Daily News

Source: BNN Bloomberg July 26, 2022

U.S. stock trading hits 2022 low before Fed, earnings

Stocks wavered in a choppy session as traders braced for earnings from technology bellwethers amid the threats of a hawkish Federal Reserve, scorching inflation and a looming economic recession. Traders turned more cautious after last week’s rally, with th...

Market Call Source: BNN Bloomberg July 26, 2022

Paul Harris' Top Picks: July 25, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: The bear market so far has all been mostly multiple contractions. The S&P 500 P/E has gone from 24 to16 but EPS and...

Source: Bankofcanada July 26, 2022

Bank of Canada publishes 2023 schedule for interest rate announcements

The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report. The dates are as f...

Technology Source: BNN Bloomberg July 23, 2022

Alphabet stock split lands with a thud in worry-filled market

Even for Alphabet Inc., financial gimmickry is no match for the power of the bear market. The Google parent’s shares sank 2.5 per cent on Monday, the first day of trading after a 20-for-1 split that brought its stock price down to the US$100 range from mor...

Source: BNN Bloomberg July 23, 2022

TSX recap: Winning streak snapped as Shopify weighs down index

The S&P/TSX Composite Index’s winning streak was halted Friday as losses in the technology subgroup led a broadly lower day for Canadian stocks. At 4:00 p.m. ET, the Canadian benchmark index closed down 79.93 points to 18,982.92. The TSX had closed higher...

Source: BNN Bloomberg July 23, 2022

U.S. stocks end three-day rally on tech, growth woes

US stocks fell as disappointing results from social-media firms and weak economic data added to recession fears. Treasuries rallied as traders dialed back bets on Federal Reserve hikes, while the dollar retreated. The S&P 500 dropped for the first time in...

Market Call Source: BNN Bloomberg July 23, 2022

Shane Obata's Top Picks: July 22, 2022

Shane Obata, portfolio manager, Middlefield Capital FOCUS: Global large-cap stocks MARKET OUTLOOK: June was an extremely volatile month for equities with the S&P 500, TSX Composite and MSCI World, all declining by more than eight per cent. The S&P...

Source: BNN Bloomberg July 22, 2022

Tesla's rally creates US$1B headache for its army of shorts

The 10 per cent surge in Tesla Inc. shares Thursday after the electric-vehicle maker reported strong earnings is creating one notable group of losers: The pile of traders betting against the stock.  Tesla is the most shorted stock in the world, with almost...

Market Call Source: BNN Bloomberg July 22, 2022

Brian Madden's Top Picks: July 21, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: Overweight cash, golds, staples, utilities, health care and other recession-resilient businesses. Avoid last cycle‘s leaders - FA...

Source: BNN Bloomberg July 22, 2022

Snap's drop cools stock optimism before Asia open

Asia’s stock markets face a cautious start Friday after a dash of disappointment over technology earnings injected fresh worries about the economic outlook and took some sheen off a US equity rally. Futures rose modestly for Japan and Australia in the wake...