{"id":117837,"date":"2019-10-28T21:21:05","date_gmt":"2019-10-28T21:21:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=117837"},"modified":"2019-10-28T23:22:10","modified_gmt":"2019-10-28T23:22:10","slug":"toronto-flat-but-new-york-indices-shine-with-tiffany","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/toronto-flat-but-new-york-indices-shine-with-tiffany\/","title":{"rendered":"Toronto flat, but New York indices shine with Tiffany"},"content":{"rendered":"

While the TSX closed flat on Monday, New York indices were way up, with the S&P cracking a new intra-day high at the opening bell and the Nasdaq closing 1.01% higher. American investors were feeling confident after Trump<\/a> told reporters that US-China trade negotiations were “ahead of schedule,” though he offered no details or timeline. Regardless, Microsoft<\/a> jumped 2.46% after weekend news that it had beaten Amazon<\/a> to win a $10 billion cloud contract<\/a> from the U.S. Army.<\/p>\n

But the deal isn’t a slam dunk for Microsoft. Amazon cited interference from Trump, well-known for his feud with Amazon CEO Jeff Bezos, and from Microsoft’s own employees, unhappy that their company was now enhancing the “lethality” of U.S. defense. More triumphant was Tiffany<\/a> after French luxury goods company, LVMH<\/a> (which owns Louis Vuitton) offered to buy<\/a> the famous New York jeweler. Their offer was $120, or 20% higher than Friday’s closing price. Tiffany skyrocketed 31.63% on Monday, though LVMH closed down slightly by 0.33%.<\/p>\n

In Toronto, QSR<\/a> was down 3.65% after a disappointing earnings<\/a> report. Popeyes’ same-store growth was up, and Burger King’s meatless Whopper pushed same-store sales growth, but yet again, Tim Horton’s dragged the fast-food stock down with weak performance.<\/p>\n

🌐 Microsoft<\/a> +2.46%
\n💍 Tiffany & Co. New<\/a> +31.63%
\n👞 LVMH (Moet Hennessy Louis Vuitton)<\/a> +0.33%
\n🍔 Restaurant Brands International<\/a> -3.65%<\/p>\n","protected":false},"excerpt":{"rendered":"

While the TSX closed flat on Monday, New York indices were way up, with the S&P cracking a new intra-day high at the opening bell and the Nasdaq closing 1.01% higher. American investors were feeling confident after Trump told reporters […]<\/p>\n","protected":false},"author":12,"featured_media":0,"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":[132,126,211,179,328,140,327,220,218,329],"class_list":["post-117837","post","type-post","status-publish","format-standard","hentry","category-daily","tag-amazon","tag-china","tag-cloud-computing","tag-fast-food","tag-luxury-goods","tag-microsoft","tag-tiffany","tag-trade-war","tag-trump","tag-vuitton"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/117837","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=117837"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/117837\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=117837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=117837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=117837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}