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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, Hiren Amin from TD Direct Investing will join us. He wants to answer your questions about the Whataburger platform to better to put it to use. It MoneyTalk's Anthony Okolie will give us a preview of what to expect from this week's Federal Reserve rate decision.
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 to all that and our guest of the day, let's get you an update on the markets.
First trading day of the week.
Pretty cautious out there. It's a big week for tech earning south of the border, the Fed which we will talk about with Anthony and just a moment.
Not a lot happening on the market. 48 point to the downside for the TSX Composite Index, down about 1/4 of a percent. Oil is coming off a little bit.
Ever, world's largest property developer out of China being ordered to liquidate as some concerns of Chinese growth are playing into the oil trade. That's extrapolation when it comes to crude.
We will start with Leon's Furniture. It's an interesting story. They have approval to rezone the land around their headquarters in Toronto to build 4000 homes. Has some attention on the name.
At 20 bucks and $0.30 per share, it's up almost 6%. Noticing energy names under pressure. Nothing too dramatic. Baytex at four bucks and $0.26 per share, down a little more than 2%.
South of the border, it feels like a cautious environment. Ahead of the Fed, ahead of the tech behemoths reporting later in the week. You're up six points on the S&P 500, about 1/10 of a percent. The tech heavy NASDAQ, how is it sharing in this environment? A little more green on the screen, 40 points to the upside or 1/4 of a percent.
Intel this morning had overhangs from last week. Disappointing quarter and forecast.
Lost a lot of ground as you can see on the chart. Today, it's modestly under pressure. At 4331 per share. And that is your market update.
As we set off the top, it's gonna be another big week. We are going to get into the thick of earnings with some of the biggest tech names out there and we got the US Federal Reserve entering a two day meeting for their rate decision and it's all about the rate. Anthony Okolie joins us now. Let's start with the Fed.
>> This is the first one of the year.
We got inflation data last week. The core PC inflation index dropped below the 2% target, despite strong consumer spending in December. Both the three and six month annualized change in the order dropped 1.5% and 1.9% respectively.
We are seeing some movement in the right direction for inflation.
This comes after Q4 US GDP. Real GDP was pretty strong in the fourth quarter.
We ended 2023 on a solid note in the US, it surged 3.3% quarter over quarter on an annualized basis, smashing expectations for 2% gains.
These two components together add up to a Goldilocks scenario. We talked about that on Friday.
We are seeing strong growth and inflation, while still elevated, is trending lower.
It brings up the question of what will happen on Wednesday.
>> If you get the situation, the Goldilocks situation, the economy has held in, inflation is down, moving towards the 2% target, some might be asking, why isn't the Fed prepared to cut rates yet? That is not the expectation on Wednesday, that we will get a rate cut.
>> Markets are pricing in the first rate cut in May. That's Ray TD Securities sees the first rate cut. The Fed still needs to see inflation trending towards 2%. It is still elevated.
They are not confident. There are still some risk to the upside of inflation moving higher. We saw that stronger consumer spending which could represent some risk towards the upside in terms of inflation sparking up again.
It's unlikely they are going to cut this meeting, but people are looking towards perhaps May or summertime for potentially the first cut.
>> The Fed gets its moment in the sun on Wednesday. Through the week, beginning tomorrow, the tech behemoths, the big names that power the stock market rally last year, our reporting this week. What I'm most interested in, we know that Microsoft made the $3 trillion valuation club last week, based on the fact that they are seen as a leader on AI. These are the companies that I can imagine when we start getting those earnings reports, they have to be talking about AI.
>> AI was the big theme in 2023. It's likely to be the big theme in 2024.
The big tech names face a blockbuster, had a blockbuster year last year.
They have a high bar to face this year.
We get five of the Magnificent Seven big tech companies reporting, Microsoft, Alphabet, Amazon, Meta and Apple.
Investors are going to be focused on, AI is going to be a focus, but what are the real-world applications of this technology?
How are these companies going to monetize this technology? That's going to be the big question on investors mind.
>> That will be interesting. Thanks for that.
>> My pleasure.
>> MoneyTalk's Anthony Okolie.
Coming up, we are going to get your questions about the web broker platform.
Hiren Amin is going to join us. And a reminder that you can get in touch with us 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.
Amazon is walking away from its bid to acquire robot vacuum maker iRobot. The tech giant says that you companies mutually agreed to terminate the deal, saying there was no path to regulatory approval. IRobot, which makes the Roomba vacuum, says it will lay off some 30% of its workforce and its CEO is stepping down immediately.
Let's talk about Royal Caribbean having successfully launched what he calls the biggest, baddest ship on the planet. The Icon of the Seas, the largest cruise ship in the world, set sail from Miami over the weekend.
It cost $2 billion to make and is designed to run on liquefied natural gas and it can accommodate up to 7600 passengers.
It is a big boat.
Closer to home, Gildan Activewear will hold a special shareholders meeting on May 28, this is to vote on the fate of the clothing makers board. Investment firm Browning West looking to remove the majority of that board. This all follows after cofounder Glenn Chamandy was ousted from the top job in December and it set off some drama at Gildan.
Today at 4510, Gildan is up about half a percent. Quick check in on the markets. We will start on Bay Street with the TSX Composite Index.
We've got some downward pressure today.
The price of crude coming off a little bit. Maybe some concerns about the Chinese economy, the largest global property company in China was told to liquidate.
There could be questions about quantities in China.
A face of a percent in the whole. In the states, not a lot going on. We're upvote 1/10 of a percent on the S&P 500.
Let's get our featured guest of the day, Hiren Amin, senior client education instructor at TD Direct Investing. We will talk about the platform and how to better utilize it.
Welcome to the show.
>> Thank you, Greg.
>> Let's get to the questions right now.
We've got plenty.
Right off the hop, can I find historical stock PE, price-to-earnings, ratios on Webbroker?
>> You can. Let's talk about PE. In the opening remarks, we talked about getting into the sake of earnings season and this might come a little bit on the surface for investors who are looking for value on their stocks.
Price-to-earnings ratio is the fullest form of that ratio. What is it and why do we find? Let me hop into Webbroker first.
I'm going to use one of the Magnificent Seven.
That's going to be Apple.
I'm going to pull that up.
Once we pull up Apple, you're going to find the P/E ratio under the fundamentals tab.
We come down to the section over here, we can find this over here.
What exactly is it? The P/E ratio is taking the price of the current stock at the moment, right now, the stock is trading at 190 and change on Apple, and it's dividing it by its earnings-per-share.
This would have been as of the last quarter that it was released and you will find that EPS number located right over here.
Once you come up with that, you come up with this ratio and this is where investors will look towards this ratio to see whether something is relatively cheap according to maybe if you are comparing it against the industry or against its peers or is it trading at a premium value?
The question was, how can we see some of the historical numbers on this P/E ratio?
One way that you see it in the one that allows you to go the furthest back is using the charts, ironically.
We are going to come up onto our charts.
Within our charts, we are going to load up the lower indicators. We are going to scroll down to the bottom and find there is a P/E ratio option here for us.
At the same time, I'm going to load up a rolling EPS, which is what the numbers based off of. Once we chart back, we have a 10 year horizon. The values are located in the top right-hand corner.
