{"id":235060,"date":"2021-07-13T18:12:30","date_gmt":"2021-07-13T22:12:30","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=235060"},"modified":"2021-07-14T08:32:59","modified_gmt":"2021-07-14T12:32:59","slug":"markets-mixed-on-inflation-data","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-mixed-on-inflation-data\/","title":{"rendered":"Markets mixed on inflation data"},"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 href=\"https:\/\/stockchase.com\/expert\/view\/1415\/Jamie-Murray\">Jamie Murray<\/a>, including <a href=\"https:\/\/stockchase.com\/EADSY-OTC\">Airbus<\/a>.<span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Aug 19\/19, Down 46%<\/strong><\/span><span style=\"font-family: inherit; font-size: inherit;\">) <\/span><strong style=\"font-family: inherit; font-size: inherit;\"><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.<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><\/strong><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<p>It was a mixed Tuesday in the markets as hot inflation data pressured markets at the opening, then the TSX, S&amp;P and Nasdaq flirted with record highs before closing lower. The TSX rose 0.17%, but the major American indices slipped around a third of one percent. Oil helped lift Toronto into the green as the price of WCS and WTI climbed around 1.5%. Besides energy, materials and tech rallied while industrials and real estate lagged.<\/p>\n<p>Gainers included <a href=\"https:\/\/stockchase.com\/KL-T\">Kirkland Lake Gold<\/a> up 3.5%, <a href=\"https:\/\/stockchase.com\/AGI-T\">Alamos Gold<\/a> by 3.35% and <a href=\"https:\/\/stockchase.com\/CAS-T\">Cascades<\/a> at 2.48%. However, they paled next to the cannabis sector. <a href=\"https:\/\/stockchase.com\/OGI-T\">Organigram<\/a> beat Q3 revenues, soared 12.2% and lifted most of its peers. On the downside were <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power<\/a> which closed at -4.07%, <a href=\"https:\/\/stockchase.com\/NFI-T\">NFI Group<\/a> -3.35% and <a href=\"https:\/\/stockchase.com\/CAE-T\">CAE<\/a> -3.26%.<\/p>\n<p>On Wall Street, earnings season began with <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan<\/a> and <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> beating earnings, but both were dragged down by wider market negativity, slipping 1.49% and 1.19% respectively. Besides financials, industrials were also hammered, such as <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> which dove 4.23% as the company deals with yet another production headache, this time with its 787 Dreamliner. Flying high, instead, were tech names <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> by 1.32% to touch new highs, and <a href=\"https:\/\/stockchase.com\/BIDU-Q\">Baidu<\/a> by 2.33%. Meanwhile, the U.S. 10-year inched up to 1.412% as <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">Bitcoin<\/a> sank 2% to stay above above $32,000. Again, the reason behind today&#8217;s moves was June&#8217;s consumer prices which jumped 5.4% YOY, which was the fastest move since August 2008 and surprised the street.<\/p>\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/KL-T\">Kirkland Lake Gold<\/a> +3.5%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/AGI-T\">Alamos Gold Inc<\/a> +3.35%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/CAS-T\">Cascades Inc<\/a> +2.48%<br \/>\n&#x1f33f; <a href=\"https:\/\/stockchase.com\/OGI-T\">OrganiGram Holdings Inc.<\/a> +12.2%<br \/>\n&#x1f50b; <a href=\"https:\/\/stockchase.com\/BLDP-T\">Ballard Power Systems<\/a> -4.07%<br \/>\n&#x1f694; <a href=\"https:\/\/stockchase.com\/NFI-T\">New Flyer Industries Inc.<\/a> -3.35%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/CAE-T\">CAE Inc<\/a> -3.26%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/JPM-N\">JP Morgan Chase &amp; Co<\/a> -1.49%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/GS-N\">Goldman Sachs<\/a> -1.19%<br \/>\n&#x1f6eb; <a href=\"https:\/\/stockchase.com\/BA-N\">Boeing<\/a> -4.23%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> +1.32%<br \/>\n&#x1f232; <a href=\"https:\/\/stockchase.com\/BIDU-Q\">Baidu.com<\/a> +2.33%<br \/>\n&#x1f171; <a href=\"https:\/\/stockchase.com\/QBTC.U-T\">The Bitcoin Fund<\/a> -2%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Jamie Murray, including Airbus. (A Top Pick Aug 19\/19, Down 46%) Get Premium to receive all past top picks opinions a few hours before market open. It was a mixed Tuesday [&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-235060","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\/235060","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=235060"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/235060\/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=235060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=235060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=235060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}