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

TSX makes record high, but Wall St. mixed before trade deal

Allan TongAllan Tong Posted On January 14, 2020
0
472 Views
0
0
Shares
  • Share On Facebook
  • Tweet It


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.
Get Premium

The TSX finished strong on Tuesday, closing up 0.34% to a new record high. Buying was especially robust in the last hour of trading, with materials, industrials and consumer staples leading the way. Nine of 11 sectors were in the green. Even oil stocks outpaced a modest increase in crude. Wesdome Gold was one of the strongest performers, rallying nearly 6%. Weed stocks rallied, with Canntrust rising 5.8%, though Aphria slid 8.59% after it released weak Q2 revenues and revised down its guidance, blaming the slow government roll-out of legal cannabis stores.

In contrast, the Nasdaq and S&P closed negative while the Dow barely scraped into the positive. New York indices actually broke intra-day highs, but tumbled sharply after reports appeared that American tariffs on Chinese goods won’t be removed until after the November U.S. vote.

That report appeared on the eve of the signing of phase one of the trade deal between the States and China. Meanwhile, U.S. earnings season kicked off with the banks reporting. JP Morgan and Citibank both reported positively, but Wells Fargo plunged over 5% missed profit and revenue, dragged down by litigation costs. Expect more earnings this week and, as mentioned, the trade deal signing.

🥇 Wesdome Gold Mines Ltd. +6%
🌿 Canntrust Holdings Inc. +5.8%
🌿 Aphria Inc +8.59%
🏛 Wells Fargo -5%

Post Views: 472
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Canadian Tire Corporation Ltd., Royal Bank and More at 52-week Highs (Jan 06-12)
Melisa R. H. January 13, 2021
KB Home, Verizon Communications and 20 Stock Top Picks (Jan 08-14)
Melisa R. H. January 15, 2021
Read Next

Trade deal signed, Dow, S&P and TSX make new highs

  • 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

    • Canadian Tire Corporation Ltd., Royal Bank and More at 52-week Highs (Jan 06-12)
    • 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