After the close with Allan
American markets dipped as the U.S. Fed’s Jerome Powell after projecting two interest rate hikes in 2023. “Lift-off is well into the future,” he said, though acknowledged that inflation could wind up “higher and more persistent” than expected. American stocks […]
This week, you missed Past Top Picks comments by Stephen Takacsy, including Swiss Water Decaf Coffee (A Top Pick Jun 03/19, Down 48%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, […]
Like walking in a heatwave, trading was sluggish and slow on Monday, but the TSX and S&P managed to climb a few points before the close to make new record highs. Meanwhile, the Dow slipped by 0.25% while the Nasdaq […]
This week, you missed Past Top Picks comments by Greg Newman, including Citigroup Inc. (A Top Pick Jun 18/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. It was a good […]
On Thursday, the U.S. released higher-than-expected inflation numbers which the markets surprisingly embraced. Apparently, bond and equity traders interpreted inflation is a transitory phased, based on CPI numbers that were the highest since 2008. The Dow barely budged, but the […]
After several strong sessions, the TSX, American stocks and oil retrenched a bit on Wednesday. The TSX closed -0.26% but stayed above 20,000 as a major sector, financials, lost some ground. For example, TD was down 0.7%. Tech also retrenched […]
This week, you missed Past Top Picks comments by Stan Wong, including Dollar General Corp. (A Top Pick May 22/19, Up 53%) Get Premium to receive all past top picks opinions a few hours before market open. On Tuesday, the […]
The trading week began on a quiet note as the TSX closed two points higher. Similarly, the S&P lost only 0.08% as the Dow shed 0.36% and the Nasdaq gained 0.49%. Wall Street is waiting for the Democrats and Republicans […]
This week, you missed Past Top Picks comments by Ryan Bushell, including Canadian Imperial Bank of Commerce (A Top Pick Jul 15/19, Down 1%) Get Premium to receive all past top picks opinions a few hours before market open. After […]
Markets were mixed in Thursday trading as the TSX faded into the close to finish -0.15% while Wall Street rose from session lows. The Nasdaq closed -1%, the Dow -0.07% and the S&P -0.36%. Sentiment shifted after reports surfaced of […]
For another session, the TSX cracked 20,000 points, but settled lower and slightly in the negative. The main Wall Street indices followed suit, but rose into the green with the S&P closing at 0.15% Wednesday. For the Canadian market especially, […]
The TSX briefly reached 20,000 Tuesday morning for the first time ever and closed 24 point shy of that mark after advancing 1.24% for the day. Energy names propelled Toronto’s rally by popping 4.49% as crude oil jumped to a […]
Wall Street was closed for Memorial Day on Monday, but the TSX continued to climb towards 20,000. At least it did in the morning when Toronto briefly made a fresh intraday high, but it closed -0.61% on light volumes. Energy […]
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 […]
Bank earnings and rising oil prices Thursday pushed the TSX by 0.16% to new record high of 19,776. RBC, CIBC and TD all reported big beats, but TD’s gains were tempered when considering their loan-loss provisions. TD actually closed at […]
The TSX rallied nearly 1% Wednesday to a new record of 19,745 as all sectors rallied particularly financials, energy and materials. BMO kicked off Canadian bank earnings weak by posting a blow-out quarter and jumping 1.46%, which bodes well for […]
This week, you missed Past Top Picks comments by John O’Connell, including Alibaba FedEx (A Top Pick May 13/19, Down 27%) Get Premium to receive all past top picks opinions a few hours before market open. The TSX played catch-up […]
The TSX was closed for Victoria Day, but American stocks rallied on Monday, driven by oil and tech. The major indices closed on strength as the S&P rose nearly 1%, the Dow 0.54% and the Nasdaq by 1.52%. The price […]
This week, you missed Past Top Picks comments by Mike S. Newton, including Alibaba Group Holding (A Top Pick May 14/19, Up 16%) Get Premium to receive all past top picks opinions a few hours before market open. It was […]
A day after a sharp sell-off, markets on Thursday convincingly rebounded as they kept rising into the close. Significantly, tech stocks led the charge as the Nasdaq rallied 1.77% while the S&P advanced 1%, the Dow 0.55% and the TSX […]
Bitcoin plunged over 30% below $32,000 at one point Wednesday as investors rushed to the exits and jammed trading platforms. By the close, Bitcoin had regained some ground, but the carnage was apparent as the crypto hovered below $40K and […]
This week, you missed Past Top Picks comments by Teal Linde, including Linamar Corp (A Top Pick May 21/19, Down 25%) Get Premium to receive all past top picks opinions a few hours before market open. Driven by the ongoing […]
Commodities, especially oil, kept the TSX in the green to start the week, while the American indices declined. The TSX closed 0.5% up as energy and materials popped nearly 3%. The prices of WTI and WSC crude both rose nearly […]
This week, you missed Past Top Picks comments by Eric Nuttall, including Baytex Energy Corp (A Top Pick Jul 19/19, Down 80%) Get Premium to receive all past top picks opinions a few hours before market open. The week was […]
Stocks, led by tech, bounced back Thursday after three days of sharp selling which was triggered by surprisingly strong inflation data. Optimism came from a new pandemic-era low in U.S. jobless claims of 473,000, which was lower than expected. Except […]
