Daily News

Market Call Source: BNN Bloomberg August 06, 2022

Brendan Caldwell's Top Picks: August 5, 2022

Brendan Caldwell, president and CEO, Caldwell Investment Management FOCUS: North American equities  MARKET OUTLOOK: In a recent commentary to the markets, the U.S. Federal Reserve signalled a willingness to tolerate a recession – hopefully mild – r...

Source: BNN Bloomberg August 06, 2022

TSX gains as investors weigh earnings, economic concerns

The S&P/TSX Composite Index managed to end with a gain on Friday after spending most of the day in negative territory as investors digested another barrage of corporate earnings and a jobs report that fueled concerns about a slowing economy. The index clos...

Source: BNN Bloomberg August 06, 2022

Big Oil is paying out years of dividends in one day

Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day -- and sometimes more than that. While reporting second quarter results Thursday, ConocoPhillips informed investors that it wil...

Source: BNN Bloomberg August 05, 2022

U.S. stocks little changed as traders parse earnings

US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve remained inverted as recession fears persisted. The S&P 500 ended the session little...

Source: BNN Bloomberg August 05, 2022

Bank of England raises rates by most since 1995, warns of long recession

(Bloomberg) -- The Bank of England unleashed its biggest interest-rate hike in 27 years as it warned the U.K. is heading for more than a year of recession under the weight of soaring inflation. The half-point increase to 1.75 per cent was backed by eight o...

Source: BNN Bloomberg August 05, 2022

TSX recap: Market gains after jam-packed earnings day

Canada’s benchmark stock index finished the trading day higher on Thursday as investors digested a slew of earnings releases. The S&P/TSX Composite Index closed up 31.10 points, or 0.16 per cent, to 19,577.04. Shares of Restaurant Brands International I...

Source: BNN Bloomberg August 05, 2022

Goldman, Bernstein strategists say stocks rally can fizzle out

The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn. “Without clear signs of a positive shif...

Market Call Source: BNN Bloomberg August 05, 2022

John Zechner's Top Picks: August 4, 2022

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks MARKET OUTLOOK: In July, growth stocks pushed the Nasdaq up 12 per cent, cyclical stocks lagged, gold bounced up nearly $100 and 10-yr bond yields fell...

Source: BNN Bloomberg August 04, 2022

U.S. stocks snap two-day drop; Treasuries trim losses

US stocks snapped a two-day decline on Wednesday as corporate earnings and economic data came in better than expected. Treasuries trimmed losses as traders priced in further interest-rate hikes from the Federal Reserve.  Solid reports from Moderna Inc. and...

Source: BNN Bloomberg August 04, 2022

TSX recap: Shopify, banks help offset energy weakness

Canada’s benchmark stock index ended in positive territory Wednesday as strength in the financials and technology subgroups offset weakness in energy stocks. The S&P/TSX Composite Index closed with a 40.61-point gain, or 0.21 per cent, to 19,545.94. Sho...