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Toronto and New York markets rebounded Tuesday, nearly recovering losses sustained in Monday’s major sell-off, triggered by fears over the coronavirus impacting China. The Nasdaq leapt 1.43% while the Dow recovered only 0.66%. The TSX rose 0.33%, and regained half the ground it lost between Friday and Monday.<\/p>\n
Tech, industrials, telcos, cannabis (health) and even energy led the way in Toronto with Ballard Power<\/a> continuing its zigzag performance, spiking over 13%, but still a long ways from its all-time high just eight days ago. Speaking of zigzaging, Bombardier<\/a> soared 8.33% after Germany announced it would be buying its jets.<\/a> At the same time, though, Germany railroad, Deutsche Bahn is refusing to buy 25 intercity trains due to technical defects.<\/p>\n North American investors appeared to be assured by reports that China is containing the coronavirus<\/a>, such as closing the border at Hong Kong, but cases and deaths continue to rise. Starbucks<\/a>, which has closed more than half of its Chinese<\/a> locations and admits it will take a quarterly and 2020 hit from the lost revenues. The market seems to be accepting the news. Starbucks was down only 0.15% on Tuesday. Lastly, Apple<\/a> announced an earnings<\/a> 1.68% beat after-hours. Expect it to climb Wednesday morning, and expect more developments about the outbreak in China.<\/p>\n ⚡ Ballard Power Systems<\/a> +13% This week, you missed Past Top Picks comments by James Telfser including Emera Inc (A Top Pick May 07\/19, Up 8%) Get Premium to receive all past top picks opinions a few hours before market open. Toronto and New York […]<\/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-143556","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\/143556","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=143556"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/143556\/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=143556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=143556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=143556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n🚂 Bombardier Inc<\/a> +8.33%
\n☕ Starbucks<\/a> -0.15%
\n🍎 Apple<\/a> +1.68%<\/p>\n","protected":false},"excerpt":{"rendered":"