{"id":139752,"date":"2020-01-14T23:53:38","date_gmt":"2020-01-14T23:53:38","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=139752"},"modified":"2020-01-15T14:28:40","modified_gmt":"2020-01-15T14:28:40","slug":"tsx-makes-record-high-but-wall-st-mixed-before-trade-deal","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-makes-record-high-but-wall-st-mixed-before-trade-deal\/","title":{"rendered":"TSX makes record high, but Wall St. mixed before trade deal"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/1305\/Lorne-Steinberg\">Lorne Steinberg<\/a> including <a href=\"https:\/\/stockchase.com\/ING-N\">ING Groep NV <\/a>(<strong>A Top Pick Aug 01\/18, Down 33%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>The <a href=\"https:\/\/www.thestar.com\/business\/2020\/01\/14\/sptsx-composite-trades-at-record-high-us-stock-markets-mixed.html\" target=\"_blank\" rel=\"noopener\">TSX<\/a> 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. <a href=\"https:\/\/stockchase.com\/WDO-T\">Wesdome Gold<\/a> was one of the strongest performers, rallying nearly 6%. Weed stocks rallied, with <a href=\"https:\/\/stockchase.com\/TRST-T\">Canntrust<\/a> rising 5.8%, though <a href=\"https:\/\/stockchase.com\/APHA-T\">Aphria<\/a> slid 8.59% after it released weak Q2 <a href=\"https:\/\/finance.yahoo.com\/m\/f7e39e8a-8d8f-39b7-8b05-1aeda9418b01\/aphria-stock-slides-on.html\" target=\"_blank\" rel=\"noopener\">revenues<\/a> and revised down its guidance, blaming the slow government roll-out of legal cannabis stores.<\/p>\n<p>In contrast, the Nasdaq and S&amp;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 <a href=\"https:\/\/www.marketwatch.com\/story\/stock-futures-edge-lower-as-earnings-season-kicks-off-2020-01-14?siteid=yhoof2&amp;yptr=yahoo\" target=\"_blank\" rel=\"noopener\">tariffs<\/a> on Chinese goods won&#8217;t be removed until after the November U.S. vote.<\/p>\n<p>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. <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan<\/a> and <a href=\"https:\/\/stockchase.com\/C-N\">Citibank<\/a> both reported positively, but <a href=\"https:\/\/stockchase.com\/WFC-N\">Wells Fargo<\/a> plunged over 5% missed profit and revenue, dragged down by litigation costs. Expect more earnings this week and, as mentioned, the trade deal signing.<\/p>\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/WDO-T\">Wesdome Gold Mines Ltd.<\/a> +6%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/TRST-T\">Canntrust Holdings Inc.<\/a> +5.8%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/APHA-T\">Aphria Inc<\/a> +8.59%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/WFC-N\">Wells Fargo<\/a> -5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. The TSX finished [&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-139752","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\/139752","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=139752"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/139752\/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=139752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=139752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=139752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}