and volume.
Another obsession for Shopify. We have seen a rally in tech stocks in the past couple of days but also Shopify recently reporting earnings and that set off the rally in the name. The street seem to like what they saw from that. MRU, however, Metro, if I have my tickers right, indeed I do, it's out about 7.6% this hour on the back of its latest earnings release. South of the border, a check in on the S&P 100.
There was a big rally yesterday. Today the producer price index came in and pulled back more on a monthly basis than was anticipated to get another sign of cooling inflationary pressures of the border. A bit more of a mix day in the markets. Seems to be really a story about a earnings.
TGT jumping out of the screen, this would be target, easily beating expectations on the bottom line and that stock is up to the tune of about 17%.
You can get more information on TD Advanced Dashboard by visiting TD.com/Advanced Dashboard.
We are back now with Caitlin Cormier from TD Direct Investing, taking your questions with the WebBroker platform.
Someone says okay, is there a spot on WebBroker to see the underlying securities within an index? You will talk about markets and this and that, but was actually in there?
>> Absolutely.
You just covered indices a moment ago. They are a tool that investors use or we use in general to see how the market is doing and understand the health of the market to compare against our portfolio, see how we are doing, are we beating the market or are we underperforming as well as ETFs can be based on those as well so lots of reasons to understand indices and know what they are.
What are the underlying stocks and indices? We hear about things like the S&P 500 and the TSX 60, one of those 500 or 60 stocks?
We can help rated to WebBroker and see this information.
Under research and markets, you will see indices as the second option.
This page will show us an overview of some different indices.
We will notice here on the left-hand side you've got different major indices listed. There is also sector indices, never forget that we can dial down a little bit deeper into a specific sector and see how that sector is performing. We also have Europe, emerging markets as well as specific that we can get into there.
But if we want to, for example, let's go back to the major indices, but if we want to know, let's do something a little smaller, like the TSX 60, if we want to know what companies are here, I'm going to go ahead and click on the name of that index and then when I'm going to go ahead and get this little screen here and I'm going to click on the button that says members.
Pretty straightforward. But that's literally going to list the 60 stocks around 60 stocks that are actually in that particular index.
You can see that these are kind of the biggest Canadian companies that make up the particular index. There are a couple of pages here and we also have some information about these companies.
Not only their names but we can get some additional information about maybe the last price, 52-week high and low, whether they pay a dividend. We can categorize them by performance.
Maybe we are looking at this in order to build something like a watchlist. Maybe we are looking to find some companies that we want to keep an eye on, especially we are looking at a specific sector, maybe we are looking to add something to our portfolio. So we want to do that, for example, we could go ahead and click on the company name and then when this little box pops up, we can click add to watchlist.
That's as easy as we can actually have for example these stocks added to a watchlist to keep track of them.
You can go back and do some additional research on them and potentially look at them as a buying opportunity in the future.
So lots that we can do with these indices.
>> Caitlin, it's been great having you. We have run out of time for questions.
Really enjoyed the time. I think the audience loved it a lot as well. Great to have you in the studio because we are used to seeing you all the time but not here.
It was an all-around pleasure to have you here.
>> Great to be here. Hopefully I answered some of those questions for the viewers and they are happy with them.
>> Will definitely be on the show soon. Another full show in the offing. Caitlin, thanks to Caitlin Cormier, client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
stay tuned, on Thursday, Andres Rincon, head of ETF sales and strategy with TD Securities will be our guest, taking your questions about exchange traded funds.
A reminder that you can get a head start with this question. Just email moneytalklive@td.com.
That's all the time we have for the show today. Thanks for watching. We will see you tomorrow.
[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 taking your questions about how to get more out of the WebBroker platform. Caitlin Cormier from TD Direct Investing joins us. MoneyTalk's Anthony Okolie is going to bring us the latest results of the TD Direct Investing Index and what it is telling us about sentiment among Canadian investors.
So 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.
Before we get our guest of the day, let's get you an update on the markets.
We had a nice rally yesterday off the back of the cooler than expected US inflation report. It continues today.
The TSX putting on 68 points, a bit more modest than yesterday, up about 1/3 of a percent. Among most actively traded names on the TSX includes Shopify. We have tech stocks rallying on both sides of the border.
