{"id":213159,"date":"2021-02-19T18:37:46","date_gmt":"2021-02-19T23:37:46","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=213159"},"modified":"2021-02-20T08:20:49","modified_gmt":"2021-02-20T13:20:49","slug":"tsx-rallies-but-u-s-markets-flatten","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-rallies-but-u-s-markets-flatten\/","title":{"rendered":"TSX rallies, but U.S. markets flatten"},"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 class=\"expert-name\" href=\"https:\/\/stockchase.com\/expert\/view\/1207\/Brooke-Thackray\">Brooke Thackray<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/1239\/TJX-N\"><span class=\"company-name\">TJX Companies<\/span><\/a> (<strong>A Top Pick Jan 07\/20, Up 4%<\/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>Toronto gained 0.6% on Friday at average trading volumes and was flat for the week. In contrast, New York indices rallied in the morning, but ran out of gas and ended flat. The Nasdaq and Dow barely finished positive, whole the S&amp;P ended -0.18%. Volumes were light all week and the Vix remained steady around 22. Tech lost the most ground, and the Nasdaq declined 1.5% for the week. Concerns remain over the U.S. 10-year yield which remained at 1.34%.<\/p>\n<p>Utilities and staples lagged on Wall Street while industrials rose. <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> and Dow both surged by 5%. Travel stocks soared on optimism of a reopening. <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean<\/a> leapt 5% while <a href=\"https:\/\/stockchase.com\/company\/view\/2705\/MAR-Q\">Marriott<\/a> climbed 3.26%. Tech continued to be a mixed picture as <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> shed 2.35%, but <a href=\"https:\/\/stockchase.com\/company\/view\/2205\/BIDU-Q\">Baidu<\/a> rocketed 14%.<\/p>\n<p>Despite a 2.5% in WTI&#8217;s price and nearly that much in WCS, the TSX advanced in industrials and tech. <a href=\"https:\/\/stockchase.com\/company\/view\/784\/MG-T\">Magna<\/a> jumped nearly 10% and <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex<\/a> rallied 12.7% due to strong demand to its <a href=\"https:\/\/www.bnnbloomberg.ca\/cineplex-lowers-yield-of-unrated-debt-sale-on-strong-demand-1.1565888\" target=\"_blank\" rel=\"noopener\">bond<\/a> sale. On the eve of earnings season, the big Canadian banks edged up, such as <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> by 1.16% which made a one-year high. Cannabis stocks continued to swing wildly, this time up. <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria<\/a> jumped 5.27% and <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram<\/a> by 3.71%. Mining stocks were also winners as <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals<\/a> rallied 8.62%. But that was nothing compared to Bitcoin which soared another 6.7% to another new high around $55,500 or over 12% for the week.<\/p>\n<p>&#x1f3d7; <a href=\"https:\/\/stockchase.com\/company\/view\/214\/CAT-N\">Caterpillar<\/a> +5%<br \/>\n&#x1f6a2; <a href=\"https:\/\/stockchase.com\/company\/view\/1027\/RCL-N\">Royal Caribbean Cruises<\/a> +5%<br \/>\n&#x1f3e2; <a href=\"https:\/\/stockchase.com\/company\/view\/2705\/MAR-Q\">Marriott International Inc.<\/a> +3.26%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> -2.35%<br \/>\n&#x1f232; <a href=\"https:\/\/stockchase.com\/company\/view\/2205\/BIDU-Q\">Baidu.com<\/a> +14%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/784\/MG-T\">Magna Int&#8217;l. (A)<\/a> +10%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex Inc<\/a> +12.7%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">Toronto Dominion<\/a> +1.16%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5210\/APHA-T\">Aphria Inc<\/a> +5.27%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc.<\/a> +3.71%<br \/>\n&#x26cf; <a href=\"https:\/\/stockchase.com\/company\/view\/2011\/HBM-T\">Hudbay Minerals Inc.<\/a> +8.62%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Brooke Thackray, including TJX Companies (A Top Pick Jan 07\/20, Up 4%) Get Premium to receive all past top picks opinions a few hours before market open. Toronto gained 0.6% on [&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-213159","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\/213159","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=213159"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/213159\/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=213159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=213159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=213159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}