{"id":228782,"date":"2021-05-28T18:03:38","date_gmt":"2021-05-28T22:03:38","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=228782"},"modified":"2021-05-29T07:43:40","modified_gmt":"2021-05-29T11:43:40","slug":"tsx-hits-new-high-wall-st-climbs","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tsx-hits-new-high-wall-st-climbs\/","title":{"rendered":"TSX hits new high, Wall St. climbs"},"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\/28\/Robert-McWhirter\">Robert McWhirter<\/a>, including <span class=\"company-name\">Alibaba <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/3174\/MBX-T\">Microbix Biosystems<\/a><\/span> (<strong>A Top Pick May 17\/19, Down 7%<\/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 Friday, the TSX climbed 0.40% to new record high of 19,853 as it continues to reach for 20,000. Cannabis, energy, materials and banks did the heavy lifting. <a href=\"https:\/\/stockchase.com\/company\/view\/5508\/CRON-T\">Cronos<\/a> soared 14.76% and <a href=\"https:\/\/stockchase.com\/company\/view\/6082\/CWEB-T\">Charlotte&#8217;s Web Holdings<\/a> spun an 11.55% gain. Other winners included <a href=\"https:\/\/stockchase.com\/company\/view\/5607\/FOOD-T\">Goodfood Market<\/a>, which popped nearly 6%, and <a href=\"https:\/\/stockchase.com\/company\/view\/3969\/MEG-T\">Meg Energy<\/a> which gained 3.89%. All the major sectors were in green. After days of soaring, <a href=\"https:\/\/stockchase.com\/company\/view\/2364\/CHR-T\">Chorus Aviation<\/a> dipped 7.33%, while <a href=\"https:\/\/stockchase.com\/company\/view\/2637\/ACQ-T\">AutoCanada<\/a> gave back 6.49%. The national backdrop to the markets is the ongoing rise in vaccination rates and the declining trend in cases. For example, the Montreal Canadiens will allow fans to occupy 11% of the Bell Centre and watch Saturday&#8217;s playoff game against the Toronto Maple Leafs, a first in Canada during this pandemic.<\/p>\n<p>America&#8217;s reopening continues as all the major indices finished the trading month positive. The S&amp;P and Nasdaq closed a few points in the green while the Dow advanced 0.19%. May marked the fourth monthly gain for the S&amp;P and Dow. For the Nasdaq, it was the first monthly loss in six, but the the best week in the past seven. Altogether, Wall Street is hovering near all-time highs.<\/p>\n<p>Among the gainers Friday was <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a>, up 3.05%, <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia<\/a> at 4.88% and <a href=\"https:\/\/stockchase.com\/company\/view\/5227\/ULTA-Q\">Ulta Beauty<\/a> up 5.18%. Losing ground were <a href=\"https:\/\/stockchase.com\/company\/view\/300\/COST-Q\">Costco<\/a> at -2.38% and <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford<\/a> at -2.42% after a hot week. The Reddit trade returned with a vengeance as <a href=\"https:\/\/stockchase.com\/company\/view\/5592\/AMC-N\">AMC<\/a> soared above $31, but finished five dollars lower at a 1.51% loss. After its own winning streak, the price of WTI oil edged down 0.33% and WCS down by 1.15%. Gold rose 0.47% to above $1,900 per ounce while <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> slid over 7% below $36,000. The Canadian dollar remained steady.<\/p>\n<p>&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/5508\/CRON-T\">Cronos Group Inc<\/a> +14.76%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6082\/CWEB-T\">Charlotte&#8217;s Web<\/a> +11.55%<br \/>\n&#x1f371; <a href=\"https:\/\/stockchase.com\/company\/view\/5607\/FOOD-T\">Goodfood Market Corp.<\/a> +6%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/3969\/MEG-T\">MEG Energy Corp<\/a> +3.89%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/company\/view\/2364\/CHR-T\">Chorus Aviation Inc<\/a> -7.33%<br \/>\n&#x1f697; <a href=\"https:\/\/stockchase.com\/company\/view\/2637\/ACQ-T\">AutoCanada Inc.<\/a> -6.49%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/6303\/MRNA-Q\">Moderna<\/a> +3.05%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/894\/NVDA-Q\">Nvidia Corp<\/a> +4.88%<br \/>\n&#x1f484; <a href=\"https:\/\/stockchase.com\/company\/view\/5227\/ULTA-Q\">Ulta Salon Cosmetics and Fragrance Inc.<\/a> +5.18%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/company\/view\/300\/COST-Q\">Costco Wholesale<\/a> -2.38%<br \/>\n&#x1f699; <a href=\"https:\/\/stockchase.com\/company\/view\/487\/F-N\">Ford Motor<\/a> -2.42%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/5592\/AMC-N\">AMC Entertainment Holdings Inc.<\/a> -1.51%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -7%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Robert McWhirter, including Alibaba Microbix Biosystems (A Top Pick May 17\/19, Down 7%) Get Premium to receive all past top picks opinions a few hours before market open. On Friday, the [&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-228782","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\/228782","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=228782"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/228782\/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=228782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=228782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=228782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}