Brooke Thackray
Brooke Thackray on Market Call (BNN TV) 05/05/2021 at 05:30pm

NORTH AMERICAN - LARGE

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Gold miners. Gold miners sweet spot of seasonality starts July 27 - early October. Sometimes a pickup happens earlier in June. June can also be very volatile for gold and gold miners. Right now, he'd wait on gold miners, even though a name like ABX just had some good numbers. Downturn in June may be a good entry opportunity. He'd pick gold over the oil sector.

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Power Corp, Sun Life Financial Inc and More at 52-week Highs  (Apr 28-May 04)
05/05/2021 at 02:00pm

Power Corp, Sun Life Financial Inc and More at 52-week Highs (Apr 28-May 04)

Growth stocks saw sell on on Tuesday while the Dow managed a rally and closed flat to positive. The indication from the US Treasury Secretary on interest rates perhaps needing to rise may have stalled the markets. Financials continue to… read more

with Alan Tong

After the close

With Allan Tong

04/05/2021 at 09:27pm

Tech slides

Tech stocks slid on Tuesday. Though it closed off session lows, the Nasdaq finished -1.88%. Amazon ended the day -2.2%, Adobe 2.53% and Apple -3.54%. In contrast, the Dow managed to rally at the end and closed slightly in the positive while the S&P climbed to -0.67%. It wasn’t clear with the catalyst was. U.S. Treasury Secretary Janet Yellen stated that interest rates “may” need to rise slightly to stop the economy from overheating, but her remarks were issued 90 minutes into a session that was already selling off. Investors may have been taking profits after last week’s stellar earnings from the likes of Amazon and Facebook.

Beyond tech, fuel cell stocks were hammered after Ballard Power Systems issued a Q1 loss that badly missed the street’s expectations. Ballard shares plunged nearly 20% on Bay and Wall streets, taking down rival Plug Power by 7.62%. It remains earnings season. After the bell, positive reports lifted T-Mobile by 2.5% and Activision Blizzard by 6%. The wider sell-off also touched Bitcoin which plunged 5%. Interestingly enough, the U.S. 10-year declined to 1.587%.

The TSX generally fared better, closing at -0.13%. Energy, staples and real estate lagged, while telcos and tech stayed above water. Lumber continued to rally as West Fraser Timber climbed 4.87%. Teck Resources and Nutrien both gained nearly as much while Thomson Reuters advanced 3.85%. After Ballard, Bausch Health was Toronto’s other big loser, down 10.73%. Though energy stocks had a mediocre session, the price of WTI rose 2% and WCS inched up only modestly.

📦 Amazon.com -2.2%
💾 Adobe Systems -2.53%
🍎 Apple -3.54%
🔋 Ballard Power Systems -20%
🔋 Plug Power Inc -7.62%
📱 T-Mobile US +2.5%
🎮 Activision Blizzard +6%
🅱 The Bitcoin Fund -5%
🌲 West Fraser Timber +4.87%
⛏ Teck Resources Ltd. (B) +4.62%
🌿 Nutrien Ltd. +4.55%
🧾 Thomson Reuters Corp +3.85%
💊 Bausch Health Companies Inc. -10.73%

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3 Reopening Stock Price Target Upgrades: Sherwin Williams, QSR, UPS
04/05/2021 at 06:27pm

3 Reopening Stock Price Target Upgrades: Sherwin Williams, QSR, UPS

Earnings season continues and that triggers changes in analyst signals and price targets. While some take no notice of a change in price targets, they do express changes in analyst prospects towards stocks. Also continuing—in the U.S, not Canada—are reopenings.… read more

Brian Madden
Brian Madden on Market Call (BNN TV) 04/05/2021 at 05:47pm

CANADIAN

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Lumber prices He doesn't own any lumber stocks. The current spot lumber prices are puzzling though he understands there exist problems in lumber supply while housing demand remains strong and people are bored, and so are doing renovations. Lumber prices are way, way too high, are frothy and will cool off inevitably. Not good for lumber stocks.

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Stockchase Research
Stockchase Research on Stockchase 04/05/2021 at 04:49pm

NORTH AMERICAN

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(A Top Pick Oct 15/20, Up 18.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with FAST has achieved its $53 target. To remain disciplined, we recommend covering 50% of the position and trailing up the stop to $46.50 -- just above our recommended entry level. This would all but guarantee a minimum investment return of 11%.