Here at home at Shopify representing that group, up another 3% today at $92 and change.
Berchcliff Energy coming out with its earnings, free cash flow not coming in as strong as the street was expecting.
At seven bucks and nine cents, got them down a little more than 5%. South of the border, there was a big rally off the cooler than expected inflation report.
Another indication today of easing price pressures came in lower-than-expected, pulling back month over month.
Putting another 11 points on the S&P 500. Good for 1/4 of a percent. The tech heavy NASDAQ, rally and big names yesterday and that continues today. You're almost 1/3 of a percent. Target coming out and beating earnings expectations. That stock at 129 bucks and change is zooming 17% higher. It's been a rough year to date for target but it's making up some of that ground today. And that's your market update.
On today show, we are having a look at how to get more out of the WebBroker platform.
Joining us now to answer questions about the platform, Caitlin Cormier, client education instructor at TD Direct Investing. Great to have you here in person.
The audience is used to seeing you do your remote hits but we have you in the studio today.
>> I'm excited to be here.
>> We have lots of questions for you. People want to use the platform to its full extent. The first one we are going to start with. Someone says hi. Hi back. I would like to transfer FOR my TV special offer GIC to my savings account. Could you tell me how to do that, please?
>> Absolutely. With TD Direct Investing, we have a few different types of GICs. We have our regular GICs, some cashable GICs, market growth GICs, short and long term.
All of these can be purchased online through TD Direct Investing by converting to cash can be tricky. The only type of GICs that are cashable would be those cashable GICs. It says in its name that it is cashable.
As long as that's the case, all you have to do to get out of that GIC is to call our one 800 number.
When you speak to them, they will be able to go through the process and know if it's possible and help you cash that GIC. Let's hop into the platform.
I want to show some of the information about these GICs. I'm going to click on research here.
I'm going to click on the GIC Rate Sheet under investments.
Here, we can see at the top kind of the hours we are placing trades for GICs, making sure we are during those hours when we want to place those trades. And then we can see the fourth tab here shows cashable. So these are the ones that would be able to be cashed, the one and three year products and of course the interest rate kind of reflects that cash ability. To contact us, this phone number is right underneath this little contact us button at the top right-hand side of the screen.
We can see phone numbers here including TD Direct Investing. Very easy to get in contact with our trading desk to help you get that cash. Once its cash, it will be deposited into your trading account.
So the next step would be to get it from your trading account to your bank account because our client is looking to do that. In that case, you would have to click on accounts, go under transfers and withdrawals and choose the first one here, transfer cash because once the GIC is in cash, it will be transferred from our trading account our bank account and that is just as simple as choosing from our trading account, we choose the bank account on the other side, however much we would like to transfer and then move forward that way. Pretty straightforward. Just have to make sure that the GIC is cashable because the other ones have locked in, there may be is some sort of extreme circumstances he would be able to cash them but in general it's only the cashable GICs they can get out of early.
>> I have used that function. I called them up, cash out of a casual GIC. It was painless, very simple.
Now the audience is how to do it as well. Another question from the audience. How do you find a stocks free cash flow or free cash flow yield on WebBroker?
Someone wants to do their research on a stock, was to figure out some of these key metrics. What about this one?
>> Yeah, absolutely.
Free cash flow is talking about the castle the company generates after accounting for cash outflows to support operations and maintaining its capital assets.
Just a quick refresher as to what that number is.
It doesn't actually show up right within WebBroker but I have a report that I can show where we can actually see that number.
Let's jump into WebBroker. We are going to go under research and we are going to choose stocks this time.
And so as I said, let's just go ahead and choose the US version of Apple here.
Bring that up. And then, we are just going to navigate here to the reports page and the report that we are looking for is the MorningStar quant report.
We have it right here. Once I have that up, it's a little small here so you can zoom in a little bit more.
But that number, I believe, is just on the second page here. Let's see.
There we go.
So free cash flow is listed right here and we can see it on an annual basis going all the way back to 2014, so there's quite a bit of history there are two look at this particular company in order to look at that number. So not something that's exactly in WebBroker but we still have availability within WebBroker in our report section.
>> We can help the audience find their way through it.
This is an interesting one.
