A signal so bullish it might make you $CM
Key Stats
Top 3 Technical Reasons for Bullish Bias
Top 3 Fundamental Reasons for Bullish Bias
Potential Paths to Profit
1️⃣ Lowest Risk: Buy shares outright and collect that juicy dibadend while waiting for the move to $101.
2️⃣ Options Play: Buy LEAPs.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
- P/E Ratio: 12.86 (below the sector average of 11.8)
- Dividend Yield: 3.89%, with consistent payout history
- Next Earnings Date: Feb 27, 2025
- Recent Upgrade: Barclays raised target to $98 (Nov 30, 2024)
- Revenue Growth: 7% YoY
Top 3 Technical Reasons for Bullish Bias
- Breakout Zone Approaching: Price testing $94, a critical resistance from August. Break here unlocks $100+.
- Golden Crossover Incoming: The 50-day SMA is edging toward a crossover with the 200-day SMA—classic bullish signal.
- Strong RSI Rebound: RSI at 58, climbing but not yet overbought, suggesting more room to run.
Top 3 Fundamental Reasons for Bullish Bias
- Undervalued vs Peers: Low P/E and price-to-book ratio make CM a bargain in the Canadian banking sector.
- Dividends Make It Rain: 3.89% yield at this valuation is a fortress for income investors, even if growth slows.
- Economic Recovery Boost: Canada's improving GDP and housing markets directly benefit CM’s retail and mortgage banking units.
Potential Paths to Profit
1️⃣ Lowest Risk: Buy shares outright and collect that juicy dibadend while waiting for the move to $101.
2️⃣ Options Play: Buy LEAPs.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Disclaimer
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