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June can be choppy, and there has been recently. Risk is still there, because the breadth in the US market has been lousy. So, he's cautious US stocks and bullish Canadian. Only tech is beating the S&P while all else is lagging. In Canada, many sectors are beating the baseline TSX. He's buying Canadian tech--it's building a base and trying to break out, such as the XIT ETF. In contrast, US tech is parabolic, and it won't last.
Is near a 52-week high. He wants yields to go lower. Money is coming out of oil and into precious metals.
US EQUITIES
It remains a bifurcated market. Most consumers will still dig themselves out of a hole, living paycheque to paycheque. The other consumers are driving the market and spending.
US EQUITIES
Prefers Microsoft to Meta, which are both off their highs by the same percentage. MSFT will monetize their AI faster.
The question was on the semi-conductor space. You need good quality companies and the right timing. You have to be careful in this and the memory space which have had a great run, some moving parabolically. Keep your involvement balanced through the percentage it takes up of your portfolio. You can use these stocks as trading vehicles and trim as they get too high.
Markets soar after Mideast ceasefire
Markets in Toronto and New York ripped on Monday after a ceasefire was announced in the US-Israel-Iran war the day before. Led by minerals, the TSX jumped over 300 points to set a new record at 35,275. Silver rallied nearly 3% to US$81.50 while gold rose about US$100 to US$4,317. The session’s biggest gainers were all miners: Aya Gold & Silver up 10.49%, Denison 8.41%, Eldorado Gold 10.05% and Barrick 4.21%. Predictably, energy was the biggest loser. CNQ sank 2.7% as WTI slid 4% to US$81.50.
In New York, tech led the rally as the Nasdaq jumped over 3% or nearly 800 points. The S&P leapt 1.66% and the Dow advanced 0.92% to its own record close. Major movers included Nvidia up 3.54% as the most active name again, Micron 10.84%, Intel 2.04%, Western Digital 16.1% and DoorDash 11.63%. While the U.S. 10-year yield held at 4.475%, Bitcoin climbed 4% to US$66,510.
⛏ Aya Gold & Silver (AYA.TO) +10.49%
⛏ Denison Mines Corp (DML.TO) +8.41%
⛏ Eldorado Gold (ELD.TO) +10.05%
⛏ Barrick Mining (ABX.TO) +4.21%
🛢 Canadian Natural Rsrcs (CNQ.TO) -2.7%
💾 NVIDIA Corporation (NVDA) +3.54%
💾 Micron Technology (MU) +10.84%
💾 Intel (INTC) +2.04%
💾 Western Digital (WDC) +16.1%
📦 Doordash (DASH) +11.63%
🅱 Bitcoin (BTCUSD) (BTC-USD) +4%
NORTH AMERICAN - LARGE, ETF'S & MACRO STRATEGIES
No show today.
Most Anticipated Earnings: WEED-T, GRGD-T and more Canadian Companies Reporting Earnings this Week (Jun 15-19)
Here are the Canadian companies listed on Stockchase who are reporting earnings this week: 🚚 Industrials 🛍 Consumer Use this list wisely to identify buying opportunities.Happy trading !!! read more