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Materials lead TSX rally
With the NYSE closed Friday in lieu of the July 4 holiday, the TSX rallied over 300 points or 0.9%. Healthcare, discretionary and especially materials fueled the surge while only staples saw mild weakness. Commodities played their part. Gold rose US$55 to US$4,176, silver added 2.35% to US$62.25 and WTI climbed by 0.13% to US$68.78. The most active stocks on Bay Street were Telus, up 0.62%, and CNQ 0.82%. Also notable were Discovery up 9.09%, GFL Environmental 7.6%, Secure Waste Solutions 5.74% and Whitecap Resources 1.1%. Meanwhile, Bitcoin advanced 1.7% to US$62,550.
📱 Telus Corp (T.TO) +0.62%
🛢 Canadian Natural Rsrcs (CNQ.TO) +0.82%
⛏ Discovery Silver (DSV.TO) +9.09%
♻ GFL Environmental Inc. (GFL.TO) +7.6%
♻ SECURE Waste Infrastructure Corp. (SES.TO) +5.74%
🛢 Whitecap Resources (WCP.TO) +1.1%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1.7%
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