You can see the various P/E ratios moving across time and how they have changed for Apple along with that EPS number.
The best spot I would say for someone who is looking for at least the historic number on PE, come to the chart, plotted out and scroll through time to see what it is.
>> A useful exercise. You mentioned about P/E ratios differing between companies.
You pick the tech name and you can compare them to their peers as well.
Sometimes, the tech industry, the price-to-earnings ratio can be a bit higher compared to say a financial company or others. You want to know it looks like stacked up against its peers.
>> Absolutely. I will take us onto Webbroker. It go to the fundamentals tab here.
You are absolutely right in the fact that different sectors are going to have different sort of averages when it comes to the PE. When we are doing these evaluations, we want to compare it against its direct competitors.
On this page, we can see the breakdown of the numbers. If we come over to the pier comparison, we can see which companies go head-to-head in the space that Apple is in.
When we come down to the price-to-earnings ratio, we can get a sense of where everyone is and what the industry average is.
It's very important when you look at this metric of evaluation that you look at this group of peers that they have as well as industry.
Another thing traders would do is to compare its own P/E ratio against its historical average.
Traders like to see the average of Apple might be mid 30 or high 40, then you could say just looking at the historical average based on the current one that the trade for the stock is trading at a discount or premium at this time.
>> It's like comparing apples to apples.
I couldn't resist the cheesy pun. I couldn't resist at all.
How can I set up a watchlist tool on Webbroker and Advanced Dashboard?
>> To do that, the quick way to access the watchlist tool on Webbroker is up here in the top right corner, we go to quotes and watchlist. You can see you have a number of different lists you can select. We already have a few started up here. If I go to the demo one, we can add a few different stocks in here.
You can add up to 10 different symbols in here.
Let's say this one is going to be a banks one.
Just type in the symbol. Easy as that.
It will bring up a smart search.
You can track stocks, mutual funds, derivative trading, indices.
We will go ahead and add one more, CIBC.
Within the watchlist, that's pretty much it for the set up.
You can also change between the views that you have when you are looking at the watchlist over here.
What I'm referring to is we can switch over to this fundamental view and that's going to give us the P/E ratios, the market cap, some dividend information related to that. But the other thing that web broker has is this tracker. You can actually input let's say you want to track your cost basis or let's say you want to consolidate all the shares he might have in various places. I can come in here and click on the quantity field and say 100 shares of RBC spread across different accounts and my average cost basis let's call it $80.
We can throw that in, hit save and what that's going to do is update the market value in book cost for us and that will reflect the gain and loss for us.
This is it for Webbroker.
You can add up to 10 symbols per list and you have a choice of adding up to 10 lists.
Let's switch gears and look at Advanced Dashboard.
I'm going to load up our Advanced Dashboard platform. Lo and behold what we have here, we have a watchlist tool pulled up here.
With advanced dashboard, some of the differences that you're going to find if you're not going to be limited to just 10 symbols. Let's make a new list and do the Magnificent Seven since that seems to be coming up in conversation today.
That's all we're gonna do.
We're going to type in the name. It's called Mag Seven or Magnificent Seven. To add the symbols, just start typing. You got Apple, Amazon, you just simply put it in. You can come to the bottom where it's as simple and type it in there. We will add Microsoft, we will add Meta, Google and then we will do the last two over here. It doesn't matter. And we can't finally Tesla and Nvidia. So that's it, simple as that. That's all we need to do to get those symbols cued in. Now, the other nice thing about using Advanced Dashboard is, first of all, you can arrange the views. I can customize this and make it whatever I want. Come up to this hamburger menu. We go to manage templates and I can use something as a base. We can go to Neo and call it whatever we want to. Call it demo and hit save. And you have a whole slew of these different data columns you can choose from. You can double-click or drag and drop it into the column on the right side.
I'm just going to add into in the interest of time. Then you close it and it's going to save it. If we go to our template, we can see the one we just set up that says demo. There you go, we've got that information on the stocks. Another neat feature about this one is that you can partition out the list.
I can go to a group and make a group.
Let's call this AI plays and hit save.
What I can do is drag some of the AI stocks in there.
Google and Amazon and Microsoft.
When I do that, I can section off my list.
So now you can set up these watchlist on Webbroker and Advanced Dashboard.
>> As always, make sure you do your own research before making any investment decisions. we are going to back your questions for Hiren Amin on how to get more out of the web broker platform in just a moment's time. And a reminder that you 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 Hiren Amin. We have a viewer saying they hold some US stock and need to liquidate to Canadian cash.
The viewer says it looks like I would have to pay between 2.83.2 percent in the exchange from US to Canadian cash. Is there a way to see a reduction of its interest rate?
>> I love this question, Greg. There's a bit of a misnomer behind this and I understand why because when it comes to converting cash or USD to Canadian and vice versa, we have traditionally gone to our banks and we've always had a few dollars skimmed off the top when that exchange tends to happen. One thing I will mention is with the Webbroker, you were going to get better exchange rate pricing.
It is tiered exchange rate pricing. I will demonstrate.
To do the exchange from USD to CAD, we are going to head to our accounts tab at the top.
Come to our tool under transfers. The first one is what we are going to click on.
Before I do that, I want to just give our viewers a reference to you what the exchange rate is. You might have to do some calculations.
I'm just going to pull up a calculator here.
You can see the USD to CAD rate, 73.82 cents, in other words it might be 1.34 and change. I don't have the exact number but close enough.
We go back to our tool over here. Let's say we want to do that switch. We are going to choose the US account. Our demo one which is a margin account, and switch it to a Canadian account.
You can see, let's say you want to do a transfer of 10,000 US and convert it to CAD. Simple as that.
On the next page will be presented with the rate.
The viewer mentioned high rates. On the lowest end, when you are converting a small amount and you do get incrementally better pricing with better volume as you can transfer, this is about a let's call it a 150 basis points at the moment at this value.
Let's go back for a second and do another amount of 50,000.
Now we will see, let's see if that improves it.
You can see now that were under 100 basis points away from the Spock rate which is what we call it in the market. Keep in mind that whenever you trade currency pairs and like with many other investing products, you are always going to have a bid and ask between the actual rate itself not so different with the currencies as well.
The only difference with currencies for us is that the higher the volume transfer, the better the rate gets or improves. If we do it one more time at the hundred thousand level, you can see we are almost just under 50 or let's call it 40 basis points away from the rate that I expected to be.
For those who are looking to convert, the Webbroker account is always going to offer you a better exchange rate than the bank account. It is lower than what we might expect.
There is still that spreads it's going to be taken and it's going to be more competitive one.
The last one I will mention, Greg, this one may not be as intuitive for many traders is, and I'm going to tell you about it.
Let's say this investor had a US stock and let's say this US stock also trades and dual markets, meaning its trading in both the US markets as well as the Canadian markets.
One thing they could also do to save on the exchange rate is they can transfer that stock from the US account into their Canadian account. Keep in mind, this is only if the stock trades in both markets.
An example would be a lot of our bank stocks or telecom stocks, some of our utility stocks trade in both markets.