We talked to our colleague Hiren Amin a few weeks ago about Canadian Depository Receipts. This year asks, where does it say CDR?
> Great question.
If you have a stock is worth $300, you can potentially buy a CDR around the $20 mark. So it's interesting as well of that kind of hedging peace because it is in Canadian dollars.
So not having to worry as much about what the exchange rate is doing right now.
But what I'm going to do is I'm going to show the audience where we can see a little bit of information about the CDRs.
If you are on the mobile app, it will literally say CDR right next to the company so you just type in the company name.
It will pop up with the Canadian flag and it will say CDR. It's different on WebBroker.
Let's take a peek. We will go into research again and stocks.
We will use this company that we have because Apple does have a CDR. All I have to do here is type in Apple and I can see we have Apple with the Canadian flag. I know it doesn't trade on the Canadian exchange so I'm going to click there. And we will see it CBOE Canada.
That is the exchange that these CDR's trade on. That's how we can know that this particular security is going to be that CDR versus the actual Apple stock.
The prices also very different from the underlying stock and if you scroll down, you can see there isn't much information here about market capitalization and those sorts of things. There are few clues here to let us know that this is not your standard Apple stock.
But the CBOE Canada is a big indicator there because that is the exchange at these trade on.
>> At the top of the screen there is a Canadian flag, tells us it's not listed but there's a little view on the NASDAQ is also somebody wanted to do that comparison, which is a CDR cost for Apple and then click on view the NASDAQ and actually see what Apple trades on the exchange, it's a different number.
>> Yeah, a little bit.
A couple times more.
>> As always, make sure you do your own research before making any investment decisions.
We will get back to your questions for Caitlin Cormier and how to get more out of the WebBroker platform in just a moment.
A reminder, of course, you 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.
Strong demand for bargain groceries helped Loblaw grow sales and earnings in his latest quarter. The company says its discount banners such as No Frills and Maxi saw a stronger foot traffic as those cash-strapped households auto deal. Loblaw also reported solid sales growth added Shoppers Drug Mart stores. That stock open in a modestly positive but right now seems to be losing some of that ground. 119 bucks per share, you're done about 2 1/2% on the name. The hunt for bargains also help target be expectation.
The US retailer says that while consumers are buying fewer of big-ticket discretionary items, there is strong demand for its food and beauty offering. Now sales have declined a target for a second straight quarter, but the company has been working on its inventory and cutting expenses.
Delivering a healthier bottom-line number this quarter.
The stock is up almost 17% this hour at hundred and 29 bucks and change.
We have another sign today of cooling inflation in the United States. Wholesale prices are posting the biggest monthly decline since the onset of the pandemic, with the producer price index declining 0.5% in October.
This news follows yesterday's cooler than expected inflation report also out of the United States.
A quick check on the markets. We will start here at home on Bay Street with the TSX Composite Index. We had a big rally yesterday on signs of inflation cooling.
The rally continues today, and I quite a strong but still green on the screen.
Up 56 points on the TSX, a little bit more than 1/4 of a percent. South of the border, with an additional indicator of cooler inflation, the S&P 500 building on yesterday's big gains, modest again. A little shy of 11 points for 1/4 of a percent.
We are back with Caitlin Cormier, take your questions about the WebBroker platform. Plenty coming in. Let's get you some more. Can you review the stop loss types?
>> Absolutely.
Stop losses are very interesting types of orders that customers can use to essentially protect the profits, when it comes to their securities, you will bought something, you want to make sure that you don't lose everything, right? He made a little bit of profit and you want to make sure that you can continue to keep that profit.
So we have some different order types that can be used in order to help with that. I have a little visual here that we can look after these different protective order types. The first one that we will cover here is a trailing stop order… Sorry, let us go back here.
We will start with our stock market order, our basic when here.
Essentially, this is essentially a it to limit losses or protective profit. It is generally used for sell orders as opposed to buy orders just because with a buy order, you would be putting in a price that you want to buy it for above what the current prices. Usually, we want to buy things on sale, we don't want to pay more than what we have to forward. In things like technical analysis, it may make sense to us at a higher price point but in general, typically you would be looking to pay less than what the current prices. Typically, this is done for sale.
