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with Alan Tong

After the close

With Allan Tong

24/09/2021 at 10:53pm

A see-saw Friday ends a see-saw week

The week ended on a positive note on Wall Street and slightly negative on Bay Street as investors waded through a stew of Evergrande fears, the U.S. Fed’s latest announcements and supply chain constraints. Markets plunged to begin the week and recovered enough to finish flat or positive. The Nasdaq remained above 15,000 though closed Friday at -0.03% while the S&P gained 0.15% for the session and 0.5% for the week. Similarly, the Dow gained 33 points or 0.1% as tech and financials moderately rose.

Winners included Salesforce up 2.8%, Costco at 3.31%, Match Group up nearly 4% and many travel names like Expedia gaining 3%. However, Nike plunged 6.26% after warning about lost productivity from ongoing supply chain constraints; Moderna fell 5.38% and Enphase shed 2.94%. Bitcoin slid over 5% to $42,000 after China announced it was cracking down on cryptos. Gold held steady, though.

The TSX slipped 0.29% Friday and 0.43% for the week. Real estate and energy rallied, but the other sectors declined. Whitecap Resources soared 9.34%, Western Forest Products jumped 6.28% and Parex Resources added 4.08% among the notable gainers. On the flipside, Denison Mines closed 7.65%, Cameco -5.71% and Cronos Group -5.13%. WTI crude rose nearly 1% to nearly touch $74 per barrel while WCS climbed 1.34% to $62.

💨 SalesForce.com Inc. +2.8%
🛒 Costco Wholesale +3.31%
💾 Match Group +4%
✈ Expedia +3%
👟 Nike Inc -6.26%
💉 Moderna -5.38%
🧬 Enphase Energy -2.94%
🅱 The Bitcoin Fund -5%
🛢 Whitecap Resources +9.34%
🌲 Western Forest Products Inc. +6.28%
🏗 Parex Resources Inc. +4.08%
⛏ Denison Mines Corp -7.65%
🧱 Cameco Corporation -5.71%
🌿 Cronos Group Inc -5.13%

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Stockchase Insights
Stockchase Insights on 5i Research 24/09/2021 at 10:08pm

CANADIAN & ETF's

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. If Feds start tapering, bond prices could come under pressure in the short term. The current rate environment is not normal, but it is okay considering the pandemic. Risk remains that interest rates and inflation will rise. Best to keep shorter duration bonds. Unlock Premium - Try 5i Free

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Jon Nagerian, Co-founder, MarketRebellion.com
Jon Nagerian, Co-founder, MarketRebellion.com on Fast Money on CNBC 24/09/2021 at 08:15pm

US EQUITIES

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China is cracking down on all cryptos He's a crypto bull and short-term China's move is bearish. Remember that China has been pushing back on cryptos since 2013. Nothing has created more wealth than the technologies China has been banning. China is handing the U.S. and other countries a gift; China will be left behind in cryptos. Long-term, he's bullish on cryptos. Not worried about today's plunge in crypto prices.
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Jason Snipe, CIO, Odyssey Capital Advisors
Jason Snipe, CIO, Odyssey Capital Advisors on Fast Money on CNBC 24/09/2021 at 08:12pm

US EQUITIES

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This week's market Monday's sell-off was quickly bought by investors. Investors think accomodative policy will continue though it was slightly hawkish this week. There are no real alternatives to stocks. At least short-term, stocks will trend higher. Watch for job numbers in coming weeks; he expects the Fed to start tapering in December. Earnings will also be a catalyst for stocks to rise.
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Stephen Weiss, Founder, Short Hills Capital Partners
Stephen Weiss, Founder, Short Hills Capital Partners on Fast Money on CNBC 24/09/2021 at 08:09pm

US EQUITIES

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Market outlook He expects another rollover coming. He's buying this week's dip, but he's cautious. Tapering will begin at some point, but he sees signs that the pandemic is ending. This means the Fed won't need to continue its pandemic supports. No, he doesn't expect the sky to fall next week or month. He holds a barbell portfolio, but favours upside short-term. Momentum is still there.
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Jenny Harrington, CEO, Gilman Hill Asset Management
Jenny Harrington, CEO, Gilman Hill Asset Management on Fast Money on CNBC 24/09/2021 at 08:03pm

