Daily News

Source: BNN Bloomberg August 19, 2023

Big tech logs worst three-day drop since February

U.S. stocks fell for the third straight day as a global bond market selloff intensified and tamped down enthusiasm for growth-oriented tech giants.   The Nasdaq 100 fell 3.2 per cent in its worst three-day slide since February. Investors are losing faith t...

Market Call Source: BNN Bloomberg August 19, 2023

Gordon Reid's Top Picks: August 17, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: After a spirited start to the year, equity markets have bogged down into a lower-volume sluggish pattern, with a notable rotation...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index down 0.44% despite energy gains

Strength in energy stocks Thursday wasn't enough to keep Canada's main stock index from posting a loss amid weakness in tech and other sectors, while U.S. markets also declined.  The S&P/TSX Composite Index was down 86.84 points, or 0.44 per cent, at 19,81...

Source: BNN Bloomberg August 19, 2023

What to look for when investing in a new company: Portfolio manager

The U.K. stock market has underperformed the U.S. and Canadian markets over the past year, but one market expert says there are many investment opportunities to be had despite the pullback.    Jason Del Vicario, portfolio manager with Hillside Wealth Managem...

Market Call Source: BNN Bloomberg August 19, 2023

Ryan Bushell's Top Picks: August 18, 2023

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: The trade-in August has turned more cautious as U.S. 10-year Treasury yields have spiked higher, taking out the previous high...

Market Call Source: BNN Bloomberg August 19, 2023

Greg Newman's Top Picks: August 16, 2023

Greg Newman, senior wealth advisor and portfolio manager, ScotiaMcLeod FOCUS: North American stocks and protection strategies  MARKET OUTLOOK: Rising bond yields, an anemic China, seasonality, higher valuations, more downgrades on the U.S. banks an...

Source: BNN Bloomberg August 19, 2023

Investors should seek safety in gold amid China uncertainty: Analyst

Growing concern over China's economy has one currency expert looking for safety in commodities and currency markets.    Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Kathy Lien, managing director at BKForex, said commodities such as gold and curren...

Source: BNN Bloomberg August 19, 2023

Big tech logs year's longest weekly losing streak

Megacap tech stocks slumped for a third straight week — the longest such streak in 2023 — as fears of higher global interest rates weighed on sentiment while bonds bounced off multiyear lows.  Stocks ground higher in the final minutes of the session in mov...

Source: BNN Bloomberg August 19, 2023

The Week Ahead: New housing price index; retail sales data due

Monday, August 21 Notable data: New Housing Price Index Tuesday, August 22 Notable data: U.S. Existing Home Sales Notable earnings: Lowe’s Cos, Medtronic, Dick’s Sporting Goods, Macy’s, Toll Brothers, La-Z-Boy Inc. Wednesday, August 23...

Source: Financialpost August 19, 2023

Need a charge? Canada’s $5-billion battery plant is looking for employees

But filling those jobs might prove to be challenging in Canada's tight labour market A $5-billion electric-vehicle (EV) battery plant being constructed in Windsor, Ont., by a company backed by Netherlands-based automaker Stellantis NV and South...