We can’t make too much of one day’s results, but central bankers must have been ghoulishly pleased with Thursday’s equity market action. Weak US economic data, lower commodity prices and falling bond yields are not widely considered positive because they highlight growing risks of a North American recession, but they also signal a potential easing … Read more
Is the stock market now cheap? After the painful declines of the past few months, it may appear so. But appearances can be deceiving. A more realistic view is that Canadian and US stocks have shaken off their pandemic-era silliness and are no longer trading at wildly inflated prices. They still have a way to … Read more
Almost all stocks decline in a bear market, but pipeline companies are doing better than most. The reason is twofold. For starters, global demand for oil and natural gas is keeping their lines full and their pumps working at maximum capacity. There’s no indication this will end soon, even with growing talk of a recession. … Read more
A daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow RBC Capital Markets recently held a global energy conference in New York featuring more than 100 corporate presentations, panels, and keynote speakers. The RBC research team published a recap report Tuesday morning, ” We recognized three themes across our … Read more
What are we looking for? This might be a good time, given market weakness so far this year, for investors to take advantage of some quality names with compelling valuations ahead of the slow summer investing season. My team member Allan Meyer and I thought we would highlight one of our favorite valuation metrics, free-cash-flow-to-enterprise-value, … Read more
Tijana Martin/The Globe and Mail Henry and Clara are in their mid-50s and wondering whether they are financially prepared for their eventual retirement. Henry works for the government, earning about $120,000 a year. Clara is an engineer. “I was let go early in 2020 and it took me six months to find a contract position,” … Read more
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Pictures | LightRocket | Getty Images Lululemon customers so far aren’t balking at higher prices on the retailer’s leggings and sports bras, Chief Executive Officer Calvin McDonald said Thursday. The athletic apparel maker reported fiscal-first quarter profit and revenue that … Read more
An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created … Read more
The interior of an Under Armor store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armor sees a tough year ahead, roiled by global supply chain challenges and another round of Covid lockdowns in China that are putting a dent in demand. The sneaker and apparel maker on … Read more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. An SEC filing shows Oracle co-founder Larry Ellison and investor Ron Baron are among those committing funds. SeaWorld (SEAS) – The … Read more
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