A signal so bullish it might make you $CM

9 de dez.

Key Stats

• 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.