Trending Stocks, Investing Tips, and Market Insights on Stockchase
'%20stroke='%23FFFFFF'%20stroke-width='2'%3e%3cg%20id='Shopify-Inc.'%20transform='translate(120.000000,%20346.000000)'%3e%3cg%20id='Group-3'%20transform='translate(15.000000,%20268.000000)'%3e%3cg%20id='filled-.-button'%20transform='translate(681.000000,%2010.000000)'%3e%3cg%20id='Group-5'%20transform='translate(16.000000,%2010.000000)'%3e%3cpath%20d='M16,6%20C16.8284271,6%2017.5784271,6.33578644%2018.1213203,6.87867966%20C18.6642136,7.42157288%2019,8.17157288%2019,9%20L19,9%20L19,15%20C19,15.8284271%2018.6642136,16.5784271%2018.1213203,17.1213203%20C17.5784271,17.6642136%2016.8284271,18%2016,18%20L16,18%20L4,18%20C3.17157288,18%202.42157288,17.6642136%201.87867966,17.1213203%20C1.33578644,16.5784271%201,15.8284271%201,15%20L1,15%20L1,9%20C1,8.17157288%201.33578644,7.42157288%201.87867966,6.87867966%20C2.42157288,6.33578644%203.17157288,6%204,6%20L4,6%20Z'%20id='Rectangle'%3e%3c/path%3e%3cpath%20d='M16,6%20C16,2.6862915%2013.3137085,0%2010,0%20C6.6862915,0%204,2.6862915%204,6'%20id='Path'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
He liked this. He believed the hype, the data centre growth, but forgot their PC business and debt. It's a broken company. They just guided for a weak 2027. Hopeless. Shares plunged 28.58% today. INTC failed to warn about their PC weakness.
The message, loud and clear, in recent weeks of earnings is the market is becoming more selective. Companies that delivered that earnings that would have been exceptional a year ago, are now facing pressure--strong earnings are no longer enough, but also need to justify high valuations, sustainable profitable, and a tangible return on AI. That enthusiasm about AI has shifted to seeing returns on investment and cash flows. This is healthy for the broader market, happening during surprising resilient economic growth. However, there's rising inflation above the US's 2% target. She's looking at companies' underlying cash flow and watching the bond market. Overall, the market looks constructive and you don't need to be defensive.
This Week’s Stock Picks & BNN Top Picks Summary: DAL-N, NFLX-Q and 21 Stock and 3 ETF Top Picks (Oct 23-29)
This week were 21 Stock and 3 ETF Top Picks in a wide range of industries: Industrials, Financials, Consumer, Energy, Basic Materials, ETF and Technology. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, Tim Regan,… read more
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium content
Tech slides on earnings, oil zigzags
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%
Be careful here. If you took a loss, take some money off the table for a tax loss, then see what happens in the new year. If the AI story unwinds, it won't be good news for copper.