When you do that and you bring it back to the Canadian account and you would do the transfer just on the screen that were in, moving from the US to the Canadian, we don't have any securities, you would then wait, once incident Canadian account, you would sell it on the Canadian market and you would get your Canadian dollars at very much close to the spot rate at that time they are going to find there.
Those are two ways that I would say you can do this and save yourself a little bit of money on the exchange rate.
>> Interesting stuff. I didn't know that.
Let's get to another audience question.
We have a viewer saying, if I need to part cash as I wait for an investment opportunity, how can I search for products that will be relatively safe and also provide ample liquidity?
On the platform, we cannot give you advice or declare an investment to be safe or not safe but if you are looking to be in cash for a while, how do you search for those cash or cash equivalent products on the platform?
>> This is one that garnered a lot of attention recently especially with the interest rate environment we are in.
A lot of traders will tend to keep cash on the sideline to wait for those opportunities.
Very valid question. What we are going to do is start with our screeners tool.
Under our research tab, we are going to head over to the tools section and we are going to head over to screeners.
Now, usually, these products where you can part cash are going to be money market funds or what we call HISAs.
That stands for a high interest savings account.
It's not your traditional run-of-the-mill savings account. It structured as an investment product.
Let me come into our green screen section over here and we are going to keep it very broad-based for some consideration for our viewers. First off, we already have our country selection opened up. We want to make sure it's Canadian issues are looking at. Then we are going to load up our fund category.
Under the fund category, we are going to go down to, it's alphabetically organized, we are going to look for something that says Canadian money market.
Located right here. Once you have Canadian money market loaded up, you are going to find a mixed bag of both ETFs as well as mutual funds if you choose to include those. In this case, we are, because a lot of money market funds are going to be structured as mutual funds.
Let's look at the matches and talk about the difference between the two.
What is money market and what is HISA? You are going to see one that's high interest savings fund or high interest savings account. Both of them are relatively safe.
But money market funds typically invest in certain fixed income products like bonds, government T-bills and they might have some in cash. They are investing in fixed income securities of a very secure nature with strong credit quality.
These will earn you it near or close to interest rates in the current environment.
By the same token, what are high interest savings account? The name speaks for itself.
It is just like that. These funds will take investors dollars and put them in different banking institutions in their savings account products and earn you interest off of them.
Because they deal with such large volumes, they can get you rates that are posted at five or 6% level that we are seeing those prime rate sitting at. This is the way you can sift through what you wanted to look at.
If you're wondering what is the exact deal on this product, come into the summary tab.
You can sort by the yield.
You can see right now if I do the sorting function, you can see how they are sorted and a lot of these ETFs which are the high interest rate savings ETFs are going to be floating at the top and then you have your money market. If you are deciding which one should I go for with the money market versus the ETF, here are some things for traders to consider.
With most of these money market funds, they are going to be structured as mutual funds by and large.
Usually, there's not going to be any sort of cost to these to get into the fund as well as to liquidate out of the fund, so consider that in keep that in mind.
The settlement is going to be a little bit less, takes a little bit longer than an ETF, traditionally, so usually these are going to be one day settlement where you sell it and get the cash the next day.
With these high interest rate savings ETFs, they are going to cost you commissions to enter into and out of them.
Depending on the term you have with them, that something you want to take into account.
Also, they offer improved liquidity when compared to money market funds such as mutual funds because they trade on an exchange and you can buy and sell them like a stock, right away.
If you wanted to pull up more information on a product, let's say we pull up this one called HISA, we can click on it and go to the summary page right here and you will find tomorrow details at the issue were and what they invest in. If you come over here, this one doesn't have holdings information but most of them are going to have the holdings information. It will tell you it's how the various different banking institutions. Those are some options for us to consider as traders when you're looking to park some cash aside but keep those cons in mind when you're investing your dollars and there.
>> Interesting stuff.
Another question.
As earnings season is gearing up, if you want to know if they can see when the earnings release will be and what the street estimate might be?
>> One place to start, if you want to have a broad read of what's coming up without specifics, head over to our research tab.
Under the market section, we can come to where it says events.
This is going to open up a number of different things for us. It summarizes according to the day that we are in, today. You land on the highlights page over here.
One thing we can do is separate or segregate between our Canadian and US markets. Let's which over the flag and click on the US flag for a second. We want to look at the US information. Highlights that we see today. If we want to see detailed view, there's at habits as earnings announcements and this will bring up a whole slew of various stocks that are going to be on the US markets that are reporting today.
If we continue clicking on the calendar, we can see the tomorrow is going to be a big day for all of those tech companies so we can have a look over here. We talked about seeing not only the earnings but the streets estimates on those numbers, so those EPS numbers is essentially what they are coming up with. You can see Microsoft, Google, one of the big names coming up for tomorrow. You can see Microsoft's estimate on the street, 278 compared to the previous year. Now, if you wanted to see some more historical information, you can also pull of the trigger itself. This going to Microsoft and click on the quote card and open up the overview page.
Within the overview page, there are two spots.
One, we can still go back to events to see this detailed view of their previous historical numbers that have been released but we can also come to this earnings page over here and within this earnings page, what this does, it will allow investors to see not only this upcoming project estimate but also the rest of the year.
You can see on this page, this is 278, it will give you a breakdown of that 278, the standard deviation, the previous meeting, the high and low estimate between the different analysts and there are 33 analysts covering Microsoft that this information is garnered from. Then you can see kind of the rest of the year with those numbers are going to look like to really set it up. Final thing is if you really wanted to dive into why analysts are giving this EPS, where they are projecting these estimates to be, one place you could look at is the analyst report section. That's going to give you a bit more commentary in colour as to why these numbers are the way that they are.
Those are the two spots I would say definitely to go ahead and look at and be able to engage some of those numbers.
>> Great stuff. We will get back to your questions for Hiren Amin on how to get more out of the 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 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 having a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing. This is the heat map function which allows us to get a view of the market movers.
We are going to start the TSX 60, screening by price and volume.
It's a bit of a mixed bag out there to the upside and not a lot of drama in terms of percentage moves but to the upside we do have Cameco, uranium play, up a little more than 1%. Strong start the year for Danistan and Cameco, uranium place. It's an Shabbir in recent sessions.
Modest downward pressure among some of the big oil and gas names. The price of crude doesn't know whether to be up on Middle East tensions heading into today's trade or down on concerns about China's property sector and what's happening with the court order for Evergrande to liquidate. Push and pull there.
Shopify up about a percent. Not a lot of drama.
Makes picture in the materials bucket to with the minors. South of the border, you do have the US Federal Reserve entering its Tuesday meeting tomorrow meaning they come out Wednesday afternoon with her rate decision.
Not a lot of expectation of a movement from the bank.
It'll all be about the path that they see for the market which thinks that our central bank and the Fed will be in a position in the spring or early summer to start cutting rates. Ahead of that, would we have? Tesla making up some of the ground that it was losing last week, up to and 1/2%. The big tech names which will be reporting, I think Microsoft is going to kick it off tomorrow.
Right now, it's a bit of a mixed bag.
Microsoft is up about 1%.
It entered the $3 billion market Club last week.
What is the tech sector have coming up for us?
You can get more information on TD Advanced Dashboard by visiting TD.com/Advanced Dashboard.
