This Week’s Stock Picks & BNN Top Picks Summary: DRVN-Q, AEM-T and 20 Stock and 4 ETF Top Picks (Jul 04-10)
This week were 20 Stock and 4 ETF Top Picks in a wide range of industries: Industrials, Financials, Basic Materials, Technology, ETF and Energy. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, John Ewing, Robert… read more
Stocks edge higher despite TACO trade
The S&P and Nasdaq inched higher to record closes, despite growing talk of complacency in the market over Trump’s ever-changing tariff decisions (Brazil being the latest target). The S&P added 0.27% and the Nadaq 19 points to 30,630 while the Dow climbed 0.43%. The U.S. 10-year yield stayed at 4.344%.
Delta Airlines delivered a convincing beat to raise its shares by 11.99% but also lift the entire leisure and travel sector. United Airlines soared 14.33%, and Caesars rallied 6.49%. Elsewhere, Fortinet slid 6.92%, though Estee Lauder jumped 6.34%. Bitcoin rose 2.5% to US$113,540.
In Toronto, the TSX returned to 27,000 after gaining 0.41%. Eight sectors rose, led by industrial and financials, while staples lagged the most. Key names on Bay Street included Energy Fuels soaring 16.34%, TransAlta 5.81%, Air Canada 3.74%, Denison Mines 3.46% and Boralex -3.37%. Gold advanced US$10 to US$3,324 while WTI declined US$1.50 to US$66.90.
🛫 Delta Air Lines Inc (DAL-N) +11.99%
🛫 United Airlines Holdings (UAL-Q) +14.33%
♠ Caesars Entertainment (CZR-Q) +6.49%
💻 Fortinet Inc (FTNT-Q) -6.92%
💄 Estee Lauder (EL-N) +6.34%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%
🛢 Energy Fuels Inc. (EFR-T) +16.34%
💡 Transalta Corp (TA-T) +5.81%
🛫 Air Canada (AC-T) +3.74%
⛏ Denison Mines Corp (DML-T) +3.46%
💡 Boralex Inc. (BLX-T) -3.37%
UnlockRatingOver the past year or so, his firm has really been trying to find higher dividend-paying stocks. Resource stocks are where he's finding opportunity right now, while his colleague is specializing in growth names. They're trying to build a high-income engine within their long-term strategy.
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UnlockRatingOur PAST TOP PICK with CGI is progressing well. To remain disciplined, we recommend trailing up the stop (from $32.00) to $35.50 at this time.
UnlockRatingThey just announced huge Q2 deliveries. He sees this flying much higher.
UnlockRatingMarket Update:
Canada factory Purchasing Manager’s Index (PMI)declined to 45.6 from 46.1 in May, marking the fifth straight month sub-50 continues, as the trade war with the U.S drove the continued downturn. On the other hand, the US trade deficit widened by 18.7% to $71.5 billion in May, driven by weak exports, while economists warned that it could take some time for the tariff-related effect to affect the economic data. The Canadian dollar was 73.62 cents USD. The U.S. S&P 500 ended the week up 2.1%, while the TSX was up 1.7%.
A lot more greens this week than reds. Consumer discretionary and industrials gained 4.4% and 2.4%, respectively. Technology and financials added 2.2%, each, while real estate edged up by 1.9%. Materials gained 1.5%, while Energy ended the week up 0.4%. Consumer staples ended the week down slightly, 0.1%. The most heavily traded shares by volume were TC Energy (TRP), Toronto-Dominion Bank (TD) and National Bank of Canada (NA).
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Stocks climb despite tariff threats
Wednesday saw more TACO headlines from Trump as he slapped tariffs on copper entering the U.S. and on everything from Brazil. Despite that, the S&P rose 0.61%, the Nasdaq 0.94% to a new high and the Dow 0.49%. The U.S. 10-year yield held around 4.34%.
Key names were AES soaring 19.78%, Nvidia 1.82% to new highs and a $4 trillion market cap , Palantir 2.45%, Fair Isaac -6.54% and Hershey -4.7%. Gold remained rangebound around US$3,312 after gaining US$10, while WTI was flat at US$68.30.
