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US EQUITIES
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We're waiting for their refresh, for their AI story to pan out. What's keeping shares buoyant is the anticipation of their new products coming out and could eventually lead the Mag 7.
Their cloud remains one of the fastest-growing businesses in tech. AI continues to make search better.
US EQUITIES
He thinks Netflix will take a run at NBC-Universal and the market will love it. This would be a better deal than the Warners one.
Expectations for growth in service industries have come down quite a bit. Expectations for Q2 GDP expectations have come down from 3% to 2.5% annualized, and most of that is due to the service sector.
US EQUITIES
She bought more based on the 27x forward PE vs. the 5-year average of 34x and 10-year average of 45x, and is trying on 11x EBITDA. Same-store sales on Prime Day were +9.3%, amazing.
This Week’s Stock Picks & BNN Top Picks Summary: MAL-T, ET-T and 12 Stock and 5 ETF Top Picks (Jun 26-Jul 02)
This week were 12 Stock and 5 ETF Top Picks in a wide range of industries: Industrials, Technology, Consumer, Financials and ETF. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, Andrey Omelchak, Chris White, Bruce… read more
Dow hits record close
The TSX reopened to mixed trading and a modest 0.12% decline by the close. Materials and real estate rallied the most, but telcos fell the furthest. Precious metals gained ground: silver up 3.1% to US$60.80 and gold added US$89 to US$4,119.Despite the Strait of Hormuz reopening, the price of WTI held around US$68.50. Key names on Bay Street included Thomson Reuters jumping 9.31%, Aecon 8.77%, B2Gold 8.46%, Hammond Power Solutions -11.49% and Telus -3.6%.
In New York, the Dow rallied nearly 600 points to make a record close of 52,900. The S&P was flat while the Nasdaq declined -0.8% as several tech names sold off. Sandisk tumbled 14.13%, Tesla sank 7.49% and Intel slid 5.25%. However, Apple rebounded 4.84% and outside tech Moderna spiked 10.01%. Bitcoin rose 2.22% to US$61,400 while the U.S. 10-year yield held at 4.485%.
🖨 Thomson Reuters Corp (TRI.TO) +9.31%
🧱 Aecon Group Inc (ARE.TO) +8.77%
🥇 B2Gold Corp. (BTO.TO) +8.46%
🧬 Hammond Power Solutions Inc. (HPS.A.TO) -11.49%
📱 Telus Corp (T.TO) -3.6%
💾 Sandisk Corp (SNDK) -14.13%
🚗 Tesla Inc (TSLA) -7.49%
💾 Intel (INTC) -5.25%
🍎 Apple Inc (AAPL) +4.84%
💉 Moderna (MRNA) +10.01%
🅱 Bitcoin (BTCUSD) (BTC-USD) -2.22%
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Her team is very excited about this. Use cases haven't scaled or been proven over the last 2-3 years. They've been looking at commercial applications, which are in a very experimental phase. Makes it hard to justify on risk/reward right now. Time to invest is once we see commercial acceleration.
Big players are IONQ and RGTI. Unclear which technology will be the winner.
She blames US monetary policy for distorting the current market. The Fed Reserve has been too eager to print money for the last 20 years while the treasury has been too willing to spend big on stimulus. It's no longer true that the dollar moves in the opposite direction of risk assets and most commodities. Patterns: when Trump was first and sworn in, the dollar fell 15%; it also fell the next time he was sworn in, but later bounced when US companies repatriate their cash. Oil: In March when the dollar bottomed, oil soared. Any oil rally will cap at $80-85 for WTI, or $105 if the US-Iran war resumes. If prices keep falling, it will reach a floor of $57. Gold: When gold bottomed in mid-2022, the USD was peaking. In early 2026, it was the reverse. When gold sells off, it sells off hard, now down $1,500 from highs. Any relief rally won't last and gold will continue to fall.
Wall Street fades in light trading
On Canada Day, American indices lost ground in typically light trading days before July 4. The S&P closed -0.22%, the Nasdaq -0.77% and the Dow -0.03%. Key names included AppLovin, jumping 9.58%, Coinbase 8.93%, Nike 4.9%, Micron -10.57%, Meta 8.81%, Intel -9.03%, Walmart -3.92%, Corning -13.63% and S&P Global, which rallied 7.73%. Commodities were mixed. Silver was up nearly 1% to US$58.95, gold added US$28 to US$4,036 while WTI slid nearly 2% to US$68.15. Bitcoin rose over 2% to US$59,915. The U.S. 10-year yield climbed to 4.481%.
💾 AppLovin Corporation (APP) +9.58%
🏛 Coinbase Global (COIN) +8.93%
👟 Nike Inc (NKE) +4.9%
💾 Micron Technology (MU) -10.57%
🕵️♀️ Meta Platforms, Inc. (META) +8.81%
💾 Intel (INTC) -9.03%
🛒 Walmart Inc (WMT) -3.92%
🧬 Corning Inc (GLW) -13.63%
🅱 Bitcoin (BTCUSD) (BTC-USD) +2%
Weekly 52-Week Low (or 52-Week High): AMAT-Q, TD-T, CMG-T, MSFT-Q and More 52-Week Highs and Lows (Jun 24-30)
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🚚 Industrials 🛍 Consumer 🏛 Financials 💡 Utilities ⚡ Energy 💻 Technology 👨⚕️ Healthcare 52-Week Lows TSX Stocks Here’s this week’s 52-week lows stocks on Stockchase… 💻 Technology… read more
Tech rallies, but lags in June
The TSX was flat on Tuesday, up 33 points, and gained 0.25% in June. Sectors were mixed with tech rallying the furthest and staples and telcos selling off the most. For instance, Telus closed -2.15% and BCE -3.45%. Other major movers were MDA Space, soaring 8.5%, Celestica up 6.15% and TC Energy, down 3.45%. In commodities, silver rose 1.45% to US$59.10, gold held around US$4,105 and WTI declined about 1% to US$70.10.
In New York, the Nasdaq rallied 2.07% but sank 2.8% for the month. The S&P advanced 0.78% on Tuesday but slid1% in June, while the Dow gained 0.26% for the session and 2.5% for the month. The driving force remains tech. Key names were Sandisk, leaping 10.89%, Nvidia 2.63%, Intel 6.01%, Apple 2.7% and AT&T -5.13%. Bitcoin continued to slump, shedding 2.6% to US$58,660. The U.S. 10-year yield climbed to US4.555%.
📱 Telus Corp (T.TO) -2.15%
📡 BCE Inc. (BCE.TO) -3.45%
🧬 MDA Space Ltd. (MDA.TO) +8.5%
🧬 Celestica Inc (CLS.TO) +6.15%
🛢 TC Energy (TRP.TO) -3.45%
💾 Sandisk Corp (SNDK) +10.89%
💾 NVIDIA Corporation (NVDA) +2.63%
💾 Intel (INTC) +6.01%
🍎 Apple Inc (AAPL) +2.7%
📱 AT&T (T) -5.13%
🅱 Bitcoin (BTCUSD) (BTC-USD) -2.6%
Is bullish. US margins were 11% of sales and expected to hit 13-14%. The AI flow is driving the economy as the hyperscalers spend and the chipmakers raise prices. This will pick up the rest of the economy. Industrial companies have put behind Covid, and profits are picking up. He sees strong opportunities in Canada, particularly minerals.