We are back with Hiren Amin from TD Direct Investing talking about how to better utilize the WebBroker platform.
What resources are available to help me prepare for tax season?
>> Absolutely. There are a number of resources that we can highlight.
This the time to look at that because you start seeing some of those documents trickling in. The first place and I'm going to take everyone to is our tech centre.
To access that, that's going to come up at the top over here under the accounts tab and under the self-service section, you can see there is the tax information sector. When you click on that, this is your one-stop shop to find any FAQs related to tax.
Let's say tax filing dates, we want to find out what are the key dates I need to be aware of?
I click on that and if I do, it gives me all the guidelines that I need to keep in mind for the various things that are coming up, what are the different tax forms that are going to come out and a brief description about it. It's a fantastic place. If you go back, you can peruse through it and have a look at various pages on here and find some information related to it.
Definitely do check that out.
Let's load up the screen.
A lot of your questions will be answered right on this page. I encourage everyone to come here.
The other thing I will also mention is let's go back to WebBroker and step in there for a second.
Within WebBroker, we will take you to the document centre.
You can click on the highlight of the top where you can see your icon.
Then, we are going to go to documents, eServices.
One of the things to do is keep up-to-date with your documents.
The best way to do that is to have it set up for online delivery if you prefer that.
You can make the switch anytime under delivery preferences and choose switch those tax documents to online.
One advantage is not only will you be saving trees and paper, you will also be able to get notifications whenever a new tax documents get uploaded to WebBroker for you to access which is key.
I've always been someone who relied on paper for my taxes.
One year I remember I missed a couple and lo and behold, I got audited and called out for it.
Not a good story out of that one. But I learned my lesson but that's just incentive to get those things timely.
Viewers have an option of switching into and out of it back to mail if you prefer.
To access those documents once it set up online, head over to our tax documents tab. You can separated if you have multiple accounts that you own.
You're also going to get up to seven years worth of history stored on here for you.
That's another advantage of having it online.
You can go in toggle and sift through a number of different years.
He goes back as far as 2017.
Pull up any document that I need.
If you make the switch into online anytime when you were previously getting it by mail, you will get all previous historical information uploaded for you in digital form.
So do check this out.
The lesson I will mention is if I'm not so familiar with tax lingo, it's a big consideration for a lot of traders. I will start with the learning centre and show you some resources.
The first one I'm going to take everyone to is the master classes. These are life, instructor led classes with my colleagues.
From time to time, I run some of these.
The ones you want to look for, we teach a number of different topics. Whenever tax season starts, we have a tax considerations master class delivered by a live education instructor that can answer your questions about that. I highly encourage it.
There is one coming up this Friday at 11 AM if you want to join. Just click on the card and I already registered for myself.
You can just simply register and you will get the details sent to you by email on when the class is going to run and how to join it. Check this out and look for those.
We have those throughout the season that leading up into tax filing.
The other thing I can show you going back to the learning page over here is some of the video resources that we have here, if I click on video lessons, one thing I always say is when you are considering doing investing, gains and losses are nice but it's important to think about tax efficiency about your investments.
We have a number of resources to help with that. Go to filters and go to the category that says how to invest and select manage taxes and apply the filters.
You are going to be brought into contact with a slew of content to consume. How to maximize your RRSPs, boosting RSP strategy. The deadlines coming up and they still some time. Maybe this is worth a look. Five tax mistakes to avoid. This is just to name a few. We bring in different industry experts. Then we have some short content form videos if you just want to learn about some things real quick, you can look at our video lessons which are 5 to 6 minutes in range usually, good for a commute if you want to watch that on your way to work.
They have it. You got three different resources to check and help our investors with tax season coming up.
>> A lot of resources that the people are going to need in the coming weeks as they start getting those forms and realize it's tax season.
We are going to squeeze in one more question before the end of the show. This quite a lot more volatility in stocks when they record their earnings, so they want to know if there's any way they can participate in training the shares outside of regular market hours.
There are companies that report before the bell and after the bell, let's walk through after and before hours trading.
>> For good reason. The short answer is you absolutely can.
We call this post market or premarket trading so you do have access and the ability to do that. There are a few rules in place that viewers need to be aware of and what the requirements are.
First and foremost, much to the chagrin of our viewers it might be that Canadian markets, you won't have access to doing pre-and post market trading, unfortunately.
It's not a feature of it. Hopefully sometime down the line, I have my fingers crossed that will be introduced. For US securities that trade on the major exchanges, we are talking mainly stocks and ETFs, you will be able to have access to trading those pre-and post market trade.
To do that, let's start by opening our order ticket.
You want to select the right account that you would like to place the trade in.
One of the other rules is it's only for stocks and ETFs that are listed on the major exchanges. Penny stocks, those will be available.
Anything on the Pink sheets or OTC markets, those are not going to be available.
It's limited to those and by and large that is going to be most of the names the traders will use.
When it comes to selecting, let's use Apple as our example since we started off with that today.
The trade inputs, what are you going to do have access to those hours?
The main thing you want to do is let's say I want to trade and chairs, it's the price type. The only order type they gets accepted for these orders is going to be a limit order.
You have to put in the price that you want and you can see the live bid and ask price in those hours and we stick in a price that we want.
Let's say Apple… We want to pick it up for an even 190 if we can.
The most important pieces the good till timeframe.
Day plus Ext markets. This is only going to show it provided you have selected limit order. Once we select this, it means that it's going to give us entire coverage for the day for the regular session up until 4 PM and then it's going to give us access to the extended markets. Whenever you place this order, it's the full range of the time when you place it. One thing I did think about is one of the hours? When do I get access to trading this? For DIY investors or TD Direct Investing, you are going to get access to the premarket as early as 8 AM Eastern time which is when they open up and orders will go live to the exchanges. The premarket runs up until about 920. What happens in the 10 minute gap between 920 and 930? That's when market makers and exchanges are getting their books in order for the 930 open.
It's kind of a freeze. You can send in orders but it will only be cued in during the regular session at 930.
After the 4 PM close of the regular session, we have a post market session that runs from 4 to 7 PM Eastern time which is what our TD Direct Investing errors have access to. You can have access to those hours when you are trading these products. Keep in mind, word of caution, during these extended hours session, we tend to see liquidity dry up. There's not a whole lot of volume that happens and what comes along with that is volatility in price, you are going to see larger bid and ask price. Because you are doing limit orders, you might have to keep adjusting your price to get it filled as the prices moving. You pay attention to that when you are trading these products. They can move pretty quickly on you.
And you might get not favourable pricing submitting orders during the session.
That's the way to do it. Market season is coming up and especially with a lot of those premarket announcements, most of them happen after you want to capitalize on some moves, this is a way you can potentially do that.
>> Always great to have you on the program, always great information.
I know the audience enjoyed it. I look forward to the next one.
>> My pleasure. I look forward to our next show.
>> Our thanks to Hiren Amin, Senior client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
and if we didn't answer your question today about the WebBroker platform, we will get it in to future education segment.
He wants to stay tuned for tomorrow show.
James Hunter, VP portfolio manager at TD Asset Management will be our guest.
He wants to take your questions about preferred shares.
You can get a Headstart with your questions.
