Champion Iron Limited, CAE Inc and More Earnings Reports this Week (May 29-Jun 02)
29/05/2023 at 10:00am

Champion Iron Limited, CAE Inc and More Earnings Reports this Week (May 29-Jun 02)

Canadian & US Markets Rise. Stocks climbed Friday as a deal to raise the debt ceiling began to take shape. The Nasdaq gained 2.2%, extending its winning streak to five weeks. The Dow rose 329 points. Companies reporting this week… read more

Stockchase Insights
Stockchase Insights on 5i Research 27/05/2023 at 02:30am

CANADIAN EQUITIES

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

US Dividends For Canadians: Canadian companies may choose to pay US dividends for a few reasons. Although some companies are being traded in Canadian exchanges, their main operations are in the US. As a result, the majority of its profit and cash flow comes from the US dollars. Therefore, it is more efficient to pay shareholders directly in US dollars instead of converting back to Canadian dollars just for the sake of being listed in Canadian exchanges, which will incur additional expenses from currency conversion and hedges. Secondly, Canadian companies may want to attract a group of investors who want to earn income from US dollars without being subject to foreign exchange fees and currency fluctuation risks, allowing them to reinvest and purchase US securities.

In terms of taxes, Canadian investors get favourable treatment from this source of income, as dividends in US dollars paid by Canadian companies are considered similar to Canadian dividends. As a consequence, this would not be subject to the US foreign withholding tax of 15%, and the accountants just simply convert that US income source into Canadian dollars at an appropriate exchange rate to calculate investors’ total dividend income.
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with Alan Tong

After the close

With Allan Tong

26/05/2023 at 09:46pm

Semis lift Wall Street, banks drag Bay Street

The week ended with stocks rallying across the board, resulting in gains for the week on American markets, but weren’t enough to save the Canadian one. Nvidia’s blockbuster report continued to fuel the boom in semis and tech stocks.

AMD jumped 5.54% on Friday as Intel gained 5.78%. Tesla rose 4.85% as the most-traded stock, and Broadcom leapt 11.55%. The S&P gained 1.3% Friday and 0.35% for the week, the Nasdaq 2.19% for the session and as much for the week, and the Dow advanced 1% Friday but declined 1% for the week. The U.S. 10-year yield held at 3.81% while Bitcoin rose 1.2% to nearly $27,000.

Canadian Western Bank was the latest bank to report and investors sold it off by 5.86%. However, Manulife added 1.35% in heavy trading, CNQ 0.86%, and Capstone Copper 4.45%. The TSX advanced 0.76% Friday but lost over 2% over the week, dragged down by disappointing reports from the big banks.

💾 Advanced Micro Devices (AMD-Q) +5.54%
💾 Intel (INTC-Q) +5.78%
🚗 Tesla Inc (TSLA-Q) +4.85%
🧬 Broadcom (AVGO-Q) +11.55%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +1.2%
🏛 Canadian Western Bank (CWB-T) -5.86%
🏛 Manulife Financial (MFC-T) +1.35%
🛢 Canadian Natural Rsrcs (CNQ-T) +0.86%
⛏ Capstone Copper Corp (CS-T) +4.45%

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Jason Del Vicario
Jason Del Vicario on Market Call (BNN TV) 26/05/2023 at 08:21pm

NORTH AMERICAN (GROWTH)

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Believes current market prices are presenting good buying opportunities for investors.
High quality companies with predictable cash flows are investors best friend.
Finding value in Japan, UK & Middle East.
Concentrated portfolio is best way to generate alpha for investors. 
Dividends are ok for investors - preference is for share buybacks or re-invested capital.

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Rob Sechan, Managing Partner, New Edge Capital
Rob Sechan, Managing Partner, New Edge Capital on Halftime Report on CNBC 26/05/2023 at 05:54pm

US EQUITIES

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A great way to play the AI chip gold rush. 30% free cash flow, 44% return on invested capital, double the industry average.

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Jim Lebenthal
Jim Lebenthal on Halftime Report on CNBC 26/05/2023 at 05:53pm

US EQUITIES

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The current boom in AI stocks

The big names like Nvidia won't come down, but the laggards in this space will rally, like NXP, Intel and Qualcomm, if overall economic activity is stronger than expected. This could happen because the labour market remains strong.

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Jenny Harrington, CEO, Gilman Hill Asset Management
Jenny Harrington, CEO, Gilman Hill Asset Management on Halftime Report on CNBC 26/05/2023 at 05:52pm

US EQUITIES

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Shares are down, because people misunderstand this during the debt ceiling debate. Pays an 8% yield and enjoys high barriers to entry. It's an opportunity now.

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Stephanie Link, Chief investment strategist, Hightower
Stephanie Link, Chief investment strategist, Hightower on Halftime Report on CNBC 26/05/2023 at 05:31pm

US EQUITIES

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Took profits, up 60%. Simply profit-taking. The company is doing a great job. Covid in China is worry, so she's being cautious. She may buy this again.

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Linamar Corp, Polo Ralph Lauren Corp. and 13 Stock and 8 ETF Top Picks (May 19-25)
26/05/2023 at 10:00am

Linamar Corp, Polo Ralph Lauren Corp. and 13 Stock and 8 ETF Top Picks (May 19-25)

This week were 13 Stock and 8 ETF Top Picks in a wide range of industries: Financials, ETF, Consumer, Healthcare, Industrials, Energy and Technology. Here are this week’s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, Daniel Straus, Mike… read more