Daily News

Market Call Source: BNN Bloomberg May 14, 2022

David Driscoll's Top Picks: May 13, 2022

David Driscoll, president and CEO, Liberty International Investment Management  FOCUS: Global stocks MARKET OUTLOOK: In the past five years, stock markets went up too far, too fast, and became well overvalued. The old axiom, “don’t fight the Fed” has...

Source: BNN Bloomberg May 14, 2022

Crazy markets are shredding Wall Street stock and bond forecasts

Another stormy week has left investors groping when it comes to the direction of stocks and bonds. Expecting to be led out of the darkness by Wall Street’s best and brightest may be asking too much, given their performance so far this year. As usually happ...

Source: BNN Bloomberg May 13, 2022

Stocks close almost flat in session of wild swings

Stocks rebounded sharply in the final hour of trading, with the S&P 500 almost erasing a selloff that pushed it to the brink of a bear market earlier Thursday. The turnaround came as Federal Reserve Bank of San Francisco President Mary Daly told Bloomberg...

Source: BNN Bloomberg May 13, 2022

Apple drops 22% from January peak as tech selloff continues

Apple Inc. shares fell on Thursday, with the stock now about 22 per cent below its January peak as a selloff in technology stocks spreads from more speculative shares to the world’s biggest companies. The stock fell 2.7 per cent to US$142.56 and is trading...

Company News Source: BNN Bloomberg May 13, 2022

WSP Global beats earnings expectations as it locks down large projects

MONTREAL -- WSP Global Inc. secured key project wins across three continents this year, boosting profits and revenue and beating expectations in its first quarter. The Montreal-based engineering firm locked down contracts tied to Ontario's GO Transit rail...

Source: BNN Bloomberg May 13, 2022

Citi strategists see even more losses ahead for growth stocks

Growth stocks, including the battered tech sector, will likely remain under pressure as central banks tighten monetary policy, driving yields higher, according to Citigroup Inc. strategists. “Now that central banks are unwinding monetary support, growth st...

Market Call Source: BNN Bloomberg May 13, 2022

Paul MacDonald's Top Picks: May 12, 2022

Paul MacDonald, chief investment officer and portfolio manager at Harvest Portfolios Group FOCUS: U.S. large cap health care stocks MARKET OUTLOOK: Macro uncertainty remains high driven by persistent inflation, supply chain congestion, heightened g...

Source: BNN Bloomberg May 12, 2022

Stocks slump as Treasury curve flattens after CPI

Stocks slid after data showed that US inflation will remain high for quite some time, adding to concern the Federal Reserve may be forced to unleash further tightening measures that could tip the economy into a recession. Remarks from Fed Bank of Atlanta P...

Source: BNN Bloomberg May 12, 2022

Stock-and-bond rout turns financial clock back to Christmas 2018

Rising interest rates, plummeting stocks and the surging dollar have tightened reins on the economy to a point where the Federal Reserve has previously cried uncle. No such capitulation should be expected this time. Financial conditions, a multi-input meas...

Market Call Source: BNN Bloomberg May 12, 2022

Lorne Steinberg's Top Picks: May 11, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: The war in Ukraine and shutdowns in China are adding to inflationary pressures and supply chain disruption. Both are negat...