Daily News

Source: BNN Bloomberg June 28, 2022

Meta plunge lures value buyers as growth funds flee

For years, investors valued Facebook’s parent company as if its growth would never falter. Now that it has, fund managers who buy cheap, out-of-favor stocks are finally getting a chance to own shares of Meta Platforms Inc.  Stock pickers at value firms Dod...

Market Call Source: BNN Bloomberg June 28, 2022

Mike Philbrick's Top Picks: June 27, 2022

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: Inflation Shock to Growth Shock – This May Not Get Easier There are four economic regimes created by two dynamics: growth and inflati...

Source: BNN Bloomberg June 28, 2022

BMO cuts Bombardier price target amid macro uncertainty

BMO Capital Markets lowered its 12-month price target for Bombardier Inc. on the premise that “high financial leverage and heightened macro uncertainty have weighed on [its] valuation.” In a note to clients on Sunday, Analyst Fadi Chamoun reduced his price...

FP Economy Source: Financialpost June 27, 2022

Inflation drives Canadian consumer confidence to crisis-era lows

Canada’s households are beginning to buckle amid the weight of rising prices, higher interest rates and a housing correction Canadian consumer confidence levels have fallen to near crisis-era lows in an ominous sign for the nation’s economic outloo...

FP Economy Source: Financialpost June 26, 2022

Canada has a path to 'soft landing,' Freeland says

A severe recession can be avoided, Freeland told CBC Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a “soft landing,” where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a seve...

Source: BNN Bloomberg June 25, 2022

U.S. stocks roar back with best week in a month

US stocks rebounded this week from a rout that drove the market down for three straight weeks after recent comments from Federal Reserve officials buoyed sentiment and a reading on inflation expectations eased. The S&P 500 gained more than 3 per cent Frida...

Market Call Source: BNN Bloomberg June 25, 2022

Brendan Caldwell's Top Picks: June 24, 2022

Brendan Caldwell, president and CEO, Caldwell Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Heading into 2022, a concoction of headwinds created the perfect storm for equity markets and the ensuing sell-off has led mo...

Source: BNN Bloomberg June 25, 2022

Market is shredding all the time-tested ways to chart its course

Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around. Case in point this week, with its forceful pivot from multimonth lows. Sudden...

Source: BNN Bloomberg June 24, 2022

U.S. equities gain as traders parse Fedspeak

US stocks rose and Treasuries rallied as weaker-than-forecast data and a renewed hawkish tone from Federal Reserve officials ratcheted up worries the economy is headed for a recession. The S&P 500 resumed gains on Thursday, ending the day up nearly 1 per c...

Source: BNN Bloomberg June 24, 2022

Recession fears plunge Canadian banks into 20% drop from record

Canadian banks fell about 20 per cent from their record high set in early February as recession fears send investors fleeing. The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another day of l...