The TSX returned to 27,000 after adding 0.26%. Eight sector modestly gained, with materials leading, while telcos was among the laggards, though loses were small. Given tariffs, many mineral names made major moves: Endeavour Silver up 9.06%, First Majestic Silver 5.21%, Fortuna 5.02%, and ERO Copper -9.42%. Meanwhile Open Text sank 4.34%.
🧬 AES (AES-N) +19.78%
💾 NVIDIA Corporation (NVDA-Q) +1.82%
💾 Palantir Technologies (PLTR-Q) +2.45%
🏛 Fair Isaac Corp. (FICO-N) -6.54%
🍫 Hershey Foods Corp (HSY-N) -4.7%
🥈 Endeavour Silver Corp. (EDR-T) +9.06%
🥈 First Majestic Silver (AG-N) +5.21%
⛏ Fortuna Silver Mines (FVI-T) +5.02%
🥉 Ero Copper Corp (ERO-N) -9.42%
💾 Open Text (OTEX-T) -4.34%
UnlockRatingNumbers for Canadian financials are starting to accelerate. Canadian banks over-provisioned for loan losses; if they don't have to tap into those reserves, should see really strong numbers going forward. On technicals, all the Canadian banks are moving up the ranks. Over 10-20 years, there hasn't been a better investment. They all pay a dividend, though not fantastic growth every single year, a bit lumpy.
They've all done well, and TD has caught up to the others, so it wouldn't make sense to switch out of one for another at this point.
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Weekly 52-Week Low (or 52-Week High): ARIS-T, SAU-T, EXRO-X, NSCI-X and More 52-Week Highs and Lows (Jul 02-08)
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🛢 Basic Materials 🚚 Industrials 🛍 Consumer ⚡ Energy 💡 Utilities 🏛 Financials 💻 Technology 👨⚕️ Healthcare 52-Week Lows TSX Stocks Here’s this week’s 52-week lows stocks… read more
Sideways Tuesday
The uncertainty caused by TACO (Trump’s ever-changing tariff policies) kept markets gridlocked on Tuesday as the S&P and Nasdaq were basically flat and the Dow sank 0.38%. Even the U.S. 10-year yield held around 4.4%, though Bitcoin gained 0.8% to US$108,760. Major movers on Wall Street included Intel rallying 7.3% after starting layoffs, Bank of America -3.13%, Fair Isaac -8.93%, Moderna popping 8.66% and Albemarle 7.19%.
In Canada, the TSX closed below 27,000 after slipping 0.49%. Sectors were mixed with energy and telcos outperforming all, and materials sinking the most by far. Major movers: Iamgold -7.81%, SSR Mining -8.7%, Ivanhoe Mines 4.23%, Baytex soaring 9.72% and Vermilion Energy up 4.86%. Gold declined US$33 to US$3,303 while WTI regained 0.56% to US$68.30.
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.8%
💾 Intel (INTC-Q) +7.3%
🏛 Bank of America (BAC-N) -3.13%
📃 Fair Isaac Corp. (FICO-N) -8.93%
💉 Moderna (MRNA-Q) +8.66%
⛏ Albemarle Corp (ALB-N) +7.19%
🥇 Iamgold Corp (IMG-T) -7.81%
⛏ SSR Mining (SSRM-T) -8.7%
⛏ Ivanhoe Mines Ltd (IVN-T) +4.23%
🛢 Baytex Energy Corp (BTE-T) +9.72%
🛢 Vermilion Energy Inc (VET-T) +4.86%
UnlockRatingHe was too early mid-2024 in calling energy, a mistake. Energy is in a sideways trading range, so that's the problem. Is optimistic energy long-term, but this will be dead money for the next couple months.
Premium contentUnlockRatingOur PAST TOP PICK with SES is progressing well. To remain disciplined, we recommend trailing up the stop (from $12.00) to $13.50 at this time.