With Allan Tong
The TSX ended the month 4.4% higher and the day up -.37% to 22,167, a record high. More sectors than not gained, led by materials, energy and utilities while staples and industrials lagged the most.
Key names included Barrick Gold up 2.46%, B2Gold 3.2%, ATS -6.02%, Cargojet -3.29% and Manulife 1.2% as it traded the most hands. WTI crude climbed 2% to $83 a barrel. Speaking of highs, gold climbed to $2,240 an ounce.
Trading was subdued and mixed on Wall Street, with the S&P and Dow adding around 0.11%, but the Nasdaq shedding as much on Friday. For March, the S&P rallied 3%, the Nasdaq 1.5% and the Dow 2%. Walgreens rose 3.19%, Tesla -2.25%, Estee Lauder 6.28%, Carnival -4.94% and Moderna -3.04%. The U.S. 10-year yield held at 4.2%. As Bitcoin rose 1.7% to $70,600, FTX founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from investors.
🥇 Barrick Gold (ABX-T) +2.46%
🥇 B2Gold Corp. (BTO-T) +3.2%
⚙ ATS Automation Tooling Systems (ATS-T) -6.02%
🛫 Cargojet Inc (CJT-T) -3.29%
🏛 Manulife Financial (MFC-T) +1.2%
💊 Walgreen Boots Alliance (WBA-Q) +3.19%
🚗 Tesla Inc (TSLA-Q) -2.25%
💄 Estee Lauder (EL-N) +6.28%
🚢 Carnival Corp. (CCL-N) -4.94%
💉 Moderna (MRNA-Q) -3.04%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.7%
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Our PAST TOP PICK with VTRS is progressing well. To remain disciplined, we recommend trailing up the stop (from $10.50) to $11.50 at this time.
Yes. He certainly wouldn't buy them all, but likes Telus and ENB a lot. As rates come down, the higher-yielding stocks that are still beaten up should start to stage a nice rally between now and the end of the year.
Discover an exclusive list and analysis of the stocks that are trending on social medias—accessible only to our Premium subscribers. With a keen focus on the stocks that are setting social media ablaze, this weekly feature offers an invaluable lens through which to evaluate market movers. Say goodbye to the endless scroll through social media timelines; we curate the buzz so you can invest your time as wisely as your money. Unlock Premium Now.
Company Highlight - Docebo Inc (DCBO):
The No 1 performer on the TSX in February was Docebo Inc (DCBO) - whose stock was up 25% in the month; 16%YTD and 54% over the past year. From a low of $40.60 in early May, the stock price has risen jaggedly to close at $74.08 recently.
DCBO is a leading learning platform provider with a foundation in its mission to redefine the way enterprises, including their internal and external workforces, partners and customers, learn by applying new technologies to the traditional corporate Learning Management System market.
DCBO generates revenue primarily from the provision of access to its platform, which is typically provided on the basis of an annual subscription fee and prepaid on a quarterly or annual basis.
With over 900 employees across eight global offices, Docebo sells its products in approximately 70 countries and empowers nearly 3,700 companies of all sizes, providing access to learners situated around the world in a variety of languages
Results for the quarter ended Dec 31, 2023 (announced February 29, 2024) had revenues at $49.3 million, up 27%; net income at $3.2 million was up by 100%. Adjusted EBITDA $16 million with cash on hand of $71,950 million.
Unlock Premium - Try 5i Free
After he recommended it, they did a secondary offering. He didn't like that, though the stock's okay.
With Allan Tong
Toronto and New York markets edged higher Wednesday in broad-based buying, sending the S&P to a new high of 5,246, up 0.82%. The Nasdaq rose 0.47% and the Dow advanced more than 450 points or 1.19%.
Apple was the most-traded name and rallied 2.03%. Intel jumped 4.07%, Albemarle 8.14% and Cintas 8.12%, but Nvidia sank 2.35%. The U.S. 10-year yield came in at 4.19% as Bitcoin retreated 1.6% to nearly $68,900.
