John Zechner
John Zechner on Market Call (BNN TV) 19/07/2024 at 03:43pm

NORTH AMERICAN - LARGE

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Who benefits from Trans Mountain?

Mainly the heavy oil side, the pure oil players. The whole industry will benefit from tighter spreads.

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with Alan Tong

After the close

With Allan Tong

18/07/2024 at 10:04pm

Markets extend losses

Bay and Wall streets continued to sell off on Thursday to extend losses of the previous session. This time, though, the Dow ended its record-breaking winning streak and closed -1.29% while the S&P finished -0.78% and the Nasdaq -0.7%. The U.S. 10-year yield reversed its downside by climbing nearly to 4.2%.

Major movers: homebuilder DR Horton soared 10.1%, Nvidia regained 2.63%, and Intel 1.19%, but Eli Lilly ended the day -6.26% and Domino’s Pizza -13.57%. Bitcoin retreated 0.65% to US$63,600.

Similarly, the TSX closed Thursday at -0.54% as healthcare and discretionary ranked among the laggards. Also losing ground were Hudbay Minerals at -7.54%, Lundin -6.13% and Interfor -5.97%. Winners included Algoma Steel up 5.29% and StorageVault at 4.73%. Gold slipped US$13 to US$2,445 as WTI gave back 0.5% to US$82.40.

🧱 D R Horton Inc. (DHI-N) +10.1%

💾 NVIDIA Corporation (NVDA-Q) +2.63%

💾 Intel (INTC-Q) +1.19%

🧫 Eli Lilly & Co. (LLY-N) -6.26%

🍕 Domino’s Pizza, Inc. (DPZ-N) -13.57%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.65%

⛏ Hudbay Minerals (HBM-T) -7.54%

⛏ Lundin Mining Corp. (LUN-T) -6.13%

🌲 Interfor Corp (IFP-T) -5.97%

⛓ Algoma Steel Group Inc (ASTL-T) +5.29%

🚚 StorageVault Canada (SVI-T) +4.73%

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Barry Schwartz
Barry Schwartz on Market Call (BNN TV) 18/07/2024 at 06:35pm

NORTH AMERICAN - LARGE

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Impact of share buybacks.

It depends whether the shares are purchased by the company at a reasonable valuation, or whether they're overpaying to boost EPS in the short term. A company like CNQ, for example, has a very good track record of buying back its stock at fair prices.

Doesn't love share buybacks in very cyclical businesses. MG, for example, bought back a huge number of shares at a much higher price, and it's probably regretting that now.

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The Panic-Proof Portfolio (Stockchase Research)
The Panic-Proof Portfolio (Stockchase Research) on Stockchase 18/07/2024 at 05:03pm

NORTH AMERICAN

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(A Top Pick Mar 14/24, Up 5.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with ZTS is progressing well.  To remain disciplined, we recommend trailing up the stop (from $140) to $161 at this time.  

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Colin Cieszynski
Colin Cieszynski on Market Call (BNN TV) 18/07/2024 at 03:51pm

NORTH AMERICAN

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Energy stocks in Canada have been a challenge. Big run at start of the year, rolling over since then. Disappointing, given that price of oil holding nicely above $80 USD. Peaked around $56, steady stream of lower highs. 

Now looking for how it acts around $50. Broke $50 in June, traded down to $45 and bounced, hit $50 and started to stall. If it were to climb back up through $50 in a meaningful way, would be really encouraging. But when you see an old support become a new resistance, especially a big round number like $50, and it fails, that becomes a new concern that it's still under distribution and not ready yet.

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Stockchase Insights
Stockchase Insights on 5i Research 18/07/2024 at 03:32am

GLOBAL EQUITIES

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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

TFI International Inc. (TFII) Vs. Mullen Group Ltd. (MTL)

In terms of valuation, we can see that TFII has been a more expensive stock than MTL quite consistently since 2021. TFII’s business scale with a significant proportion of operations out of the US is the simple reason why it has been more expensive. Revenue numbers back this up as over the last-twelve-months, TFII has generated $7.54 billion vs MTL at $1.96 billion. This is on a five-year revenue growth CAGR of 14.6% vs. MTL at 8.75%. TFII saw rapid growth over the pandemic and has historically been able to create more value for shareholders. This is despite MTL paying a much higher yield at 5.56% vs. TFII at just 1.11%. TFII has been prudent in buying back shares, with a buyback yield at 2.46% over the last-twelve-months. MTL has also been actively repurchasing shares with a buyback yield of 3.58%. The comparison effectively displays a growth vs. a value stock. TFII has the growth edge, and we can see that displayed in its multiple. MTL has the value edge, being cheaper and paying out a high yield to attract investors.
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Jim Cramer - Mad Money
Jim Cramer - Mad Money on Mad Money on CNBC 17/07/2024 at 11:10pm

US EQUITIES

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An analyst recently noted after doing research that the size of their burrito bowls varied by as much as 33% by location. This worries him, because if the people believe that CMG is shrinking their bowls, this is a tough stock to own. Wait until this controversy blows over. He gives CMG the benefit of the doubt.

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with Alan Tong

After the close

With Allan Tong

17/07/2024 at 09:06pm

Semis slide, Dow surges

The market rotation out of tech into rate-sensitive stocks accelerated Wednesday after reports were published that U.S. President Biden is considering a sweeping clampdown on U.S. companies exporting their chipmaking equipment to China.

