{"id":191698,"date":"2020-10-01T17:59:02","date_gmt":"2020-10-01T21:59:02","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=191698"},"modified":"2020-10-01T17:59:02","modified_gmt":"2020-10-01T21:59:02","slug":"mixed-u-s-stimulus-news-and-good-canadian-pmi","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/mixed-u-s-stimulus-news-and-good-canadian-pmi\/","title":{"rendered":"Mixed U.S. stimulus news and good Canadian PMI"},"content":{"rendered":"

First, the good news. Canadian<\/a> manufacturing data, the PMI, rose from 55.1 to 65 in September, beating the expected 54.1. The TSX rose 0.39% and powered by tech real estate and, to a lesser exent, materials. The only weakness came from energy, down 4%.<\/p>\n

Lithium Americas<\/a> was among the biggest winners, soaring 9.45% and Ballard Power<\/a> jumped 8.65%. Nutrien<\/a>, however, slid 3.1% and Suncor<\/a> surrendered 4.67%. CAE<\/a> bounced 4.41% on an analyst upgrade by RBC. While gold and the Canadian dollar stayed flat, the price of WTI oil tumbled nearly 4% and WCS by 5.5%.<\/p>\n

Now, the bad news, or rather mixed news. The Dow had a choppy session, barely closing positive, while the S&P closed slightly up at 0.53%. Investors were bouncing between pessimistic and hopeful reports about Washington agreeing on the next stimulus bill. The talks continue without a firm deal in sight, but hope remains. Add to this fears that the U.S. recovery may be stagnating, plus the ever-present worry of a second wave of Covid. As always when uncertainty reigns, investors flock to tech, so the Nasdaq rallied 1.42%. Giants like Amazon<\/a> climbed 2.3%, but the biggest winner on Wall Street was Bed Bath & Beyond<\/a> which soared 25% after reporting a surprise sales gain, a sign that its turnaround<\/a> story is working.<\/p>\n

⛏ Lithium Americas Corp<\/a> +9.45%
\n🔋 Ballard Power Systems<\/a> +8.65%
\n🌿 Nutrien Ltd.<\/a> -3.1%
\n⚡ Suncor Energy Inc<\/a> -4.67%
\n🛫 CAE Inc<\/a> +4.41%
\n📦 Amazon.com<\/a> +2.3%
\n🛏 Bed Bath & Beyond<\/a> +25%<\/p>\n","protected":false},"excerpt":{"rendered":"

First, the good news. Canadian manufacturing data, the PMI, rose from 55.1 to 65 in September, beating the expected 54.1. The TSX rose 0.39% and powered by tech real estate and, to a lesser exent, materials. The only weakness came […]<\/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-191698","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\/191698","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=191698"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/191698\/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=191698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=191698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=191698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}