Advertisment Stocks rose on Thursday after strong quarterly results from two Big Tech players eased concerns that artificial intelligence progress would slow amid economic turmoil. The Dow Jones Industrials barreled ahead 177.28 points to 40,846.66. The much-broader index perked 46.57 points to 5,615.63 The NASDAQ Composite recovered 264.35 points, or 1.5%, to … Read more
Oil prices fell and stocks were mixed on Thursday in thin holiday trading, following weak US economic data that added to growth concerns. Several markets were shut in Europe and Asia for the May 1 holiday, including in France, Germany, Hong Kong and mainland China. Among markets that were open, London was flat, while Tokyo … Read more
Investors will watch three stocks that gained 8.45% or more on Wednesday. Trane Technologies (TT) jumped by $29.87 to close at $383.31. The stock may break out of a downtrend that started last December. The firm posted a Q1 non-GAAP EPS of $2.45. Revenue increased by 11.7% Y/Y to $4.69 billion. TT stock … Read more
Equities in Canada fell on Wednesday, as a contraction in the domestic and U.S. economies intensified investor worries about the fallout from U.S. President Donald Trump’s tariff policies. The TSX Composite Index stumbled 181.61 points midday to 24,692.87. The Canadian dollar nicked up 0.06 at 72.38 cents U.S. On TSX, information … Read more
The stock market rebound led to Bed & Body Works (BBWI) on the verge of breaking out. The fragrance maker for the teenage market trades at a price-to-earnings multiple of below nine times. BBWI stock has minimal exposure to its merchandise made in China. That will give the firm an edge over its … Read more
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER – Baystreet.ca News Commentary – The ongoing gold rally has analysts identifying the current conditions for a breakout for gold mining stocks. Billionaire hedge fund manager John Paulson has been quite active recently, including a recent $800-million investment in a stake in an Alaskan … Read more
Equities in Canada’s largest centre edged higher at the open on Tuesday, as investors assessed Prime Minister Mark Carney-led Liberals’ victory in an election centred around the trade war with the U.S. The TSX Composite Index gave back 9.91 points to begin Tuesday at 24,788.68 The Canadian dollar descended 0.09 at 72.21 … Read more
When Skechers (SKX) posted quarterly results last week, shares tumbled. SKX stock retested the $47.79 lows established earlier this month. The firm, which competes with Crocs (CROX), Nike (NKE), and Adidas (ADDYY) trades at a price-to-earnings of around 12 times. Revenue increased by 7.1% Y/Y to $2.41 billion. Unfortunately, the macroeconomic uncertainty related to global … Read more
Three stocks that traded higher last Friday are still hot today. Charter Communications (CHTR) gained 11.43% on April 25 after posting first-quarter results. The firm is forecasting $12 billion in capital expenditures this year. Charter grew its Spectrum Mobile lines by over 500,000 in Q1. The firm benefited from stronger customer growth, offsetting … Read more
Investors seeking low-priced stocks in this expensive market have three stocks to consider. LyondellBasell (LYB) is steady at around $59.50 after posting Q1 non-GAAP earnings per share of 0.33. However, the EPS is $0.54 when excluding a $0.21 negative charge. Revenue fell by 7.6% Y/Y to $7.67 billion. LYB stock may form an … Read more