Daily News

Source: BNN Bloomberg August 09, 2022

Wall Street strategists say stocks rally at odds with profit outlook

A dimming earnings outlook is at odds with the recent rebound in stock markets, according to strategists at Morgan Stanley and Goldman Sachs Group Inc. Both Morgan Stanley’s Michael J. Wilson and Goldman’s David J. Kostin expect corporate profit margins to...

Source: BNN Bloomberg August 09, 2022

Tesla leads green U.S. stocks rally as senate passes climate bill

Electric vehicle and renewable energy stocks rallied after the US Senate passed a key tax, climate and health-care bill, which Democrats called the largest investment in fighting climate change ever made in the country. Tesla Inc. shares charged ahead, ris...

Market Call Source: BNN Bloomberg August 09, 2022

Andrew Pyle's Top Picks: August 8, 2022

Andrew Pyle, senior investment advisor and portfolio manager, CIBC Wood Gundy FOCUS: North American equities MARKET OUTLOOK: The main theme for markets this year is how much we have been able to compress cycles through fear rhetoric and aggressive...

FP Comment Source: Financialpost August 08, 2022

Opinion: To understand and forecast inflation, follow the money

History shows that a rise in the cost of living follows excessive growth in the money supply Former Bank of Canada Governor John Crow was once asked whether the money supply had been used in the Bank’s economic model and forecasts he had just prese...

Technology Source: BNN Bloomberg August 06, 2022

U.S. stocks notch weekly gain after jobs data surprise

US stocks notched a weekly gain after a surprisingly strong jobs report alleviated recession fears but cleared the path for the Federal Reserve to raise rates sharply at its next meeting.  The S&P 500 suffered a decline on Friday after falling as much as 1...

Source: BNN Bloomberg August 06, 2022

Canadian stock traders lose out with currency-hedged receipts

Canadian stock investors who embraced a unique kind of depositary receipt that hedges against currency fluctuations ended up losing out because of the greenback’s gains. The securities from Canadian Imperial Bank of Commerce debuted about a year ago with a...

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...