Trending Stocks, Investing Tips, and Market Insights on Stockchase

It was a choppy day on the markets in New York and Toronto as disappointing tech earnings and forecasts hammered the Nasdaq 1.38% or 365 points lower. Influential were Alphabet (GOOGL) cratering 12.64%, Fortinet 20.09%, and ServiceNow -26.95%, reviving fears over AI costs as well as AI takeover threats.Outside tech, the S&P declined 0.3% and the Dow slipped 0.25%. In contrast, the autos space surged after Ford rallied 3.43% and Carvana soared 15.68%. While Bitcoin fell US$1,000 to US$80,255, the U.S. 10-year yield inched down to 4.945%.

Reports of the U.S. Vice-President reaching out to the Iranian government to restart peace talks were rebuffed by Trump and so far ignored by Tehran. Nonetheless, the news sparked a sharp sell-off in crude oil, though WTI erased the session’s losses to remain flat around US$102.90. The oil price triggered a slide in Whitecap shares of 4.01%. In contrast, massive gains by Bausch Health of 28.34% after an earnings beat, made healthcare the strong sector by far in Toronto, along with financials and utilities, as materials led three sectors down. Other movers on Bay Street: Alamos Gold -9.1%, First Service 3.99% and GFL 3.33%. Gold itself declined US$42 to US$4,025 and silver slipped over 3% to US$52.15.

🧮 Alphabet Inc Class A (GOOGL) -12.64%

💾 Fortinet Inc (FTNT) -20.09%

💾 ServiceNow (NOW) -26.95%

🚘 Ford Motor (F) +3.43%

🛒 Carvana (CVNA) +15.68%

🛢 Whitecap Resources (WCP.TO) -4.01%

👨‍⚕️ Bausch Health Companies Inc. (BHC.TO) +28.34%

🥇 Alamos Gold Inc (AGI.TO) -9.1%

🏛 Firstservice Corp (FSV) +3.99%

♻ GFL Environmental Inc. (GFL.TO) +3.33%

Central banks weighed in Wednesday with the Bank of Canada raising the key interest rate by 25 basis points to to 2.5% as expected but the U.S. Fed held. The TSX ticked up 0.2% as sectors were mixed. Tech outperformed but telcos and real estate lagged the most. Key names in Toronto: Busch 9.02%, Celestica 8.29%, B2Gold 2.58%, Allied Properties REIT -4.65% and GFL -3.73%.

Trump threatened to bomb Iran after the Midterms sending WTI jumping 2.65% to US$102.55. Gold added US$15 to $4,075 while silver held at US$54.25. In New York, the S&P added 0.28%, the Nasdaq 0.27% and the Dow 0.19%. Sandisk jumped 3.9%, Vertiv 16.48%, Oracle 10.54%, Boston Scientific -5.81% and Baker Hughes -7.36% Bitcoin advanced US$975 US$81659. The U.S  10-year yield edged up to 5.0229%.

👨‍⚕️ Bausch Health Companies Inc. (BHC.TO) +9.02%

🧬 Celestica Inc (CLS.TO) +8.29%

🥇 B2Gold Corp. (BTO.TO) +2.58%

🏛 Allied Properties REIT (AP.UN.TO) -4.65%

♻ GFL Environmental Inc. (GFL.TO) -3.73%

💾 Sandisk Corp (SNDK) +3.9%

🧬 Vertiv Holdings (VRT) +16.48%

💻 Oracle (ORCL) +10.54%

🧫 Boston Scientific Corp (BSX) -5.81%

🛢 Baker Hughes Company (BKR) -7.36%

The Nasdaq rallied 1.18% Tuesday along with tech: Intel 3.61%, Super Micro Computer 7.34% and Tesla 4.04%. While the Dow was flat, the S&P rose 0.6%. Meanwhile, Boeing reported a miss and dove 10.69% while Valero tumbled 9.24% as the price of oil declined, with WTI sinking 1.7% to US$100. The U.S. 10-year yield inched up to 4.999%.

Other commodities rose: gold added US$42 to US$4,059 and silver advanced 0.9% to US$54.35. Little surprise that materials were easily the strongest sector on the TSX, while energy was the weakest. Sectors were mixed, though the TSX climbed 0.63% or over 220 points. Key Canadian names: Equinox Gold 4.05%, Thomson Reuters -4.5%, Cenovus -4.43% and Celestica soaring 11.92% after a beat.

💾 Intel (INTC) +3.61%

💾 Super Micro Computer (SMCI) +7.34%

🚗 Tesla Inc (TSLA) +4.04%

🛫 Boeing (BA) -10.69%

🛢 Valero Energy Corp (VLO) -9.24%

🥇 Equinox Gold (EQX.TO) +4.05%

🖨 Thomson Reuters Corp (TRI.TO) -4.5%

🛢 Cenovus Energy (CVE.TO) -4.43%

🧬 Celestica Inc (CLS.TO) +11-92%