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CIBC Technician Sid Mokhtari Unveils September Stock Picks Amid Market Caution
Finance · Investment Banks/Brokers · globe_inside_market · 2026-09-01
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CIBC Capital Markets analyst Sid Mokhtari has released his top 10 stock selections for September, emphasizing a strategic shift toward energy and materials.
What Happened
Market Performance Overview: The S&P/TSX Composite Index reached record highs in August, driven largely by gains in the materials, technology, and communication sectors. Despite this broader success, specific sectors including healthcare and real estate faced significant downward pressure during the same period.
Investment Strategy and Track Record: Sid Mokhtari utilizes a quantitative and technical screening process to select top-performing stocks from the largest 100 companies on the TSX. While his recent monthly performance lagged behind the index, his long-term strategy has consistently outperformed the broader market over the past four years.
September Portfolio Adjustments: The new portfolio for September features a heavy concentration in commodities, with 30% exposure each to the energy and materials sectors. Key additions include Cenovus Energy, Teck Resources, and Shopify, reflecting a diversified approach intended to navigate potential volatility.
Technical Outlook and Risks: Mokhtari warns that market internals are showing signs of fragility, noting that narrowing breadth and historical September weakness suggest a period of potential mean-reversion. He advises investors to remain cautious, citing low volatility levels and a lack of participation in new 52-week highs as indicators of complacency.