{"id":232767,"date":"2021-06-25T18:14:51","date_gmt":"2021-06-25T22:14:51","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=232767"},"modified":"2021-06-26T08:27:32","modified_gmt":"2021-06-26T12:27:32","slug":"sp-hits-record-high-to-end-positive-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/sp-hits-record-high-to-end-positive-week\/","title":{"rendered":"S&#038;P hits record high to end positive week"},"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\/1008\/Paul-Harris-CFA\">Paul Harris<\/a>, including <a class=\"company-name-symbol\" href=\"https:\/\/stockchase.com\/company\/view\/3189\/V-N\"><span class=\"company-name\">Visa Inc.<\/span><\/a> (<strong>A Top Pick Jul 02\/19, Up 10%<\/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>All in all, it was a positive week for both cyclicals and growth stocks on both sides of the border as the indices made new highs. On Friday, the S&amp;P inched up 0.34% to a new record close of 4,282. The Dow performed as well, adding 3.5% for the week and rising 0.7% Friday as financials, healthcare and energy rallied while the other sectors were mixed.<\/p>\n<p>Big gainers included UnitedHealth, and especially <a href=\"https:\/\/stockchase.com\/company\/view\/868\/NKE-N\">Nike<\/a>, which leapt 15.22% after a monster quarter. After a positive week, the Nasdaq gave back 9 points on Friday. <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> beat top and bottom lines, but sank 3.63% after delivering a dour outlook rooted in higher costs and a labour shortage struggling to meet sky-high demand amid the strong American reopening. Elsewhere, <a href=\"https:\/\/stockchase.com\/company\/view\/6053\/BYND-Q\">Beyond Meat<\/a> climbed 2.81% while <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon<\/a> slipped 1.41% right after U.S. Amazon Day.<\/p>\n<p>Oil continued to scale new 12-month highs as WTI rose nearly 1% and WCS topped 1% to $60 per barrel. The oily momentum lifted energy stocks in Toronto, such as <a href=\"https:\/\/stockchase.com\/company\/view\/2175\/BIR-T\">Birchcliff<\/a>, jumping 8.5%. Beyond energy, Badger Infrastructure advanced 3.26% and <a href=\"https:\/\/stockchase.com\/company\/view\/5471\/GOOS-T\">Canada Goose<\/a> climbed 3%. On the flipside, <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">Blackberry<\/a> plunged 4.54% on weak sales numbers, pot names like <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">Organigram<\/a> withered by 4.75%, and <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold<\/a> shed 3.36%. The TSX itself inched up 15 points, but fell just short of making another record high after a record-breaking week. Lastly, <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">Bitcoin<\/a> plummeted 8% to stay below $33,000.<\/p>\n<p>&#x1f45f; <a href=\"https:\/\/stockchase.com\/company\/view\/868\/NKE-N\">Nike Inc<\/a> +15.22%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/471\/FDX-N\">FedEx<\/a> -3.63%<br \/>\n&#x1f969; <a href=\"https:\/\/stockchase.com\/company\/view\/6053\/BYND-Q\">Beyond Meat Inc.<\/a> +2.81%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/company\/view\/67\/AMZN-Q\">Amazon.com<\/a> -1.41%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/2175\/BIR-T\">Birchcliff Energy Ltd.<\/a> +8.5%<br \/>\nBadger Infrastructure Solutions Ltd +3.26%<br \/>\n&#x1f9e3; <a href=\"https:\/\/stockchase.com\/company\/view\/5471\/GOOS-T\">Canada Goose Holdings<\/a> +3%<br \/>\n&#x1f4f1; <a href=\"https:\/\/stockchase.com\/company\/view\/1045\/BB-T\">BlackBerry<\/a> -4.54%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/company\/view\/6611\/OGI-T\">OrganiGram Holdings Inc.<\/a> -4.75%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/company\/view\/3688\/BTO-T\">B2Gold Corp.<\/a> -3.36%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/company\/view\/6312\/QBTCU-T\">The Bitcoin Fund<\/a> -8%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Paul Harris, including Visa Inc. (A Top Pick Jul 02\/19, Up 10%) Get Premium to receive all past top picks opinions a few hours before market open. All in all, it [&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-232767","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\/232767","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=232767"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/232767\/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=232767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=232767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=232767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}