Reports today of it in talks with Apple to license its Gemini AI for Apple's iPhones. That's positive. GOOG is a kind of dysfunctional stock. Own, don't trade Apple, but he can't say the same about Alphabet.
The question was on his son's starting portfolio. Should it be in utilities or banks. Go with Canadian banks and start with the one his son deals with.
Company Highlight:
ARC Resources Ltd. (ARX): Acquires and develops crude oil, natural gas and natural gas liquids in Canada through its interest in the Montney basin located in Alberta and northeast British Columbia. ARX has cyclicality in revenue and earnings. Over the last few years, ARX experienced a decent tailwind due to record energy prices and favourable operational leverage. The company is returning capital through dividends and buybacks with a combined yield of around 6% on the trailing twelve-month basis.
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The week began with WTI closing in on $83 a barrel after rising 2.3%. Energy and real estate’s gains almost offset staples, materials and other laggards on By Street. The shed 12 points on Monday in mixed trading.
Notable names included Vermilion Energy up 5.04%, BlackBerry -6.79%, Alimentation Couche-Tard -3.42%, Aritzia -3.18% and Nuvei which soared nearly 32% after reports of a possible buyout. Gold edged up to $2,160 an ounce.
Wall Street enjoyed modest gains: the S&P rose 0.63%, the Nasdaq 0.82%, and the Dow 0.2%. Key names included Tesla up 6.25%, Super Micro Computer closing -6.38% and Abbott Labs -2.64%. Making headlines was Alphabet’s Gemini AI being considered for Apple’s iPhones. Alphabet rallied (A class) 4.6% on the news while Apple advanced 0.64%. Meanwhile, the U.S. 10-year yield edged up to 4.33% as Bitcoin slipped 1.6% to $67,200.
🛢 Vermilion Energy Inc (VET-T) +5.04%
📱 BlackBerry (BB-T) -6.79%
🍱 Alimentation Couche-Tard (ATD-T) -3.42%
👗 Aritzia Inc. (ATZ-T) -3.18%
💾 Nuvei Corp (NVEI-T) +32%
🚗 Tesla Inc (TSLA-Q) +6.25%
💾 Super Micro Computer (SMCI-Q) -6.38%
🧫 Abbott Labs (ABT-N) -2.64%
🧮 Alphabet Inc (GOOG-Q) +4.6%
🍎 Apple Inc (AAPL-Q) +0.64%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.6%
Here are the Canadian companies listed on Stockchase who are reporting earnings this week: 🛢 Basic Materials 🚚 Industrials ⚡ Energy 🏛 Financials 🛍 Consumer 💻 Technology 👨⚕️ Healthcare Use this list wisely to identify buying opportunities.Happy trading !!! read more
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