Thank you all for your feedback about the new newsletter format. ❤️
There was a small bug where the change % was wrong. This has been fixed. We are currently showing the 6 months trend chart next to each top pick. The change price and percent are now last day change. We are still reviewing this since it feels a big wrong that you can see a 6 month chart that shows a down trend beside a price change that went up. What would you like to see in there?
Bud, weed and Apple usher in October
On Monday, the TSX continued to decline, slipping 0.21% to close at 16,658 as New York indices regained ground it lost on Friday, all finishing in the green with the Nasdaq rising the highest, up 0.75% to 7,999. Monday’s session continues last week’s see-saw pattern as the U.S. Department of Justice refuted Friday’s report that President Trump will block Chinese companies from listing on American exchanges.
The big gainer was Apple after JP Morgan predicted the stock would rise 20% on better-than-expected iPhone sales. Apple jumped 2.35% to $223.97. Across the world, Budweiser debuted on the Hong Kong exchange, closing above 4.44% above its $27.00 IPO at $28.44.
Back home, the TSX was weighed down due to materials (-1.6% as gold futures declined), energy (-0.9% as oil prices slipped) and healthcare dropped (-2.1%) as cannabis stocks continued falling after a U.S. warning against buying vaporizer products that contain weed. For example, beleagured CannTrust plunged 6.88% Monday to $1.49. On the bright side, the TSX was up for the third straight quarter, gaining 1.7%, and advancing 16.3% year-to-date.