{"id":132944,"date":"2019-12-17T21:34:31","date_gmt":"2019-12-17T21:34:31","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=132944"},"modified":"2019-12-18T00:46:33","modified_gmt":"2019-12-18T00:46:33","slug":"the-melt-up-continues-amid-low-volumes","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/the-melt-up-continues-amid-low-volumes\/","title":{"rendered":"The melt-up continues amid low volumes"},"content":{"rendered":"<p>New York and Toronto markets continued to melt up despite a quiet day of trading Tuesday. Energy was up 1.83% which helped propel the TSX, and financials rose 0.49% to raise the S&amp;P.<\/p>\n<p>Stocks in the spotlight include <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor<\/a> plunged nearly 18% after Jim <a href=\"https:\/\/finance.yahoo.com\/news\/billionaire-pattison-pulls-canfor-bid-124236045.html\" target=\"_blank\" rel=\"noopener\">Pattison<\/a> gave up his big to privatize the lumber company after shareholders rejected his $16\/share offer as too low. <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> announced it will halt production of its troubled Boeing <a href=\"https:\/\/www.theglobeandmail.com\/business\/international-business\/article-boeing-suppliers-brace-for-potential-suspension-of-737-max-production\/\" target=\"_blank\" rel=\"noopener\">737<\/a> Max, whose faulty software caused two deadly crashes. Surprisingly, the stock rallied after falling $6 after the opening bell and closed exactly flat.<\/p>\n<p>That said, Boeing shares have slid nearly $50 in the past month and the aircraft producer is trading near its 52-week highs and well below its 50- and 200-day moving averages. The shutdown will continue to harm many suppliers and countless airlines who depend on the 737 and are demanding compensation from Boeing. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed, Bath &amp; Beyond<\/a> rallied after the new CEO overhauled his <a href=\"https:\/\/www.barrons.com\/articles\/bed-bath-beyond-leadership-shake-up-vision-strategy-51576590131?siteid=yhoof2&amp;yptr=yahoo\" target=\"_blank\" rel=\"noopener\">executive<\/a> suite. On Tuesday, a total of six execs departed, and shareholders responded by bidding the stock up 11.24%.<\/p>\n<p>&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor Corp<\/a> -18%<br \/>\n&#x2708; <a href=\"https:\/\/stockchase.com\/company\/view\/126\/BA-N\">Boeing<\/a> -0.10%<br \/>\n&#x1f6cf; <a href=\"https:\/\/stockchase.com\/company\/view\/129\/BBBY-Q\">Bed Bath &amp; Beyond<\/a> +11.24%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York and Toronto markets continued to melt up despite a quiet day of trading Tuesday. Energy was up 1.83% which helped propel the TSX, and financials rose 0.49% to raise the S&amp;P. Stocks in the spotlight include Canfor plunged [&hellip;]<\/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":[],"class_list":["post-132944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/132944","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=132944"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/132944\/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=132944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=132944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=132944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}