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After a flurry of earnings from the mega tech companies late Thursday, investors reacted Friday by selling. Rising Covid cases in the U.S. and the election just a few days away also made markets anxious. The TSX and Dow each shed half-a-percentage point, while the S&P closed down 1.21% and Nasdaq plunged 2.45%. This October is the fourth consecutive year when U.S. stocks declined right before a presidential election. Quarterly reports were actually good, albeit not stellar, but investors choose to dwell on disappointing data.<\/p>\n
Ad revenues lifted Facebook<\/a>‘s earnings, but the numbers of American users has slipped during the Covid surge. The social media giant slid 6.31%. Amazon<\/a> delivered stellar Q3 earnings, net sales and revenues, but still sank 5.45% on Friday. Amazon<\/a>, down 5.45%. Similarly, Apple<\/a> reported a strong quarter with revenues up, but disappointed on iPhone sales. Apple<\/a> was the heaviest-traded stock on Wall Street and fell 5.6%. In contrast, Alphabet<\/a> excited investors with its positive report, gaining 3.43%.<\/p>\n In Toronto, gold and oil names were the day’s winners. Meg Energy<\/a> popped 7% and Imperial Oil<\/a> jumped 6.36%. B2Gold<\/a> rallied 3.8% and infrastructure play, Aecon<\/a>, climbed 4.33%. In contrast, consumer staples, telcos and tech weighed on the TSX. Juggernaut Shopify<\/a> actually fell 5.26% despite a Q3 earnings and revenue beat. The price of WTi slipped 1.3% while WCS slid over 3% as gold held steady. It was a down week for markets and, essentially, investors are jittery as they await the Nov. 3 U.S. vote.<\/p>\n 🕵️♂️ Facebook<\/a> -6.31% This week, you missed Past Top Picks comments by Stephen Takacsy\u00a0including Velan Inc (A Top Pick Dec 03\/18, Down 21%) Get Premium to receive all past top picks opinions a few hours before market open. After a flurry of earnings […]<\/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-196349","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\/196349","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=196349"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/196349\/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=196349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=196349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=196349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n📦 Amazon.com<\/a> -5.45%
\n🍎 Apple<\/a> -5.60%
\n🧮 Alphabet Inc. \/ Google<\/a> +3.43%
\n🛢 MEG Energy Corp<\/a> +7%
\n🛢 Imperial Oil<\/a> +6.36%
\n🥇 B2Gold Corp.<\/a> +3.8%
\n🧱 Aecon Group Inc<\/a> +4.33%
\n🛍 Shopify Inc.<\/a> -5.26%<\/p>\n","protected":false},"excerpt":{"rendered":"