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TSX fades to end week
With the NYSE closed for an American holiday, the TSX started Friday strong, but faded into the close. The TSX declined 0.32% for the session and nearly that much for the week in a relatively quiet session. Sectors were mixed after energy led and materials lagged the most. Gold surrendered US$54 to US$4,155 and silver slid 1.33% to US$64.70. WTI climbed nearly a dollar to US$77.55 as Trump’s pending deal with Iran attracts criticism. Most active on Bay Street were Montage Gold up 3.03%, CNQ +1.23%, and Vital Infrastructure Trust -1.51% as Alamos Gold tumbled 18.44% and Wheaton Precious Metals sank 4.78%.
🥇 Montage Gold (MAU.V) +3.03%
🛢 Canadian Natural Rsrcs (CNQ.TO) +1.23%
🏛 Vital Infrastructure Property Trust (VITL.UN.TO) -1.51%
🥇 Alamos Gold Inc (AGI.TO) -18.44%
⛏ Wheaton Precious Metals (WPM.TO) -4.78%
Is SpaceX Overvalued at $1.75 Trillion?
Yes, SpaceX (SPCX-Q) is overvalued on every independent valuation model published before its June 12, 2026 IPO. SpaceX is priced at $135 per share, near $1.75 trillion. Morningstar values it at $63, and NYU’s Aswath Damodaran near $100. Both sit… read more
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Operation excellence. Definable development upside. Project pipelines with visible continued revenue growth. Making sustainable capital investments necessary to maintaining production (rather than distributing disproportionate amounts of cash back to shareholders). Dividends and share buybacks are good up to a point, but it's now reaching dangerous levels (particularly in the US). He's not in favour of cannibalizing a company's balance sheet.
Names he owns include CNQ, TOU, and (until recently) ARX.
This Week’s Stock Picks & BNN Top Picks Summary: TRI-T, CRM-N and 20 Stock and 3 ETF Top Picks (Jun 12-19)
This week were 20 Stock and 3 ETF Top Picks in a wide range of industries: ETF, Consumer, Technology, Financials, Industrials, Basic Materials and Energy. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, Richard Orrell,… read more
