Daily News

Source: BNN Bloomberg February 04, 2023

Opportunities in luxury retail: Three hot picks from John San Marco

One portfolio manager sees opportunities in the luxury retail space as high-income consumers continue to enjoy excess savings.  Speaking with BNN Bloomberg's Amber Kanwar on Friday, John San Marco, a portfolio manager at Neuberger Berman, said that the dat...

Source: BNN Bloomberg February 04, 2023

TSX recap: Index rebounds to close slightly higher

Canada's main stock index managed a slight gain on a day that saw markets swing notably following the release of better-than-expected jobs data in the U.S., which left markets in the U.S. down by day end as investors plan for more rate hikes ahead. The S&P...

Source: BNN Bloomberg February 04, 2023

U.S. stocks post weekly gain with focus on Fed, profits

U.S. stocks halted a three-day advance after a volatile Friday session that saw equities swerve between modest gains and losses as investors contended with data pointing to a robust labor market.  The S&P 500 still notched a weekly gain that took the index...

Market Call Source: BNN Bloomberg February 04, 2023

Jordan Zinberg's Top Picks: February 3, 2023

Jordan Zinberg, president and chief executive officer, Bedford Park Capital FOCUS: Canadian small and mid-cap stocks MARKET OUTLOOK: Equity markets have rallied nicely year to date, with some of the hardest-hit sectors of 2022 outperforming so far in...

Source: Financialpost February 04, 2023

Canada's railways defy critics by pulling off one of the biggest grain hauls on record

But not before slow start to moving the bumper crop prompted calls for industry overhaul Canada’s two major railways appear to have caught up with a bumper grain harvest, but not before a slow start triggered demands for an overhaul of transpor...

Company News Source: BNN Bloomberg February 03, 2023

Meta shares soar most since 2013 on Zuckerberg’s vision

Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive. Zuckerberg, who has spent the past year p...

Source: BNN Bloomberg February 03, 2023

Opportunities in lumber stocks: Three hot picks from Daryl Swetlishoff

With lumber prices reaching record highs during the pandemic, one financial expert expects those costs to remain elevated as the industry has learned to remain cash flow positive.    Speaking with BNN Bloomberg's Amber Kanwar on Thursday, Daryl Swetlishoff,...

Source: BNN Bloomberg February 03, 2023

U.S. stocks score best three-day rally since November

U.S. stocks rallied for a third day as traders anticipate the Federal Reserve’s tightening cycle may be nearing its peak.  The tech-heavy Nasdaq 100 was boosted by Meta Platforms Inc.’s biggest surge since 2013, fueled by the company’s earnings and upbeat...

Market Call Source: BNN Bloomberg February 03, 2023

Ryan Bushell's Top Picks: February 2, 2023

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Markets have started the year on a positive note as the hotly anticipated recession remains fashionably late. Much of the posi...

Source: Financialpost February 03, 2023

A single word from the Federal Reserve chair fuels hopes of lower mortgage rates in Canada

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 'The disinflation...