Daily News

Source: BNN Bloomberg October 12, 2022

Goldman Sachs says too early to price in a U.S. Fed policy pivot

Goldman Sachs Group Inc. analysts say it’s “too early” to price in a dovish turn in Federal Reserve policy as the economic outlook isn’t bad enough yet, and rates markets remain too volatile.  Wide fluctuations in rates have meant that expectations for hig...

Source: BNN Bloomberg October 12, 2022

'Fire sale' risk in bonds pushes BOE to step up measures

The Bank of England is expanding the scope of its bond purchases to include inflation-linked debt in an effort to avert what it called a “fire sale” that threatens financial stability. It’s the second time this week the central bank has added to its arsena...

Source: BNN Bloomberg October 12, 2022

Chipmaker earnings estimates fall at fastest pace since 2008

A string of warnings on semiconductor demand from the likes of Micron Technology Inc. and Samsung Electronics Co. is forcing analysts to slash earnings forecasts at the fastest pace since 2008. Having gone from boom to bust in less than a year, the semicon...

Source: BNN Bloomberg October 12, 2022

Lululemon stock upgraded by Piper Sandler analyst

A Piper Sandler & Co. analyst upgraded lululemon athletica Inc. stock, citing opportunity for “outperformance in outerwear this Fall/Winter, and stable promotional intensity.” In a note released Tuesday, Abbie Zvejnieks, research analyst at Piper Sandler,...

Market Call Source: BNN Bloomberg October 12, 2022

Andrew Pyle's Top Picks: October 11, 2022

Andrew Pyle, investment advisor and portfolio manager, CIBC Wood Gundy FOCUS: North American equities MARKET OUTLOOK: After the worst September in 20 years, October isn’t exactly starting on the right foot. Even though volatility has not returned t...

Source: BNN Bloomberg October 12, 2022

U.S. stocks sink after BOE warning rattles investors

  U.S. stocks turned sharply lower in late trading after comments by the Bank of England chief on removing market support rattled investor sentiment. Benchmark Treasury yields rose and the dollar gained. The S&P 500 slid amid renewed selling in tech sha...

Source: BNN Bloomberg October 12, 2022

Scotiabank analyst cuts price targets for several transportation, aviation stocks

An analyst at Scotiabank has cut price targets for almost every transportation and aviation stock on his coverage list, citing concerns around how a potential recession could impact these sectors. Konark Gupta, analyst at Scotia Capital, cut the price targ...

Source: BNN Bloomberg October 12, 2022

The stock market could bottom in 2024: David Rosenberg

Investors looking to take advantage of market lows could be waiting until 2024, according to David Rosenberg, the founder and president of Rosenberg Research.   “There is no evidence of the stock market ever bottoming as the central banks are still raising ra...

Executive Summary Source: Financialpost October 12, 2022

Posthaste: Feel anxious about your finances? Blame your parents

Money management skills are hereditary, survey suggests, but the cycle can be broken Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links o...

FP Economy Source: Financialpost October 11, 2022

Households are feeling bleak about Canada's economic prospects this fall

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Canadians have be...