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, Hiren Amin from TD Direct Investing will join us. He wants to answer your questions about the Whataburger platform to better to put it to use. It MoneyTalk's Anthony Okolie will give us a preview of what to expect from this week's Federal Reserve rate decision.
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 to all that and our guest of the day, let's get you an update on the markets.
First trading day of the week.
Pretty cautious out there. It's a big week for tech earning south of the border, the Fed which we will talk about with Anthony and just a moment.
Not a lot happening on the market. 48 point to the downside for the TSX Composite Index, down about 1/4 of a percent. Oil is coming off a little bit.
Ever, world's largest property developer out of China being ordered to liquidate as some concerns of Chinese growth are playing into the oil trade. That's extrapolation when it comes to crude.
We will start with Leon's Furniture. It's an interesting story. They have approval to rezone the land around their headquarters in Toronto to build 4000 homes. Has some attention on the name.
At 20 bucks and $0.30 per share, it's up almost 6%. Noticing energy names under pressure. Nothing too dramatic. Baytex at four bucks and $0.26 per share, down a little more than 2%.
South of the border, it feels like a cautious environment. Ahead of the Fed, ahead of the tech behemoths reporting later in the week. You're up six points on the S&P 500, about 1/10 of a percent. The tech heavy NASDAQ, how is it sharing in this environment? A little more green on the screen, 40 points to the upside or 1/4 of a percent.
Intel this morning had overhangs from last week. Disappointing quarter and forecast.
Lost a lot of ground as you can see on the chart. Today, it's modestly under pressure. At 4331 per share. And that is your market update.
As we set off the top, it's gonna be another big week. We are going to get into the thick of earnings with some of the biggest tech names out there and we got the US Federal Reserve entering a two day meeting for their rate decision and it's all about the rate. Anthony Okolie joins us now. Let's start with the Fed.
>> This is the first one of the year.
We got inflation data last week. The core PC inflation index dropped below the 2% target, despite strong consumer spending in December. Both the three and six month annualized change in the order dropped 1.5% and 1.9% respectively.
We are seeing some movement in the right direction for inflation.
This comes after Q4 US GDP. Real GDP was pretty strong in the fourth quarter.
We ended 2023 on a solid note in the US, it surged 3.3% quarter over quarter on an annualized basis, smashing expectations for 2% gains.
These two components together add up to a Goldilocks scenario. We talked about that on Friday.
We are seeing strong growth and inflation, while still elevated, is trending lower.
It brings up the question of what will happen on Wednesday.
>> If you get the situation, the Goldilocks situation, the economy has held in, inflation is down, moving towards the 2% target, some might be asking, why isn't the Fed prepared to cut rates yet? That is not the expectation on Wednesday, that we will get a rate cut.
>> Markets are pricing in the first rate cut in May. That's Ray TD Securities sees the first rate cut. The Fed still needs to see inflation trending towards 2%. It is still elevated.
They are not confident. There are still some risk to the upside of inflation moving higher. We saw that stronger consumer spending which could represent some risk towards the upside in terms of inflation sparking up again.
It's unlikely they are going to cut this meeting, but people are looking towards perhaps May or summertime for potentially the first cut.
>> The Fed gets its moment in the sun on Wednesday. Through the week, beginning tomorrow, the tech behemoths, the big names that power the stock market rally last year, our reporting this week. What I'm most interested in, we know that Microsoft made the $3 trillion valuation club last week, based on the fact that they are seen as a leader on AI. These are the companies that I can imagine when we start getting those earnings reports, they have to be talking about AI.
>> AI was the big theme in 2023. It's likely to be the big theme in 2024.
The big tech names face a blockbuster, had a blockbuster year last year.
They have a high bar to face this year.
We get five of the Magnificent Seven big tech companies reporting, Microsoft, Alphabet, Amazon, Meta and Apple.
Investors are going to be focused on, AI is going to be a focus, but what are the real-world applications of this technology?
How are these companies going to monetize this technology? That's going to be the big question on investors mind.
>> That will be interesting. Thanks for that.
>> My pleasure.
>> MoneyTalk's Anthony Okolie.
Coming up, we are going to get your questions about the web broker platform.
Hiren Amin is going to join us. And a reminder that you can get in touch with us 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.
Amazon is walking away from its bid to acquire robot vacuum maker iRobot. The tech giant says that you companies mutually agreed to terminate the deal, saying there was no path to regulatory approval. IRobot, which makes the Roomba vacuum, says it will lay off some 30% of its workforce and its CEO is stepping down immediately.
Let's talk about Royal Caribbean having successfully launched what he calls the biggest, baddest ship on the planet. The Icon of the Seas, the largest cruise ship in the world, set sail from Miami over the weekend.
It cost $2 billion to make and is designed to run on liquefied natural gas and it can accommodate up to 7600 passengers.
It is a big boat.
Closer to home, Gildan Activewear will hold a special shareholders meeting on May 28, this is to vote on the fate of the clothing makers board. Investment firm Browning West looking to remove the majority of that board. This all follows after cofounder Glenn Chamandy was ousted from the top job in December and it set off some drama at Gildan.
Today at 4510, Gildan is up about half a percent. Quick check in on the markets. We will start on Bay Street with the TSX Composite Index.
We've got some downward pressure today.
The price of crude coming off a little bit. Maybe some concerns about the Chinese economy, the largest global property company in China was told to liquidate.
There could be questions about quantities in China.
A face of a percent in the whole. In the states, not a lot going on. We're upvote 1/10 of a percent on the S&P 500.
Let's get our featured guest of the day, Hiren Amin, senior client education instructor at TD Direct Investing. We will talk about the platform and how to better utilize it.
Welcome to the show.
>> Thank you, Greg.
>> Let's get to the questions right now.
We've got plenty.
Right off the hop, can I find historical stock PE, price-to-earnings, ratios on Webbroker?
>> You can. Let's talk about PE. In the opening remarks, we talked about getting into the sake of earnings season and this might come a little bit on the surface for investors who are looking for value on their stocks.
Price-to-earnings ratio is the fullest form of that ratio. What is it and why do we find? Let me hop into Webbroker first.
I'm going to use one of the Magnificent Seven.
That's going to be Apple.
I'm going to pull that up.
Once we pull up Apple, you're going to find the P/E ratio under the fundamentals tab.
We come down to the section over here, we can find this over here.
What exactly is it? The P/E ratio is taking the price of the current stock at the moment, right now, the stock is trading at 190 and change on Apple, and it's dividing it by its earnings-per-share.
This would have been as of the last quarter that it was released and you will find that EPS number located right over here.
Once you come up with that, you come up with this ratio and this is where investors will look towards this ratio to see whether something is relatively cheap according to maybe if you are comparing it against the industry or against its peers or is it trading at a premium value?
The question was, how can we see some of the historical numbers on this P/E ratio?
One way that you see it in the one that allows you to go the furthest back is using the charts, ironically.
We are going to come up onto our charts.
Within our charts, we are going to load up the lower indicators. We are going to scroll down to the bottom and find there is a P/E ratio option here for us.
At the same time, I'm going to load up a rolling EPS, which is what the numbers based off of. Once we chart back, we have a 10 year horizon. The values are located in the top right-hand corner.
