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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, Jason Hnatyk from TD Direct Investing will be our guest. He wants to answer your questions about web broker and Advanced Dashboard platforms. MoneyTalk's Anthony Okolie will give us a preview of tomorrow's highly anticipated US inflation report.
And here's how you 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. We ended last week on a down note. Today we are down a modest 34 point in Toronto for the TSX Composite Index, a little more than 1/10 of a percent.
Among the most actively traded names include Air Canada and Kinross Gold. I will show you Air Canada first. At $17.49 per share, down a little more than 1%.
We are seeing gold firming at these record levels and you have some of the gold stocks going up as well. It Kinross Gold at $7.46 per share, of almost 3%.
South of the border, we await yet another inflation report before we get the Fed opining on interest rates later in the month.
We saw a bit of a rough ride particularly south of the border on Friday. We've been hitting new highs for the S&P 500 and NASDAQ in recent sessions. The S&P 500 is down about 11 points. The tech heavy NASDAQ, seems to be pacing the broader market. A little more to the downside, about 1/3 of a percent.
While we saw a cell off in Nvidia shares on Friday, they held steady this morning but some other chipmakers are down today, including Taiwan Semiconductor, it's down about 4%.
It's been on a pretty solid run and a bit of money is coming off the table. And that's your market update.
With the next Federal Reserve rate decision just over a week away, a lot of investor eyes turning to the release of the US inflation print trying to figure out when the central bank will start cutting those interest rates. Anthony Okolie joins us now with TD Securities outlook on the CPI data.
We had a bump to the upside for January.
What the expectation for February?
>> As he said, investors want to see if the inflation numbers were one off in January but TD Securities is forecasting February inflation to be in line with consensus for both headline and core. I will start with headline CPI. They expected 0.4% increase as energy inflation likely rebounded in February. They see food prices up slightly also.
Year-over-year CPI, they are looking for it to be unchanged at 3.1% year-over-year.
For core, they expected to slow to a ferment .3% month over month pace after 8.4% acceleration in January. That translates to a year-over-year 3.7% increase but that is down from 3.9% year-over-year in January.
Details should also show that core good prices remained a notable drag on inflation in February, posting 1/9 consecutive pullback. They see US car prices, a major driver behind that move, TD is expecting used car prices to come down to .8% month over month. They also expect inflation from housing components to be mixed in this report, specifically owners equivalent, OER, measuring how much money a property owner would have to pay in rent to equal the cost of ownership.
They see OER likely being reverted lower after January's unexpected jump.
In addition to that, they look for airfare inflation to accelerate to about 3% month over month, logic away from home inflation likely to remain roughly unchanged at 1.8%.
All in all, these should translate into core CPI inflation and slowing to a still robust .6% month over month pace in February.
>> We will get the hard data in the morning, that will tell us a story based on hard data. It's interesting, the New York Fed came out with a survey, we were talking about that about half an hour ago, long-term expectations for inflation are on the rise. That's trouble. There is one thing to say here are the flax, here's where inflation is heading, it's another thing for consumers to say, we believe that you will go back to 2%.
>> This is a concern for the Fed because one thing they want for inflation is to make sure that it is board, anchored towards their 12 month inflation goal which is to percent and if those inflation expectations become unmoored, that makes the Fed's job much harder because they are looking for inflation to come down to that 2% but if people don't expect that they can do that, that is going to be a very difficult thing for monetary policy. That might mean potentially higher rates for longer or again a challenge for the central bank to make sure that they can bring inflation down to 2%. So that's something that the Fed will be looking closely in order to make sure that expectations move towards their 12 month target of 2%.
>> You get the people to believe. You put that all together, what does TD Securities think about the state of the American economy?
>> TD Securities anticipates further slowing in activity this year. However, this is key, they are no longer expecting the economy to enter a full-blown recession. There expectations for below trend growth in 2024 combined with a loss of momentum in the labour market should translate into a gradual increase in unemployment this year in the US. It's expected to rise to 4.1% by the fourth quarter of this year from 3.7% in the fourth 1:45 thousand and 23. They are also looking for headline inflation to slow as well by the end of the year, cooling from 4% to 2.6% in 2024.
>> A lot of interesting stuff. We will know tomorrow morning and we will chat about it tomorrow.
>> Sounds good.
>> Our thanks to MoneyTalk's Anthony Okolie. We are going to get your questions about WebBroker and Advanced Dashboard for Jason Hnatyk and just a moment's time. 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.
Social media platform right it is targeting a valuation of up to $6.4 billion for its upcoming IPO. What has been a relatively slow period for companies coming to the public markets, this offering from Reddit has been widely watched by investors.
Reddit is looking to list 22 million shares between $31 and $34 each.
Let's take a look at shares of billing.
They are in the spotlight today. We've got a few matters here to tell you about going. They are down almost 4%. The US Department of Justice is opening a criminal investigation into the blowout of a panel during the Alaska Airlines flight earlier this year. Meantime, over the weekend, Delta Airlines said in a broadcast interview that deliveries of the 737 Max 10 Plains could be delayed into 2027.
In a separate development, 50 passengers aboard a Boeing Dreamliners suffered various injuries after the plane experienced a "Strong movement" during flight.
Apparently the plane dropped precipitously in a very short amount of time.
Let's talk about the hotel and travel industry. Choice Hotels International is dropping its hostile takeover bid for rival Wyndham Hotels and Resorts.
Choi says it's withdrawing after failing to garner enough support from Wyndham shareholders.
Quick check on the markets. We will start here at home with the TSX Composite Index.
First trading day of the week. Gold is firm at these levels that they have been hitting record highs at recently.
Oil is pulling back just a little bit. Put it all together, we are down 32 points or a little more than 1/10 of a percent.
South of the border, investors waiting for the inflation report tomorrow morning, trying to figure out where we are headed in the fight against cost pressures.
The Fed will do well with that information next weekend in the coming months. You're down about 15 points or one third of a percent.
We are joined now by Jason Hnatyk, Senior client education instructor with TD Direct Investing. Welcome, was great to have you here.
>> Yeah, it's great to be here! It's really encouraging to see all of the questions that have come in from the audience over the quick hits that we do on the show and there are so many hidden gems on WebBroker so I'm really looking to show off a few of them here today.
>> We've built up a nice table of questions. You want people to send them in real time as well. Let's are to work through them right now.
The first one here for you, someone is wondering, how do I set up a watchlist in my broker?
>> Yeah, that's a fundamental part and one of the first tools that you investors kind of learn to use when they are getting into the markets but there is also so much other little things that come along with it that we can really use as we progress down that investing landscape.
Let's jump onto the website and take a look at the tools.
I happen to have Bank of America up on the screen.
If we want to get into our watchlist tools from anywhere on the platform, we can go to the research tab at the top of the page and under the tools column, you will see watchlist a second from the bottom.
If you are like me and you want to get things done as quickly as possible, you will notice some quick buttons in the top right-hand corner. Watchlist happens to be the furthest from the right. The star icon will get you where you need to go. If we are thinking about adding socks or creating a new watchlist, that can be accomplished when we are getting a quote from Bank of America, we've got our last trade, buy and sell buttons here, we can take quick action if you're ready to do that.
You will also notice the star icon add to watchlist. If I click on that, it will bring up all of my lists that I got available you're on the platform.
WebBroker allows you to create up to 10 lists with 10 securities on each of them so we can get a wide assortment of different areas to look at and different motivations for lists so that you can be kept up-to-date. I'm going to go with list number nine.