What we would do is set a trigger price to say we bought stop, if it falls to the stop we want to sell it.
We are going to set a trigger price at $20. So we bought it at 10, we are okay with doubling our profit.
That's enough profit for us.
>> I'm okay with doubling my profit too.
>> It's not terrible. Can't complain.
We are okay with that, but we want to ride the train if it's still going to go up.
So we go ahead, the price keeps going up, it has all the way up to 40 and then maybe we weren't looking at our computer, all of a sudden it starts to move backwards and all of a sudden, the prices set $20 mark where we said if it hits this price, we want to get out and keep our profits.
So what happens is as soon as the price hits $20, is going to trigger a market order which means that it's going to self or whatever the best current price is.
So the uncertainty here is what price you are going to get. You don't have control because it could hit $20 and then kind of quickly slide down.
Maybe $18 or $17.50, whatever the price might be. There is some uncertainty there but at least you kind of have that peace of mind that the order should be filled because it's a market order and market orders are typically filled it just that whatever the best current prices. If the price is a sticking point, we can also do a stop limit order. This is essentially the same as a stop market order but we are adding in a price as well. In our scenario, we bided $10, goes up, we are going to set the stop limit order again at $20 but we are also going to say that the lowest price we are willing to take in order to sell the securities $18.
So the stop price still goes up, it comes back down to 20, as soon as it hits 20, is when she turned into a limit order instead of a market order and so the limit order is going to say it's going to sell for $18 or better, meaning higher. If it hits at $20 and slides down to below 18 before we get a sale on our order, then it just won't fail until the price comes back up to $18.
So it just kind of gives us that peace of mind that we are going to be able to get a guaranteed price. Of course, whenever we guarantee something on that side, there is a chance that our order won't fail, which is kind of that give-and-take that we have with these order types.
So if we want to guarantee a price, we can't guarantee the fill. If you want to guarantee the fill was a market order, we can't guarantee the price. There's kind one way and the other.
And I can quickly run through the order on WebBroker as well.
Just kind of show our viewers… >> How to actually execute. We understand how they work and why you might want to use them, how do you actually do it?
>> So we will go ahead and click the buy sell button up in the top right-hand side of our screen.
We will assume we have done some research. We will go ahead and choose a security here to put in an order.
Again, we are going to choose the sell option here.
Whatever quantity of shares that we are going to go ahead and sell, whatever we own.
And then we are just going to choose price type, we are going to add stop in there.
We are going to start with a stop market.
There we go. We'll go ahead and put a trigger price.
Let's just say we bought this for $60 and we are okay with let's just say 7250 is the price that we are happy to sell it at if it drops back. So stop market, meaning that is going to turn into a market order if they hit 7250, I might want to put it for longer than just today because chances are if we look at the stock price and how much it has changed today, it's probably not going to drop down to 7250, knock on wood, today.
It could but not that likely. We want to choose a specific period of time, for example, a couple of weeks or a month or we can choose until cancel which would be 90 days for Canadian securities and 180 days for US.
Again, with the stop limit, we went to choose stop limit, we have that trigger price still, I'm going to two 7250, but then I have to put the minimum I am willing to accept a go forward with the sale of the securities so I could say 7150. Maybe I want to leave the dollar difference between the trigger price and the limit price.
After seeing it's an active order when I hit 7250 and it will sell for 7150 or better.
>> The next question is and I follow on to this because we were showing that graph about how it works.
I'm willing to sell at this price, this is what I want to login in terms of profit but I did notice it continued to go higher after that.
I would want to miss the upside. Can you explain the trailing stop set up?
>> Yeah, exactly. When he looked at that graph, we saw that they quadrupled their profits in that scenario.
Doubling your money is great but quadrupling your money is even better.
You might want to be able to take advantage of some of those forward movements of the stock.
That's great timing. It we have the trailing stop market order. This order type, I have a graph showing how this order works as well. Similar to the others, is just looking to lock in a profit but also take advantage of increases in price. So again, we buy a $10, we are going to set a trailing stop market order.
Sorry, I have some stuff popping up there. With a trigger Delta here of five dollars. So what triggered also means is our trigger price it is, instead of being a fixed number like $20, $25 less than the current market price.
