{"id":184608,"date":"2020-08-14T22:34:27","date_gmt":"2020-08-14T22:34:27","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=184608"},"modified":"2020-08-15T14:29:52","modified_gmt":"2020-08-15T14:29:52","slug":"markets-were-quiet-on-friday","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-were-quiet-on-friday\/","title":{"rendered":"Markets were quiet on Friday"},"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>\u00a0including <a href=\"https:\/\/stockchase.com\/company\/view\/632\/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>Though volumes were in line with past days, markets were quiet on Friday, offering few dramatic stock moves or headlines. The TSX closed -0.24% and the Nasdaq -0.21% after rebounding Thursday. The S&amp;P barely missed going positive at -0.02% while the Dow was the only major index to close in the green at 0.12%. The TSX closed slightly down for the week while its American peers finished slightly up. Again, nothing major.<\/p>\n<p>The week began with continued rotation out of tech into cyclicals, then reversed course midweek. Americans are still awaiting a relief package from Washington, and still wrestling with an inordinately high number of COVID-19 cases while Europe, Asia and Canada have long had theirs under control.<\/p>\n<p>Headlines were dominated by fresh economic data which diverged between Canada and the U.S. <a href=\"https:\/\/www.cp24.com\/news\/statistics-canada-says-manufacturing-sales-posted-record-gain-in-june-1.5064340\" target=\"_blank\" rel=\"noopener\">Canada<\/a> boasted a record 20.7% leap in manufacturing sales in June, driven by cars and car parts. In the <a href=\"https:\/\/www.cnbc.com\/2020\/08\/14\/retail-sales-july-2020.html\" target=\"_blank\" rel=\"noopener\">States<\/a>, July retail sales widely missed estimates at 1.2% vs. the expected 2.3%, though it was the third straight month of increases. The TSX&#8217;s biggest gainer was <a href=\"https:\/\/stockchase.com\/company\/view\/979\/POU-T\">Paramount Resources<\/a>, soaring over 19%, while <a href=\"https:\/\/stockchase.com\/company\/view\/2873\/PG-T\">Premier Gold Mines<\/a> fell nearly 5%. Despite reporting a 95% drop in Q2 <a href=\"https:\/\/finance.yahoo.com\/news\/cineplex-reports-95-revenue-drop-114601449.html\" target=\"_blank\" rel=\"noopener\">revenue<\/a>, <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex<\/a> rallied 6.11%. In the U.S., <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla<\/a> rose 1.83% while <a href=\"https:\/\/stockchase.com\/company\/view\/1767\/SPG-N\">Simon Property<\/a>, a huge owner of malls, rose 3.27%.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/979\/POU-T\">Paramount Resources<\/a> +19%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/2873\/PG-T\">Premier Gold Mines<\/a> -5%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex Inc<\/a> +6.11%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/4017\/TSLA-Q\">Tesla Motors Inc<\/a> +1.83%<br \/>\n&#x1f3d9; <a href=\"https:\/\/stockchase.com\/company\/view\/1767\/SPG-N\">Simon Property Group Inc.<\/a> +3.27%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Lorne Steinberg\u00a0including 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. Though volumes were in [&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-184608","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\/184608","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=184608"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/184608\/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=184608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=184608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=184608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}