Trending Stocks, Investing Tips, and Market Insights on Stockchase
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Room for growth, but also lots of potential speedbumps along the way. He tends not to be in names that are overly focused on that sector.
They had an excellent quarter and the CEO is doing a fine quarter. He targets $200.
CoreWeave lifts tech and markets
CoreWeave delivered a blow-out quarter and raised guidance, sending its shares rocketing 24.71% and carrying markets with it. The Nasdaq jumped 1.57%, the S&P 1.31%, the Dow 0.51% and the TSX 0.67% or 250 points. Shaking off post-Midterm worries and the Nvidia scandal, energy names on both sides of the border rallied hard: Sandisk 13.69%, Super Micro Computer 9.5%, Celestica 8.38%, Kinaxis 6.37% and BlackBerry 3.4%. Nvidia itself snapped a sharp losing streak by regaining 2.87%.
Tech as well as energy led sectors in Toronto while materials were among the three lagging segments. Other big movers on Bay Street were Lithium Americas, sliding 12.27% and Boyd Group, falling 12.22%. WTI reversed losses by adding 0.4% to US$86.40 while silver gained about 0.4%to US$51.60 and gold declined US$47 to US$3,985. The U.S. 10-year yield inched up to 5.0% over growing inflation concerns. Meanwhile, Bitcoin rose over 1% to US$74,640.
💾 CoreWeave (CRWV) +24.71%
💾 Sandisk Corp (SNDK) +13.69%
💾 Super Micro Computer (SMCI) +9.5%
🧬 Celestica Inc (CLS.TO) +8.38%
💾 Kinaxis Inc (KXS.TO) +6.37%
📱 BlackBerry (BB.TO) +3.4%
💾 NVIDIA Corporation (NVDA) +2.87%
⛓ Lithium Americas Corp (LAC.TO) -12.27%
👨🔧 Boyd Group Services Inc. (BYD.TO) -12.22%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1%
WCS is the Canadian benchmark, and could be displaced in the future by production from Venezuela. Infrastructure in Venezuela is quite bad, so he's not sure how quickly it can ramp up.
If Canada didn't pursue pipelines to the West Coast, it would really leave the Canadian industry in a very bad spot. That's well understood in both Ottawa and Alberta. So Venezuelan production is a potential threat.
The spread is ridiculously high at this point, but it does highlight how we need to move beyond exporting primarily to the US. All future growth in energy, whether nat gas or oil, is not in America; it's in Asia.
Weekly 52-Week Low (or 52-Week High): AW-T, CHR-T, LAC-T, BTB.UN-T and More 52-Week Highs and Lows (Nov 04-10)
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 💡 Utilities 🛢 Basic Materials 🛍 Consumer 🚚 Industrials 🏛 Financials ⚡ Energy 💻 Technology 👨⚕️ Healthcare 52-Week Lows TSX Stocks Here’s this week’s 52-week lows stocks on… read more
Very strong last year, decent performers this year. Higher rates bring concerns about the housing market. Reserve provisioning for loan losses has likely peaked, so reserves may be released.
If you think Canadian economy will improve in 2027 under all the nation-building initiatives, along with trade flows, then the banks will benefit. That said, yields are lower. RY and TD are now below 3%, which is a reflection of how well share prices have done. Dividends are still being increased at a moderate pace.
For clients who need $$ and whose weighting has gone above target, she's been using the banks as a source of funds. Otherwise, still holding for the long term. Don't chase to add new money at these levels, wait for a pullback.
Yields rise on hot inflation, stocks fade
October’s U.S. CPI came in hotter than expected, which reginited yields. The U.S. 10-year returned to 5% while most sectors gave back some of Monday’s gains. In New York: S&P -0.32%, Nasdaq -0.71% and Dow -0.28%. Nvidia continued to fall in the wake of its CEO having an affair with an alleged Chinese spy. NVDA tumbled another 5.47%. Elsewhere: Skydance -7.64%, Moderna -6.75%, Take-Two Interactive 8.17% and Charter Communications 10.59%. Meanwhile, Bitcoin slipped 1.45% to US$73,855. Tech remains front of mind as Anthropic announced its US$1.4 trillion IPO target.
