Trending Stocks, Investing Tips, and Market Insights on Stockchase
US EQUITIES
'%20stroke='%23FFFFFF'%20stroke-width='2'%3e%3cg%20id='Shopify-Inc.'%20transform='translate(120.000000,%20346.000000)'%3e%3cg%20id='Group-3'%20transform='translate(15.000000,%20268.000000)'%3e%3cg%20id='filled-.-button'%20transform='translate(681.000000,%2010.000000)'%3e%3cg%20id='Group-5'%20transform='translate(16.000000,%2010.000000)'%3e%3cpath%20d='M16,6%20C16.8284271,6%2017.5784271,6.33578644%2018.1213203,6.87867966%20C18.6642136,7.42157288%2019,8.17157288%2019,9%20L19,9%20L19,15%20C19,15.8284271%2018.6642136,16.5784271%2018.1213203,17.1213203%20C17.5784271,17.6642136%2016.8284271,18%2016,18%20L16,18%20L4,18%20C3.17157288,18%202.42157288,17.6642136%201.87867966,17.1213203%20C1.33578644,16.5784271%201,15.8284271%201,15%20L1,15%20L1,9%20C1,8.17157288%201.33578644,7.42157288%201.87867966,6.87867966%20C2.42157288,6.33578644%203.17157288,6%204,6%20L4,6%20Z'%20id='Rectangle'%3e%3c/path%3e%3cpath%20d='M16,6%20C16,2.6862915%2013.3137085,0%2010,0%20C6.6862915,0%204,2.6862915%204,6'%20id='Path'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
She bought more. They report next week and she expects a strong quarter. AWS could accelerate from 37% growth last quarter to 42-43% because they have doubled their capacity; AWS is one of their highest-margin businesses. She expects margins to expand in retail. Trades at only 17x forward PE.
US EQUITIES
They report next week. AWS, the biggest cloud name, will show mid-30s growth, he expects.
US EQUITIES
Upgraded today with a price target of $180. It's an AI beneficiary, not victim, and can't be disrupted by AI. Investors are starting to agree with this point. 90% of the Fortune 500 uses NOW software.
The 18x PE may be pricey, but the PEG ratio is only 1.2.
It's suppose to be an inflation hedge, but the price has been going down. It's at a peak valuation. Can't say where the price is going. But gold doesn't pay interest, like a T-bill. From 2015-2023, gold moved sideways. He prefers buying stocks.
Oil spikes, stocks fade to end week
Markets extended trends from Thursday into Friday as oil continued to surge while most other sectors declined. WTI jumped over 4% to US$103.55, as energy names like Baytex rallied 3.22% and CNQ 2.15%. Energy was the lone bright spot on the TSX, as all other sectors fell, led by staples, real estate and materials. The S&P slipped 0.4% on Friday or nearly 180 points, and declined over 1% for the week. Gold sank U$28 to below US$4,000 and silver slid 1.25% to US%53.80. Other key Canadian stocks were Mullen Group -10.9%, Air Canada -4.65%, IGM Financial -4% and Eldorado Gold -3.88%.
In New York, the S&P lost half a percent on Friday and over the week, the Dow slid 1.24% but managed to gain 0.4% for the week, while the volatile Nasdaq settled 0.21% lower for the session and declined 0.7% for the week. The U.S. 10-year yield reversed direction by returning to 5%, while Bitcoin held at US$81,260. Major movers on Wall Street: Crown Castle 9.06%, Crowdstrike 8.25%, AT&T -7.96%, T-Mobile -7.71% and Bloom Energy -11.24%.
🛢 Baytex Energy Corp (BTE.TO) +3.22%
🛢 Canadian Natural Rsrcs (CNQ.TO) +2.15%
🚚 Mullen Group Ltd (MTL.TO) -10.9%
🛫 Air Canada (AC.TO) -4.65%
🏛 IGM Financial Inc. (IGM.TO) -4%
🥇 Eldorado Gold (ELD.TO) -3.88%
🏛 Crown Castle International (CCI) +9.06%
💾 CrowdStrike Holdings (CRWD) +8.25%
📱 AT&T (T) -7.96%
📱 T-Mobile US (TMUS) -7.71%
🧬 Bloom Energy (BE) -11.24%
This Week’s Stock Picks & BNN Top Picks Summary: ARE-T, MELI-Q and 15 Stock and 7 ETF Top Picks (Oct 16-22)
This week were 15 Stock and 7 ETF Top Picks in a wide range of industries: ETF, Energy, Industrials, Healthcare, Financials, Consumer and Technology. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, Richard Orrell, Bruce… read more
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium content
Bank indices around the world have very nice long-term price patterns. They're in a secular, multi-year bull market (unless you think we're going to face a major credit event). Banks have been pretty good at managing credit risk. During that run, stocks pull back to the long-term MA from time to time. All the banks have done this.
Likes financials as a group -- one of the 3 core groups he's focused on. With long-term rising rates, power is in the hands of the lender rather than the borrower. As long as banks can hold those long-term MAs, rising NIMs should be a pretty strong driver.
Wealth management in pretty good shape. Risk currently to capital markets revenue if some of the big IPOs don't happen.
AI and materials slide, oil surges
It was a volatile Thursday on the markets as disappointing forecasts from Meta and SpaceX stoked fears over AI spending. Though both names reported quarterly beats, their shares tumbled 6.98% and 9.14%, respectively, and dragged the Nasdaq down 2.6%. While the Dow inched up a handful of points, the S&P sank 1.21%. Elsewhere on Wall Street, Netflix regained 3.09%, Moderna cratered 17.57% while the two most-active names, Intel and Nvidia fell 8.04% and 4.4%. Also declining was the U.S. 10-year yield, which slipped below 5%. Not even Bitcoin was immune, shedding 4% to US$81,260.
Investors flocked out of tech and into the safe havens of dividend stocks. On the TSX, telcos and real estate were the top performers and Telus was the most-active Canadian name, rallying 5.01%. Materials dragged down the TSX, finishing -0.95% or nearly 350 points. Gold slid over US$110 to US$4,024, silver plunged close to 6% to US$54.45. Other key names: Ivanhoe Mines -3.67%, Americas Gold & Silver -11.29%, Celestica -12.04% and Mullen Group 11.5%. Finally, crude oil surged again, with WTI jumping 2.2% to US$99.25.
🕵️♀️ Meta Platforms, Inc. (META) -6.98%
💾 SpaceX (SPCX) -9.14%
📺 Netflix Inc. (NFLX) +3.09%
💉 Moderna (MRNA) -17.57%
💾 Intel (INTC) -8.04%
💾 NVIDIA Corporation (NVDA) -4.04%
🅱 Bitcoin (BTCUSD) (BTC-USD) -4%
📱 Telus Corp (T.TO) +5.01%
⛏ Ivanhoe Mines Ltd (IVN.TO) -3.67%
⛏ U.S. Silver & Gold (USA.TO) -11.29%
🧬 Celestica Inc (CLS.TO) -12.04%
🚚 Mullen Group Ltd (MTL.TO) +11.5%
