Category: Strategy Management

Stocks in Canada’s largest market closed the week with triple-digit gains, as health-care and tech stocks pulled the indexes forward.

The TSX regained 161.77 points to close the day and the week at 20,503.21, for a gain on the week of 143 points, or 0.7%.

The Canadian dollar advanced 0.46 cents at 74.73 cents U.S.

Health-care issues proved the champion Friday, with Bellus Health jumping 46 cents, or 4.6%, to $10.53, while Bausch Health Companies hiking 40 cents, or 3.8%, to $10.86.

Tech stocks also shone, Magnet Forensics rocketing $5.45, or 14.2%, to $43.80, while HUT 8 Mining grabbing 31 cents, or 14%, to

On the economic calendar, Statistics Canada says retail trade for November decreased 0.1% to $61.8 billion in November. Sales decreased in six of 11 subsectors and were led by lower sales at food and beverage stores (-1.6%) and building material and garden equipment and supplies dealers … Read more

Why do some ventures realize strong success and rapid growth while others do not? Common traits are shared among many of the world’s fastest-growing companies that others can adopt to succeed in 2023 and beyond.

Source link … Read more

Monday

U.S.

Economic Lookahead

Leading economic indicators (Dec.)

Featured Earnings

Baker Hughes Corp. (NASDAQ:RKR) (Q4) Reported EPS of 41 cents, compared to 25 cents in the prior-year quarter.

Brown & Brown Inc. (NYSE:BRO) (Q4) Reported EPS of 45 cents, compared to 42 cents in the prior-year quarter.

Synchrony Financial (NYSE:SYF) (Q4) Reported EPS of $1.10, compared to $1.48 in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

S&P U.S. manufacturing PMI (Jan.)

S&P U.S. services PMI (Jan.)

Featured Earnings

Microsoft Inc. (NASDAQ:MSFT) (Q2) Reported EPS for $2.29, compared to $2.48 in the prior-year quarter.

Johnson & Johnson (NYSE:JNJ) (Q4) Reported EPS of $2.22, compared to $2.13 in the prior-year quarter.

Danaher Inc. (NYSE:DHR) (Q4) Reported EPS of $2.44, compared to $2.69 in the prior-year quarter.

Canada

Blackline Safety Corp. (T.BLN) (Q4) Reported EPS for loss of 14 cents, compared to loss of 27 cents in the prior-year quarter.

Canada Nickel Company … Read more

An incident at Sam Bankman-Fried’s California home may highlight the risks faced by the FTX founder and his associates.

Source link … Read more

(CORRECTS TSX CLOSE OF 20,341.44)

Stocks in Toronto have climbed the downward ladder since hitting dizzy heights. On Thursday, the decline was powered mostly by real-estate and health-care concerns.

The TSX lost 34.79 points to end Thursday at 20,341.44.

The Canadian dollar improved 0.18 cents at 74.26 cents U.S.

The health-care index fell with cannabis producer Tilray Brands dropping 17 cents, or 4.1%, to $3.97, with Canopy Growth behind 11 cents, or 3.1%, to $3.47.

In real-estate, Allied Properties REIT units folded 88 cents, or 3%, to $28.86, while Colliers International sagged $2.64, or 1.9%, to $133.86.

Among techs, Magnet Forensics slid $1.98, or 4.9%, to $38.35, while Shopify dipped $1.46, or 2.8%, to $51.43.

Gold tried to equalize things, with Equinox Gold ahead 47 cents, or 8.7%, to $5.90, while Torex Gold grabbed 79 cents, or 4.6%, to $17.82.

In other resource stocks, K92 Mining gained 26 cents, or … Read more