US EQUITIES

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The market this week Flat is the new down. There isn't negative news, and Evergrande on Monday was merely an excuse to sell. The market won't pull back dramatically. She expects to buy stocks she missed earlier at a cheaper price soon. The market will be flat for a while. Remember that markets are up nearly 20% YTD and 30% in 2019 and 18% in 2020. All these gains are making investors a little nervous. So, they are stepping out and moving a little more money into cash, not not bonds (no income). The market is bifurcated between stocks trading around 30x and other around 13x.
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Eric Nuttall
Eric Nuttall on Market Call (BNN TV) 24/09/2021 at 07:48pm

ENERGY & ENERGY SERVICE STOCKS

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Natural gas versus oil. There has been consolidation of the natural gas producers so there is supply discipline. Demand, the summer has been hot. In Europe, there are energy shortages. Outlook in LNG is good. We may see some seasonal sell off. The winter, if cold, will push natural gas higher. How long will current prices last and when will the supply response come? Gas to oil switch in the UK is coming.
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II-VI Incorporated, BP PLC and 22 Stock and 1 ETF Top Picks (Sep 17-23)
24/09/2021 at 10:00am

II-VI Incorporated, BP PLC and 22 Stock and 1 ETF Top Picks (Sep 17-23)

This week were 22 Stock and 1 ETF Top Picks in a wide range of industries: Financials, Technology, Basic Materials, Industrials, Consumer, Healthcare, ETF, Energy and Utilities. Here are this week’s Top Picks as selected by: Gordon Reid, Michael Sprung,… read more

with Alan Tong

After the close

With Allan Tong

23/09/2021 at 11:11pm

Fed fears ebb, markets extend rally

Stock company pages on Stockchase have been updated and now feature a new chart layout with 1w, 1m, 6m and 1y view options. Pick your favorite stock among the top picks and have a look at our new company page. Share your feedback by replying to this email. Do you like it or not?

Market extends rally: A day after Jay Powell’s remarks on inflation and tapering, markets continued to rally on Thursday. Investors had different interpretations on the Fed chair’s latest comments, but the consensus is that interest rates will stay low for a while. On Wall Street, the S&P surged 1.21%, the Dow added 1.48% and the Nasdaq gained 1.04%. Levels remained consistent throughout the session and all the major components were well into the green.

Big gainers included Chevron by 2.48%, American Express at 3.5%, Salesforce popping 7.21%, Caterpillar crawling up 2.75%, and Avis Budget zooming 8.13%. Bitcoin added 2.7% to pass $44,600.

Rising crude prices fuelled investor sentiment in Toronto as the TSX advanced 0.3%. The overall picture was more mixed as materials and staples lagged. Notable gainers included Bombardier soaring 7.37%, Cenovus up 4.39%, Blackberry jumping 10% and Arc Resources climbing 5.43%. Several gold names lost ground, including B2Gold at -4.39% and Kinross at -3.45%. WTI itself surpassed $73 per barrel while WCS gained 1.35% to pass $61 a barrel. Meanwhile, gold slipped 1.6% to float above $1,700 an ounce. Finally, the Canadian dollar was flat just below 79 cents against the greenback.

🛢 Chevron Texaco +2.48%
💳 American Express +3.5%
💨 SalesForce.com Inc. +7.21%
🏗 Caterpillar +2.75%
🏛 Avis Budget Group +8.13%
🅱 The Bitcoin Fund +2.7%
✈ Bombardier Inc (B) +7.37%
🛢 Cenovus Energy +4.39%
📱 BlackBerry +10%
🛢 Arc Resources Ltd +5.43%
🥇 B2Gold Corp. -4.39%
🥇 Kinross Gold -3.45%

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David Burrows
David Burrows on Market Call (BNN TV) 23/09/2021 at 05:45pm

NORTH AMERICAN - LARGE

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General investing advice. The best companies tend to be well liked. When an industry goes through consolidation, some heavyweights come out in a much better position than the competition. Use stop losses on every position. Stay in the position as long as it's working. Once it breaks, come out.
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The Panic-Proof Portfolio (Stockchase Research)
The Panic-Proof Portfolio (Stockchase Research) on Stockchase 23/09/2021 at 05:25pm

NORTH AMERICAN

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(A Top Pick Nov 18/20, Up 21.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with KR has triggered its stop at $40. We recommend covering the balance of the position at this time. Combined with the previous recommendation to cover half the position, this results in a net investment return over 21%. We will monitor for another entry level in the future.
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