Hopes lift stocks Monday

The market is betting on a speedy resolution to the US-Israel-Iran war and the unblocking of the Strait of Hormuz which 20% of the world’s oil passes through. Trump is asking America’s allies to help reopen the strait, but virtually all, including the UK, France, Japan and Germany (“We didn’t start this war”) have refused. Nonetheless, the US indices all rallied on Monday. The S&P rose 1.01%, the Nasdaq 1.22% and the Dow 0.83% or almost 400 points. Major movers: Dollar Tree 6.42%, Norwegian Cruise Line 5.14%, Western Digital 5.11%, Chipotle 4.8% and Ciena 7.85%. Bitcoin increased over 3% to US$73,970. The U.S. 10-year yield slipped to 4.22%.

The TSX followed suit by gaining over 1% to 32,876 and all sectors climbed, led by staples, tech, discretionary and financials. Key names: Lundin Gold 5.48%, NFI 5.37%, ATS 4.71%, Bird Construction 4.34% and Nutrien -6.47%. Silver edged up slightly to US$80.80, gold slipped by four dollars to US$5,015 while WTI fell 5.5% to US$93.25.

🛒 Dollar Tree (DLTR-Q) +6.42%

🚢 Norwegian Cruise Line Holdings (NCLH-N) +5.14%

💾 Western Digital (WDC-Q) +5.11%

🌶 Chipotle Mexican Grill (CMG-N) +4.8%

🧬 Ciena (CIEN-N) +7.85%

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3%

🥇 Lundin Gold Inc. (LUG-T) +5.48%

🚚 New Flyer Industries Inc. (NFI-T) +5.37%

⚙ ATS Automation Tooling Systems (ATS-T) +4.71%

🧱 Bird Construction Income Fund (BDT-T) +4.34%

🌿 Nutrien Ltd. (NTR-T) -6.47%