It's empty.
That symbol is already added, I must've added it earlier in the day. Let's go into our watchlist component.
You will notice that Bank of America is already here. All right, if we want to continue to add from here, you will notice there is a simple box up at the top. I'm going to add in maybe a few of the competitors of DAC. If we add in both Canadian and US companies can be added onto the list.
If we look, we can go ahead and select from this. Maybe for his good enough for now so you can get an idea of the data entry aspect of it. It's not just… [audio lost] >> You're probably saying what I'm seeing, for use in Jason's image.
We will try to reestablish. Let's check on the markets.
Perhaps more interesting south of the border. When you think about the run we have seen in American equity markets powered by interest in AI, there have been leaders like Nvidia and AMD, on Friday, we were doing the show, you probably watched the markets closely, Nvidia pulled back five or 6% on the session.
There were no concerning reports about it, nothing from the company itself.
Nvidia, for its part, has sort of stabilized today after pulling back five or 6% on Friday but some of the other chipmakers, like Taiwan Semiconductor, they are starting to pull back a little bit on the session as well.
So there is Nvidia, just trying to find its way, down about 1%. The bigger pullback was on Friday.
Again, no real explanation. The stock has had quite a run as you can see in the past year, really the past several years around all that excitement about a IN the GP use that they have to power all that kind of thinking. So right now, you're getting to a moment in the market were there wondering, has it moved a little too far, a little too fast in a short amount of time?
Let's check in on the TSX. We have had some movement hereto. We had gold hitting new all-time highs and recent sessions.
Right now, it is up about five dollars. It is holding steady around these levels.
That is feeding into some of the mining place today but we've got the price of oil pulling back just modestly so some of the energy names are not participating in today's rally. And now as we had talked about the markets, I think we got Jason Hnatyk back.
We were in the middle of talking about watchlist on WebBroker. Where were we? We through a few financial names into a watchlist.
>> Yeah, we created a list.
Oh, the joys of modern technology, working in a live environment.
Let's get back into the watchlist and pick up where we left off. I have the same list up on my screen.
We are looking at the quote tab. That's your standard quote. Basic stuff you're gonna see. But there is much more information available here.
I would like to draw your attention to the fundamentals tab. This will allow you to see more financial data.
We can find out information about the dividend information, dividend payout dates, even earnings information. Really next level layers of information but the fund doesn't stop there.
Next to the fundamentals tab the top the page, there is also a tracker functionality.
This is a really key aspect that is underutilized on my broker.
This is your opportunity to create a mock portfolio.
Whether you are trying out a new trading strategy or looking at a new company, you may not be ready to put your skin in the game at the time.
This gives you the choice to enter the quantity that you are theoretically purchasing at a particular price point.
Let's do that with Bank of America. I'm going to click on the zero under quantity.
We can go ahead and enter 100 shares and I'm going to buy it at $35, right around where it was last traded.
I'm going to sit back and analyse and watch and see how this performs over the next number weeks to see if my hypothesis would have been right. I may be kicking myself, but it's a good opportunity to test and take advantage of watchlist so you are kept informed and have an opportunity to bounce ideas off yourself.
>> So that is the watchlist and web broker, which you and I are on right now, having this conversation. We do know there is Advanced Dashboard which we show audiences regularly. Someone wants to know about watchlist in Advanced Dashboard.
>> A.D. goes beyond what web broker can offer you.
Webbroker allows you have up to 10 watchlist with 10 symbols in place.
Advanced Dashboard does not have caps like that. It also streams in real-time.
It updates as the market moves. The market doesn't wait for anybody, especially your watchlist.
Let's show you in Advanced Dashboard how we can use that wonderful tool.
One thing I wanted to show us here in WebBroker, if you spend time and crafted a watchlist that was near and dear to your heart, you can export that into Advanced Dashboard. There is a download button on the right hand side. If you download that onto your computer, I will show you were the import functionality is.
I've got Advanced Dashboard on my of the screen so let's bring that up. The easiest place to find watchlist within Advanced Dashboard is under the charts list. It's automatically created for everybody. The nice thing about Advanced Dashboard is the ability to customize in any way that suits the user. I'm going to stick with this for the sake of time.
I'm going to maximize the screen so we get a more fulsome view of the watchlist functionality.
About that little tip on importing and exporting watchlist.
We will find the ability to import is this hamburger, the three lines in the top left-hand corner.
If I click on that, you will notice there is export as well is important.
I can import any list of exported from anything as long as it's the correct file type.
We can see the watchlist, as I mentioned, it's real-time. Things are updating. As they take up and take down, you are getting corresponding movement and colour changes on the list.
If we are going to go ahead and make some changes, this is where the Advanced Dashboard customization and personalization shows itself.
I can go ahead and make column sets that work for me so I'm not just stuck with the tabs that WebBroker had. I can go to the hamburger menu at the top left of the page and this time I will select the manage template function. By choosing that, I get to, you will notice I've done this over a few times over the years and master classes in here on the show, you can create many different templates that work for you. We can click on new, give it a name, MT for MoneyTalk, money talk two, and then we will save that.
We will add it from the side. We can choose more in depth. We've got ex dividend date, maybe we want to add that over from the left-hand side. This is going to be open, available to any customer to make the particular changes that they want to see and we got a question coming up later around PE, we can even add those into our watchlist.
After I'm satisfied with what I see here, I can go ahead and see the template in the drop-down menu at the top of the screen.
This is the standard layout for everybody else if I click on that we can scroll through and find the ones we have created for ourselves. MT2 is the one I just made and so I will pull that up and we can get that information that I said was important to me.
We are not them customization. I will show you additional features. You can sort by any of the columns.
For instance, if I want to put this on ascending order, I can click on bid price, I can sort from lowest to highest or highest to lowest.
If I want to remove the sorting altogether, I click at a time and the arrow is removed. Limit sorting by any of the columns, I can drag the symbols around and move them around on the list by clicking on the grid of nine dogs and dragging it and dropping it down. I can also rearrange the columns by moving them around so I can make that as personalized as possible.
One Listeria personalized, if you called long, extensive lists like we have here, you can create submenus within your lists.
I'm going to create a US and Canadian breakdown.
If we see that Tesla, a US company, if we click on the three dots on the left-hand side, down at the bottom, there is open symbol in or move to group. If I move to group, if I go ahead and create a group that's just USD, if I say that here, what you are noticing now is right here above where Tesla was is a USD folder.
TAL down here, that's the next US on the pups out to me, I can go back to the same three dogs, move the symbol into USD, so I can create multiple watch lists that have all of these different symbols or a can create subgroups to keep the heads and tails of the different symbols to ensure that I'm able to not miss the forest for the trees if you know what I'm saying.
>> A lot of functionality there.
Appreciate you walking us through that. We are in Advanced Dashboard. Let's stay here. We have a viewer wondering where they can find earnings information in Advanced Dashboard.
>> We don't need to leave Advanced Dashboard to do research.
It's great for trading and customization but there's also some next level financial data available here in the platform. Let's take a look at that and I will show off some of those neat functionalities.
I'm back on our chart tab here. We got our watch list on the left that we spent time chatting about. We have our chart on the right.
We have Shopify on our chart. I want to show you a quick way to get earnings information on the chart and then we will take a deeper dive into earnings.
Back to our hamburger menu, these hamburger menus will be a common navigation point for users on Advanced Dashboard, they are a way to get information and make adjustments.