This triggered a sell-off of semi stocks as the SMH ETF sank 7.12% and leader Nvidia slid 6.38% in heavy trading. Related areas in tech were also hit as Tesla fell 2.87% and Meta tumbled 5.68%. In contrast, UNH reported a solid beat and rallied 4.45%. In all, the Nasdaq posted its worst day since 2022, sliding 2.68% as the S&P sank 1.36%. However, the Dow rallied 0.53% or about 250 points to mark another record close. The U.S. 10-year yield continued to fade, slipping down to 4.164% though Bitcoin retreated only 0.19% to about US$64,600.

Faring relatively better was the TSX, which gave back 0.61% after several record-breaking days. Major movers: Cogeco 10.04%, Interfor 6.16%, Celestica -10.07%, Cameco -7.39% and Royal Bank which climbed 1.47% to make another record high. Gold surrendered US$11 to US$2,457, and WTI jumped 2.65% to nearly US$83 a barrel.

💹 VanEck Vectors Semiconductor ETF (SMH-Q) -7.12%

💾 NVIDIA Corporation (NVDA-Q) -6.38%

🚗 Tesla Inc (TSLA-Q) -2.87%

🕵️‍♂️ Meta Platforms Inc / Facebook (META-Q) -5.68%

👨‍⚕️ UnitedHealth Group Inc (UNH-N) +4.45%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -0.19%

📡 Cogeco Communications (CCA-T) +10.04%

🌲 Interfor Corp (IFP-T) +6.16%

🧬 Celestica Inc (CLS-T) -10.07%

⛏ Cameco Corporation (CCO-T) -7.39%

🏛 Royal Bank (RY-T) +1.47%

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Brianne Gardner
Brianne Gardner on Market Call (BNN TV) 17/07/2024 at 06:24pm

NORTH AMERICAN - LARGE

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Portfolio positioning.

Diversify away from some of the overly crowded trades and the AI, big-tech-dominated trades. She's looking to include many more stocks in many more industries.

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Greg A. Taylor, CFA, BBA
Greg A. Taylor, CFA, BBA on Market Call (BNN TV) 17/07/2024 at 05:10pm

ENERGY/RESOURCE

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Lumber.

An area that could start to do well in the second half of the year and beyond. When you think of how to trade the sector, it really comes back to timing the homebuilders. The homebuilder sector had been under pressure for the last year and a bit, because of higher interest rates.

If we start to see more of a break in interest rates, really good for homebuilders. Starting to see those stocks start to move up in the US. In general, once the homebuilders start to go, the price of lumber and lumber stocks start to follow after that. BOC has signalled cutting; the Fed's getting ready to embark on a rate-cutting cycle.

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Lenka Martinek
Lenka Martinek on Market Call (BNN TV) 17/07/2024 at 05:09pm

SUSTAINABLE INVESTING

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Boring, but nice dividend.

Doesn't qualify as part of her sustainability universe, due to exposure to natural gas. Will benefit from increased energy needs generally in North America. Yield is 7.5%, which will be even more attractive when/if the BOC cuts rates.

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Weekly 52-Week Low (or 52-Week High): ELD-T, SIL-T, AMM-T, DIAM-T and More 52-Week Highs and Lows (Jul 10-16)
17/07/2024 at 01:55pm

Weekly 52-Week Low (or 52-Week High): ELD-T, SIL-T, AMM-T, DIAM-T and More 52-Week Highs and Lows (Jul 10-16)

52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🛢 Basic Materials 🛍 Consumer ⚡ Energy 🏛 Financials 🚚 Industrials 💻 Technology 💡 Utilities 👨‍⚕️ Healthcare 52-Week Low TSX Stocks Here’s this week’s 52-week lows stocks on… read more

with Alan Tong

After the close

With Allan Tong

16/07/2024 at 09:17pm

Inflation down, TSX soars

Canadian stocks extended their winning streak into Tuesday, driven by June’s inflation rate falling to 2.7% and fueling the chances of the Bank of Canada cutting interest rates next week. The dividend-heavy TSX rallied nearly across the board by 1.07% to closed a hair below 23,000 to set another record.

The most active names were TD up 1.97% and Suncor sinking 1.19% though energy lagged the most. Elsewhere, Shopify soared 8.54%, Canfor 5.62% and First Majestic Silver 5.42%. WTI crude slid 1.3% to dip below US$81 a barrel while gold jumped US$45 to a new high of US$2,467.

In the U.S., the same sentiment continued to drive the Dow also to another record close. The Dow leapt 1.85% to nearly 41,000 as the S&P gained 0.64% and the Nasdaq 0.2%. Once more, Nvidia was the most active name at -1.62%, followed by Tesla up 1.55%. Bank of America rallied 5.35% on earnings as Warner Bros. Discovery jumped 7.98%. The U.S. 10-year yield continued to retreat, slipping to 4.161%. Bitcoin inched 0.2% to nearly US$65,000.

🏛 Toronto Dominion (TD-T) +1.97%

🛢Suncor Energy Inc (SU-T) -1.19%

🛍 Shopify Inc. (SHOP-T) +8.54%

🌲 Canfor Corp (CFP-T) +5.62%

🥈 First Majestic Silver (FR-T) +5.42%

💾 NVIDIA Corporation (NVDA-Q) -1.62%

🚗 Tesla Inc (TSLA-Q) +1.55%

🏛 Bank of America (BAC-N) +5.35%

📺 Warner Bros. Discovery (WBD-Q) +7.98%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +0.2%

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The Panic-Proof Portfolio (Stockchase Research)
The Panic-Proof Portfolio (Stockchase Research) on Stockchase 16/07/2024 at 08:29pm

NORTH AMERICAN

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(A Top Pick Jun 18/24, Up 9.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MELI is progressing well.  To remain disciplined, we recommend trailing up the stop (from $1450) to $1550 at this time. 

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