Markets rallied Wednesday after hearing news of positive test results of Gilead‘s remdesivir‘s drug treatment COVID-19 patients. Though more testing is needed before remdesivir can be used anywhere, the hopeful news lifted markets. Gildea stock spiked 5.7%. In fact, indices […]
This week, you missed Past Top Picks comments by James Hodgins including Cipher Pharmeuticals (A Top Pick Nov 27/18, Down 42%) Get Premium to receive all past top picks opinions a few hours before market open. The TSX gained 1% […]
From New Zealand to Slovakia, several countries on Monday the announced plans to ease their lockdowns and gradually re-open their societies as the numbers of new cases continues to decline. This optimism lifted markets, from Asia where the Nikkei rallied […]
This week, you missed Past Top Picks comments by Kash Pashootan including Investors Bancorp Inc. (A Top Pick May 17/18, Down 9%) Get Premium to receive all past top picks opinions a few hours before market open. Toronto and New […]
Toronto and New York indices were rallying until midday Thursday when “inconclusive” results were released about Gilead’s COVID-19 treatment. Many investors were betting on the drug, remdesivir, after trial results were mistakenly published on the World Health Organization’s website earlier […]
After two days of historic selling, oil rebounded Wednesday. A barrel of WTI soared over 20% to nearly $14, though it broke $16 at the opening bell while WCS rocketed 31% to $5. What triggered the rally was Trump tweeting […]
This week, you missed Past Top Picks comments by Brian Acker including Bank of America (A Top Pick Apr 25/18, Up 1%) Get Premium to receive all past top picks opinions a few hours before market open. Though a barrel […]
Forget last week’s record cutbacks by OPEC. Forget talk of easing the lockdown. American oil crashed Monday with a horrible thud as a barrel of WTI closed $-30.75. Yes, negative for the first time. And for the first time in […]
This week, you missed Past Top Picks comments by Ryan Bushell including Toronto Dominion (A Top Pick Apr 30/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. Afterhours Thursday delivered a […]
Thursday’s session was mixed as the latest American jobless claims declined from 6.615 million last week to the 5.245 million. Investors read this as a positive thing, though the figures remaining staggering. Also in the mix were plans by Trump […]
Wednesday’s sell-off gave back Tuesday’s gains which, in turn, erased Monday’s decline. That sums up the current market uncertainty as investors wade into earnings season, a parade of dividend suspensions and downbeat fiscal outlooks. Specifically, the S&P shed 2.2% and […]
This week, you missed Past Top Picks comments by Hap Robert Sneddon including Eli Lilly & Co. (A Top Pick Dec 18/18, Up 17%) Get Premium to receive all past top picks opinions a few hours before market open. Despite […]
The Dow, S&P and TSX drifted down Monday as the Nasdaq ticked up to start earnings week. Compared to recent weeks, the Dow’s 1.39% shave and Nasdaq’s 0.5% climb was modest as the VIX continued to decline, down to 41.17 […]
The shortened week before Easter saw markets rally, with the S&P gaining 12%, its biggest jump since 1974. On Thursday alone, it rose 1.45%, with the Dow trailing at 1.22% and the Nasdaq at 0.77%. This despite another 6.6 million […]
If Tuesday was a false start on the markets, then Wednesday was the real deal. Rallies on Wall and Bay streets extended the strong, positive performances found on Monday in reaction to ongoing (albeit modest) declines in new COVID-19 cases […]
Tuesday was looking like an extension of Monday’s rally, both lifted by declining numbers of new cases of COVID-19 in hot spots Italy, Spain and the U.S. as well as Germany, Iran, the U.K. and Canada. In early trading, New […]
Weekend data showing declines in new COVID-19 cases in hot spots Italy and Spain as well as Germany pushed futures up Sunday night and inspired buying on Monday as markets soared. Fueling the optimism was news from New York state […]
This week, you missed Past Top Picks comments by Bruce Campbell including Centric Health (A Top Pick Apr 11/18, Down 42%) Get Premium to receive all past top picks opinions a few hours before market open. The week ended with […]
American markets opened Thursday by digesting harsh news that U.S. jobless claims had doubled from the week before to 6.6 million. Markets lacked direction until Trump tweeted mid-morning that after speaking with Russia and Saudi Arabia that both sides pledge […]
At a Tuesday briefing, Trump warned Americans of a “painful two weeks” ahead as scientific data points to COVID-19 peaking in the States with New York state bearing the brunt. Analysis by some researchers, including Forbes, corroborates this projection, predicting […]
This week, you missed Past Top Picks comments by Joshua Varghese including Invitation Homes Inc. (A Top Pick Dec 05/18, Up 14%) Get Premium to receive all past top picks opinions a few hours before market open. With markedly less […]
Last week’s relief rally continued Monday after an indecisive start in the morning, but closed at session highs. Leading the way was the tech-heavy Nasdaq which rose 3.62%. The TSX gained 2.76%. With Monday’s upward moves, the S&P is now […]
Even though Trump signed the much-anticipated US$2.2-trillion aid bill–the largest of its kind in American history–markets on Friday gave back a few of the monstrous gains of Tuesday, Wednesday and Thursday. Altogether, those leaps added up to a technical bull […]
World markets rallied for a third straight day on Thursday, rising 20% since Monday’s sell-off and technically entering a bull market. Investors were optimistic after the U.S. Senate passed a US$2.2 trillion aid package which the House is expected to […]
Though St. Patrick’s Day was last week, there was green everywhere on Wednesday. Like the day before, Washington’s US$2 trillion stimulus package was the catalyst with early-morning report stating that dealmakers were in the bottom of the ninth. If passed, […]