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Jim Cramer - Mad Money
Jim Cramer - Mad Money on Mad Money on CNBC 03/05/2021 at 11:54pm

US EQUITIES

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Another record-breaking month should be turning bears into bulls, but it isn't. Tech rolled over today. Now, we'll subjected to talk that great earnings don't matter because we're at the peak and there's not enough money for all sectors to rally (which is true). Bears only see rolling over. Enough of that. You must own stocks now that the consumer is flush. Money will return to tech.

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Stockchase Insights
Stockchase Insights on 5i Research 03/05/2021 at 10:23pm

CANADIAN & ETF's

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Bank of Canada indicated it may stop stimulus. This, coupled with higher oil and metals prices, has moved the Candian dollar higher. International investors are looking for a reflation trade. Unlock Premium - Try 5i Free

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with Alan Tong

After the close

With Allan Tong

03/05/2021 at 09:48pm

Markets rally, ex-tech

May began with stocks rallying, except tech. Bouncing back from recent sessions, the major indices enjoyed healthy gains: the TSX UP 0.55%, the Dow 0.71% and the S&P 0.28% falling just short of making an all-time high. Though rising Monday morning, the Nasdaq finished in the red at -0.48%. While American ISM numbers for April came in below target, Wall Street still found them impressive, as Bay Street reveled in the tenth-straight month of Canadian manufacturing gains.

A pop in WTI crude over 1% and in WCS of nearly 2% helped lift the TSX. In Toronto, energy, materials and real estate soared. Among the big gainers were Silvercorp Metals, up 12%, America’s Silver and Gold at 11.7% and Crescent Point Energy at 4.12%. In contrast, cannabis sold off as Tilray and Aphria closed their merger. Both stocks tumbled over 7% on the Nasdaq and TSX respectively.

Tech heavyweight Shopify shed 5.23% in Toronto. On Wall Street, AMD slid 3.76% and Amazon fell 2.33% as tech stocks endured a rough session. So did Estee Lauder which reported weak Q1 sales numbers and sent the stock reeling 7.93%. Elsewhere, Beyond Meat fell 4%, while the transports enjoyed several upgrades, which propelled FedEx shares by 4.91% and UPS by 4.09%. Lastly, Bitcoin rose over 1%. Note: Markets in the U.K. and China were closed for holidays on Monday.

🥈 Silvercorp Metals Inc. +12%
🛢 Crescent Point Energy Corp +4.12%
🌿 Tilray Inc. -7%
🌿 Aphria Inc -7%
🛍 Shopify Inc. -5.23%
💾 Advanced Micro Devices -3.76%
📦 Amazon.com -2.33%
💄 Estee Lauder -7.93%
🥩 Beyond Meat Inc. -4%
🚐 FedEx +4.91%
📦 United Parcel Services +4.09%
🅱 The Bitcoin Fund +1%

Trending Today
Larry Berman CFA, CMT, CTA
Larry Berman CFA, CMT, CTA on Berman's Call 03/05/2021 at 09:01pm

NORTH AMERICAN & ETFs

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Educational Segment. S&P500 companies have been reporting great earnings and most times, investors are selling into it. FANGs, Tesla and Visa are some examples. Selling on news is not a bullish thing. On the last two earnings of Apple, you can see that the stocks rallied up into expectations of good earnings, and then markets sold off for a couple weeks. Tech heavy NASDAQ will continue to weigh on markets. Market breadth is important to look at. Slowly, stocks are starting to break their intermediate trend line. This usually leads to a correction. We could correct 5-10%. Time to be more conservative.

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Brendan Caldwell
Brendan Caldwell on Market Call (BNN TV) 03/05/2021 at 06:44pm

NORTH AMERICAN - LARGE

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Price of Oil. It has been surprising in all directions. Demand has already picked up and it will take time for supply to catch up to it. For all of the power we are generating we are eating it up in generating bitcoin or charging electric cars. Oil prices will continue to remain strong but Canada has to figure out a way to capitalize on it. We only have about 5 years.

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Cargojet Inc, Magna Int’l and More Earnings Reports this Week (May 03-07)
03/05/2021 at 03:00pm

Cargojet Inc, Magna Int’l and More Earnings Reports this Week (May 03-07)

Stocks are seeing a mixed start to the week with tech shares dropping. The S&P 500 is making some gains. There are analysts calling that there is froth in the market. Stronger than expected earnings results are pushing broader markets… read more

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