Here at home, the TSX added 0.73% to approach all-time highs. Only tech lost ground and only mildly. Industrials, discretionary and especially materials led the gainers. Of note were TC Energy closing -2.02%, TD up 1.52%, Manulife 1.83%, and Mag Silver 9.48%. Alamos Gold bought Argonaut Gold and the former shot up 6.88%. WTI crude was flat at $81.70 but gold edged up to $2,139 an ounce.
🍎 Apple Inc (AAPL-Q) +2.03%
💾 Intel (INTC-Q) +4.07%
⛏ Albemarle Corp (ALB-N) +8.14%
🛍 Cintas Corp (CTAS-Q) +8.12%
💾 NVIDIA Corporation (NVDA-Q) -2.35%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.6%
🛢 TC Energy (TRP-T) -2.02%
🏛 Toronto Dominion (TD-T) +1.52%
🏛 Manulife Financial (MFC-T) +1.83%
⛏ Mag Silver Corp (MAG-T) +9.48%
🥇 Alamos Gold Inc (AGI-T) +6.88%
#1 factor in Canadian apartments and seniors housing. A large portion of immigrants are seniors, in the prime renting cohort that will look more and more to retirement living. Inter-provincial migration is another factor that makes provinces like Alberta so attractive.
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🚚 Industrials 🛢 Basic Materials 🏛 Financials 👨⚕️ Healthcare ⚡ Energy 🛍 Consumer 💻 Technology 52-Week Low TSX Stocks Here’s this week’s 52-week lows stocks on Stockchase… 🛢… read more
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Our PAST TOP PICK with EPD is progressing well. To remain disciplined, we recommend trailing up the stop (from $24) to $27 at this time.
With Allan Tong
Markets in Toronto and New York cruised positively for most of Tuesday, but ran out of steam by the closing bell. The TSX shed 0.14% with only healthcare and a handful of sectors ending positive. Consumer staples and energy were particular laggards.
Notable names were Canada Goose sinking 6.73% after announcing executive layoffs. Suncor ended the day -0.92% and Athabasca Oil -4.95%, though Nuvei jumped 6.9% and Tilray 7.19%. Gold edged up to $2,196 an ounce while WTI crude retreated 0.6% to $81.50 a barrel.
On Wall Street, the S&P slipped 14 points, the Dow shed 31 points and the Nasdaq declined 0.42%. Of note were Tesla which rallied 2.92%, Ford which closed -3.57%, UPS -8.16% and Dominion Energy -3.25% as energy lagged. McDonald’s announced it would carry Krispy Kreme donuts, whose stock soared 39.36%. Meanwhile, the U.S. 10-year yield held around 4.232% while and Bitcoin declined 0.23% to $69,700.
🧣 Canada Goose Holdings (GOOS-T) -6.73%
🛢 Suncor Energy Inc (SU-T) -0.92%
🛢 Athabasca Oil Sands Corp (ATH-T) -4.95%
💾 Nuvei Corp (NVEI-T) +6.9%
🌿 Tilray Inc. (TLRY-Q) +7.19%
🚗 Tesla Inc (TSLA-Q) +2.92%
🚘 Ford Motor (F-N) -3.57%
📦 United Parcel Services (UPS-N) -8.16%
💡 Dominion Energy (D-N) -3.25%
🍩 Krispy Kreme (DNUT-Q) +39.36%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.23%
At the end of Q1, we're nearing 5 straight months of gains with earnings expectations in the US will exceed 10% and 13% for 2025. Good news is market breadth: 80% of the S&P is above its 200-day moving average and 75% of the world MSCI too. Not just tech is rallying. But the RSI is high, so we're overbought. A near-term pause is possible before the next leg up, and healthy. This US presidential cycle could see some volatility this year, but since 1950 every presidential year with a first-time president has never seen a negative return, but 12.2%. The futures market expects three interest rate cuts this year.
Your Watchlist
Add stocks to watchlist to monitor them daily and get important alerts.
Get Access To Watchlist