After the close with Allan
Positive data on both sides of the border drove market optimism Thursday. In the U.S., there were far fewer weekly jobless claims than expected, and President Biden and the Senate finally agreed to an infrastructure bill worth around US$1 trillion. […]
Cyclicals and reopening stocks edged down Wednesday, but the Nasdaq rose nearly 17 points to a new record high of 14,270. Tesla saw its biggest gain in more than two months, leaping 5.27% as Twitter jumped 4.23%. Beyond tech, Ford […]
This week, you missed Past Top Picks comments by Josef Schachter, including Surge Energy Inc (A Top Pick Jun 20/19, Down 66%) Get Premium to receive all past top picks opinions a few hours before market open. American stocks began […]
Markets began the week erasing recent losses by rallying in both growth and value. All 30 Dow stocks finished in the green as the major indices closed near session highs. The Dow jumped 1.76%, the S&P 1.4%, the Nasdaq 0.79% […]
This week, you missed Past Top Picks comments by Eric Nuttall, including Crescent Point Energy Corp (A Top Pick Aug 30/19, Down 44%) Get Premium to receive all past top picks opinions a few hours before market open. American stocks […]
The U.S. Fed’s remarks from Wednesday, calling for interest rate hikes in 2023, weighed on investors Thursday as the Dow closed -0.62% and the S&P was nearly flat at -0.04%. At the same time, investors remain confident about a strong […]
American markets dipped as the U.S. Fed’s Jerome Powell after projecting two interest rate hikes in 2023. “Lift-off is well into the future,” he said, though acknowledged that inflation could wind up “higher and more persistent” than expected. American stocks […]
This week, you missed Past Top Picks comments by Stephen Takacsy, including Swiss Water Decaf Coffee (A Top Pick Jun 03/19, Down 48%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, […]
Like walking in a heatwave, trading was sluggish and slow on Monday, but the TSX and S&P managed to climb a few points before the close to make new record highs. Meanwhile, the Dow slipped by 0.25% while the Nasdaq […]
This week, you missed Past Top Picks comments by Greg Newman, including Citigroup Inc. (A Top Pick Jun 18/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. It was a good […]
On Thursday, the U.S. released higher-than-expected inflation numbers which the markets surprisingly embraced. Apparently, bond and equity traders interpreted inflation is a transitory phased, based on CPI numbers that were the highest since 2008. The Dow barely budged, but the […]
After several strong sessions, the TSX, American stocks and oil retrenched a bit on Wednesday. The TSX closed -0.26% but stayed above 20,000 as a major sector, financials, lost some ground. For example, TD was down 0.7%. Tech also retrenched […]
This week, you missed Past Top Picks comments by Stan Wong, including Dollar General Corp. (A Top Pick May 22/19, Up 53%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, the […]
The trading week began on a quiet note as the TSX closed two points higher. Similarly, the S&P lost only 0.08% as the Dow shed 0.36% and the Nasdaq gained 0.49%. Wall Street is waiting for the Democrats and Republicans […]
This week, you missed Past Top Picks comments by Ryan Bushell, including Canadian Imperial Bank of Commerce (A Top Pick Jul 15/19, Down 1%) Get Premium to receive all past top picks opinions a few hours before market open. After […]
Markets were mixed in Thursday trading as the TSX faded into the close to finish -0.15% while Wall Street rose from session lows. The Nasdaq closed -1%, the Dow -0.07% and the S&P -0.36%. Sentiment shifted after reports surfaced of […]
For another session, the TSX cracked 20,000 points, but settled lower and slightly in the negative. The main Wall Street indices followed suit, but rose into the green with the S&P closing at 0.15% Wednesday. For the Canadian market especially, […]
The TSX briefly reached 20,000 Tuesday morning for the first time ever and closed 24 point shy of that mark after advancing 1.24% for the day. Energy names propelled Toronto’s rally by popping 4.49% as crude oil jumped to a […]
Wall Street was closed for Memorial Day on Monday, but the TSX continued to climb towards 20,000. At least it did in the morning when Toronto briefly made a fresh intraday high, but it closed -0.61% on light volumes. Energy […]
This week, you missed Past Top Picks comments by Robert McWhirter, including Alibaba Microbix Biosystems (A Top Pick May 17/19, Down 7%) Get Premium to receive all past top picks opinions a few hours before market open. On Friday, the […]
Bank earnings and rising oil prices Thursday pushed the TSX by 0.16% to new record high of 19,776. RBC, CIBC and TD all reported big beats, but TD’s gains were tempered when considering their loan-loss provisions. TD actually closed at […]
The TSX rallied nearly 1% Wednesday to a new record of 19,745 as all sectors rallied particularly financials, energy and materials. BMO kicked off Canadian bank earnings weak by posting a blow-out quarter and jumping 1.46%, which bodes well for […]
This week, you missed Past Top Picks comments by John O’Connell, including Alibaba FedEx (A Top Pick May 13/19, Down 27%) Get Premium to receive all past top picks opinions a few hours before market open. The TSX played catch-up […]
The TSX was closed for Victoria Day, but American stocks rallied on Monday, driven by oil and tech. The major indices closed on strength as the S&P rose nearly 1%, the Dow 0.54% and the Nasdaq by 1.52%. The price […]
This week, you missed Past Top Picks comments by Mike S. Newton, including Alibaba Group Holding (A Top Pick May 14/19, Up 16%) Get Premium to receive all past top picks opinions a few hours before market open. It was […]
