Trending Stocks, Investing Tips, and Market Insights on Stockchase
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Run up, so take some profits. You don't want to sell them, though. Good line of sight to double-digit total return over a cycle. Yes, we're in a "technical recession", but it's narrow and concentrated in certain parts of the economy. As well, the banks own global and US assets, and the US is not in a recession.
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Financials lead TSX to record close
Financials, healthcare and materials helped lift the TSX 425 points or 1.22% higher to a record close of 35,227. Only two sectors, including telcos, lost ground. Silver rose 1.7% to US$73.85 while gold added 1% to US$4,480. Peace prospects in the Middle East pressured WTI by three dollars to US$93.05. Key names on Bay Street included Bausch Health up 5.94%, Constellation Software 5.5%, Royal Bank 1.93% to a new high, and TransAlta sinking 10.36%.
On Wall Street, the Dow also made a record close after climbing 1.73% while the S&P advanced 0.41% and the Nasdaq lost a handful of points.Major movers: Broadcom -12.59%, Micron -7.74%, Bank of America 3.38%, Humana 6.8% and Blackstone 7.5%. The U.S. 10-year yield held at 4.47% while Bitcoin continued to slide, down 2.5% to US$63,305.
👨⚕️ Bausch Health Companies Inc (BHC) +5.94%
💾 Constellation Software Inc. (CSU.TO) +5.5%
🏛 Royal Bank (RY.TO) +1.93%
💡 Transalta Corp (TA.TO) -10.36%
🧬 Broadcom (AVGO) -12.59%
💾 Micron Technology (MU) -7.74%
🏛 Bank of America (BAC) +3.38%
👨⚕️ Humana Inc (HUM) +6.8%
🏛 Blackstone Group LP (BX) +7.5%
🅱 Bitcoin (BTCUSD) (BTC-USD) -2.5%
He doesn't generally buy day-of IPOs. Problematic. Price will be hyped up, and will probably disappoint. Is SpaceX like the AOL-Time Warner trade (a serial disaster)? Don't buy. Wait and see how it plays out.
Interesting category, with a number of ways to play -- traditional satellites, weapons, communications. The ultimate question is does the business create money? Are revenues sustainable and growing? You have to wait and see.
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.
Yields and oil snap stocks’ streak
Stocks retreated from yesterday’s record-breaking highs after yields and the price of oil rose. WTI climbed 2.8% to US$96.40 as the U.S. and Iran war rages on while the U.S. 10-year yield edged up to 4.491%. The S&P closed -0.74%, the Nasdaq -0.89%, the Dow -1.21% and the TSX -1.05%. Techmania endured, however, with Intel surging 4.43% and Sandisk 6.71%. However, Nvidia ended the session -3.62% and Lumentum -8.86%. Moderna rallied 7.49%.
Sectors were mixed on Bay Street after sharp losses in tech and materials outweighed gains in staples. Silver slipped by 2.9% to US$72.85 and gold sank US$50 to US$4,438. Key names in Toronto: CNQ 1.47% as the most active stock, Lithium Americas -8.69%, Aya Gold & Silver -8.2%, and Athabasca Oil 3.14%.
💾 Intel (INTC) +4.43%
💾 Sandisk Corp (SNDK) +6.71%
💾 NVIDIA Corporation (NVDA) -3.62%
🧬 Lumentum Holdings (LITE) -8.86
💉 Moderna (MRNA) +7.49%
🛢 Canadian Natural Rsrcs (CNQ.TO) +1.47%
⛓ Lithium Americas Corp (LAC.TO) -8.69%
⛏ Aya Gold & Silver (AYA.TO) -8.2%
🛢 Athabasca Oil Sands Corp (ATH.TO) +3.14%
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.