Net worth tracking
Login Sign Up
  • All Opinions
  • Top Picks
  • Discover
  • Companies
  • Experts
WATCH LIST
Home » Daily

Markets edge back on stimulus, vaccine delays

Allan TongAllan Tong Posted On October 13, 2020
0
77 Views
0
0
Shares
  • Share On Facebook
  • Tweet It


This week, you missed Past Top Picks comments by Brian Acker including Walgreen Boots Alliance (A Top Pick Nov 02/18, Down 29%) Get Premium to receive all past top picks opinions a few hours before market open.
Get Premium

A day after a strong rally, Wall Street on Tuesday gave back some of those gains after the long-awaited stimulus bill remains stalled in Washington. Other factors likely include some profit-taking from the recent run-up in stocks, particularly tech, and Johnson & Johnson and Eli Lilly announcing a momentary pause in their tests for a Covid vaccine.

The S&P and Dow lost more than half a per cent, while the Nasdaq fluttered between positive and negative until it closed -0.10%. JNJ closed -2.29% while Apple shed 2.65% even though it unveiled its much-hyped iPhone 12 (first 5G phone) on Tuesday. In contrast, investors applauded Disney’s announcement late Monday that it will undergo a massive restructuring to focus on streaming content. The news follows the ongoing effect of Covid and the demands of an activist investor who pushed the company in this direction. Disney popped 3.19% in volumes twice as heavy as usual.

The TSX returned to business after Thanksgiving, but materials dragged the index down as oil and copper prices sagged, even though WTI and WCS crude both gained 1.9% and 1.2% respectively. Vermilion shed nearly 5%. In contrast, Air Transat soared a full dollar or 26% after Air Canada announced on the weekend a $5 per share takeover offer. Industrials and telcos showed strength. Also high were cannabis stocks, including Aphria, jumping 6.24%, and tech turnaround story, Blackberry up 8.84%

💊 Johnson & Johnson -2.29%
🍎 Apple -2.65%
👸 Walt Disney +3.19%
🛢 Vermilion Energy Inc -5%
🛫 Transat AT Inc. +26%
🌿 Aphria Inc +6.24%
📱 BlackBerry +8.84%

Post Views: 77
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Xebec Adsorptions Inc, Aphria Inc and More at 52-week Highs (Jan 13-19)
Melisa R. H. January 20, 2021
KB Home, Verizon Communications and 20 Stock Top Picks (Jan 08-14)
Melisa R. H. January 15, 2021
NEE Stock and BABA Stock: 3 Savvy Election-proof Stocks
Read Next

NEE Stock and BABA Stock: 3 Savvy Election-proof Stocks

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Join 39,652 Investors

    Winning in the Market eBook
    We deliver stock ideas to your inbox. Sign up free, get the ebook!

  • Top Reviews

    • The Ugly Truth About Identity Theft – Free Credit Report
      10
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
  • Popular Posts

    • Xebec Adsorptions Inc, Aphria Inc and More at 52-week Highs (Jan 13-19)
    • KB Home, Verizon Communications and 20 Stock Top Picks (Jan 08-14)
    • Richelieu Hardware, Eastmain Resources Inc and More Earnings Reports this Week (Jan 18-22)
    • Questrade vs Others | The Review Competitors Don't Want you to Read (2021)
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
  • Stock Lists

    • 2 Successful Past Picks: Nuvei & Medtronic
      January 19, 2021
    • 4 Proven Financial Stocks Riding the Blue Wave
      January 13, 2021
    • Top 8 ETF Stocks To Watch in 2021
      January 8, 2021
    • Top 10 Finance Stocks To Watch in 2021
      January 7, 2021
    • Top 5 Energy Stocks To Watch in 2021
      January 6, 2021


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search