If I click here, there is an opportunity that says show events. We can see there is earnings, dividends and splits.
If I click on show earnings, I am on a one-day chart.
What I want everybody to see here is these little earnings flags, blue flags, if I go ahead and click on the green, that's green, if I click on the green flag, I can see the specific earnings stats as well as actual reported earnings amounts and estimates.
It's a good way to keep abreast of what's going on in the market. If you want to dig deeper, there is an analytics tab at the top of the page.
If I click on it, there's all sorts of information available here for users about financial statements, ratios and dividend information.
We are on the page looking at estimates and ratios is the one that I got highlighted first of all.
You can see that we've got a really nice historical look back at different data points and these data points you will see these bar charts at the top of the page, they are all fed from the information down below. On the far left, we have earnings-per-share.
If I prefer earnings yield, I can select earnings yield from there and we will get the corresponding chart to switch to the data that we want to see and is important to us. These are our ratios.
If we are looking for more information, these icons at the top of the page or where you will be able to cycle through to get that data.
I will show you company profile. Company profile is a high-level overview of the company.
You get a description of their business, understand their size, where they are located. I recommend getting in there and taking a look at that.
Up to the top the pages where we continue to move and find out more. We have already looked at financial statements and if we want to look at estimates and ratios, sorry, financial statements is our opportunity to look at all of the data that gets reported by CFOs on earnings calls but we can keep looking at more here.
Dividends is here as well, Shopify is now paying dividends.
If we switch that over to TD, we can see how, historical rundown of dividends as well as ex dividend dates.
Last earnings tool that I think is a really interesting edition on Advanced Dashboard is this a Earnings Analyzer appear at the top of the page.
I'm going to go ahead and click on that page and give you a run through of what's going to be appearing here.
You're not only going to get your price chart so we can see how the company's stock performance is done but what's really cool is the bottom half of the screen here.
It's overlaying some fundamental data along with analyst projections and standard deviations. We are getting pricing bands, the likelihood at which the stock could trade out over a given period of time.
So we've got that all listed down below.
All of this information is brought to bear in one place. Do not sleep on using this tool.
The last thing I want to highlight for everybody is pretty interesting, it's a synopsis of the earnings information, so we get to see the price of the stock, we get to see when the next earnings events are common, whether it's before the market, getting up to May 23 is when we can expect TD to report next. We are combining that with analyst information, so we are not having to navigate around to lots of different place. It is all consolidating around here to help you make that decision.
You are getting implied volatility, you can see how volatile the stock is expected to be and then also there's probability to see what analysts are projecting in terms of movement in the market.
>> A lot of powerful tools to dig into.
As always, make sure you do your own research before making any investment decisions.
we are going to get back your questions about WebBroker for Jason Natyk in just a moment's time.
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.
We are back with Jason Natyk, take your questions about WebBroker and Advanced Dashboard. I give you just enough time to get a drink of water and now we are going to send you more questions.
>> I'm ready for it.
>> Here it comes.
Is there a way to find the current yield for US and Canadian two years, five years and 10 years bonds?
>> There sure is. Over the last couple of years, as interest rates and inflation have dominated a lot the discussion, there has been more interest shown from a fixed income perspective and WebBroker has lots of choices for you there. If we want to be checking different products, different yield lengths and things like that, WebBroker is a great tool for you. Let's pop over and take a look at that.
To begin your research with regards to fixed income, we are going to go back to the research tab at the top of the page.
The second column over his our investments.
Here towards the bottom of this list, we are looking at fixed income and I also want to highlight that they have the opportunity to dig in to get GIC information, that has its own separate area, whether you are wanting to get quotes or purchase them yourself, that's available here on the platform. Back to fixed income, we can go ahead and choose that. We are now in our fixed income centre.
If we are focusing in on may be just finding US or Canadian or different lengths of maturity, different yield, let's focus on the US first. On the portfolio list, we have U.S. Treasury list available for everybody to access. If we click on U.S. Treasury bonds, that's going to be available here.
We can see the different lengths of maturity here. One year, two year, all the way out to a 2054.
Hopefully we are all here to see that come to maturity. That's here for us to view.
Not just view it but you can start the buying process. If this is something you have already researched, you can go ahead and select the boxes and begin the trade.
From a Canadian perspective, I'm going to go back to the fixed income Centre, there's a whole section of Canadian bonds as well. It's on the left-hand side, middle row.
Let's say we are looking for something in the 0 to 5 year range.
That's our opportunity to see all of the different issuers that the Canadian government has got out there. We can look at all of the different maturity dates and all of the different coupons. If you find one that's a little more interesting to you you can go ahead and click it. It will bring up the full rate sheet for you to do more analysis.
Fixed income doesn't stop there.
That's just two products.
I want to show everybody that if you are not just after one but a broad range of products, you can search the market for issues that meet your needs. You can do that by using a fixed income search at the top of the page.
You can see all the products are listed on the line.
We can go corporate bonds and let's do Canadian and do a quick search.
We are casting a very broad net see you can add in additional criteria but you can see how quickly and easily I can find what's out there and I have the opportunity to save this list for later so I don't need to re-create the wheel and I stay abreast of what fixed income is available for my attention based on my own individual criteria.
>> That's good information on fixed income and bond yields. Someone wants to know where you can learn more about charting or technical analysis.
This is an area rich with content. There's a lot to technical analysis.
>> We are really going to go to the polar opposite of buying and holding bonds to something short-term with technical analysis. I do want to stress that technical analysis is one of those topics, Rome was not built in a day and technical analysis is itself not learned in a day either.
But I want to point out that even if you don't consider yourself a technician or a charting Wizard, we've got tools on the platform to help you identify when there are specific events, when there's crossovers that may require your attention but then take it beyond that and teach you more about those events.
Let's take a look at the technical tools and then we can see what value we can add to a trader's toolkit.
I'm going to go back to the research tab at the top of the page. Back into stocks.
We've got Bank of America still up on the list.
Beneath the quote, I want to highlight for everybody the technical tab. If I go ahead and choose the technical tab, this is going to bring you to one of those hidden gems that I was referring to at the top.
This is your opportunity to have the system work for you to scan the market for specific events. I went to school down on this page. You will notice you can also highlight specific time periods. If you are more interested in a short-term trade versus a long-term trade, we can isolate those events.
But just to point out what we are looking at, we got our bar chart up on the screen and there are all these little icons that are posted up on this chart. These are corresponding to specific technical events that have happened. If I hover my mouse over them, let's choose this one, it highlights the event as it took place. He gives me the date, this one is a little bit longer term, he goes back into December, so maybe not an actual idea at this point, we could have chosen something nearer term but it tells me about the event.
It highlights averages that were crossed over and it tells me about why this could be an important event for my own trading and I can read more about this.
Before we click on learn more which is going to bring you to the education aspect of the triple moving average or any other event that you clicked on, I do want to highlight something that's really neat about this page. It's the opportunity, all that's found on this page is, it is all an algorithm. There is also support and resistance and eventual stop price to think about. If I tap on support and resistance, you will notice that there are now two horizontal lines indicating support and resistance over a predetermined time frame. On the rate it's noted for me that I bought 100 bars. If I'm looking for something shorter or longer, I can look for that.
So that's the support and resistance.
If we want to take it further, let's go back for a quick second into WebBroker and I'm gonna show you where you can find and learn more about particular patterns and how they can be used by yourself. Going to the top of the page, there is a graduation, for a lack of a better term, in the upper right-hand corner. If I click on that from within the site, I go to our education area within technical analysis.
