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UnlockRatingMarket Update:
The TSX Index was up 3.26% in the month of January, up 3.26% YTD and 3.71% over the past year. Canadian GDP was up 0.3% in the fourth quarter of 2024 and 1.50% for the full year; in the USA the GDP was up 2.5% for the fourth quarter and 2.50% for the full year. Canadian inflation rate was 1.80% annually in January 2025 and the US annual rate was 3.00% in January 2025.
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UnlockRatingBreadth of the rally has expanded this year, but it has slowed. Trump's tariffs are a negotiating tool, but the market has seen 16% earnings growth vs. 12% expected, and a 77% beat rate in earnings. The market has digested last week's hotter than expected inflation numbers. The market is a mixed bag now, but he's overall more bullish.
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UnlockRatingWe had euphoria after the election, but now we're running into a reality where investors are asking what is going to work and who will it work for? Which sectors and industries given the change we see each day in government (i.e. federal agencies). People are worried and concerned what might happen and this is weighing on stocks. Yes, the S&P is hitting a high today, but the market momentum is fading.
US EQUITIES
UnlockRatingThe S&P is hitting a new high today, but it's on low volumes on a vacation week. Point is, money is not coming in off the sidelines and won't sell either. Rather it will wait and see. Meanwhile, we will see atrophy. This isn't about left or right politics. He needs to see a clear path forward--stability--so he knows where the economy is going. He's spoken to private equity, CEOs and bankers and they're all flummoxed--where is this economy going?
S&P edges to another high
Wednesday was a relatively quiet day on the market, but the S&P advanced 0.24% to reach a new high of 6,144. Meanwhile, the Nasdaq was relatively flat, up 15 points, while the Dow rose 0.16%. Despite fears of tariffs stoking inflation, the U.S. 10-year yield held around 4.53% while Bitcoin increased 1.5% to US$96,400. Key movers included Super Micro Computer up 7.97%, Intel -6.17%, Palantir -10.08% and Devon Energy 7.71%.
Despite slipping 22 points, nine of the TSX’s 11 sectors rallied, led by consumer discretionary and energy as tech lagged the most. Making news were Hudbay Minerals, sliding 13.31% after cutting guidance, SSR Mining jumping 12.74% on earnings, while Gildan rallied 4.08% and Barrick Gold rose 2.53%. Gold held around US$2,934 while WTI crude increased 45 cents to US$72.30 a barrel.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.5%
💾 Super Micro Computer (SMCI-Q) +7.97%
💾 Intel (INTC-Q) -6.17%
💾 Palantir Technologies (PLTR-Q) -10.08%
🛢 Devon Energy Corp (DVN-N) +7.71%
⛏ Hudbay Minerals (HBM-T) -13.31%
⛏ SSR Mining (SSRM-T) -12.74%
👕 Gildan Activewear Inc. (GIL-T) +4.08%
🥇 Barrick Gold (ABX-T) +2.53%
UnlockRatingIt is. Don't look so much on the chart and the share price, but focus on the business fundamentals and valuation. If the fundamentals are good over the long term, and valuation is cheap, it's usually worth hanging on to.
Weekly 52-Week Low (or 52-Week High): BPF.UN-T, SHOP-T, CWEB-T, WEED-T and More 52-Week Highs and Lows (Feb 12-18)
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🛍 Consumer 💻 Technology 👨⚕️ Healthcare ⚡ Energy 🚚 Industrials 🏛 Financials 🛢 Basic Materials 💡 Utilities 52-Week Low TSX Stocks Here’s this week’s 52-week lows stocks on… read more
TSX climbs, Wall Street mixed
Bay and Wall streets reopened after the long holiday weekend to post mildly positive results. The TSX outperformed the NYSE as all but two sectors gained, led by materials and energy, while telcos lagged the most. The Canadian index advanced 165 points or 0.65% and closed on strength.
Key movers included BlackBerry, popping 6.96%, CNQ 1.01%, Veren 1.08%, Interfor 5.13% while Paramount Resources tanked 42.99%. Bay Street seemed unconcerned that inflation ticked up to 1.9%. Gold continued to cruise at record levels, adding US$37 to touch US$2,933, while WTI gained US$1 to $71.80 a barrel.
In contrast, the U.S. markets saw a choppier session as the Dow was flat, adding only seven points, the Nasdaq rose 14 points, and the S&P climbed 0.24%. The talk of the town was Intel which jumped 16.06% on reports and rumours that Broadcom and Taiwan Semiconductor would buy (parts of) the company. Meanwhile, Super Micro Computer surged 16.47%, Walgreens 14.02%, Moderna 8.37% while Medtronic sank 7.26%. The U.S. 10-year yield rose to 4.545 while Bitcoin slipped 1.4% to US$95,109.
📱 BlackBerry (BB-T) +6.96%
🛢 Canadian Natural Rsrcs (CNQ-T) +1.01%
🛢 Veren (VRN-T) +1.08%
🌲 Interfor Corp (IFP-T) +5.13%
🛢 Paramount Resources (POU-T) -42.99%
💾 Intel (INTC-Q) +16.06%
💾 Super Micro Computer (SMCI-Q) +16.47%
💊 Walgreen Boots Alliance (WBA-Q) +14.02%
💉 Moderna (MRNA-Q) +8.37%
🧫 Medtronic Inc (MDT-N) -7.26%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.4%
UnlockRatingSome companies will do well, with or without tariffs. Tariffs are largely on goods, while 80% of the Canadian economy is services like Descartes and TD.
UnlockRatingOur PAST TOP PICK with ONIT is progressing well. To remain disciplined, we recommend trailing up the stop (from $29) to $31 at this time.
UnlockRatingHe feels that Jevon's Paradox may apply to lower AI cost structures which will promote demand and benefit large cap tech companies. There is an open door for the substitution for software and semi-conductors so it could be more challenging for large tech when people have more versions available.
Most Anticipated Earnings: NTR-T, ONEX-T and more Canadian Companies Reporting Earnings this Week (Feb 17-21)
Here are the Canadian companies listed on Stockchase who are reporting earnings this week: 🚚 Industrials 🏛 Financials ⚡ Energy 🛢 Basic Materials 🛍 Consumer 👨⚕️ Healthcare 💡 Utilities 💻 Technology Use this list wisely to identify buying opportunities.Happy trading… read more
