Top income investments to buy, U.S. stock ideas, and more: CIBC’s chief market technician answers your questions

CIBC technician Sid Mokhtari remains constructive on market momentum, highlighting multiple bullish technical setups and income-oriented ideas. He flags Brookfield Renewable Partners as a strong technical name with a measured move toward $50+, Nvidia as close to a breakout with upside targets of about US$240 to US$278, and Apple as a fresh buy signal with a measured move toward US$316 to US$320. He is more cautious on Accenture and Telus, while seeing BlackBerry as overbought but still potentially buyable on pullbacks.

Analysis

This is a confirmation tape for momentum and factor leadership, but the more interesting read-through is that the market is rewarding assets with either visible cash yield or obvious operating leverage to AI capex. That combination typically persists until rates stop falling or positioning becomes too crowded; right now the risk is less a macro downturn than a sharp factor rotation out of crowded growth winners into cheaper laggards if yields re-accelerate. The highest-quality setups are names where technical breakouts are being reinforced by a structural demand story, not just multiple expansion.

The renewable infra complex looks like a hidden beneficiary of AI infrastructure spend. Power demand from data centers creates a second-order tailwind for assets that can contract at scale and monetize long-duration cash flows, which is why the recent strength in Brookfield-linked names matters more than a simple yield trade. The contrarian risk is that investors are underestimating execution and financing sensitivity: if credit spreads widen or utility/power policy becomes less supportive, these moves can retrace quickly despite the secular narrative.

Software and consulting remain the cleanest short-side setup, but only tactically. The recent weakness in IT services is likely a late-cycle digestion of AI budget reallocation rather than a permanent impairment, so the better trade is to fade bounces into overhead resistance rather than press outright shorts. Meanwhile, large-cap semis and consumer mega-cap tech are reasserting leadership; if breadth narrows further, index performance may stay strong even as the average stock remains fragile, which is usually the environment where stock-picking dispersion matters most.

Key Decisions for Investors

• Long BEP / BIP on weakness over the next 2-6 weeks; target a 10-15% upside window with tight stops if power/credit sentiment rolls over. Best expressed as a relative-value long versus utilities or REITs with weaker growth linkage.
• Buy NVDA breakouts only on confirmed weekly close above resistance; use a 1-3 month horizon with upside convexity toward a high-teens return, but cut quickly if it loses its near-term support band. Favor calls over stock if positioning is already extended.
• Add AAPL on dips after the initial breakout holds for 2-4 weeks; this is a lower-volatility momentum continuation trade with a better risk/reward than chasing current strength. Use a staged entry to reduce false-breakout risk.
• Fade ACN rallies into the implied bounce zone over the next 1-3 months; this is a tactical short or put spread, not a structural bearish thesis. Risk is a sharp mean-reversion squeeze if software factor leadership broadens.
• Use BB as a high-beta momentum long only if the trend holds above the breakout level; set a trailing stop because overbought breakouts can unwind fast. This is a tradeable technical name, not a core hold.