Canadian stock alert

CANA

Afternoon Alert: Canadian Imperial Bank of Commerce hits 52-week high fifth time in one month 20 September 2018 12:14 EDT

NEWS BITES - NORTH AMERICA

Canadian Imperial Bank of Commerce (TSX:CM) hit a 52-week high of CAD124.77 today for the fifth time in the past one month and last traded at CAD124.72. This brought its five-day rise to CAD2.32 or 1.9%. Trading volume was 1.2 times average so far today.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Canadian Imperial Bank of Commerce put call ratio decreases 2.4%, stock increases 0.8% September 19, 2018 17:00 EDT

Canadian Imperial Bank of Commerce (TSX:CM), Canada's 5th largest Bank by market cap, has increased 96.0c (or 0.8%) in the past week to close at CAD123.53. Open interest contracts on exchange traded options included 67,550 put contracts and 69,347 call contracts. The put:call ratio was 1.0, down 2.4% for the week. The decrease is a bullish indicator. Compared with the S&P/TSX 60 Index which rose 7.5 points (or 0.8%) in the week, this represented a relative price change of -0.01%. In the past week the market cap has risen CAD425.5 million (US$326.2 million).

1.2 5-day Recap

Canadian Imperial Bank of Commerce outperformed the S&P/TSX 60 index in 3 out of 5 days.

DayHeadlineClose price [CAD]Price change %Relative change %Comment
WednesdayCanadian Imperial Bank of Commerce hits year-high 4th time in one month123.530.30.5
TuesdayCanadian Imperial Bank of Commerce shares post best quarter in six quarters123.20.3-0.4Top Rise
MondayCanadian Imperial Bank of Commerce rises for a second consecutive day, a two-day rise of 0.4%122.860.2-0.2
FridayCanadian Imperial Bank of Commerce rises with rising open interest122.560.10.1

Note

DayHeadlineClose price [CAD]Price change %Relative change %Comment
ThursdayCanadian Imperial Bank of Commerce falls for a second consecutive day, a two-day fall of 0.9%122.4-0.10.001Steepest Fall

SECTION 2: Technical indicators

Bullish:

The positive 0.92 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.

In the last one month the stock has hit a new 52-week high five times, pointing to an uptrend.

The price increased 1.9% in the last week and lifted 2.4% in the last month.

The present value of CAD1,000 invested one year ago is CAD1,236 [vs CAD1,062 for the S&P/TSX 60 Index], including a capital gain of CAD181 and dividend reinvested of CAD55. The total return to shareholders for 1 year is 23.6%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Parity:

Return on Equity 15.3% [14.8%]

Return on Assets 0.8% [0.9%]

Undervaluation:

Dividend yield of 4.2% [3.6%]

Overvaluation:

Price/Sales of 4.1 [0.8]

Note

The stock has outperformed 78% of the Canadian market over the past 6 months.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US billion42.8In Top 2%
Today's Volatility %0.7In Top Quartile
Price/MAP2001.07In Top Quartile
1-month Range (in CAD)121.4-124.8
Bollinger Bands1.3Bearish

SECTION 4: Recent News of Canadian Imperial Bank of Commerce

September 19: CIBC announces changes to the CIBC Atlas Clean Energy Index

DENVER, Sept. 19, 2018 - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance following close of business on September 21, 2018 will result in changes to the CIBC Atlas Clean Energy Index (the "Index"), as follows:

Acuity Brands Inc. (Ticker: AYI) will be added to the Index FuelCell Energy Inc.

September 19: Media Advisory - CIBC's Victor Dodig to Speak at the CIBC 17th Annual Eastern Institutional Investor Conference

Canada NewsWire

TORONTO, Sept. 19, 2018

TORONTO, Sept. 19, 2018 - Victor G. Dodig, President and CEO, CIBC (TSX: CM) (NYSE: CM) will speak at the CIBC 17th Annual Eastern Institutional Investor Conference on Wednesday September 26, 2018 in Montreal. Mr. Dodig is scheduled to address the conference at 8:00 a.m.

September 12: CIBC Announces First Women in Leadership Social Bond Framework in Canada

Canada NewsWire

TORONTO, Sept. 12, 2018

New framework enables bond offerings for institutional fixed income investors focused on corporations that prioritize gender diversity in leadership roles.

TORONTO, Sept. 12, 2018 - CIBC (CM: TSX) (CM: NYSE) today announced Canada's first social bond framework focused on corporations with a demonstrated commitment to women in leadership roles.

September 05: Media Advisory - CIBC's Victor Dodig to speak at the Empire Club of Canada

Canada NewsWire

TORONTO, Sept. 5, 2018

TORONTO, Sept. 5, 2018 - Victor G. Dodig, President and Chief Executive Officer of CIBC (TSX: CM) (NYSE: CM), will provide a luncheon address at the Empire Club of Canada on Tuesday Sept. 11, 2018. Mr. Dodig's speech will explore choices that can be made by businesses and governments to bolster Canada's competitiveness, manage disruption and ensure productivity and a position of strength, no matter the economic forecast.

Mr.

Canadian Imperial Bank of Commerce (T:CM; TSE:CM; N:CM; CN:CM)

ISIN: CA1360691010

PermID: 4295860600

CIK: Canadian Imperial Bank of Commerce

Source: www.BuySellSignals.com