So for example, if the current market price is $20, our trigger Delta is going to be 15. If our market prices 15, our trigger Delta is going to be 20. It's always going to follow the stock five dollars behind when it is moving upwards.
So as we go along this chart all the way up to $40, the trigger Delta is going to follow five dollars behind so we can see this example here, it reaches a high of 41.
Our new trigger Delta is going to be $36.
Now, as soon as the stock starts going backwards, the trigger Delta will not move. So it will stay at the highest point that it has reached but it will not go back down. So as soon as the stock price decreases, it will hit that trigger point. If it is the trigger point, then it will become an open order and it will be a market order. So essentially, we are taking advantage of the pups and as soon as it reverses course and goes down, we are getting out of the stock or triggering our order and getting out before that large downfall we see on the screen.
Again, you might be asking, are we able to do that, same idea was a limit order, and the answer is yes.
We do have the option to add a limit price there. So again, same idea, the trigger is still going to follow the price, it's still going to increase with the price.
The differences when it goes backwards and hit the trigger price, it's going to be a limit order and we are going to set a minimum price that we are willing to accept.
So for example, if we have a trigger Delta of five dollars, we can have a limit Delta of five dollars below that, for example.
So if it hits, in the scenario, if you had the trigger price at $36, then it will fill for $31 which is five dollars less than the actual trigger price or better.
So we are just adding that extra piece and, a little bit of guarantee as far as price goes, but again, that does decrease the likelihood that our order will be filled if the price moves quickly but at the same time, we are kind of protecting those profits.
So as far as entering it on WebBroker, we've got the same sort of idea here with that.
So let's stopover into WebBroker here. And I'm going to go ahead and choose here the trailing stop market. So as we mentioned, the trigger Delta is the thing we are looking for. This is how much the trigger price is going to follow the market price. For example, if we set five dollars, it is going to show us an estimation of what that trigger Delta would be based on the current market price. If you'll notice, you can actually click and choose a percentage or a dollar value. It's easier for our illustrative purposes to go with a dollar value but you can choose a percentage below if you choose. It's pretty straightforward to fill out this one as far as the trailing stop market and then if we add the limit order, again, we can choose the five dollar Delta and then we are going to choose how far behind the Delta, how far behind the trigger Delta the limit Delta is going to follow. So if the stock price suddenly went in the opposite direction, when it hit 79, it would trigger a limit order and it would sell for 7807 or better.
>> It was daunting when I first started doing the stuff but when you start working through, it all makes sense.
Let's get to the next question.
We have someone asking, one the fundamental tab, the information on the company page and Advanced Dashboard updated companies change in earnings or other financial? This is interesting.
When companies report, there is a new governmental information to work with.
>> This would be the same with WebBroker as well.
When companies make these types of reports, by the next day, it updates within WebBroker.
So I could even show an example.
If those of you who aren't familiar with where we can find this information and WebBroker as far as when earnings are reported, in order to do this, we can go ahead and click on the research tab. It we can go under markets and we are going to choose the events tab.
Once you get to the events tab, is going to shows for example events that happened, that are happening today.
He mentioned Loblaws. Of course, we don't have actual numbers yet so let's go back in time one day so I will go back to yesterday. We can see a few different companies actually gave earnings announcement yesterday. If we look we can see what the period was, the actual number here as well as the revenue listed.
If I go ahead and remember those numbers there, so 1.27 for this company if I click on the company and then go to their overview, when I scroll down here I can see that it shows the earnings, the actual earnings of 127 and the revenue number as well on the right-hand side.
So that information is very quick. It is going to be updated within WebBroker by the next day.
>> Okay. Great stuff.
As always, make sure you do your own research before making any investment decisions.
we will get back to your questions for Caitlin Cormier on how to get more out of the WebBroker platform in just a moment's time.
A reminder, of course, 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.
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 Caitlin Cormier, taking your questions at the Weber platform. Let's get back to it. If you are wants to know, how can investors find what different fixed income products TD Direct Investing is offering?
>> That's a great question. Fixed income has definitely become something that people are a little bit more interested in nowadays, talking about interest rates being at record highs for the last number of years. We haven't seen interest rates anywhere near this. There's definitely more of a buzz around these types of product. Let's take a peek and see where we can find this information on WebBroker.
