CIBC’s Sid Mokhtari Shares Top 10 Stock Picks for March
February proved to be an eventful month for equity investors, with the S&P/TSX Composite Index achieving a remarkable 7.57% rise. This growth was broad-based, with gains observed across nine of the eleven sectors. Notably, seven sectors saw price returns exceeding 6% during this period.
Sector Performances in February
The standout sectors included:
- Materials (Gold and Silver Stocks): 21.6%
- Consumer Discretionary: 10.4%
- Consumer Staples: 10%
- Energy: 8.5%
- Healthcare: 8.4%
- Utilities: 8.1%
- Industrials: 6.3%
Sid Mokhtari’s March Stock Picks
Sid Mokhtari, CIBC’s chief market technician, publishes a monthly list of top stock picks. His selections are derived from the largest 100 firms based on market capitalization within the S&P/TSX Composite Index. Historically, Mokhtari’s recommendations have outperformed the index in diverse market climates.
In February, his portfolio rose by 9.79%, outpacing the S&P/TSX Composite Index by 2.22%. Over the last four years, his selections have consistently yielded better returns than the index.
Performance Highlights
Key performance statistics include:
- In 2025: Portfolio rose 51.3% vs. 28.3% for the index
- In 2024: Outperformed by 5.8 percentage points
- In 2023: Outperformed by 6.3 percentage points
- In 2022: Outperformed by 2.7 percentage points
New Additions for March
Mokhtari’s March portfolio includes nine new stocks and one from the previous month. Notably, he increased the portfolio’s energy exposure from 30% to 40%. New additions comprise:
- Keyera Corp. (KEY-T)
- Paramount Resources Ltd. (POU-T)
- PrairieSky Royalty Ltd. (PSK-T)
- Peyto Exploration & Development Corp. (PEY-T) – carryover from February
The second-largest sector in his portfolio is materials, featuring:
- CCL Industries Inc. (CCL-B-T)
- Kinross Gold Corp. (K-T)
Other significant selections include:
