{"id":180097,"date":"2020-07-21T20:57:56","date_gmt":"2020-07-21T20:57:56","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=180097"},"modified":"2020-07-22T12:34:03","modified_gmt":"2020-07-22T12:34:03","slug":"data-oil-stimulus-and-vaccine-hopes-raise-markets","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/data-oil-stimulus-and-vaccine-hopes-raise-markets\/","title":{"rendered":"Data, oil, stimulus and vaccine hopes raise markets"},"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\/1384\/Gerard-Ferguson\">Gerard Ferguson<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/BYL-T\">Baylin Technologies<\/a> (<strong>A Top Pick Feb 05\/19, Down 13%<\/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>Though they dipped towards the close, markets rose Tuesday for a variety of reasons. First, the TSX gained early in Tuesday trading, but closed -0.13%. Drivers were a bump in crude prices by 3.1% and a record 18.7% spike in <a href=\"https:\/\/www.ctvnews.ca\/business\/retail-sales-on-pace-to-recover-after-18-7-per-cent-surge-in-may-says-statcan-1.5032551\" target=\"_blank\" rel=\"noopener\">Canadian retail sales<\/a> in May month-over-month, though short of the projected 20%.<\/p>\n<p>However, StatsCan estimates an impressive 24.5% rise for June, which analysts regard as robust pent-up demand. The energy sector leapt nearly 9% as WTI and WCS prices gained around 2.5%. <a href=\"https:\/\/stockchase.com\/VII-T\">Seven Generations<\/a> soared 14.29% (after an analyst upgrade) and <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy<\/a> spiked 7.3% in heavy trading. <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold<\/a> also enjoyed a 2.43% rise. However, tech giant <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify<\/a> slid 6.37%.<\/p>\n<p>On Wall Street, stocks climbed on hopes that Washington will inject further <a href=\"https:\/\/www.cnbc.com\/2020\/07\/20\/will-there-be-a-second-1200-stimulus-check-heres-what-we-know.html\" target=\"_blank\" rel=\"noopener\">stimulus<\/a> into the American economy as new COVID cases remains high. Cylicals were up, but tech was down. <a href=\"https:\/\/stockchase.com\/KO-N\">Coca-Cola<\/a> rose 2.34% after beating <a href=\"https:\/\/finance.yahoo.com\/news\/us-stocks-p-500-dow-153959037.html\" target=\"_blank\" rel=\"noopener\">earnings<\/a>. After Monday&#8217;s record close, <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla<\/a> slipped 4.54% after an analyst downgrade. Also lifting markets was ongoing optimism from three different companies reporting positive test results of their COVID-19 vaccines. Though rallying in the morning, the Dow closed up 0.6% and the S&amp;P by 0.17%, but the Nasdaq finished the session -0.81%.<\/p>\n<p>&#x26a1; <a href=\"https:\/\/stockchase.com\/VII-T\">Seven Generations Energy Ltd<\/a> +14.29%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CPG-T\">Crescent Point Energy Corp<\/a> +7.3%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold Corp.<\/a> +2.43%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/SHOP-T\">Shopify Inc.<\/a> -6.37%<br \/>\n&#x1f964; <a href=\"https:\/\/stockchase.com\/KO-N\">Coca-Cola Company<\/a> +2.34%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/TSLA-Q\">Tesla Motors Inc<\/a> -4.54%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Gerard Ferguson\u00a0including Baylin Technologies (A Top Pick Feb 05\/19, Down 13%) Get Premium to receive all past top picks opinions a few hours before market open. Though they dipped towards the [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"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-180097","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\/180097","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=180097"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/180097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=180097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=180097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=180097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}