So these can be purchased altar WebBroker. We are going to click on research and go under investments and we are going to scroll down here to fixed income. So this would be where we would be able to find bonds as well is money market type of funds or money market type of products that are available for purchase. We can see here there is a kind of quick picks listing here so we can see agency bonds, Canada bonds, bonds are able to be purchased from governments as well as corporations.
We have federal, provincial and municipal bonds, corporate bonds and over on the right-hand side of this kind of short-term money market instruments and then finally strip bonds. They are all available here.
If you click on any of these kind of time frames, this is showing you what the maturity is for these bonds, the bonds that are coming due in the next for example 5 to 10 years that are corporate bonds. You can also do a fixed income search. If there is something in particular you are looking for, you click on this fixed income search button.
You can choose either a specific product or you can just choose everything and then let's just say for example there was a particular issue or that you are looking for fixed income from. Let's just say Enbridge.
There we go.
And then I click submit and is going to show me all the different fixed income that's available from the company.
So pretty decent listing there of securities for this company.
So we can go in and put more filters if we like, like a maturity date or something like that. There are a few different things that we can actually put in here, including ratings. If we are looking for a specific rating level to diversify our portfolio in that way, we can absolutely do that.
Another thing some people might be looking for his US options as far as U.S. Treasury bonds, you can see that that's one of the things we can choose in the search and I can click submit again and it will show me these governments of the US options available.
The last type of product that we have in fixed income would be high yield products. These are also referred to as junk bonds or kind of noninvestment grade type investments. The thing with those type of products is because they are higher risk, higher potential for return but absolutely higher risk, these products can be purchased on WebBroker so you do have to contact the trading desk in order to speak to a representative and understand the implications of purchasing a product like this and that phone number is right on the fixed income homepage, so it has hours of operation as well as the phone number right there on the homepage of fixed income. If that's what you're looking to get more information about, you can always call in and speak to somebody about those types of products.
>> I didn't know that about high yield. I played with out of it before and I found it interesting what I was looking through the investment grade stuff, you pick a few and buildable report just to tell you if you did actually go through something like that, this is what you might expect in terms of the Cubano maturities.
A lot of functionality there.
>> Yeah, that's the bond ladder which is really interesting because you are right, it basically builds a portfolio for you and shows you how you are kind of spreading out your risk as far as the ratings and what types of bonds you are purchasing, where coupon is, your duration and all that kind of fun stuff. It's a cool report.
>> Fun stuff indeed. Let's take another question about the fun stuff from the audience. What kind of resources do we have for investors to compare securities against their peers? Maybe you want to buy a telecom stock or an entertainment stock and you wonder how it performs against his pure group.
>> A lot of us might be looking to add something to our portfolio. We know what area of the market we need diversification into but why do you choose one company over another, how do you compare them?
One of my favourite tools and WebBroker that I find helpful is our pure comparison. So it takes all of that work away from us having to sort of create spreadsheets or anything like that. It right within WebBroker, if we click on research and go into an individual stock, we can pull up again our kind of investment page. Let's go ahead and choose another company here.
So I'm going to go ahead and scroll down and on the left-hand side you will see auto and truck manufacturing industry peers is what this particular companies categorized under it is going to show us who the peers of this company are. Is giving us a quick list of different peers.
It showing us comparisons of different information including market, price-to-earnings ratio and earnings-per-share growth.
And then we can also have a couple other tabs here like performance as well as news information but that might not be enough. It might be something just to see that information but we might want more to kind of look at more numbers here. So we're going to go ahead and click on fundamentals.
And once we get in here, there is both just an industry comparison and the pure comparison.
Industry is showing us the company we have chosen versus the industry average and where it ranks within the industry, but if we click on pure comparison here, we are going to get those numbers for all of these companies. It could really take a lot of legwork out of it for us if we are looking to see information about these companies. Maybe we are looking at something like financial type stocks, want to know if they're paying a dividend or with the dividend yield is. We can see them all side-by-side and see what that looks like.
There is quite a bit that can be found here on this page here and it takes a lot of the legwork out, not only giving us who the peers are beginning a some of that detailed information that we can look at side-by-side.