On the left-hand side are all kinds of different study patterns or chart patterns as well as candlestick patterns. If I go ahead and choose indicators, indicators was the one we saw in the chart, we had the triple moving average crossover, to keep things consistent, if I choose the triple moving average crossover, not only does it give me a description of what is taking place, I can also scroll down and see some additional trading considerations to keep in mind when I am thinking about using that crossover for my own benefit.
Beyond that, just quickly here, the top of the page, there is find events.
If I really believe that this event is something that is significant for me and I want to use this for future trading opportunities, yes we are looking at Bank of America but if I choose find events, this is now going to scan the market for many more recent triple moving average crossovers or whatever indicator you happen to be learning more about and now I've found other opportunities to dig in and look to see if it suits my investment philosophy.
>> A nice rundown of technical analysis and the first steps into a much larger world. Let's get to another question.
That was a Star Wars reference for you geeks out there. What is the best way to find historical stock price to earnings ratio?
>> Let's look into that. We saw in Advanced Dashboard, I added it to your chart but I wanted to show you some tools in WebBroker where you can get information as well.
We are on the research page and we are going to stay consistent with the company we are looking at. We are going to go back to the overview page to start us off. If we are looking to find PE, right now, at the present time, that's price-earnings ratio is what we are looking at, if we scroll down on this particular page, there's a lot of great information. We can see market cap, how big is the company based on number of shares and share price, but if we are thinking about PE, it is listed right here.
I keep getting aggressive with the highlighting.
PE is right in the middle of the screen.
His 11.6 times the price-to-earnings.
If we think of price on top of the numerator and denominator being the earnings-per-share of the company, so we can analyse that for our purposes.
If we are looking to kind of see how that is changed over time, I think the easiest way that I can do that here is doing it through the charts.
If we go ahead and choose the chart sub tab right where the stock quotas, second from the left, we got a three month chart here on the company. Down below the chart is the volume. We are going to add a PE lion to the lower studies here. So where would you go and choose the same lower studies indicator dropped down and go ahead and look for PE in this list.
It's all alphabetical.
We can find P/E ratios.
Now if we look down below where the volume bar is, we can see. If we are looking to find out what the P/E ratio was when the calendar turned over to 2024, we find the closest candle, but are most there and at the start of 2024, we were at a 9 1/2 P/E ratio, it's no little bit of a higher rate based on its present factors.
Just quickly so I can give everyone a little bit information about the charts themselves, if you've ever audited a study onto your chart and he wanted to learn more about it, what I recommend is to go ahead and click on the name of the study on the left-hand side.
He ratio, you want to know more about that, we can go ahead and he gives a simple acclamation.
What about something more involved like an RSI or Mac D or Bollinger Bands that we split as an upper indicator? Clicking on the name of the study will allow us to learn more about it and if we want to make adjustments or alterations to the formulas of the studies, you will be able to do that all and through here as well. A little bit of a tip to make use of the charts.
>> We are going to get back to your questions on WebBroker for Jason Hnatyk in just moments time.
As always, make sure you do your own research before making any investment decisions.
and a reminder that you can get in touch with us 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.
[music] Alright, we've got Advanced Dashboard in the spotlight today. We are going to take a look at the heat map function, tell us with happening out there in the markets.
Gives us a nice view. We will start with the TSX 60. We will screen by price and volume. We have golden recent sessions making record highs. It is holding it at those record levels.
Kinross Gold is up about 3%.
That's where you're going to find the green on the screen.
Figures are a bit more muted if you move out of the materials space, whether it's the financials, not up to a lot today, and Cameco, the uranium play, and had a strong start to the year but it's been choppy since then. Cameco is pulling back about 2%. South of the border, let's check in on the S&P 100. We are seeing downward pressure on both sides of the border today to start the trading week. What we have in our hands? It's a real mix.
AMD, the chipmaker, down to the tune of about 3%. Nvidia is down modestly after pulling back five or 6% on Friday, no real reason other than the fact it's had a big run in some money came off the table.
Google to the upside.
The definition of a mixed picture.
We are back now with Jason Natyk from TD Direct Investing, taking your questions about what broker and Advanced Dashboard.
Someone wants to know, is there a way I can see when the earnings release will be and what the street estimate might be?
>> We are looking at historical information, projections, analyst information about what they think the pricing projection is for maybe the next 12 months. WebBroker has you covered with a lot of that information. Maybe we will take a top-down approach to looking at earnings.
What I would like to show everybody first is the research tab at the top of the page. I spent a lot of time there because there's so much great information. I'm going to go this time under markets. You will notice that all the way down towards the bottom of the list there is an events selection.
If we choose that, he gives us an opportunity to scan the markets for many different things going on. We are on the highlights page.
We can see earnings announcements, dividend information, we can track splits as well as analyst reading changes.
We are looking at today's date, Monday the 11th, we can go ahead and look at future dates.
And we got the chance to look at both Canadian and US markets so a little bit of a sneak peek across the board. I will flip over to the US flag so we can look at some of that information as well.
If we click on the earnings announcements, we can see there are 169 US companies that are reporting.
We have tipped out of peak earnings season but when things come back around in 2 1/2, three months, you will have this opportunity to come and scan for it so you're prepared. On the screen, it's got a lot of great stuff going on.
You can see the period at which the company is reporting.
When the companies earnings become reported, the field will fill in. These companies are seeing now are likely reporting after the bell today but if there were premarket earnings, the field would be filled in. We are getting estimates from analyst which we can compare against the actual information and we are getting previous years information.
We are looking at quarter over quarter, year-over-year.
You got some perspective of what's going on.
If we want to take this a little bit further, I will pick the top company at the top of the list for the sake of efficiency, we want to learn more about the company itself. We can go ahead and click on the symbol and is going to bring us back to the overview page. By choosing overview, it brings us back here. We have spent some time here today. But we have not chatted about the earnings tab. Right in the middle of these menus, right beneath the quote, I can click on earnings and this is where I can do some analysis of historical earnings as well as estimates of what's coming out in the future. We are at the quarterly view. I can look at the three month period to see other companies actually performed but we also get to see future projections of what the market is expecting to do and just like we looked at it and Advanced Dashboard, you got that standard deviation see about that percentage likelihood of the range of the earnings estimates.
We can be prepared to see if there are any positive or negative surprises when these actually come to fruition.
We can flip this over to the annual events, we can look back from a 10,000 foot level and get a little bit more perspective.
Beyond this, we've got some synopses on the table on the right.
We get to see, if we are looking for a really fundamental focus report, like a MorningStar report available on this page, and we get to see some additional charts, we can fill in the blanks of what's been added. A nice top-down approach. We can see who has been reporting and get into the weeds and individual companies earnings here in the market overview section.
>> Jason, always great to tap your expansive knowledge of the platforms. I enjoyed it, I know the audience did to you and I look forward to the next time.
>> Yeah, lots of fun. Looking forward to the next time.
>> Maybe it's tomorrow.
We will have you on deck soon.
Our thanks to Jason Natyk, Senior client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
if we don't have time to get your question today about the platforms, we will aim to get into some upcoming episodes. Stay tuned for tomorrow show.
Bart Melek, global head of commodity strategy with TD Securities will be here, taking your questions about commodities.
Interesting stuff happening in gold and oil. I know you have questions. You can get a Headstart.
Just email moneytalklive@td.com.
