The Globe and Mail Stephen Donovan, MBA Published December 15, 2020
Undervalued Canadian equities with strong price momentum.
The screen
Equity markets in the United States have reached all-time highs over the past two weeks, with some investors and analysts questioning whether we are due for a pullback. Markets have historically performed well during the last five trading days of December and the first two trading days of January, a trend commonly known as the Santa Claus rally. Over the past 70 years, the S&P 500 has increased by an average of 1.3 per cent during this time frame.
Today, we search for Canadian-listed companies trading at a discount relative to their peers that have to potential to exceed the Santa Claus rally.