>> Interesting stuff.
This question is a nice follow-up to that. We have another viewer wondering where investors can find information on what analysts are saying about a stock.
>> Absolutely.
There are so many factors that we put together when we are choosing a stock. We are kind of bringing up some of the main ones here.
How has it performed, looking at financials, understanding how it is placed in the market but sometimes we want people for whom it's their bread and butter.
>> We talk about they beat the street, they did this, these are the analysts who are saying what they think a company can achieve.
>> These people do this for a job so we might think that we are working for ourselves and building our own portfolios but these people are putting in lots of hours, so always interesting to get a perspective and add it to our basket of things that we are using to make decisions for our investments. We don't want to weigh anything too heavily but we can look at the consensus and see what they are saying.
We have a couple of different ways that we can look at those analyst reports. In WebBroker, under the company that we have listed here, we can click this tab that says analysts and it will bring us to our individual stock Analyst Centre.
The first thing we are going to see here is a visual that's really easy to kind of decipher here. On the left-hand side, we've got the past 12 months performance of this particular security. We are getting projections about what analysts think are going to happen to the security in the next 12 months, the high, the average and the low as far as the price. On the right-hand side, it will show us the analyst ratings, so what the consensus is. Here we are kind of hold for the stock since they are pretty split up on this one, six cell, 14 hold and 14 by. A bit of a mixed bag there.
But we can see how many analysts have actually put in ratings for this particular company.
And then if we scroll down, we can see who those analysts are.
We can put in some cases a face to a name as well as we can learn a bit of information about these individuals.
If, for example, I want to know more about this particular analyst, I can click on their name and it will show me their win loss rating. Here's showing me 147 correct or wins as far as their ratings went versus 252 ratings altogether so they have a 58% success rating. We can also view their profile and if we view their profile is going to show us other companies that they cover and provide ratings on or we could follow the individual. So if we follow in analyst, we can actually go back here and go under research. Under markets and Analyst Centre. And when we get here, it will actually show us our followed analysts. So anyone that we've gone through and chosen to follow, it will show here, it will show us their success rating, what sectors they cover and we can go ahead and expand their profile here and see the different companies that they are covering on a regular basis and what the reason positions were. So it's definitely an interesting tool to use. The last piece I will say here is under this market Analyst Centre, can also see with the most recent ratings were.
If I click on her most recent, it showing me these are the ratings that were released today. These are hot off the press, if you will. A hot off the presses from these analysts, giving their opinion about these particular securities.
We can filter it if we want to look at a particular sector or market capitalization, Canada versus the US.
Any of those types of things. Maybe we only want to see five-star analysts, we could do that as well.
Lots of different things we can do as well as look at trending stocks, so ones that are kind of most covered by analysts and so these are the ones that are rated the most and is giving us a feel for what the street is saying about this particular security and where they think the price could go in the next 12 months.
>> Very interesting site. We are going to get back to your questions or Caitlin Cormier on how you can better utilize WebBroker platform in just a moment's 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 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.
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.
TD Direct Investing Index for the month of October has been released and MoneyTalk's Anthony Okolie has been going over the numbers and joins us with more.
>> Thanks, Greg.
The TD Direct Investing Index for the month of October has been released.
The big take away was that self-directed investor sentiment was bearish for the third month in a row.
Here are the details.
Let's start with the overall to need direct investing index which measures sentiment from 100 as Bellusci and -100 forebears. It's at -39 and down from last month and down from October of last month when sentiment was -26. When you look at the components which make up the DII, overall, the core proxies were all parish again and mostly down month over month.
Significantly, we saw four self-directed investors buying at the top of the market.
The proxy for buying at extremes or chasing stocks at 52-week highs was the lowest at -17, that sounds 10 points month over month which helped us to get more bearish.
A few key points that stood out.
First, financials remain the most negative sector for the third straight month. While technology emerged as the only positive sector. Secondly, most age groups were feeling negative about markets but Gen Z and Milennials, those born in 1981 and after, were by far the most optimistic bunch.
Sentiment for financials toppled nine points from October to -12. A notable strengthening and bond yields over the month put pressure on dividend paying entities like banks. The tech sector saw sentiment improved four points to +2.
