Daily News

Source: BNN Bloomberg May 07, 2022

Lockdown winners from Peloton to Zoom at risk even after rout

The brutal selloff in COVID-19 lockdown winners may not be over yet. After losing more than US$218 billion in combined market value since their pandemic-driven boom, shares of Peloton Interactive Inc., Zoom Video Communications Inc. and DocuSign Inc. are a...

Source: BNN Bloomberg May 07, 2022

Stocks crater as Fed-policy jitters rock trading

The stock surge that followed the Federal Reserve decision proved short lived ahead of Friday’s jobs report, with traders worried that officials could struggle to fight inflation amid the threat of a recession. Just a day after notching the biggest rally i...

Market Call Source: BNN Bloomberg May 07, 2022

Stan Wong's Top Picks: May 5, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: Market volatility has increased considerably in recent weeks with the CBOE Volatility Index (VIX) spiking above critical levels. Geop...

ETFs Source: BNN Bloomberg May 07, 2022

Every ARKK holding is in the red this year except for its cash

The violent stock selloff on Thursday means every single bet in Cathie Wood’s flagship strategy has lost money this year, with the sole exception of a money-market cash holding.  Exposure to BNY Mellon’s Dreyfus Government Cash Management Fund has contribu...

Market Call Source: BNN Bloomberg May 07, 2022

Shane Obata's Top Picks: May 6, 2022

Shane Obata, portfolio manager, Middlefield Capital FOCUS: Global large cap equities MARKET OUTLOOK: April was the worst month for equity markets since 2020, with MSCI World, the S&P 500 and the Nasdaq Composite returning -8.3 per cent, -8.7 per ce...

Market Call Source: BNN Bloomberg May 07, 2022

Brian Madden's Top Picks: May 4, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: Many of today’s investors have likely long forgotten the 1999-2010 era, a period in which Canadian stocks outperformed U.S. stock...

Source: BNN Bloomberg May 07, 2022

Stocks push toward lowest level since May 2021

Volatility continued to dominate financial markets, with stocks pushing lower as the latest U.S. jobs data cemented expectations the Federal Reserve will remain on its rate-hike path to combat stubbornly high inflation. At the end of a week marked by fickl...

Source: BNN Bloomberg May 07, 2022

The Week Ahead: Walt Disney earnings; U.S. Consumer Price Index

Monday, May 9 Notable data: Building Permits, US Wholesale Trade Notable earnings: Coty, Tyson Foods, Zynga, Duke Energy, Ovintiv, Boardwalk REIT, Ritchie Bros Auctioneers, RioCan REIT, Element Fleet Management, Finning International, Hudbay Minerals,...

Source: Bankofcanada May 05, 2022

Supporting Indigenous prosperity

In his final speech before retiring from the Bank of Canada, Deputy Governor Lawrence Schembri talks about the Bank’s contribution to advancing economic inclusion an...

Source: BNN Bloomberg May 04, 2022

Dizzying pre-Fed day ends with gains for stocks

Stocks faced another volatile session, with traders awaiting more clues on whether the Federal Reserve will be able to pull off a soft landing that brings down inflation without triggering a recession. After several twists and turns, the S&P 500 closed hig...