Trending Stocks, Investing Tips, and Market Insights on Stockchase
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Careful. It trades at 32x forward PE, well above its average of 18x. The stock is rising because Alphabet says it will continue to spend; GOOG is 13% of AVGO's overall revenue. AVGO's revenue growth in 2026 is 62%, but this will moderate in 2027 (estimated at 28%) and 2028.
US EQUITIES
He likes the moat around the cybersecurity incumbents. Fears that Anthropic and AI would break cyber companies were overblown.
It's incredible it is keeping up with the market, up 14% this year while their capex is down vs. others going up. Their balance sheet is fortress-like. The iPhone and iPad will be the devices we will use for AI, not others. Deserves this PR. More upside to come.
It reports today. You can't replace CWRD with Anthropic for most companies.
Everybody has their eyes on the major transformation of AI and its enormous potential. Valuations are quite high, and the market is concentrated in these stocks. His firm is there.
There are also other leadership themes. Most of them are sectors that either benefit from or provide a hedge against inflation.
Things that are more disinflationary or reflect economic weakness really are nowhere to be seen. It's a market of haves and have-nots. It's a market you can be both targeted and diversified in while being involved in the AI trade.
Weekly 52-Week Low (or 52-Week High): BMO-T, ATS-T, DND-T, GFL-N and More 52-Week Highs and Lows (May 27-Jun 02)
52-Week High TSX Stocks Here’s this week’s 52-week high stocks on Stockchase… 🏛 Financials 💻 Technology 💡 Utilities 🚚 Industrials ⚡ Energy 🛍 Consumer 🛢Basic Materials 👨⚕️ Healthcare 52-Week Lows TSX Stocks Here’s this week’s 52-week lows stocks on Stockchase…… read more
AI-mania pushes stocks to new highs
The appetite for any stock related to AI and data centres continued to rage on Tuesday, sending the New York and even Toronto indices to record closes. The S&P climbed 0.13% higher, the Nasdaq 0.03%, the Dow 0.45% and the TX 1.25% or 434 points to 35,109. Nvidia CEO Jensen Huang declared that Marvell will be the next trillion-dollar company. Marvell‘s shares then rocketed 32.52%. Also soaring was HP after a blow-out quarter, up 19.47%. Coherent jumped 17.63%, though Trade Desk tumbled 9.13%. The U.S. 10-year yield slipped modestly to 4.453%, while Bitcoin fell over 6% to US$66,910.
The TSX rallied to record highs on the strength of energy, materials and financials. Healthcare was among only three sectors to lose ground. Notable names included Celestica up 10.98%, CNQ 2.8%, BlackBerry 5.88%, Energy Fuels 10.89% and Discovery Silver 10.78%. Silver edged up 0.45% to US$75.05 while gold added US$5 to US$4,489. WTI ground 1.55% higher to US$93.60.
🧬 Marvell Technology Group (MRVL) +32.52%
💾 Hewlett-Packard Co (HPQ) +19.47%
🧬 Coherent Corp. (COHR) +17.63%
💾 Trade Desk (TTD) -9.13%
🅱 Bitcoin (BTCUSD) (BTC-USD) -6%
🧬 Celestica Inc. (CLS) +10.98%
🛢 Canadian Natural Rsrcs (CNQ.TO) +2.8%
📱 BlackBerry (BB.TO) +5.88%
🛢 Energy Fuels Inc. (EFR.TO) +10.89%
🥈 Discovery Silver (DSV.TO) +10.78%
NORTH AMERICAN
The Canadian banks are very exposed to the housing market. However, if the front end of interest rates come down while the long end stays high, that's a net tailwind for banks. Lifecos are slightly better bet, based on valuations.
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Will benefit when Honeywell spins off Quantinium this week.
NORTH AMERICAN - LARGE, ETF'S & MACRO STRATEGIES
He invests in a lot of real-estate-based funds. Lots of stress coming in development markets. Projects in Toronto have been shut down. Who can afford $1500/sq foot? At the high end, we're seeing it already.
Mideast talks, software rally pushes Wall Street to highs
The month began with mixed news from the Middle East after Iran ended peace talks and continued blocking the flow of oil, but later Trump announced that he was resuming these talks. Meanwhile, Nvidia CEO, Jensen Huang, announced that AI posed no threat to software companies. These two developments pulled American indices out of the red and into positive territory: the S&P up 0.26% and the Nasdaq 0.42%, both to record highs,and the Dow 0.09%.WTI spiked 5.7% to US$92.30 but was off the high of the day. Software surged across the board, including ServiceNow by 9.24% and Adobe 5.72%. However, Meta slid 5.07% and Ford skidded 4.64%. Once more, Nvidia was the most influential name, adding 6.26%. Bitcoin sank over US$2,000 to US$71,570. The U.S. 10-year yield remained at 4.453%.
Despite tech and energy surging, the TSX declined 34 points. Sectors were mixed with materials and financials faring the worst. Key names: Celestica soaring 10.36%, Parex Resources 10.27%, BlackBerry 8.74%, Thomson Reuters 8.63% and Equinox Gold -8.19%. Gold slipped US$57 to US$4,482 as silver declined 0.6% to US$74.70
💾 Servicenow (NOW) +9.24%
💾 Adobe Systems (ADBE) +5.72%
🕵️♀️ Meta Platforms, Inc. (META) -5.07%
🚘 Ford Motor (F) -4.64%
💾 NVIDIA Corporation (NVDA) +6.26%
🧬 Celestica Inc (CLS.TO) +10.36%
🛢 Parex Resources Inc. (PXT.TO) +10.27%
📱 BlackBerry (BB.TO) +8.74%
🖨 Thomson Reuters Corp (TRI.TO) +8.63%
🥇 Equinox Gold (EQX.TO) -8.19%
It's more about narrative and momentum that's driving share prices now, because there's much more algorithmic trading and more retail investors. So, market are growing more detached from fundamentals for longer. It's riskier, so pick your spots. Retails investors look at headlines, rather than ROI. Problem is, that creates bubbles.
Most Anticipated Earnings: JG-X, ENGH-T and more Canadian Companies Reporting Earnings this Week (Jun 01-05)
Here are the Canadian companies listed on Stockchase who are reporting earnings this week: ⚡ Energy 👨⚕️ Healthcare 🛢Basic Materials 💻 Technology 🏛 Financials 🚚 Industrials 🛍 Consumer Use this list wisely to identify buying opportunities.Happy trading !!! read more