That's all the time we have for the show today. Thanks for watching, we'll 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, Jason Hnatyk from TD Direct Investing will be our guest. He wants to answer your questions about web broker and Advanced Dashboard platforms. MoneyTalk's Anthony Okolie will give us a preview of tomorrow's highly anticipated US inflation report.
And here's how you 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. We ended last week on a down note. Today we are down a modest 34 point in Toronto for the TSX Composite Index, a little more than 1/10 of a percent.
Among the most actively traded names include Air Canada and Kinross Gold. I will show you Air Canada first. At $17.49 per share, down a little more than 1%.
We are seeing gold firming at these record levels and you have some of the gold stocks going up as well. It Kinross Gold at $7.46 per share, of almost 3%.
South of the border, we await yet another inflation report before we get the Fed opining on interest rates later in the month.
We saw a bit of a rough ride particularly south of the border on Friday. We've been hitting new highs for the S&P 500 and NASDAQ in recent sessions. The S&P 500 is down about 11 points. The tech heavy NASDAQ, seems to be pacing the broader market. A little more to the downside, about 1/3 of a percent.
While we saw a cell off in Nvidia shares on Friday, they held steady this morning but some other chipmakers are down today, including Taiwan Semiconductor, it's down about 4%.
It's been on a pretty solid run and a bit of money is coming off the table. And that's your market update.
With the next Federal Reserve rate decision just over a week away, a lot of investor eyes turning to the release of the US inflation print trying to figure out when the central bank will start cutting those interest rates. Anthony Okolie joins us now with TD Securities outlook on the CPI data.
We had a bump to the upside for January.
What the expectation for February?
>> As he said, investors want to see if the inflation numbers were one off in January but TD Securities is forecasting February inflation to be in line with consensus for both headline and core. I will start with headline CPI. They expected 0.4% increase as energy inflation likely rebounded in February. They see food prices up slightly also.
Year-over-year CPI, they are looking for it to be unchanged at 3.1% year-over-year.
For core, they expected to slow to a ferment .3% month over month pace after 8.4% acceleration in January. That translates to a year-over-year 3.7% increase but that is down from 3.9% year-over-year in January.
Details should also show that core good prices remained a notable drag on inflation in February, posting 1/9 consecutive pullback. They see US car prices, a major driver behind that move, TD is expecting used car prices to come down to .8% month over month. They also expect inflation from housing components to be mixed in this report, specifically owners equivalent, OER, measuring how much money a property owner would have to pay in rent to equal the cost of ownership.
They see OER likely being reverted lower after January's unexpected jump.
In addition to that, they look for airfare inflation to accelerate to about 3% month over month, logic away from home inflation likely to remain roughly unchanged at 1.8%.
All in all, these should translate into core CPI inflation and slowing to a still robust .6% month over month pace in February.
>> We will get the hard data in the morning, that will tell us a story based on hard data. It's interesting, the New York Fed came out with a survey, we were talking about that about half an hour ago, long-term expectations for inflation are on the rise. That's trouble. There is one thing to say here are the flax, here's where inflation is heading, it's another thing for consumers to say, we believe that you will go back to 2%.
>> This is a concern for the Fed because one thing they want for inflation is to make sure that it is board, anchored towards their 12 month inflation goal which is to percent and if those inflation expectations become unmoored, that makes the Fed's job much harder because they are looking for inflation to come down to that 2% but if people don't expect that they can do that, that is going to be a very difficult thing for monetary policy. That might mean potentially higher rates for longer or again a challenge for the central bank to make sure that they can bring inflation down to 2%. So that's something that the Fed will be looking closely in order to make sure that expectations move towards their 12 month target of 2%.
>> You get the people to believe. You put that all together, what does TD Securities think about the state of the American economy?
>> TD Securities anticipates further slowing in activity this year. However, this is key, they are no longer expecting the economy to enter a full-blown recession. There expectations for below trend growth in 2024 combined with a loss of momentum in the labour market should translate into a gradual increase in unemployment this year in the US. It's expected to rise to 4.1% by the fourth quarter of this year from 3.7% in the fourth 1:45 thousand and 23. They are also looking for headline inflation to slow as well by the end of the year, cooling from 4% to 2.6% in 2024.
>> A lot of interesting stuff. We will know tomorrow morning and we will chat about it tomorrow.
>> Sounds good.
>> Our thanks to MoneyTalk's Anthony Okolie. We are going to get your questions about WebBroker and Advanced Dashboard for Jason Hnatyk and just a moment's time. 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.
Social media platform right it is targeting a valuation of up to $6.4 billion for its upcoming IPO. What has been a relatively slow period for companies coming to the public markets, this offering from Reddit has been widely watched by investors.
Reddit is looking to list 22 million shares between $31 and $34 each.
Let's take a look at shares of billing.
They are in the spotlight today. We've got a few matters here to tell you about going. They are down almost 4%. The US Department of Justice is opening a criminal investigation into the blowout of a panel during the Alaska Airlines flight earlier this year. Meantime, over the weekend, Delta Airlines said in a broadcast interview that deliveries of the 737 Max 10 Plains could be delayed into 2027.
In a separate development, 50 passengers aboard a Boeing Dreamliners suffered various injuries after the plane experienced a "Strong movement" during flight.
Apparently the plane dropped precipitously in a very short amount of time.
Let's talk about the hotel and travel industry. Choice Hotels International is dropping its hostile takeover bid for rival Wyndham Hotels and Resorts.
Choi says it's withdrawing after failing to garner enough support from Wyndham shareholders.
Quick check on the markets. We will start here at home with the TSX Composite Index.
First trading day of the week. Gold is firm at these levels that they have been hitting record highs at recently.
Oil is pulling back just a little bit. Put it all together, we are down 32 points or a little more than 1/10 of a percent.
South of the border, investors waiting for the inflation report tomorrow morning, trying to figure out where we are headed in the fight against cost pressures.
The Fed will do well with that information next weekend in the coming months. You're down about 15 points or one third of a percent.
We are joined now by Jason Hnatyk, Senior client education instructor with TD Direct Investing. Welcome, was great to have you here.
>> Yeah, it's great to be here! It's really encouraging to see all of the questions that have come in from the audience over the quick hits that we do on the show and there are so many hidden gems on WebBroker so I'm really looking to show off a few of them here today.
>> We've built up a nice table of questions. You want people to send them in real time as well. Let's are to work through them right now.
The first one here for you, someone is wondering, how do I set up a watchlist in my broker?
>> Yeah, that's a fundamental part and one of the first tools that you investors kind of learn to use when they are getting into the markets but there is also so much other little things that come along with it that we can really use as we progress down that investing landscape.
Let's jump onto the website and take a look at the tools.
I happen to have Bank of America up on the screen.
If we want to get into our watchlist tools from anywhere on the platform, we can go to the research tab at the top of the page and under the tools column, you will see watchlist a second from the bottom.
If you are like me and you want to get things done as quickly as possible, you will notice some quick buttons in the top right-hand corner. Watchlist happens to be the furthest from the right. The star icon will get you where you need to go. If we are thinking about adding socks or creating a new watchlist, that can be accomplished when we are getting a quote from Bank of America, we've got our last trade, buy and sell buttons here, we can take quick action if you're ready to do that.
You will also notice the star icon add to watchlist. If I click on that, it will bring up all of my lists that I got available you're on the platform.
WebBroker allows you to create up to 10 lists with 10 securities on each of them so we can get a wide assortment of different areas to look at and different motivations for lists so that you can be kept up-to-date. I'm going to go with list number nine.