You can see the various P/E ratios moving across time and how they have changed for Apple along with that EPS number.
The best spot I would say for someone who is looking for at least the historic number on PE, come to the chart, plotted out and scroll through time to see what it is.
>> A useful exercise. You mentioned about P/E ratios differing between companies.
You pick the tech name and you can compare them to their peers as well.
Sometimes, the tech industry, the price-to-earnings ratio can be a bit higher compared to say a financial company or others. You want to know it looks like stacked up against its peers.
>> Absolutely. I will take us onto Webbroker. It go to the fundamentals tab here.
You are absolutely right in the fact that different sectors are going to have different sort of averages when it comes to the PE. When we are doing these evaluations, we want to compare it against its direct competitors.
On this page, we can see the breakdown of the numbers. If we come over to the pier comparison, we can see which companies go head-to-head in the space that Apple is in.
When we come down to the price-to-earnings ratio, we can get a sense of where everyone is and what the industry average is.
It's very important when you look at this metric of evaluation that you look at this group of peers that they have as well as industry.
Another thing traders would do is to compare its own P/E ratio against its historical average.
Traders like to see the average of Apple might be mid 30 or high 40, then you could say just looking at the historical average based on the current one that the trade for the stock is trading at a discount or premium at this time.
>> It's like comparing apples to apples.
I couldn't resist the cheesy pun. I couldn't resist at all.
How can I set up a watchlist tool on Webbroker and Advanced Dashboard?
>> To do that, the quick way to access the watchlist tool on Webbroker is up here in the top right corner, we go to quotes and watchlist. You can see you have a number of different lists you can select. We already have a few started up here. If I go to the demo one, we can add a few different stocks in here.
You can add up to 10 different symbols in here.
Let's say this one is going to be a banks one.
Just type in the symbol. Easy as that.
It will bring up a smart search.
You can track stocks, mutual funds, derivative trading, indices.
We will go ahead and add one more, CIBC.
Within the watchlist, that's pretty much it for the set up.
You can also change between the views that you have when you are looking at the watchlist over here.
What I'm referring to is we can switch over to this fundamental view and that's going to give us the P/E ratios, the market cap, some dividend information related to that. But the other thing that web broker has is this tracker. You can actually input let's say you want to track your cost basis or let's say you want to consolidate all the shares he might have in various places. I can come in here and click on the quantity field and say 100 shares of RBC spread across different accounts and my average cost basis let's call it $80.
We can throw that in, hit save and what that's going to do is update the market value in book cost for us and that will reflect the gain and loss for us.
This is it for Webbroker.
You can add up to 10 symbols per list and you have a choice of adding up to 10 lists.
Let's switch gears and look at Advanced Dashboard.
I'm going to load up our Advanced Dashboard platform. Lo and behold what we have here, we have a watchlist tool pulled up here.
With advanced dashboard, some of the differences that you're going to find if you're not going to be limited to just 10 symbols. Let's make a new list and do the Magnificent Seven since that seems to be coming up in conversation today.
That's all we're gonna do.
We're going to type in the name. It's called Mag Seven or Magnificent Seven. To add the symbols, just start typing. You got Apple, Amazon, you just simply put it in. You can come to the bottom where it's as simple and type it in there. We will add Microsoft, we will add Meta, Google and then we will do the last two over here. It doesn't matter. And we can't finally Tesla and Nvidia. So that's it, simple as that. That's all we need to do to get those symbols cued in. Now, the other nice thing about using Advanced Dashboard is, first of all, you can arrange the views. I can customize this and make it whatever I want. Come up to this hamburger menu. We go to manage templates and I can use something as a base. We can go to Neo and call it whatever we want to. Call it demo and hit save. And you have a whole slew of these different data columns you can choose from. You can double-click or drag and drop it into the column on the right side.
I'm just going to add into in the interest of time. Then you close it and it's going to save it. If we go to our template, we can see the one we just set up that says demo. There you go, we've got that information on the stocks. Another neat feature about this one is that you can partition out the list.
I can go to a group and make a group.
Let's call this AI plays and hit save.
What I can do is drag some of the AI stocks in there.
Google and Amazon and Microsoft.
When I do that, I can section off my list.
So now you can set up these watchlist on Webbroker and Advanced Dashboard.
>> As always, make sure you do your own research before making any investment decisions. we are going to back your questions for Hiren Amin on how to get more out of the web broker platform in just a moment's time. And a reminder that you 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 Hiren Amin. We have a viewer saying they hold some US stock and need to liquidate to Canadian cash.
The viewer says it looks like I would have to pay between 2.83.2 percent in the exchange from US to Canadian cash. Is there a way to see a reduction of its interest rate?
>> I love this question, Greg. There's a bit of a misnomer behind this and I understand why because when it comes to converting cash or USD to Canadian and vice versa, we have traditionally gone to our banks and we've always had a few dollars skimmed off the top when that exchange tends to happen. One thing I will mention is with the Webbroker, you were going to get better exchange rate pricing.
It is tiered exchange rate pricing. I will demonstrate.
To do the exchange from USD to CAD, we are going to head to our accounts tab at the top.
Come to our tool under transfers. The first one is what we are going to click on.
Before I do that, I want to just give our viewers a reference to you what the exchange rate is. You might have to do some calculations.
I'm just going to pull up a calculator here.
You can see the USD to CAD rate, 73.82 cents, in other words it might be 1.34 and change. I don't have the exact number but close enough.
We go back to our tool over here. Let's say we want to do that switch. We are going to choose the US account. Our demo one which is a margin account, and switch it to a Canadian account.
You can see, let's say you want to do a transfer of 10,000 US and convert it to CAD. Simple as that.
On the next page will be presented with the rate.
The viewer mentioned high rates. On the lowest end, when you are converting a small amount and you do get incrementally better pricing with better volume as you can transfer, this is about a let's call it a 150 basis points at the moment at this value.
Let's go back for a second and do another amount of 50,000.
Now we will see, let's see if that improves it.
You can see now that were under 100 basis points away from the Spock rate which is what we call it in the market. Keep in mind that whenever you trade currency pairs and like with many other investing products, you are always going to have a bid and ask between the actual rate itself not so different with the currencies as well.
The only difference with currencies for us is that the higher the volume transfer, the better the rate gets or improves. If we do it one more time at the hundred thousand level, you can see we are almost just under 50 or let's call it 40 basis points away from the rate that I expected to be.
For those who are looking to convert, the Webbroker account is always going to offer you a better exchange rate than the bank account. It is lower than what we might expect.
There is still that spreads it's going to be taken and it's going to be more competitive one.
The last one I will mention, Greg, this one may not be as intuitive for many traders is, and I'm going to tell you about it.
Let's say this investor had a US stock and let's say this US stock also trades and dual markets, meaning its trading in both the US markets as well as the Canadian markets.
One thing they could also do to save on the exchange rate is they can transfer that stock from the US account into their Canadian account. Keep in mind, this is only if the stock trades in both markets.
An example would be a lot of our bank stocks or telecom stocks, some of our utility stocks trade in both markets.
When you do that and you bring it back to the Canadian account and you would do the transfer just on the screen that were in, moving from the US to the Canadian, we don't have any securities, you would then wait, once incident Canadian account, you would sell it on the Canadian market and you would get your Canadian dollars at very much close to the spot rate at that time they are going to find there.
