CANADA STOCKS-TSX rises as consumer discretionary stocks rally
* TSX up 29.12 points, or 0.24 percent, to 12,403.02 The index rallied in early trade after positive Chinese trade data helped support oil prices. It followed a higher close on Tuesday, breaking a nine-session slump that had taken the index to its lowest … Continue reading at reuters.com
Canadian Stocks Are Paring Gains As Crude Reverses — Canadian Commentary
(RTTNews.com) – The Canadian stock market is trading in the green Wednesday morning, but is off its early high. The market snapped an 8-session losing streak yesterday and rebounded from a 3-year low. Energy stocks were a source of strength in early trade … Continue reading at nasdaq.com
Today’s Water-Logged And Getting Wetter Stock: Canadian National Railway (CNI)
Trade-Ideas LLC identified Canadian National Railway ( CNI) as a “water-logged and getting wetter” (weak stocks crossing below support with today’s range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified … Continue reading at thestreet.com
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FY2015 Earnings Estimate for Canadian National Railway (CNI) Issued By Scotiabank
Scotiabank currently has a "Sector Outperform" rating and a $ 85.50 target price on the stock. The consensus estimate for Canadian National Railway's FY2015 earnings is $ 3.24 per share. Scotiabank also issued estimates for Canadian National Railway … Continue reading at intercooleronline.com
TSX rises as consumer discretionary stocks rally
TORONTO (Reuters) – Canada’s main stock index rose on Wednesday, led by consumer discretionary stocks, although earlier gains were pared as crude oil prices fluctuated. The index rallied in early trade after positive Chinese trade data helped support oil … Continue reading at news.yahoo.com
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CANADA STOCKS-TSX turns lower, pressured by drop in crude oil prices
At 11:44 a.m. EST (1644 GMT), the Toronto Stock Exchange’s S&P/TSX composite index fell 40.48 points, or 0.33 percent, to 12,278.77. It included a 2.5 percent drop in energy stocks. (Reporting by Fergal Smith; Editing by Chizu Nomiyama) Continue reading at uk.reuters.com
Canada Stocks Slide Eighth Day to Cap Worst Week Since August
Canadian stocks slid for an eighth day and posted the biggest weekly loss since August, as a decline in gold producers overshadowed labor market reports that exceeded expectations. The Standard & Poor's/TSX Composite Index fell 2.76 points to 12,445.45 … Continue reading at bloomberg.com
K2 Principal Fund L.P. The Sells 40,900 Shares of Tribute Pharmaceuticals Canada Inc (TRX) Stock
Tribute Pharmaceuticals Canada Inc (TSE:TRX) insider K2 Principal Fund L.P. The sold 40,900 shares of the business's stock in a transaction on Friday, January 8th. The stock was sold at an average price of C$ 1.22, for a total transaction of C$ 49,730.31. Continue reading at zolmax.com
Canadian dollar, crude oil plunge in tandem to lowest levels in 13 years
CALGARY - Crude oil prices and the Canadian dollar nosedived in tandem on Tuesday, bringing Canadian stock prices down with them, with the S&P/TSX Composite Index falling to its lowest point since 2013, before recovering on the back of a late-day rally … Continue reading at nationalpost.com
Ten Clean Energy Stocks For 2015: Income Comes In First; Growth Shrinks
Capstone Infrastructure (discussed above) currently pays an 8.7% dividend. While dividends for Canadian stocks are often higher than US-listed stocks, Power REIT has only 1/30th of the market capitalization of Capstone. Hence a 9% yield seems reasonable … Continue reading at altenergystocks.com
* April 10, 2015 Financial News – Business News – Stock Exchange – NYSE – Market News
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Business News – Financial News – Stock News — New York Stock Exchange — Market News 2015
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On Monday, stocks rallied on reduced fears of rate hikes from the Fed after last week's extremely disappointing jobs report. William Dudley, President of the New York Fed, expressed his concerns stating it will be important to monitor developments to determine if the labor market is slowing or if this is temporary. Any interest rate increases are likely to be slow.
The Institute for Supply Management said its services index fell to 56.5 in March down slightly from February, and in line with economists' expectations.
On Tuesday, markets declined slightly but didn't do much as traders awaited for Wednesday's Fed minutes to be released.
On Wednesday, the minutes came out and showed a split by policy makers over when to raise rates, but still very dovish overall. The Dow rose slightly on the news, however, the Nasdaq Composite showed strong gains due to a biotech rally.
On Thursday, Jobless claims for the week ending April 4 were released, increasing 14,000 to 281,000 and energy had a solid rally as crude oil increased slightly.
On Friday, import prices for March were down .3% month to month and 10.5% year over year. At the open, stock rallied modestly on recent strength of the dollar.
Now let's take a look at some stocks:
Tesla Motors Inc. (NASDAQ: TSLA) shares surged this week following a report showing that the electric vehicle manufacturer reported a record number of car deliveries during its first quarter, delivering 10,030 vehicles, beating forecasts by 530. Tesla also announced that they will be upgrading their Model S sedan by putting in a better battery, and all-wheel drive system.
UniQure N.V. (NASDAQ: QURE) shares increased by more than 55% Monday after Bristol-Myers Squibb agreed to collaborate with the Dutch biotech company, and will be buying a 4.9% stake for approximately million.
Herbalife Ltd. (NYSE: HLF) shares lagged Monday following reports on Sunday that federal law enforcement agencies contacted the top 10 Herbalife sellers for information regarding their business practices. Names and the investigating agencies remain undisclosed.
FedEx Corporation (NYSE: FDX) shares shot up Tuesday after the company announced that they will be acquiring Dutch delivery firm TNT Express for .8 billion in order to expand their operations further into Europe. FedEx made an all-cash offer of 8 euros per share to TNT Express, a 33% premium relative to April 2nd's closing price.
Royal Dutch Shell plc (NYSE: RDS) shares slumped on Wednesday after the petroleum giant announced that they will acquire oil and gas exploration firm BG Group in a deal worth approximately billion. The acquisition will form the world's largest independent producer of liquefied natural gas and will increase the company's oil and gas reserves by 25%.
April 10, 2015 Weekly Stock Market Wrap-up:
Tesla Motors Inc. (NASDAQ: TSLA)
UniQure N.V. (NASDAQ: QURE)
Herbalife Ltd. (NYSE: HLF)
FedEx Corporation (NYSE: FDX)
Royal Dutch Shell plc (NYSE: RDS)
Business News – Financial News – Stock Exchange – New York Stock Exchange — Wall Street — Market News 2015
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