Chris Lau
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Chris Lau in Value Stocks,

​Action list for Cyber Monday, November 28, 2016

  • 1.Trade the volatility in oil and non-OPEC members hash out a deal to cut output. Without Saudi Arabia on the table, do not expect any agreements. Speculate on DWTI. Hold XOM or BP.
  • 2.Wonder if Gold (DUST) will stop dropping. Of all the commodities, gold is the worst performer. Copper, iron ore (see FCX and CLF) and Natural Gas (see CHK) are up.
  • 3.Speculate on Valeant Pharmaceuticals (VRX). Chances are good the company will announce at least a $1 billion asset sale, if not the sale of Salix, which takes months to negotiate.

Member alert: Coverage regarding rumors of a Salix sale ("Leaked: VRX to sell Salix for $9.7B") was the most popular article reading this past weekend.

  • 4.Watch software analytics firm Splunk (SPLK). The company reports on Tuesday AMC.
  • 5.Trade Canadian banks. Chances are good they will exceed estimates. Scotia Bank, TD, and CIBC report quarterly results this week.