Those heavily sold financial stocks last month included the Bank of Nova Scotia, Royal Bank, TD and CIBC. When you look at trading activity based on age, Gen Z and Milennials were the most positive was sentiment edging up to +1.
The most bought securities by Gen Z and Milennials last month included Tesla, TD Bank, Air Canada and energy giant Enbridge. Dr. TD Direct Investing highlights for October 2023. Back to you.
>> I was MoneyTalk's Anthony Okolie.
Now, for an update on the markets.
We are having a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing.
This is the heat map function, gives us a nice view of the market movers. Let's start with the TSX 60, screening by price and volume.
Another obsession for Shopify. We have seen a rally in tech stocks in the past couple of days but also Shopify recently reporting earnings and that set off the rally in the name. The street seem to like what they saw from that. MRU, however, Metro, if I have my tickers right, indeed I do, it's out about 7.6% this hour on the back of its latest earnings release. South of the border, a check in on the S&P 100.
There was a big rally yesterday. Today the producer price index came in and pulled back more on a monthly basis than was anticipated to get another sign of cooling inflationary pressures of the border. A bit more of a mix day in the markets. Seems to be really a story about a earnings.
TGT jumping out of the screen, this would be target, easily beating expectations on the bottom line and that stock is up to the tune of about 17%.
You can get more information on TD Advanced Dashboard by visiting TD.com/Advanced Dashboard.
We are back now with Caitlin Cormier from TD Direct Investing, taking your questions with the WebBroker platform.
Someone says okay, is there a spot on WebBroker to see the underlying securities within an index? You will talk about markets and this and that, but was actually in there?
>> Absolutely.
You just covered indices a moment ago. They are a tool that investors use or we use in general to see how the market is doing and understand the health of the market to compare against our portfolio, see how we are doing, are we beating the market or are we underperforming as well as ETFs can be based on those as well so lots of reasons to understand indices and know what they are.
What are the underlying stocks and indices? We hear about things like the S&P 500 and the TSX 60, one of those 500 or 60 stocks?
We can help rated to WebBroker and see this information.
Under research and markets, you will see indices as the second option.
This page will show us an overview of some different indices.
We will notice here on the left-hand side you've got different major indices listed. There is also sector indices, never forget that we can dial down a little bit deeper into a specific sector and see how that sector is performing. We also have Europe, emerging markets as well as specific that we can get into there.
But if we want to, for example, let's go back to the major indices, but if we want to know, let's do something a little smaller, like the TSX 60, if we want to know what companies are here, I'm going to go ahead and click on the name of that index and then when I'm going to go ahead and get this little screen here and I'm going to click on the button that says members.
Pretty straightforward. But that's literally going to list the 60 stocks around 60 stocks that are actually in that particular index.
You can see that these are kind of the biggest Canadian companies that make up the particular index. There are a couple of pages here and we also have some information about these companies.
Not only their names but we can get some additional information about maybe the last price, 52-week high and low, whether they pay a dividend. We can categorize them by performance.
Maybe we are looking at this in order to build something like a watchlist. Maybe we are looking to find some companies that we want to keep an eye on, especially we are looking at a specific sector, maybe we are looking to add something to our portfolio. So we want to do that, for example, we could go ahead and click on the company name and then when this little box pops up, we can click add to watchlist.
That's as easy as we can actually have for example these stocks added to a watchlist to keep track of them.
You can go back and do some additional research on them and potentially look at them as a buying opportunity in the future.
So lots that we can do with these indices.
>> Caitlin, it's been great having you. We have run out of time for questions.
Really enjoyed the time. I think the audience loved it a lot as well. Great to have you in the studio because we are used to seeing you all the time but not here.
It was an all-around pleasure to have you here.
>> Great to be here. Hopefully I answered some of those questions for the viewers and they are happy with them.
>> Will definitely be on the show soon. Another full show in the offing. Caitlin, thanks to Caitlin Cormier, client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
stay tuned, on Thursday, Andres Rincon, head of ETF sales and strategy with TD Securities will be our guest, taking your questions about exchange traded funds.
A reminder that you can get a head start with this question. Just email moneytalklive@td.com.
That's all the time we have for the show today. Thanks for watching. We will see you tomorrow.
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