It's empty.
That symbol is already added, I must've added it earlier in the day. Let's go into our watchlist component.
You will notice that Bank of America is already here. All right, if we want to continue to add from here, you will notice there is a simple box up at the top. I'm going to add in maybe a few of the competitors of DAC. If we add in both Canadian and US companies can be added onto the list.
If we look, we can go ahead and select from this. Maybe for his good enough for now so you can get an idea of the data entry aspect of it. It's not just… [audio lost] >> You're probably saying what I'm seeing, for use in Jason's image.
We will try to reestablish. Let's check on the markets.
Perhaps more interesting south of the border. When you think about the run we have seen in American equity markets powered by interest in AI, there have been leaders like Nvidia and AMD, on Friday, we were doing the show, you probably watched the markets closely, Nvidia pulled back five or 6% on the session.
There were no concerning reports about it, nothing from the company itself.
Nvidia, for its part, has sort of stabilized today after pulling back five or 6% on Friday but some of the other chipmakers, like Taiwan Semiconductor, they are starting to pull back a little bit on the session as well.
So there is Nvidia, just trying to find its way, down about 1%. The bigger pullback was on Friday.
Again, no real explanation. The stock has had quite a run as you can see in the past year, really the past several years around all that excitement about a IN the GP use that they have to power all that kind of thinking. So right now, you're getting to a moment in the market were there wondering, has it moved a little too far, a little too fast in a short amount of time?
Let's check in on the TSX. We have had some movement hereto. We had gold hitting new all-time highs and recent sessions.
Right now, it is up about five dollars. It is holding steady around these levels.
That is feeding into some of the mining place today but we've got the price of oil pulling back just modestly so some of the energy names are not participating in today's rally. And now as we had talked about the markets, I think we got Jason Hnatyk back.
We were in the middle of talking about watchlist on WebBroker. Where were we? We through a few financial names into a watchlist.
>> Yeah, we created a list.
Oh, the joys of modern technology, working in a live environment.
Let's get back into the watchlist and pick up where we left off. I have the same list up on my screen.
We are looking at the quote tab. That's your standard quote. Basic stuff you're gonna see. But there is much more information available here.
I would like to draw your attention to the fundamentals tab. This will allow you to see more financial data.
We can find out information about the dividend information, dividend payout dates, even earnings information. Really next level layers of information but the fund doesn't stop there.
Next to the fundamentals tab the top the page, there is also a tracker functionality.
This is a really key aspect that is underutilized on my broker.
This is your opportunity to create a mock portfolio.
Whether you are trying out a new trading strategy or looking at a new company, you may not be ready to put your skin in the game at the time.
This gives you the choice to enter the quantity that you are theoretically purchasing at a particular price point.
Let's do that with Bank of America. I'm going to click on the zero under quantity.
We can go ahead and enter 100 shares and I'm going to buy it at $35, right around where it was last traded.
I'm going to sit back and analyse and watch and see how this performs over the next number weeks to see if my hypothesis would have been right. I may be kicking myself, but it's a good opportunity to test and take advantage of watchlist so you are kept informed and have an opportunity to bounce ideas off yourself.
>> So that is the watchlist and web broker, which you and I are on right now, having this conversation. We do know there is Advanced Dashboard which we show audiences regularly. Someone wants to know about watchlist in Advanced Dashboard.
>> A.D. goes beyond what web broker can offer you.
Webbroker allows you have up to 10 watchlist with 10 symbols in place.
Advanced Dashboard does not have caps like that. It also streams in real-time.
It updates as the market moves. The market doesn't wait for anybody, especially your watchlist.
Let's show you in Advanced Dashboard how we can use that wonderful tool.
One thing I wanted to show us here in WebBroker, if you spend time and crafted a watchlist that was near and dear to your heart, you can export that into Advanced Dashboard. There is a download button on the right hand side. If you download that onto your computer, I will show you were the import functionality is.
I've got Advanced Dashboard on my of the screen so let's bring that up. The easiest place to find watchlist within Advanced Dashboard is under the charts list. It's automatically created for everybody. The nice thing about Advanced Dashboard is the ability to customize in any way that suits the user. I'm going to stick with this for the sake of time.
I'm going to maximize the screen so we get a more fulsome view of the watchlist functionality.
About that little tip on importing and exporting watchlist.
We will find the ability to import is this hamburger, the three lines in the top left-hand corner.
If I click on that, you will notice there is export as well is important.
I can import any list of exported from anything as long as it's the correct file type.
We can see the watchlist, as I mentioned, it's real-time. Things are updating. As they take up and take down, you are getting corresponding movement and colour changes on the list.
If we are going to go ahead and make some changes, this is where the Advanced Dashboard customization and personalization shows itself.
I can go ahead and make column sets that work for me so I'm not just stuck with the tabs that WebBroker had. I can go to the hamburger menu at the top left of the page and this time I will select the manage template function. By choosing that, I get to, you will notice I've done this over a few times over the years and master classes in here on the show, you can create many different templates that work for you. We can click on new, give it a name, MT for MoneyTalk, money talk two, and then we will save that.
We will add it from the side. We can choose more in depth. We've got ex dividend date, maybe we want to add that over from the left-hand side. This is going to be open, available to any customer to make the particular changes that they want to see and we got a question coming up later around PE, we can even add those into our watchlist.
After I'm satisfied with what I see here, I can go ahead and see the template in the drop-down menu at the top of the screen.
This is the standard layout for everybody else if I click on that we can scroll through and find the ones we have created for ourselves. MT2 is the one I just made and so I will pull that up and we can get that information that I said was important to me.
We are not them customization. I will show you additional features. You can sort by any of the columns.
For instance, if I want to put this on ascending order, I can click on bid price, I can sort from lowest to highest or highest to lowest.
If I want to remove the sorting altogether, I click at a time and the arrow is removed. Limit sorting by any of the columns, I can drag the symbols around and move them around on the list by clicking on the grid of nine dogs and dragging it and dropping it down. I can also rearrange the columns by moving them around so I can make that as personalized as possible.
One Listeria personalized, if you called long, extensive lists like we have here, you can create submenus within your lists.
I'm going to create a US and Canadian breakdown.
If we see that Tesla, a US company, if we click on the three dots on the left-hand side, down at the bottom, there is open symbol in or move to group. If I move to group, if I go ahead and create a group that's just USD, if I say that here, what you are noticing now is right here above where Tesla was is a USD folder.
TAL down here, that's the next US on the pups out to me, I can go back to the same three dogs, move the symbol into USD, so I can create multiple watch lists that have all of these different symbols or a can create subgroups to keep the heads and tails of the different symbols to ensure that I'm able to not miss the forest for the trees if you know what I'm saying.
>> A lot of functionality there.
Appreciate you walking us through that. We are in Advanced Dashboard. Let's stay here. We have a viewer wondering where they can find earnings information in Advanced Dashboard.
>> We don't need to leave Advanced Dashboard to do research.
It's great for trading and customization but there's also some next level financial data available here in the platform. Let's take a look at that and I will show off some of those neat functionalities.
I'm back on our chart tab here. We got our watch list on the left that we spent time chatting about. We have our chart on the right.
We have Shopify on our chart. I want to show you a quick way to get earnings information on the chart and then we will take a deeper dive into earnings.
Back to our hamburger menu, these hamburger menus will be a common navigation point for users on Advanced Dashboard, they are a way to get information and make adjustments.
If I click here, there is an opportunity that says show events. We can see there is earnings, dividends and splits.
