Jeff Parent’s Top Picks for Nov. 5, 2026

Summary

• Jeff Parent, Sr Portfolio Manager at Castlemoore, holds a slightly bullish market outlook following the mid-term elections.
• The S&P 500 has been consolidating since June, with a decisive breakout above 7,770 required to confirm a positive trend.
• Investors may rotate from tech holdings into consumer staples or utilities in October as tech portfolios face potential 5 to 10 per cent declines.
• Energy stocks make up 17 per cent of the TSX Composite, which could slow the local market rally despite hopes for lower oil prices.
• Parent monitors PTF and SPMO momentum ETFs to confirm S&P 500 moves, with a line in the sand at 7,370 where selling begins if breached.
• Top pick Mullen (MTL TSX) targets a gain to $35 by spring based on rising profits, small acquisitions, and logistics work.
• Choice Properties (CHP.UN TSX) is supported by a bottoming pattern, debt paydown, rent increases, and a five per cent dividend yield.
• Darling Ingredients (DAR NYSE) is selected for its unique animal waste recycling business, with a sell signal if the price drops below 49.
• Past picks from March 23, 2026, include Great-West Lifeco (47% total return), Canadian Utilities (15% total return), and Pembina Pipeline (14% total return).
• The average total return for the previous March picks stands at 25 per cent.