{"id":238054,"date":"2021-08-03T17:29:54","date_gmt":"2021-08-03T21:29:54","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=238054"},"modified":"2021-08-04T07:37:43","modified_gmt":"2021-08-04T11:37:43","slug":"markets-rally-after-weak-start","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rally-after-weak-start\/","title":{"rendered":"Markets rally after weak start"},"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\/1392\/Brian-Madden\">Brian Madden<\/a>, including <a href=\"https:\/\/stockchase.com\/company\/view\/1519\/ATDB-T\">Alimentation Couche-Tard (B)<\/a>.<span style=\"font-family: inherit; font-size: inherit;\"> (<strong>A Top Pick Aug 07\/19, Up 11%<\/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>On Tuesday, the TSX returned to business following a public holiday and posted a gain of 0.34% to flirt with new highs. Consumer staples, telcos and energy flexed their muscles while real estate sagged. Big gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/4738\/CJ-T\">Cardinal Energy<\/a>, leaping 7.64%, <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor<\/a> by 6.31% and <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy<\/a> up 5.48%.<\/p>\n<p>In contrast, <a href=\"https:\/\/stockchase.com\/company\/view\/5891\/BHC-T\">Bausch Health<\/a> tanked by 9.23% after announcing it was spinning off its medical division and not selling it as investors had hoped. The company did deliver a decent quarter. Also losing ground were <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas<\/a> which closed at -5.32% and <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex<\/a> at -4.72%. The Canadian dollar lost 0.26% to stay below 80 cents against the USD. By the closing bell, the price of WTI slipped nearly 1% and WCS more than 1% to nearly $56 per barrel.<\/p>\n<p>American stocks staged a comeback by the closing bell after trading negative before lunch. The Dow finished 0.8% higher, the S&amp;P 0.82% at a record high, and the Nasdaq 0.55%. Worries over the Delta variant in weakly vaccinated hotspots continue to weight on investors&#8217; minds, but earnings remain strong. Most of the Dow components were in the green, especially health. <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer<\/a> rallied nearly 4% and <a href=\"https:\/\/stockchase.com\/company\/view\/729\/LLY-N\">Eli Lilly<\/a> was close behind at 3.81%. Energy was also a winner with <a href=\"https:\/\/stockchase.com\/company\/view\/4636\/PXD-N\">Pioneer Natural<\/a> leaping 7.84% and <a href=\"https:\/\/stockchase.com\/company\/view\/4856\/FANG-Q\">Diamondback Energy<\/a> nearly 5%. The big news of the day was the Chinese government latest crackdown, this time on videogames. <a href=\"https:\/\/stockchase.com\/company\/view\/5374\/TCEHY-OTC\">Tencent<\/a> dipped 3%. Even American gamer, <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a>, fell 3.54%. Tech gainers included <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">AMD<\/a>, popping 3.62%.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4738\/CJ-T\">Cardinal Energy Ltd<\/a> +7.64%<br \/>\n&#x1f332; <a href=\"https:\/\/stockchase.com\/company\/view\/246\/CFP-T\">Canfor Corp<\/a> +6.31%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/1571\/CPG-T\">Crescent Point Energy Corp<\/a> +5.48%<br \/>\n&#x1f468;&#x200d;&#x2695;&#xfe0f; <a href=\"https:\/\/stockchase.com\/company\/view\/5891\/BHC-T\">Bausch Health Companies Inc.<\/a> -9.23%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/company\/view\/5283\/LAC-T\">Lithium Americas Corp<\/a> -5.32%<br \/>\n&#x1f39e; <a href=\"https:\/\/stockchase.com\/company\/view\/1726\/CGX-T\">Cineplex Inc<\/a> -4.72%<br \/>\n&#x1f489; <a href=\"https:\/\/stockchase.com\/company\/view\/951\/PFE-N\">Pfizer Inc<\/a> +4%<br \/>\n&#x1f48a; <a href=\"https:\/\/stockchase.com\/company\/view\/729\/LLY-N\">Eli Lilly &amp; Co.<\/a> +3.81%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4636\/PXD-N\">Pioneer Natural Resources<\/a> +7.84%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/company\/view\/4856\/FANG-Q\">Diamondback Energy<\/a> +5%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/company\/view\/5374\/TCEHY-OTC\">Tencent Holdings Ltd<\/a> -3%<br \/>\n&#x1f3ae; <a href=\"https:\/\/stockchase.com\/company\/view\/3626\/ATVI-Q\">Activision Blizzard<\/a> -3.54%<br \/>\n&#x1f4be; <a href=\"https:\/\/stockchase.com\/company\/view\/59\/AMD-Q\">Advanced Micro Devices<\/a> +3.62%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Brian Madden, including Alimentation Couche-Tard (B). (A Top Pick Aug 07\/19, Up 11%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, 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-238054","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\/238054","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=238054"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/238054\/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=238054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=238054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=238054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}