Colin Cieszynski, Portfolio Manager & Chief Market Strategist, SIA Wealth Management
Focus: Technical analysis
Top Picks: Methanex, GE Vernova, BMO Equal Weight Oil & Gas ETF
MARKET OUTLOOK:
The next 24 hours could potentially be very significant for the trend of world markets. U.S. President Trump’s deadline for talks with Iran ends at 8:00 pm Eastern Daylight Time (EDT) this evening. If a ceasefire deal is not reached, the U.S. has threatened to start bombing bridges and power plants. So far, Iran has given no indications of accepting terms.
The last month has been a volatile time for markets with significant changes in direction day to day and post to post as war developments have been the primary factor driving global market sentiment. Amid this uncertainty, the last month has generally seen stocks decline and oil rally. In the last week stocks have rebounded while oil has remained above US$100 per barrel.
Early indications suggest the world economy has held up in the face of war disruptions. Next week earning season begins where earnings and guidance may tell us more about the wider impact, particularly on inflation.
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TOP PICKS:
Methanex (MX TSX)
Methanex has been climbing up the rankings in the SIA Canadian large cap universe, benefitting from renewed interest in the fertilizers and chemicals sector. The shares have been trending upward for nearly a year. Gains have accelerated since January with the shares breaking out in March. Earlier this month it broke through its 2018 previous peak to a new all-time high.
GE Vernova (GEV NYSE)
GE Vernova, a producer of heavy equipment for power plants is currently the #1 ranked stock in the SIA North American Mega Cap relative strength rankings. The shares broke out in February and have continued to steadily climb.
BMO Equal Weight Oil & Gas ETF (ZEO TSX)
Benefitting from the recent rally in energy prices, energy sector exchanged-traded funds (ETFs) have soared in the SIA Canadian ETF relative strength rankings, replacing metals ETFs at the top.
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| MX TSX | N | N | Y |
| GEV NYSE | N | N | Y |
| ZEO TSX | N | N | Y |
PAST PICKS: NOV. 18, 2025
Power Corp (POW TSX)
Then: $68.31
Now: $68.19
Return: -0.17%
Total Return: 2%
Alphabet (GOOGL NASD)
Then: US$284.28
Now: US$297.93
Return: 5%
Total Return: 5%
General Motors (GM NYSE)
Then: US$67.93
Now: US$72.31
Return: 6%
Total Return: 7%
Total Return Average: 5%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| POW TSX | N | N | N |
| GOOGL NASD | N | N | N |
| GM NYSE | N | N | N |
