Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

TD and Nordstrom enjoy a quiet Thursday

Allan Tong Posted On November 21, 2019
0
0
Shares
  • Share On Facebook
  • Tweet It

The TSX closed Thursday flat again with utilities and banks enjoying healthy gains. Green energy producer, Northland Power, rose 1.23% to new high near $28. Similarly, Royal Bank, jumped to a new high of $109.16, and TD came close to its own, closing at $77.16. TD has a stake of 42% in TD Ameritrade, which shot up nearly 17% after it was reported that Charles Schwab was in talks to acquire the trading platform. TD Ameritrade has been choppy lately as it faces competition from no-fee trading apps. Schwab was up 7.33%.

The TSX slightly outperformed the American indices which faded slightly on Thursday. However, the retail earnings parade continued after-hours when Nordstrom released its latest earnings. The retail chain soundly beat the street’s earnings-per-share forecast and raised its end-2019 forecast, predicting continued robust sales and few side-effects from the tariffs in the US-China trade war.

Nordstrom’s optimism is in sharp contrast to guidance downgrades from peers Macy’s and Kohl’s, whose stocks have been hammered this week by disappointing earnings reports. Nordstrom shares popped 10% in after-hours trading. Compare that to Williams-Sonoma which also reported after-hours, but issued disappointing sales trends. The stock was down 4% after-hours.

💥 Northland Power Inc +1.23%
🏛 TD Ameritrade Holding +17%
🏛 Charles Schwab Corp +7.33%
👞 Nordstrom Inc +10%
🍽 Williams-Sonoma Inc. -4%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
FedEx, Aritzia Inc. and 17 Stock and 3 ETF Top Picks (Jun 24-30)
Melisa R. H. July 1, 2022
3 gems from the Collision technology conference
Allan Tong June 29, 2022
You may also like
Happy Friday on Toronto and New York markets
December 6, 2019
TD and CIBC slide on weak earnings
December 5, 2019
Markets slide after Trump threatens France and E.U. with tariffs
December 4, 2019
Read Next

U.S. markets rise slightly on latest trade comments

  • 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!
  • Top Reviews

    • 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
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • FedEx, Aritzia Inc. and 17 Stock and 3 ETF Top Picks (Jun 24-30)
    • 3 gems from the Collision technology conference
    • Intertape Polymer Group and More at 52-week Highs & Lows (Jun 22-28)
    • 3 defensive stocks to find stability with your money
    • Markets slide on recession fears
  • Stock Lists

    • 3 defensive stocks to find stability with your money
      June 21, 2022
    • 3 rock stars of the mineral stocks
      June 15, 2022
    • 3 stocks to profit from revenge travel
      June 7, 2022
    • Are tech stocks alive?
      May 31, 2022
    • 3 dividend stocks to fight inflation
      May 24, 2022


  • 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