Market News
Beginning on a positive note, the Toronto Composite 300 (TSX 300), S&P 500, Dow Jones Industrial Average (DJIA), and the Nasdaq Composite (Nasdaq) all opened the new quarter (October through December) on a positive note. Of the 11 major sectors in the S&P 500, all but healthcare stocks ended higher.
However, looking back at September, the TSX 300 dropped, the first losing month since January 2021, and ended the third quarter down .5%, the worst 3-month period since Q12020. A slight rise on Friday couldn’t prevent a loss for the week, its fourth straight weekly decline. The S&P 500 snapped a 7-month streak of gains and posted its worst monthly performance since March 2020 (before the pandemic hit the world). The DJIA saw its largest monthly percentage drop since October 2020. The Nasdaq also saw its biggest monthly drop since March 2020.
All three major U.S. stock indexes had their worst quarterly performance since the opening months of 2020. The Nasdaq and Dow suffered quarterly losses, with the S&P500 avoided a quarterly loss with a modest gain over the quarter. As with the TSX, despite a late afternoon rally, led by positive economic data (increased consumer spending, accelerated factory activity ) and Merck’s new COVID medication, lifting all three indexes into positive territory for the day, they ended the week lower than last week.
With all the indexes down for the week its not surprising all three portfolios were down. Unfortunately, all had a worse week than the Nasdaq which had the biggest drop of the Indexes.
For the month of September, I was pleased that Portfolio 2 not only beat all of the Indexes but also eked out a tiny gain. On the downside, Portfolio 1 underperformed all the Indexes except the Nasdaq while Portfolio 3 didn’t even beat the Nasdaq. ☹
With the historically most volatile month of the year behind us, I hope that’s the last month where any of the portfolios finish on with a negative.
Companies on the Radar
I didn’t have a chance to take a close look at any new companies last week but identified existing companies that might be worth adding shares. I was looking for highest percentage growth rates since purchased, the highest compound annual growth rates (CAGR) since purchased, and companies that I felt were part of a growing trend, such as cybersecurity and digital advertising. In no particular order those companies include:
- Nvidia (NASD:NVDA)
- Celsius Holdings (NASD:CELH)
- Nuvei (TSX:NVEI)
- Innovative Industrial Properties (NYSE:IIPR)
- Trisura (TSX:TSU)
- Global-E (NASD:GLBE)
- Cloudflare (NYSE:NET)
- Crowdstrike (NASD:CRWD)
- Roku (NASD:ROKU)
- SEA Limited (NYSE:SE)
- Trade Desk (NASD:TTD)
Portfolio Update
Portfolio 1
Portfolio 1 for the week ended October 1, 2021: DOWN 
It is not fun when a company you own is the subject of a short seller report. In this case, despite a Friday rally, Lightspeed Commerce saw its share price drop over 20% during the week. The bigger question, how accurate is the report? The claim is Lightspeed is not providing enough information to investors to accurately assess its growth potential. Despite this report, I’ll hold my shares for now but will pay close attention to this situation. I hope this is not another Luckin Coffee situation. That company was found to have cooked their books causing the share price to fall from ~ $45 to $4.00.
Great Canadian Gaming Corporation (TSX:GC) The company has been delisted and the cash has arrived in the account.
Activity
No significant activity to report this week.
Dividends
Dividends Received this week for the following companies:
Companies followed by DRIP (Dividend Re-Investment Plan) indicate additional shares were purchased with the dividend. Any cash leftover was added to the cash balance.
Canadian $
US $
No US$ dividends this week.
Quarterly Reports
No quarterly reports this past week.
Portfolio 2
Portfolio 2 for the week ended October 1, 2021: UP 
Activity
No significant activity to report this week. Growing wealth slowly. 😊
Dividends
Dividends Received this week for the following companies:
Companies followed by DRIP (Dividend Re-Investment Plan) indicate additional shares were purchased with the dividend. Any cash leftover was added to the cash balance.
Canadian $
Brookfield Infrastructure Corp (TSX:BIPC)
Brookfield Infrastructure Partners LP (TSX:BIP.UN)
US $
No US$ dividends this week.
Quarterly Reports
No quarterly reports this week.
Portfolio 3
Portfolio 3 for the week ended October 1, 2021: DOWN
Activity
No activity to report. Growing wealth slowly. 😊
Dividends
Dividends Received this week for the following companies:
Companies followed by DRIP (Dividend Re-Investment Plan) indicate additional shares were purchased with the dividend. Any cash leftover was added to the cash balance.
No dividends received this week
Canadian $
Brookfield Asset Management Reinsurance Partners (TSX:BAMR)
Brookfield Renewable Corp (TSX:BEPC)
US $
No US$ dividends this week.
Quarterly Reports
No quarterly reports this week.