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Buying-the-dip was the theme in Friday’s trading as the TSX bounced back 1.37% and American indices rallied 1-1.9%. The morning began strong but faded until mid-afternoon when buyers returned to pick up cheap stocks.<\/p>\n
Big movers on Wall Street included Boeing<\/a>, soaring 11.48%, Starbucks<\/a> up 5.24% and Bank of America<\/a> at 3.55%. The Dow lost 5.5% for the week and TSX slipped 3.77%, making it the worst week in three months. Then again, stocks had been enjoying a sharp rebound with some warning that markets were overheating. Leading the charge have been the tech giants; this week, the Nasdaq made an all-time high and cracked 10,000 though closed Friday at 9,588. On Thursday, stocks sold off 4-7% in reaction to the U.S. Fed’s cautious outlook for the American recovery and to the number of Covid cases increasing in some states.<\/p>\n In Toronto, real estate, energy, industrials and financials rallied. Shawcor<\/a> soared nearly 36% as Boston Pizza<\/a> popped 12%. Air Canada<\/a> regained 8.68% in heavy trading. In earnings news, Lululemon<\/a> sold off reported an earnings<\/a> decline and miss in Q1 due to the Covid-19 lockdown. YOY sales slid 17%. Lululemon sold off 3.82%. Oil and gold were flat for the day.<\/p>\n 🛫 Boeing<\/a> +11.48% This week, you missed Past Top Picks comments by Peter Imhof\u00a0including Yangarra Resources (A Top Pick Jun 13\/18, Down 60%) Get Premium to receive all past top picks opinions a few hours before market open. Buying-the-dip was the theme in […]<\/p>\n","protected":false},"author":12,"featured_media":170380,"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-174392","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\/174392","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=174392"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/174392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/170380"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=174392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=174392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=174392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n☕ Starbucks<\/a> +5.24%
\n🏛 Bank of America<\/a> +3.55%
\n🛢 Shawcor Ltd. (A)<\/a> +36%
\n🍕 Boston Pizza Royalties<\/a> +12%
\n🛫 Air Canada<\/a> +8.68%
\n👟 LuLulemon Athletica (US)<\/a> -3.82%<\/p>\n","protected":false},"excerpt":{"rendered":"