If I click on show earnings, I am on a one-day chart.
What I want everybody to see here is these little earnings flags, blue flags, if I go ahead and click on the green, that's green, if I click on the green flag, I can see the specific earnings stats as well as actual reported earnings amounts and estimates.
It's a good way to keep abreast of what's going on in the market. If you want to dig deeper, there is an analytics tab at the top of the page.
If I click on it, there's all sorts of information available here for users about financial statements, ratios and dividend information.
We are on the page looking at estimates and ratios is the one that I got highlighted first of all.
You can see that we've got a really nice historical look back at different data points and these data points you will see these bar charts at the top of the page, they are all fed from the information down below. On the far left, we have earnings-per-share.
If I prefer earnings yield, I can select earnings yield from there and we will get the corresponding chart to switch to the data that we want to see and is important to us. These are our ratios.
If we are looking for more information, these icons at the top of the page or where you will be able to cycle through to get that data.
I will show you company profile. Company profile is a high-level overview of the company.
You get a description of their business, understand their size, where they are located. I recommend getting in there and taking a look at that.
Up to the top the pages where we continue to move and find out more. We have already looked at financial statements and if we want to look at estimates and ratios, sorry, financial statements is our opportunity to look at all of the data that gets reported by CFOs on earnings calls but we can keep looking at more here.
Dividends is here as well, Shopify is now paying dividends.
If we switch that over to TD, we can see how, historical rundown of dividends as well as ex dividend dates.
Last earnings tool that I think is a really interesting edition on Advanced Dashboard is this a Earnings Analyzer appear at the top of the page.
I'm going to go ahead and click on that page and give you a run through of what's going to be appearing here.
You're not only going to get your price chart so we can see how the company's stock performance is done but what's really cool is the bottom half of the screen here.
It's overlaying some fundamental data along with analyst projections and standard deviations. We are getting pricing bands, the likelihood at which the stock could trade out over a given period of time.
So we've got that all listed down below.
All of this information is brought to bear in one place. Do not sleep on using this tool.
The last thing I want to highlight for everybody is pretty interesting, it's a synopsis of the earnings information, so we get to see the price of the stock, we get to see when the next earnings events are common, whether it's before the market, getting up to May 23 is when we can expect TD to report next. We are combining that with analyst information, so we are not having to navigate around to lots of different place. It is all consolidating around here to help you make that decision.
You are getting implied volatility, you can see how volatile the stock is expected to be and then also there's probability to see what analysts are projecting in terms of movement in the market.
>> A lot of powerful tools to dig into.
As always, make sure you do your own research before making any investment decisions.
we are going to get back your questions about WebBroker for Jason Natyk in just a moment's time.
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.
We are back with Jason Natyk, take your questions about WebBroker and Advanced Dashboard. I give you just enough time to get a drink of water and now we are going to send you more questions.
>> I'm ready for it.
>> Here it comes.
Is there a way to find the current yield for US and Canadian two years, five years and 10 years bonds?
>> There sure is. Over the last couple of years, as interest rates and inflation have dominated a lot the discussion, there has been more interest shown from a fixed income perspective and WebBroker has lots of choices for you there. If we want to be checking different products, different yield lengths and things like that, WebBroker is a great tool for you. Let's pop over and take a look at that.
To begin your research with regards to fixed income, we are going to go back to the research tab at the top of the page.
The second column over his our investments.
Here towards the bottom of this list, we are looking at fixed income and I also want to highlight that they have the opportunity to dig in to get GIC information, that has its own separate area, whether you are wanting to get quotes or purchase them yourself, that's available here on the platform. Back to fixed income, we can go ahead and choose that. We are now in our fixed income centre.
If we are focusing in on may be just finding US or Canadian or different lengths of maturity, different yield, let's focus on the US first. On the portfolio list, we have U.S. Treasury list available for everybody to access. If we click on U.S. Treasury bonds, that's going to be available here.
We can see the different lengths of maturity here. One year, two year, all the way out to a 2054.
Hopefully we are all here to see that come to maturity. That's here for us to view.
Not just view it but you can start the buying process. If this is something you have already researched, you can go ahead and select the boxes and begin the trade.
From a Canadian perspective, I'm going to go back to the fixed income Centre, there's a whole section of Canadian bonds as well. It's on the left-hand side, middle row.
Let's say we are looking for something in the 0 to 5 year range.
That's our opportunity to see all of the different issuers that the Canadian government has got out there. We can look at all of the different maturity dates and all of the different coupons. If you find one that's a little more interesting to you you can go ahead and click it. It will bring up the full rate sheet for you to do more analysis.
Fixed income doesn't stop there.
That's just two products.
I want to show everybody that if you are not just after one but a broad range of products, you can search the market for issues that meet your needs. You can do that by using a fixed income search at the top of the page.
You can see all the products are listed on the line.
We can go corporate bonds and let's do Canadian and do a quick search.
We are casting a very broad net see you can add in additional criteria but you can see how quickly and easily I can find what's out there and I have the opportunity to save this list for later so I don't need to re-create the wheel and I stay abreast of what fixed income is available for my attention based on my own individual criteria.
>> That's good information on fixed income and bond yields. Someone wants to know where you can learn more about charting or technical analysis.
This is an area rich with content. There's a lot to technical analysis.
>> We are really going to go to the polar opposite of buying and holding bonds to something short-term with technical analysis. I do want to stress that technical analysis is one of those topics, Rome was not built in a day and technical analysis is itself not learned in a day either.
But I want to point out that even if you don't consider yourself a technician or a charting Wizard, we've got tools on the platform to help you identify when there are specific events, when there's crossovers that may require your attention but then take it beyond that and teach you more about those events.
Let's take a look at the technical tools and then we can see what value we can add to a trader's toolkit.
I'm going to go back to the research tab at the top of the page. Back into stocks.
We've got Bank of America still up on the list.
Beneath the quote, I want to highlight for everybody the technical tab. If I go ahead and choose the technical tab, this is going to bring you to one of those hidden gems that I was referring to at the top.
This is your opportunity to have the system work for you to scan the market for specific events. I went to school down on this page. You will notice you can also highlight specific time periods. If you are more interested in a short-term trade versus a long-term trade, we can isolate those events.
But just to point out what we are looking at, we got our bar chart up on the screen and there are all these little icons that are posted up on this chart. These are corresponding to specific technical events that have happened. If I hover my mouse over them, let's choose this one, it highlights the event as it took place. He gives me the date, this one is a little bit longer term, he goes back into December, so maybe not an actual idea at this point, we could have chosen something nearer term but it tells me about the event.
It highlights averages that were crossed over and it tells me about why this could be an important event for my own trading and I can read more about this.
Before we click on learn more which is going to bring you to the education aspect of the triple moving average or any other event that you clicked on, I do want to highlight something that's really neat about this page. It's the opportunity, all that's found on this page is, it is all an algorithm. There is also support and resistance and eventual stop price to think about. If I tap on support and resistance, you will notice that there are now two horizontal lines indicating support and resistance over a predetermined time frame. On the rate it's noted for me that I bought 100 bars. If I'm looking for something shorter or longer, I can look for that.
So that's the support and resistance.
If we want to take it further, let's go back for a quick second into WebBroker and I'm gonna show you where you can find and learn more about particular patterns and how they can be used by yourself. Going to the top of the page, there is a graduation, for a lack of a better term, in the upper right-hand corner. If I click on that from within the site, I go to our education area within technical analysis.