Those are two ways that I would say you can do this and save yourself a little bit of money on the exchange rate.
>> Interesting stuff. I didn't know that.
Let's get to another audience question.
We have a viewer saying, if I need to part cash as I wait for an investment opportunity, how can I search for products that will be relatively safe and also provide ample liquidity?
On the platform, we cannot give you advice or declare an investment to be safe or not safe but if you are looking to be in cash for a while, how do you search for those cash or cash equivalent products on the platform?
>> This is one that garnered a lot of attention recently especially with the interest rate environment we are in.
A lot of traders will tend to keep cash on the sideline to wait for those opportunities.
Very valid question. What we are going to do is start with our screeners tool.
Under our research tab, we are going to head over to the tools section and we are going to head over to screeners.
Now, usually, these products where you can part cash are going to be money market funds or what we call HISAs.
That stands for a high interest savings account.
It's not your traditional run-of-the-mill savings account. It structured as an investment product.
Let me come into our green screen section over here and we are going to keep it very broad-based for some consideration for our viewers. First off, we already have our country selection opened up. We want to make sure it's Canadian issues are looking at. Then we are going to load up our fund category.
Under the fund category, we are going to go down to, it's alphabetically organized, we are going to look for something that says Canadian money market.
Located right here. Once you have Canadian money market loaded up, you are going to find a mixed bag of both ETFs as well as mutual funds if you choose to include those. In this case, we are, because a lot of money market funds are going to be structured as mutual funds.
Let's look at the matches and talk about the difference between the two.
What is money market and what is HISA? You are going to see one that's high interest savings fund or high interest savings account. Both of them are relatively safe.
But money market funds typically invest in certain fixed income products like bonds, government T-bills and they might have some in cash. They are investing in fixed income securities of a very secure nature with strong credit quality.
These will earn you it near or close to interest rates in the current environment.
By the same token, what are high interest savings account? The name speaks for itself.
It is just like that. These funds will take investors dollars and put them in different banking institutions in their savings account products and earn you interest off of them.
Because they deal with such large volumes, they can get you rates that are posted at five or 6% level that we are seeing those prime rate sitting at. This is the way you can sift through what you wanted to look at.
If you're wondering what is the exact deal on this product, come into the summary tab.
You can sort by the yield.
You can see right now if I do the sorting function, you can see how they are sorted and a lot of these ETFs which are the high interest rate savings ETFs are going to be floating at the top and then you have your money market. If you are deciding which one should I go for with the money market versus the ETF, here are some things for traders to consider.
With most of these money market funds, they are going to be structured as mutual funds by and large.
Usually, there's not going to be any sort of cost to these to get into the fund as well as to liquidate out of the fund, so consider that in keep that in mind.
The settlement is going to be a little bit less, takes a little bit longer than an ETF, traditionally, so usually these are going to be one day settlement where you sell it and get the cash the next day.
With these high interest rate savings ETFs, they are going to cost you commissions to enter into and out of them.
Depending on the term you have with them, that something you want to take into account.
Also, they offer improved liquidity when compared to money market funds such as mutual funds because they trade on an exchange and you can buy and sell them like a stock, right away.
If you wanted to pull up more information on a product, let's say we pull up this one called HISA, we can click on it and go to the summary page right here and you will find tomorrow details at the issue were and what they invest in. If you come over here, this one doesn't have holdings information but most of them are going to have the holdings information. It will tell you it's how the various different banking institutions. Those are some options for us to consider as traders when you're looking to park some cash aside but keep those cons in mind when you're investing your dollars and there.
>> Interesting stuff.
Another question.
As earnings season is gearing up, if you want to know if they can see when the earnings release will be and what the street estimate might be?
>> One place to start, if you want to have a broad read of what's coming up without specifics, head over to our research tab.
Under the market section, we can come to where it says events.
This is going to open up a number of different things for us. It summarizes according to the day that we are in, today. You land on the highlights page over here.
One thing we can do is separate or segregate between our Canadian and US markets. Let's which over the flag and click on the US flag for a second. We want to look at the US information. Highlights that we see today. If we want to see detailed view, there's at habits as earnings announcements and this will bring up a whole slew of various stocks that are going to be on the US markets that are reporting today.
If we continue clicking on the calendar, we can see the tomorrow is going to be a big day for all of those tech companies so we can have a look over here. We talked about seeing not only the earnings but the streets estimates on those numbers, so those EPS numbers is essentially what they are coming up with. You can see Microsoft, Google, one of the big names coming up for tomorrow. You can see Microsoft's estimate on the street, 278 compared to the previous year. Now, if you wanted to see some more historical information, you can also pull of the trigger itself. This going to Microsoft and click on the quote card and open up the overview page.
Within the overview page, there are two spots.
One, we can still go back to events to see this detailed view of their previous historical numbers that have been released but we can also come to this earnings page over here and within this earnings page, what this does, it will allow investors to see not only this upcoming project estimate but also the rest of the year.
You can see on this page, this is 278, it will give you a breakdown of that 278, the standard deviation, the previous meeting, the high and low estimate between the different analysts and there are 33 analysts covering Microsoft that this information is garnered from. Then you can see kind of the rest of the year with those numbers are going to look like to really set it up. Final thing is if you really wanted to dive into why analysts are giving this EPS, where they are projecting these estimates to be, one place you could look at is the analyst report section. That's going to give you a bit more commentary in colour as to why these numbers are the way that they are.
Those are the two spots I would say definitely to go ahead and look at and be able to engage some of those numbers.
>> Great stuff. We will get back to your questions for Hiren Amin on how to get more out of the 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 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 having a look at TD's Advanced Dashboard, platform designed for active traders available through TD Direct Investing. This is the heat map function which allows us to get a view of the market movers.
We are going to start the TSX 60, screening by price and volume.
It's a bit of a mixed bag out there to the upside and not a lot of drama in terms of percentage moves but to the upside we do have Cameco, uranium play, up a little more than 1%. Strong start the year for Danistan and Cameco, uranium place. It's an Shabbir in recent sessions.
Modest downward pressure among some of the big oil and gas names. The price of crude doesn't know whether to be up on Middle East tensions heading into today's trade or down on concerns about China's property sector and what's happening with the court order for Evergrande to liquidate. Push and pull there.
Shopify up about a percent. Not a lot of drama.
Makes picture in the materials bucket to with the minors. South of the border, you do have the US Federal Reserve entering its Tuesday meeting tomorrow meaning they come out Wednesday afternoon with her rate decision.
Not a lot of expectation of a movement from the bank.
It'll all be about the path that they see for the market which thinks that our central bank and the Fed will be in a position in the spring or early summer to start cutting rates. Ahead of that, would we have? Tesla making up some of the ground that it was losing last week, up to and 1/2%. The big tech names which will be reporting, I think Microsoft is going to kick it off tomorrow.
Right now, it's a bit of a mixed bag.
Microsoft is up about 1%.
It entered the $3 billion market Club last week.
What is the tech sector have coming up for us?
You can get more information on TD Advanced Dashboard by visiting TD.com/Advanced Dashboard.