Toronto didn’t fare better as the TSX declined 0.67% as materials led the sell-off by seven sectors. Energy was the strongest segment, even though WTI slipped 0.7% to US$86.25. Silver slid 3.6% to US$51.40 and gold faded 2.65% to $4,030. Major movers: Baytex 2.07%, B2Gold -6.21%, Chorus Aviation 8.3%, Novagold Resources -8.96% and Paramount Resources 3.85%.
💾 NVIDIA Corporation (NVDA) -5.47%
📡 Skydance Corporation (SKYD) -7.64%
💉 Moderna (MRNA) -6.75%
💾 Take-Two Interactive Software (TTWO) +8.17%
📡 Charter Communications (CHTR) +10.59%
🅱 Bitcoin (BTCUSD) (BTC-USD) -1.45%
🛢 Baytex Energy Corp (BTE.TO) +2.07%
🥇 B2Gold Corp. (BTO.TO) -6.21%
🛫 Chorus Aviation Inc (CHR.TO) +8.3%
⛏ NovaGold Resources Inc (NG.TO) -8.96%
🛢 Paramount Resources (POU.TO) +3.85%
The company is about to go public.
The big banks make up 24.33% of the TSX; metals and mining 17%, oil/gas 14.5%, software 7.14%, insurance 7%. The budget offers slightly more headwinds than benefits, such as more competition for the banks, but more of the beneficiaries will be in the private sector, not public. Metals: this sector will grow, but mining is cyclical. Also, critical minerals mining is very small in Canada. So supporting this sector doesn't benefit the TSX much overall. Energy boils down to commodity prices, so the budget can't control that. The outlook for oil/gas is negative. It doesn't matter if we build more pipelines, though getting oil and gas to foreign markets will increase Canadian market share. Overall, the best play is the utilities sector and he recommends the XUT ETF.
It is a Michigan utility company.Its growth of 7 to 8% is locked in through regulation which means it can't grow much faster, or slower either. The next best competitor to utilities is treasury bonds but as yields go down people move money back to utilities. Dividend is 3%
Buy 8 Hold 9 Sell 0
Stocks rally, except Nvidia
Following a week of extreme highs and lows after the U.S. Midterms, markets firmly rallied on Monday, led by tech. The Nasdaq surged 2.74%, the S&P 2.35%, the Dow 2.15% or over 1,100 points, and the TSX 1.84% or more than 650 points. The outstanding exception amid this euphoria was Nvidia, which sunk 4.27% after bombshell allegations that CEO Jensen Huang was having an affair with a Singapore tech executive and alleged spy for China. Nvidia has launched an internal investigation. NVDA shares closed off the lows of the day, suggesting the market isn’t panicked. However, benefitting from the news were Nvidia’s competitors: Intel jumped 5.49%, AMD 13.26% and Broadcom 8.78%. Meanwhile, Apple climbed 2.43%. The U.S. 10-year yield inched up to 4.88% while Bitcoin rose 1% to US$75,000.
In commodities, silver popped 2.75% to US$53.25 and gold added US$68 to US$4,139. In Toronto, materials were by far the strongest sector, followed by financials and discretionary while energy lagged the most as WTI sank 4.25% to US$87. Major movers were Suncor at -2.01%, Hammond Power Solutions 10.55%, Energy Fuels 9.79%, Silvercorp Metals 9.14% and Hudbay Minerals 9.09%.
💾 NVIDIA Corporation (NVDA) -4.27%
💾 Intel (INTC) +5.49%
💾 Advanced Micro Devices (AMD) +13.26%
🧬 Broadcom (AVGO) +8.78%
🍎 Apple Inc (AAPL) +2.43%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1%
🛢 Suncor Energy Inc (SU.TO) -2.01%
🧬 Hammond Power Solutions Inc. (HPS.A.TO) +10.55%
⛏ Energy Fuels Inc. (EFR.TO) +9.79%
⛏ Silvercorp Metals Inc. (SVM.TO) +9.14%
⛏ Hudbay Minerals (HBM.TO) +9.09%
Most Anticipated Earnings: FRU-T, NXE-T and more Canadian Companies Reporting Earnings this Week (Nov 09-13)
Here are the Canadian companies listed on Stockchase who are reporting earnings this week: 🏛 Financial 🛢Basic Materials ⚡ Energy 👨⚕️ Healthcare 🚚 Industrials 💡 Utilities 💻 Technology 🛍 Consumer Use this list wisely to identify buying opportunities.Happy trading !!! read more