On the left-hand side are all kinds of different study patterns or chart patterns as well as candlestick patterns. If I go ahead and choose indicators, indicators was the one we saw in the chart, we had the triple moving average crossover, to keep things consistent, if I choose the triple moving average crossover, not only does it give me a description of what is taking place, I can also scroll down and see some additional trading considerations to keep in mind when I am thinking about using that crossover for my own benefit.
Beyond that, just quickly here, the top of the page, there is find events.
If I really believe that this event is something that is significant for me and I want to use this for future trading opportunities, yes we are looking at Bank of America but if I choose find events, this is now going to scan the market for many more recent triple moving average crossovers or whatever indicator you happen to be learning more about and now I've found other opportunities to dig in and look to see if it suits my investment philosophy.
>> A nice rundown of technical analysis and the first steps into a much larger world. Let's get to another question.
That was a Star Wars reference for you geeks out there. What is the best way to find historical stock price to earnings ratio?
>> Let's look into that. We saw in Advanced Dashboard, I added it to your chart but I wanted to show you some tools in WebBroker where you can get information as well.
We are on the research page and we are going to stay consistent with the company we are looking at. We are going to go back to the overview page to start us off. If we are looking to find PE, right now, at the present time, that's price-earnings ratio is what we are looking at, if we scroll down on this particular page, there's a lot of great information. We can see market cap, how big is the company based on number of shares and share price, but if we are thinking about PE, it is listed right here.
I keep getting aggressive with the highlighting.
PE is right in the middle of the screen.
His 11.6 times the price-to-earnings.
If we think of price on top of the numerator and denominator being the earnings-per-share of the company, so we can analyse that for our purposes.
If we are looking to kind of see how that is changed over time, I think the easiest way that I can do that here is doing it through the charts.
If we go ahead and choose the chart sub tab right where the stock quotas, second from the left, we got a three month chart here on the company. Down below the chart is the volume. We are going to add a PE lion to the lower studies here. So where would you go and choose the same lower studies indicator dropped down and go ahead and look for PE in this list.
It's all alphabetical.
We can find P/E ratios.
Now if we look down below where the volume bar is, we can see. If we are looking to find out what the P/E ratio was when the calendar turned over to 2024, we find the closest candle, but are most there and at the start of 2024, we were at a 9 1/2 P/E ratio, it's no little bit of a higher rate based on its present factors.
Just quickly so I can give everyone a little bit information about the charts themselves, if you've ever audited a study onto your chart and he wanted to learn more about it, what I recommend is to go ahead and click on the name of the study on the left-hand side.
He ratio, you want to know more about that, we can go ahead and he gives a simple acclamation.
What about something more involved like an RSI or Mac D or Bollinger Bands that we split as an upper indicator? Clicking on the name of the study will allow us to learn more about it and if we want to make adjustments or alterations to the formulas of the studies, you will be able to do that all and through here as well. A little bit of a tip to make use of the charts.
>> We are going to get back to your questions on WebBroker for Jason Hnatyk in just moments time.
As always, make sure you do your own research before making any investment decisions.
and a reminder that you can get in touch with us 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.
[music] Alright, we've got Advanced Dashboard in the spotlight today. We are going to take a look at the heat map function, tell us with happening out there in the markets.
Gives us a nice view. We will start with the TSX 60. We will screen by price and volume. We have golden recent sessions making record highs. It is holding it at those record levels.
Kinross Gold is up about 3%.
That's where you're going to find the green on the screen.
Figures are a bit more muted if you move out of the materials space, whether it's the financials, not up to a lot today, and Cameco, the uranium play, and had a strong start to the year but it's been choppy since then. Cameco is pulling back about 2%. South of the border, let's check in on the S&P 100. We are seeing downward pressure on both sides of the border today to start the trading week. What we have in our hands? It's a real mix.
AMD, the chipmaker, down to the tune of about 3%. Nvidia is down modestly after pulling back five or 6% on Friday, no real reason other than the fact it's had a big run in some money came off the table.
Google to the upside.
The definition of a mixed picture.
We are back now with Jason Natyk from TD Direct Investing, taking your questions about what broker and Advanced Dashboard.
Someone wants to know, is there a way I can see when the earnings release will be and what the street estimate might be?
>> We are looking at historical information, projections, analyst information about what they think the pricing projection is for maybe the next 12 months. WebBroker has you covered with a lot of that information. Maybe we will take a top-down approach to looking at earnings.
What I would like to show everybody first is the research tab at the top of the page. I spent a lot of time there because there's so much great information. I'm going to go this time under markets. You will notice that all the way down towards the bottom of the list there is an events selection.
If we choose that, he gives us an opportunity to scan the markets for many different things going on. We are on the highlights page.
We can see earnings announcements, dividend information, we can track splits as well as analyst reading changes.
We are looking at today's date, Monday the 11th, we can go ahead and look at future dates.
And we got the chance to look at both Canadian and US markets so a little bit of a sneak peek across the board. I will flip over to the US flag so we can look at some of that information as well.
If we click on the earnings announcements, we can see there are 169 US companies that are reporting.
We have tipped out of peak earnings season but when things come back around in 2 1/2, three months, you will have this opportunity to come and scan for it so you're prepared. On the screen, it's got a lot of great stuff going on.
You can see the period at which the company is reporting.
When the companies earnings become reported, the field will fill in. These companies are seeing now are likely reporting after the bell today but if there were premarket earnings, the field would be filled in. We are getting estimates from analyst which we can compare against the actual information and we are getting previous years information.
We are looking at quarter over quarter, year-over-year.
You got some perspective of what's going on.
If we want to take this a little bit further, I will pick the top company at the top of the list for the sake of efficiency, we want to learn more about the company itself. We can go ahead and click on the symbol and is going to bring us back to the overview page. By choosing overview, it brings us back here. We have spent some time here today. But we have not chatted about the earnings tab. Right in the middle of these menus, right beneath the quote, I can click on earnings and this is where I can do some analysis of historical earnings as well as estimates of what's coming out in the future. We are at the quarterly view. I can look at the three month period to see other companies actually performed but we also get to see future projections of what the market is expecting to do and just like we looked at it and Advanced Dashboard, you got that standard deviation see about that percentage likelihood of the range of the earnings estimates.
We can be prepared to see if there are any positive or negative surprises when these actually come to fruition.
We can flip this over to the annual events, we can look back from a 10,000 foot level and get a little bit more perspective.
Beyond this, we've got some synopses on the table on the right.
We get to see, if we are looking for a really fundamental focus report, like a MorningStar report available on this page, and we get to see some additional charts, we can fill in the blanks of what's been added. A nice top-down approach. We can see who has been reporting and get into the weeds and individual companies earnings here in the market overview section.
>> Jason, always great to tap your expansive knowledge of the platforms. I enjoyed it, I know the audience did to you and I look forward to the next time.
>> Yeah, lots of fun. Looking forward to the next time.
>> Maybe it's tomorrow.
We will have you on deck soon.
Our thanks to Jason Natyk, Senior client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
if we don't have time to get your question today about the platforms, we will aim to get into some upcoming episodes. Stay tuned for tomorrow show.
Bart Melek, global head of commodity strategy with TD Securities will be here, taking your questions about commodities.
Interesting stuff happening in gold and oil. I know you have questions. You can get a Headstart.
Just email moneytalklive@td.com.
That's all the time we have for the show today. Thanks for watching, we'll see you tomorrow.
[music]
