CIBC’s chief market technician Sid Mokhtari reveals his Top 10 stock picks for September

CIBC’s chief market technician Sid Mokhtari reveals his Top 10 stock picks for September JENNIFER DOWTY PUBLISHED 1 HOUR AGO Open this photo in gallery: Sid Mokhtari, chief market technician at CIBC Capital Markets. SUPPLIED COMMENTS SHARE SAVE FOR LATER Listen to this article Learn more about audio Log in or create a free account to listen to this article. In August, the S&P/TSX composite index was up for a fifth consecutive month and closed at a record high on August 25. Last month, the index advanced 2.96 per cent; however, strength was concentrated in three sectors. The only sectors that posted gains were materials, technology and communication services with price returns of 25.65 per cent, 12.85 per cent and 3.89 per cent, respectively. Gold and silver stocks surged. In fact, the top 10 performing stocks in the Index were exclusively gold and silver stocks. The worst performing sectors were health care, consumer staples, utilities, real estate and consumer discretionary with losses of 7.19 per cent, 6.94 per cent, 6.08 per cent, 4.85 per cent and 4.36 per cent, respectively. In this challenging stock picker’s market, CIBC’s chief market technician Sid Mokhtari helps investors identify stocks with strong technical and quantitative characteristics that may lead to portfolio outperformance. Mr. Mokhtari publishes a monthly report with his top 10 stock ideas. He screens and selects stocks from the largest 100 members by market capitalization within the S&P/TSX Composite Index. His technically driven stock recommendations have consistently outperformed the broader index across a wide range of market conditions. However, last month, his portfolio of top picks was relatively unchanged, declining 0.03 per cent, while the S&P/TSX Composite Index rallied 2.96 cent. Year-to-date, his basket of top picks is up a respectable 10.61 per cent but trails the 14.38 per cent return for the TSX Index. Importantly, his disciplined process has delivered strong long-term returns. His stock selections have outperformed the S&P/TSX Composite Index for the past four calendar years. In 2025, his portfolio of stock selections rallied 51.3 per cent, compared to a 28.3 per cent price return for the S&P/TSX Composite Index. His stock selections also outperformed the TSX Index in 2024, 2023 and 2022 by 5.8 percentage points, 6.3 percentage points and 2.7 percentage points, respectively. For September, his diversified basket of stock selections includes 10 new…