{"id":182574,"date":"2020-08-04T21:59:36","date_gmt":"2020-08-04T21:59:36","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=182574"},"modified":"2020-08-05T13:27:34","modified_gmt":"2020-08-05T13:27:34","slug":"tsx-catches-up-u-s-waits-for-stimulus","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-catches-up-u-s-waits-for-stimulus\/","title":{"rendered":"TSX catches up, U.S. waits for stimulus"},"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\/83\/David-Burrows\">David Burrows<\/a>\u00a0including <a href=\"https:\/\/stockchase.com\/company\/view\/2679\/HES-N\">Hess Corp.<\/a> (<strong>A Top Pick Sep 20\/18, Down 15%<\/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>On Tuesday, the TSX played catch-up to Wall Street&#8217;s Monday rally, rising 1.23%. One driver was Canada&#8217;s <a href=\"https:\/\/beta.canada.com\/pmn\/business-pmn\/tsx-rises-on-upbeat-manufacturing-data\/wcm\/41db8475-9520-4feb-978e-9861d130fcb5\/\" target=\"_blank\" rel=\"noopener\">PMI<\/a> continuing to rise from June to July as the country was reopening. Though the TSX industrials shed 0.77%, energy rallied 3.25%. <a href=\"https:\/\/stockchase.com\/company\/view\/32\/ARX-T\">Arc Resources<\/a> jumped 7% and <a href=\"https:\/\/stockchase.com\/company\/view\/442\/ERF-T\">Enerplus<\/a> leapt 9%, among the day&#8217;s biggest gainers. <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify<\/a> continued its climb, closing 4.8% as <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> soared nearly 10% ahead of earnings on August 6. The Canadian dollar rose 0.52% and gold marched another 2.3%.<\/p>\n<p>Americans and Wall Street continue to wait for Washington to complete its next stimulus package as earnings continued to roll in. The S&amp;P climbed 0.36%, the Nasdaq 0.35% and the Dow 0.62%.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/company\/view\/2792\/MOS-N\">Mosaic<\/a> soared 13.69% after beating earnings and EBITDA, but <a href=\"https:\/\/stockchase.com\/company\/view\/1719\/RL-N\">Ralph Lauren<\/a> declined 4.39%. After the closing bell, <a href=\"https:\/\/stockchase.com\/company\/view\/369\/DIS-N\">Disney<\/a> reported a <a href=\"https:\/\/www.cnbc.com\/2020\/08\/04\/disney-dis-q3-2020-earnings.html\" target=\"_blank\" rel=\"noopener\">revenue<\/a> miss, but announced that Disney+ subscribers can see the much-anticipated blockbuster, <em>Mulan, <\/em>for a fee next month. Disney rose 0.81% during the day and another 4% after hours. In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> reported a massive earnings beat and rose over 1.5%. <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> slipped 1.5% after Trump declared a deadline of September 15 for TikTok&#8217;s American (and Canadian, Australian and New Zealand) operations to be sold to the tech giant.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/32\/ARX-T\">Arc Resources Ltd<\/a> +7%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/442\/ERF-T\">Enerplus Corp<\/a> +9%<br \/>\n&#x1f6cd; <a href=\"https:\/\/stockchase.com\/company\/view\/5093\/SHOP-T\">Shopify Inc.<\/a> +4.80%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/6014\/LSPD-T\">Lightspeed POS<\/a> +10%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/2792\/MOS-N\">Mosaic Company (The)<\/a> +13.69%<br \/>\n&#x1f454; <a href=\"https:\/\/stockchase.com\/company\/view\/1719\/RL-N\">Polo Ralph Lauren Corp.<\/a> -4.39%<br \/>\n&#x1f478; <a href=\"https:\/\/stockchase.com\/company\/view\/369\/DIS-N\">Walt Disney<\/a> +0.81%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> +1.5%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/company\/view\/820\/MSFT-Q\">Microsoft<\/a> -1.5%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by David Burrows\u00a0including Hess Corp. (A Top Pick Sep 20\/18, Down 15%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, the TSX played [&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-182574","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\/182574","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=182574"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/182574\/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=182574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=182574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=182574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}