We are back with Hiren Amin from TD Direct Investing talking about how to better utilize the WebBroker platform.
What resources are available to help me prepare for tax season?
>> Absolutely. There are a number of resources that we can highlight.
This the time to look at that because you start seeing some of those documents trickling in. The first place and I'm going to take everyone to is our tech centre.
To access that, that's going to come up at the top over here under the accounts tab and under the self-service section, you can see there is the tax information sector. When you click on that, this is your one-stop shop to find any FAQs related to tax.
Let's say tax filing dates, we want to find out what are the key dates I need to be aware of?
I click on that and if I do, it gives me all the guidelines that I need to keep in mind for the various things that are coming up, what are the different tax forms that are going to come out and a brief description about it. It's a fantastic place. If you go back, you can peruse through it and have a look at various pages on here and find some information related to it.
Definitely do check that out.
Let's load up the screen.
A lot of your questions will be answered right on this page. I encourage everyone to come here.
The other thing I will also mention is let's go back to WebBroker and step in there for a second.
Within WebBroker, we will take you to the document centre.
You can click on the highlight of the top where you can see your icon.
Then, we are going to go to documents, eServices.
One of the things to do is keep up-to-date with your documents.
The best way to do that is to have it set up for online delivery if you prefer that.
You can make the switch anytime under delivery preferences and choose switch those tax documents to online.
One advantage is not only will you be saving trees and paper, you will also be able to get notifications whenever a new tax documents get uploaded to WebBroker for you to access which is key.
I've always been someone who relied on paper for my taxes.
One year I remember I missed a couple and lo and behold, I got audited and called out for it.
Not a good story out of that one. But I learned my lesson but that's just incentive to get those things timely.
Viewers have an option of switching into and out of it back to mail if you prefer.
To access those documents once it set up online, head over to our tax documents tab. You can separated if you have multiple accounts that you own.
You're also going to get up to seven years worth of history stored on here for you.
That's another advantage of having it online.
You can go in toggle and sift through a number of different years.
He goes back as far as 2017.
Pull up any document that I need.
If you make the switch into online anytime when you were previously getting it by mail, you will get all previous historical information uploaded for you in digital form.
So do check this out.
The lesson I will mention is if I'm not so familiar with tax lingo, it's a big consideration for a lot of traders. I will start with the learning centre and show you some resources.
The first one I'm going to take everyone to is the master classes. These are life, instructor led classes with my colleagues.
From time to time, I run some of these.
The ones you want to look for, we teach a number of different topics. Whenever tax season starts, we have a tax considerations master class delivered by a live education instructor that can answer your questions about that. I highly encourage it.
There is one coming up this Friday at 11 AM if you want to join. Just click on the card and I already registered for myself.
You can just simply register and you will get the details sent to you by email on when the class is going to run and how to join it. Check this out and look for those.
We have those throughout the season that leading up into tax filing.
The other thing I can show you going back to the learning page over here is some of the video resources that we have here, if I click on video lessons, one thing I always say is when you are considering doing investing, gains and losses are nice but it's important to think about tax efficiency about your investments.
We have a number of resources to help with that. Go to filters and go to the category that says how to invest and select manage taxes and apply the filters.
You are going to be brought into contact with a slew of content to consume. How to maximize your RRSPs, boosting RSP strategy. The deadlines coming up and they still some time. Maybe this is worth a look. Five tax mistakes to avoid. This is just to name a few. We bring in different industry experts. Then we have some short content form videos if you just want to learn about some things real quick, you can look at our video lessons which are 5 to 6 minutes in range usually, good for a commute if you want to watch that on your way to work.
They have it. You got three different resources to check and help our investors with tax season coming up.
>> A lot of resources that the people are going to need in the coming weeks as they start getting those forms and realize it's tax season.
We are going to squeeze in one more question before the end of the show. This quite a lot more volatility in stocks when they record their earnings, so they want to know if there's any way they can participate in training the shares outside of regular market hours.
There are companies that report before the bell and after the bell, let's walk through after and before hours trading.
>> For good reason. The short answer is you absolutely can.
We call this post market or premarket trading so you do have access and the ability to do that. There are a few rules in place that viewers need to be aware of and what the requirements are.
First and foremost, much to the chagrin of our viewers it might be that Canadian markets, you won't have access to doing pre-and post market trading, unfortunately.
It's not a feature of it. Hopefully sometime down the line, I have my fingers crossed that will be introduced. For US securities that trade on the major exchanges, we are talking mainly stocks and ETFs, you will be able to have access to trading those pre-and post market trade.
To do that, let's start by opening our order ticket.
You want to select the right account that you would like to place the trade in.
One of the other rules is it's only for stocks and ETFs that are listed on the major exchanges. Penny stocks, those will be available.
Anything on the Pink sheets or OTC markets, those are not going to be available.
It's limited to those and by and large that is going to be most of the names the traders will use.
When it comes to selecting, let's use Apple as our example since we started off with that today.
The trade inputs, what are you going to do have access to those hours?
The main thing you want to do is let's say I want to trade and chairs, it's the price type. The only order type they gets accepted for these orders is going to be a limit order.
You have to put in the price that you want and you can see the live bid and ask price in those hours and we stick in a price that we want.
Let's say Apple… We want to pick it up for an even 190 if we can.
The most important pieces the good till timeframe.
Day plus Ext markets. This is only going to show it provided you have selected limit order. Once we select this, it means that it's going to give us entire coverage for the day for the regular session up until 4 PM and then it's going to give us access to the extended markets. Whenever you place this order, it's the full range of the time when you place it. One thing I did think about is one of the hours? When do I get access to trading this? For DIY investors or TD Direct Investing, you are going to get access to the premarket as early as 8 AM Eastern time which is when they open up and orders will go live to the exchanges. The premarket runs up until about 920. What happens in the 10 minute gap between 920 and 930? That's when market makers and exchanges are getting their books in order for the 930 open.
It's kind of a freeze. You can send in orders but it will only be cued in during the regular session at 930.
After the 4 PM close of the regular session, we have a post market session that runs from 4 to 7 PM Eastern time which is what our TD Direct Investing errors have access to. You can have access to those hours when you are trading these products. Keep in mind, word of caution, during these extended hours session, we tend to see liquidity dry up. There's not a whole lot of volume that happens and what comes along with that is volatility in price, you are going to see larger bid and ask price. Because you are doing limit orders, you might have to keep adjusting your price to get it filled as the prices moving. You pay attention to that when you are trading these products. They can move pretty quickly on you.
And you might get not favourable pricing submitting orders during the session.
That's the way to do it. Market season is coming up and especially with a lot of those premarket announcements, most of them happen after you want to capitalize on some moves, this is a way you can potentially do that.
>> Always great to have you on the program, always great information.
I know the audience enjoyed it. I look forward to the next one.
>> My pleasure. I look forward to our next show.
>> Our thanks to Hiren Amin, Senior client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
and if we didn't answer your question today about the WebBroker platform, we will get it in to future education segment.
He wants to stay tuned for tomorrow show.
James Hunter, VP portfolio manager at TD Asset Management will be our guest.
He wants to take your questions about preferred shares.
You can get a Headstart with your questions.
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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