Daily News

Source: BNN Bloomberg August 04, 2022

TSX recap: Shopify, banks help offset energy weakness

Canada’s benchmark stock index ended in positive territory Wednesday as strength in the financials and technology subgroups offset weakness in energy stocks. The S&P/TSX Composite Index closed with a 40.61-point gain, or 0.21 per cent, to 19,545.94. Sho...

Market Call Source: BNN Bloomberg August 04, 2022

Kim Bolton's Top Picks: August 3, 2022

Kim Bolton, president and portfolio manager at Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: Last month (i.e. July 2022) global stock markets had their best month since November 2020. Retreating global interest rates and a general...

Source: BNN Bloomberg August 03, 2022

JPMorgan's Kolanovic stands apart in saying stocks will rebound

JPMorgan Chase & Co.’s Marko Kolanovic is quickly emerging as one of the very few bulls among Wall Street’s top strategists, who says US stocks will rally in the second half. Kolanovic, voted the No. 1 equity-linked strategist in last year’s Institutional...

Source: BNN Bloomberg August 03, 2022

TSX recap: Energy stocks drag as traders await OPEC+ meeting

The S&P/TSX Composite Index kicked off the shortened trading week in negative territory as the energy subgroup weighed down the market. The index closed 187.59 points lower, or 0.95 per cent, at 19,505.33 on Tuesday. West Texas Intermediate fluctuated b...

Source: BNN Bloomberg August 03, 2022

U.S. Treasuries sink as Fed pivot seems less likely

US Treasuries sank and stocks dropped after Federal Reserve officials signaled the central bank is still intent on raising rates until inflation is under control. Treasury yields rose across the curve, with 10-year rates climbing as much as 20 basis points...

Market Call Source: BNN Bloomberg August 03, 2022

John De Goey's Top Picks: August 2, 2022

John De Goey, senior investment advisor and portfolio manager, Wellington-Altus Private Wealth FOCUS: Personal finance and ETFs MARKET OUTLOOK: The ongoing discussion about whether or not central banks will pivot is a bit of a red herring. We’ve al...

Source: BNN Bloomberg July 30, 2022

TSX gains 3.7% for the week as earnings buoy investor sentiment

Canada’s benchmark stock index rose 3.74 per cent this week as the flurry of earnings releases and scaled-back bets on rate hikes in the U.S. helped bolster sentiment.  The S&P/TSX Composite Index on Friday rose by triple digits for the third straight sess...

Market Call Source: BNN Bloomberg July 30, 2022

Alex Ruus' Top Picks: July 29, 2022

Alex Ruus, portfolio manager, Arrow Capital Management FOCUS: North American stocks MARKET OUTLOOK: Broad stock markets will be volatile with relatively few gains over the coming year as the market deals with falling earnings in some sectors of the...

Source: BNN Bloomberg July 30, 2022

U.S. stocks storm back with best month since 2020

The stock market wrapped up a chaotic week, with solid earnings from tech megacaps bringing solace to traders worried about the many cross-currents rattling economies around the globe. After a horrific first half, the S&P 500 had its best month since Novem...

Source: BNN Bloomberg July 30, 2022

Shock July rally was a monster the U.S. Fed may regret seeing

Among the many superlatives attaching to markets in July, one that could come back to haunt the Federal Open Market Committee is Wednesday and Thursday’s, when the stocks posted their biggest post-meeting rally on record. Believing they heard a dovish tilt...