After the close with Allan
Wednesday’s bounce faded soon after the opening bell Thursday as the bears started selling. No, it wasn’t another rout, but the TSX closed -1.21% and the American indices fared worst, especially the Nasdaq which finished -1.99%. Also of note, volumes […]
Following nearly a week of sharp selling across the board, tech stocks on Wednesday led a bounce to partially recover recent losses. The Nasdaq rallied 2.7% while the Dow rose 1.6% and the S&P climbed 2.01%. It was a convincing […]
This week, you missed Past Top Picks comments by Michael Sprung including Canadian Natural Rsrcs (A Top Pick Aug 22/18, Down 27%) Get Premium to receive all past top picks opinions a few hours before market open. Markets resumed the tech […]
This week, you missed Past Top Picks comments by Barry Schwartz including Brookfield Infrastructure Partners (A Top Pick Oct 31/18, Up 35%) Get Premium to receive all past top picks opinions a few hours before market open. Though it was nowhere […]
Just a day after the Nasdaq cracked 12,000 points and the S&P closed at record highs, American stocks plunged Wednesday. The Nasdaq plunged 4.96%. The heavily traded shares were Apple, closing -8% and AMD at -8.51%. Basically, every tech stock […]
The big news Wednesday was Altice USA offering to buy Cogeco Communications for $10.3 billion cash (US$7.8 billion), but would sell Cogeco’s Canadian assets to Rogers. However, the family that controls Cogeco is rejecting this hostile bid. Cogeco soared 16.84% […]
This week, you missed Past Top Picks comments by Andrew Pyle including Dollarama Inc. (A Top Pick May 29/19, Up 15%) Get Premium to receive all past top picks opinions a few hours before market open. Another day, another rally. Despite […]
Though the TSX closed -1.09%, it completed August with its fifth-straight monthly gain despite being handicapped by historically weak oil prices. Headlines dominated the Toronto exchange to start the week. Ottawa has agreed to buy over 100 million COVID vaccines […]
This week, you missed Past Top Picks comments by Rick Stuchberry including Toronto Dominion (A Top Pick Sep 05/18, Down 6%) Get Premium to receive all past top picks opinions a few hours before market open. Whether it’s FOMO, the […]
The TSX couldn’t return to morning highs and closed -0.35% on Thursday, despite good news that Canada’s current account deficit had shrunk from $13.22 billion in Q1 to $8.63 billion in Q2. However, TD and CIBC concluded bank earnings week […]
This week, you missed Past Top Picks comments by Josef Schachter including Trinidad Drilling Ltd (A Top Pick Aug 13/18, Down 3%) Get Premium to receive all past top picks opinions a few hours before market open. Bank earnings week continued […]
This week, you missed Past Top Picks comments by Josef Schachter including Trinidad Drilling Ltd (A Top Pick Aug 13/18, Down 3%) Get Premium to receive all past top picks opinions a few hours before market open. On Wall Street, the […]
Hopes for a COVID vaccine and treatment lifted markets in Toronto and New York to start the week and extend the current bull run. The S&P rallied 1% to close above 3,400 for the first time while the Nasdaq made […]
This week, you missed Past Top Picks comments by Gordon Reid including CVS Health Corp (A Top Pick Aug 21/18, Down 14%) Get Premium to receive all past top picks opinions a few hours before market open. Lower oil prices pushed […]
Thursday saw low trading volumes and a negative start that gradually turned positive. Not exactly a session to write home about, but the TSX closed 0.18% while the Dow and S&P finished in that range. TSX volumes were 20% lower […]
The TSX sagged 0.29% on higher volumes than in the past week. Canada’s inflation rate slipped to 0.1% in July below the expected 0.5% and June’s 0.5%. Gold slipped below $2,000/ounce or nearly 1% though the price of WTI dipped […]
This week, you missed Past Top Picks comments by Jamie Murray including Constellation Brands Inc (A Top Pick Oct 02/18, Down 5%) Get Premium to receive all past top picks opinions a few hours before market open. Tuesday saw a stunning […]
Markets began the week breaking new highs on the Nasdaq and coming within a hair for the S&P. The Nasdaq rallied 1% to close at 11,129 while the S&P rose 0.27%. The Dow, in contrast, shed 0.31%, though the TSX […]
This week, you missed Past Top Picks comments by Lorne Steinberg including ING Groep NV (A Top Pick Aug 01/18, Down 33%) Get Premium to receive all past top picks opinions a few hours before market open. Though volumes were in […]
It’s the dog days of summer, even during a pandemic, as Thursday saw markets slightly selling off in Toronto and New York. The rotation from tech into cyclicals remains on pause, though there was no dramatic movement in tech stocks […]
The recent rotation into cyclicals paused, at least on Wednesday, as tech stocks bounced back. The Nasdaq rallied 2.13% as big names like Apple rose 3.32% and Qualcomm broke new highs, surging 6.4%, after overturning a Federal Trade Commission anti-trust […]
This week, you missed Past Top Picks comments by Hap (Robert) Sneddon including Progressive Corp Ohio (A Top Pick Feb 04/19, Up 22%) Get Premium to receive all past top picks opinions a few hours before market open. Wall and Bay […]
Markets began the week on an upbeat note as oil rallied on Saudi Aramco‘s positive outlook about China sustaining oil demand in the near future, even though Saudi Aramco reported a sharp plunge in profits. Meanwhile, North American investors continue […]
This week, you missed Past Top Picks comments by Cameron Hurst including Alerian MLP ETF (A Top Pick Aug 07/18, Down 12%) Get Premium to receive all past top picks opinions a few hours before market open. A week that saw […]
The rally continued on both sides of the border, despite worries of over-stretched markets. Though the price of WTI and WCS lost ground by Thursday’s close, Canadian energy stocks rallied 1.36%. Tourmaline Oil surged nearly 6%. Bausch Health initially shot […]
