Here are the Canadian companies listed on Stockchase who are reporting earnings this week: 💻 Technology 🛢 Basic Materials 🏛 Financials 🚚 Industrials 🛍 Consumer Use this list wisely to identify buying opportunities.Happy trading !!! read more
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The weak ended with markets fading into the close as investors fret over the Israel-Iran war and what Trump will decide as well as what direction the key U.S. lending rate will take following the Fed’s decision to hold earlier this week. On Friday, the S&P closed 13 points lower, the Dow 35 points higher while the Nasdaq sank nearly 100. For the week, the S&P and Nasdaq shed over 1% while the Dow lost 1.75%.
Key movers during the session: Kroger 9.84%, CarMax 6.59%, Albemarle -4.61%, Arista -4.42% and Accenture -6.86%. The U.S. 10-year yield declined a handful of basis points to 4.377% while Bitcoin slipped US$800 to US$103,500.
The TSX finished the week flat and the day down 27 points. Only four sectors were positive as telcos gained the most and tech lagged the deepest. There were few dramatic moves. Tilray closed -1.92%, Pembina 1.08%, Energy Fuels -4.62%, Novagold Resources -4.39% and MDA Space 3.95%. Gold held around US$3,365 while WTI sank 20 cents to below US$75.
🍱 Kroger Co. (KR-N) +9.84%
🛍 CarMax (KMX-N) +6.59%
⛏ Albemarle Corp (ALB-N) -4.61%
💾 Arista Networks (ANET-N) -4.42%
💾 Accenture Ltd. (ACN-N) -6.86%
🌿 Tilray Inc. (TLRY-Q) -1.92%
🛢 Pembina Pipeline Corp (PPL-T) +1.08%
🛢 Energy Fuels Inc. (EFR-T) -4.62%
🥇 NovaGold Resources Inc (NG-T) -4.39%
🧬 MDA Ltd. (MDA-T) +3.95%
Was upgraded today. Up 38% this year. Operating margins were up 32% last quarter and EPS +25%. However, US growth was only 9%. So, there's lots of room to run internationally. Continues to like it. Expenses will this quarter though will content to come.
New CEO announced today. 16x PE with great earnings growth.
Is -10% since May 3, but 18.5% this year. They sold but still own lots of Apple shares (2%). BRK did no buying or selling last month. Apple's weakness isn't helping BRK. Insurance is a great space during a risk-off market, but we're not in that market now.
Is hitting a 52-week low. It always trades poorly around its earnings report, but usually recovers. But this time, she doesn't see a recovery. They reported soft bookings, -6% YOY. Are now restructuring their services business, which she doesn't understand. Gross margins missed. She will likely trim her holdings.
Lots of pessimism. Beyond the markets, people are pessimistic because of what's going on in the US. People are thinking about how they don't want to go south of the border for travel. Investors are surprised to learn that their portfolios are more or less where they were at the beginning of the year. They're aware of the decline, but not of the rally.
It's interesting to see how market's have recovered. He's a bit surprised to see that last month was a very strong month, driven mainly by a lot of the tech names we see at the top of the S&P 500.
Markets have done well, but a big decision point coming. We're now at a big resistance point. If we can break above that, we should continue on for the rest of the year.
This week were 20 Stock and 3 ETF Top Picks in a wide range of industries: ETF, Industrials, Basic Materials, Technology, Consumer, Financials, Healthcare and Utilities. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, John… read more
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