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Aug 05 2014

The beginning of a correction? Nope

By Andrew McCreath, BNN Markets Commentator
Andrew says the latest economic data supports Yellen's dovishness and provides a floor for stocks as quarterly results come in better than he expected. The U.S. dollar will strengthen while energy prices move to the downside. Oil is weak on the TSX and those who are long are taking it on the chin. Plus, the latest news from the Chevron conference call.
Filed in: Economy » Continue Reading
Frances Horodelski
Aug 05 2014

The focus is on volumes (or lack thereof)

By Frances Horodelski, Anchor
Activity today will focus on volumes (or lack thereof), whether the correction that started last week has legs, Canadian jobs (Friday), the auto story (sub-prime loans rising, Toyota’s surprising profit, big volumes at BMW and Gannett buying in the rest of cars.com), “back to school” shopping trends (teens like bold prints, cowgirl boots, but the “all-American look” is out according to Thomson Reuters), SNC-Lavalin upgraded to outperform at Scotiabank, Imperial Metals and its tailings pond problem, and European data (UK Services stronger) but also the ongoing Portuguese banking issues and Greek bonds selling off this morning (apparently one big seller in the market).
Filed in: Economy » Continue Reading
Frances Horodelski
Aug 01 2014

Is the bull dead?

By Frances Horodelski, Anchor
Is the bull dead? Unlikely. But with 1031 days without a 10%+ correction, a pullback shouldn’t be a surprise. The things that keep markets going – economic growth (check), positive earnings (check), easy monetary policy (check), reasonable valuation (check), sentiment (not outrageously bullish on most measures), and breadth (check) – say the bull isn’t dead.
Filed in: Economy » Continue Reading
Frances Horodelski
Jul 30 2014

What’s a MAU worth?

By Frances Horodelski, Anchor
The markets are taking a signal from Twitter and are floating higher (with the exception of the FTSE 100 and CAC 40 which are both lower). Futures in Toronto and New York are suggesting a higher opening. Even Russian stocks are higher (although still down about 9% from June levels) despite more aggressive sanctions from the EU, Canada and the United States.
Filed in: Economy » Continue Reading
203x229
Jul 28 2014

Lots of market-moving info ahead

By Andrew McCreath, BNN Markets Commentator
Today's a big day for M&A in the dollar store segment south of the boarder. Andrew says Canadian Dollerama isn't a bargain given the valuation of today's deal. He's also not expecting anything new from the FOMC press release, but think the U.S. GDP number will disappoint. Plus, a look ahead at north american earnings and natural gas.
Filed in: Economy » Continue Reading
Frances Horodelski
Jul 28 2014

Macro events will dictate the week

By Frances Horodelski, Anchor
This week will largely be dictated by some major macro events including the FOMC (no “dots”, no press conference, just a statement) on Wednesday and the July jobs report on Friday.
Filed in: Economy » Continue Reading
Frances Horodelski
Jul 25 2014

Pick up your contrarian hat

By Frances Horodelski, Anchor
Today, we have lots of things to focus on. First, Amazon. As RBC’s analyst puts it “there’s gotta be a bang for all these bucks” following the release of a larger than expected loss in the company’s Q2. The earnings calendar lightens a little today, although it resumes with a vengeance next week, especially in Canada.
Filed in: Economy » Continue Reading
Frances Horodelski
Jul 21 2014

No shortage of facts

By Frances Horodelski, Anchor
There will be no shortage of facts this week on the state of corporate America. 147 of the S&P 500 (including 12 Dow components) will report Q2 results. In total, the S&P 500 is expected to show earnings growth of 5% in the quarter, with a lot of variation around that average with an almost 12% gain for technology companies and a 0.7% decline for utilities.
Filed in: Economy » Continue Reading

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