News / Canada / globe_inside_market
CIBC Technical Analyst Sid Mokhtari Unveils November Top 10 Stock Picks
Finance · Investment Banks/Brokers · globe_inside_market · 2026-11-02
NA, BNS, IAG, POW, KEY, PEY, CNR, GFL, SHOP, DOL, BIP, TXCX
CIBC's Sid Mokhtari shares his top 10 Canadian stock selections for November, focusing on technical momentum and quality to outperform the S&P/TSX index.
What Happened
Market Context: Despite October's volatility and rising oil prices, the S&P/TSX Composite Index managed a modest gain. CIBC's chief market technician Sid Mokhtari notes that while large-cap technology stocks have faced significant selling pressure, the broader market internals appear to be bottoming out.
Selection Methodology: Mokhtari utilizes a disciplined quantitative and technical screening process to select the top 10 stocks from the largest 100 companies by market capitalization. This strategy has consistently outperformed the S&P/TSX Composite Index over the past four years, demonstrating resilience across various market conditions.
November Portfolio: The updated list for November features eight new additions and two carryovers, spanning six sectors including financials, energy, and technology. Key additions include National Bank of Canada, iA Financial, Keyera Corp., and Canadian National Railway, reflecting a shift toward quality and value.
Future Outlook: Mokhtari remains optimistic about year-end performance, citing favorable seasonal trends and the expectation of positive breadth expansion. He advises investors to stay invested while broadening their sources of alpha by focusing on high-quality, value-oriented equities.