{"id":116486,"date":"2019-10-23T20:29:48","date_gmt":"2019-10-23T20:29:48","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=116486"},"modified":"2019-10-24T00:01:07","modified_gmt":"2019-10-24T00:01:07","slug":"earnings-winners-and-losers-the-rails-rogers-and-tech","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/earnings-winners-and-losers-the-rails-rogers-and-tech\/","title":{"rendered":"Earnings winners and losers: the rails, Rogers and tech"},"content":{"rendered":"

Though newly re-elected Prime Minister Justin Trudeau vowed to forge ahead with the TransMountain<\/a> pipeline, crude-by-rail has driven the rail stocks higher in the past year. However, on Wednesday, CN Rail<\/a> said it was lowering its guidance<\/a> for 2019 due to sluggish rail volumes and a soft North American economic outlook.<\/p>\n

CN still enjoyed higher revenue and net profits in Q3.The stock closed Wednesday 1% higher. After-hours, CP<\/a> reported its own earnings<\/a> which were largely in-line with street expectations and were slightly better than CN’s. CP announced record Q3 earnings of $1.98 billion. Contrast that with cannabis producer, Hexo<\/a>, whose wild ride continued Wednesday when it postponed their Q4 earnings to Oct. 28 and surprised the street with a private debt<\/a> raise of $70 million. Earlier this month, Hexo’s CFO<\/a> quit, then the company issued a revenue warning. On Wednesday, Hexo closed up 3.54% at $3.51, but just a month ago they traded at $5.84 on the TSX.<\/p>\n

Turning to telcos and tech, Rogers<\/a> helped dragged the TSX slightly into the negative after lowering guidance<\/a>. Apparently, too many Canadian signed up for their unlimited data plans which weighted on their bottom line. Rogers was hammered by 8.12% to $61.00. It remains the weakest Canadian telco in terms of stock performance over the past year. In Washington, Facebook<\/a> founder Mark Zuckerberg was back on Capitol Hill, grilled over his Libra cryptocurrency. Investors were not worried, however, as the social media giant closed 2.09% up. Meanwhile, tech juggernaut, Microsoft<\/a>, announced another earnings<\/a> beat after-hours. American markets closed marginally in the green Wednesday.<\/p>\n

\":hierba:\" Hexo Corp +3.54%
\n📱 Rogers Communications<\/a> -8.12%
\n\":cambio_de_divisas:\"\u00a0Facebook<\/a> +2.09%<\/p>\n","protected":false},"excerpt":{"rendered":"

Though newly re-elected Prime Minister Justin Trudeau vowed to forge ahead with the TransMountain pipeline, crude-by-rail has driven the rail stocks higher in the past year. However, on Wednesday, CN Rail said it was lowering its guidance for 2019 due […]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[204,201,131,70,140,192,142,171,313,235,317],"class_list":["post-116486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-cannabis","tag-energy-stocks","tag-facebook","tag-investing","tag-microsoft","tag-pipelines","tag-railroads","tag-tech-stocks","tag-trudeau","tag-washington","tag-western-canada"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/116486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=116486"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/116486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=116486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=116486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=116486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}