Market Weekly: Apr 23 Apr 27 2018

Viewing 15 posts - 31 through 45 (of 50 total)
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  • #16364

    a GREAT DAY in markets with DOW up +300 points … thanking the TWO O’CLOCK club for a great afternoon RALLY

    #16366
    Assistanc3
    Participant

    A series of explosions and fires rocked the Husky Energy oil refinery in Superior Thursday, sending a black plume of acrid smoke across the city and sending several people to local hospitals.

    At least 11 people were confirmed injured in hospitals in Duluth and Superior, one with a serious blast injury, Essentia Health and St. Luke’s hospital officials reported.

    No details were available on the extent of refinery damage or what caused the initial explosion which occurred just after 10 a.m. But a second, larger fire erupted just after noon with multiple explosions, sending another thick, black cloud for miles.

    #16367
    Assistanc3
    Participant

    Fairfax Financial Holdings’ president says its plans for Toys “R” Us are not limited to Canada, as it is exploring options to keep a foothold in the U.S.

    Paul Rivett says the Toronto-based company, whose $300-million stalking horse offer for the Canadian subsidiary of the toy retailer was approved in a U.S. court this week, is looking at pods of stores in the U.S. it can potentially invest in.

    The acquisition by Fairfax ends the uncertainty looming over Toys “R” Us Canada after it filed for creditor protection in September, and its U.S. division sought bankruptcy protection.

    #16368

    [color=purple][b]^^^ +3s … yes, we are at a yearly high of $545 at the “home office” (as I work in one of holding companies)
    as the Warren Buffet of CANADA is indeed a financial legend 8)[/b][/color]
    https://finance.yahoo.com/quote/FRFHF

    #16370
    Assistanc3
    Participant

    Initial Jobless Claims -24K at 209K vs. 230K consensus, 233K prior (revised).
    Continuous Claims: -29K at 1.837M vs. 1.866M.

    March Durable Goods: +2.6% vs. +1.6% expected, +3.5% (revised from +3.0%) prior.
    Core durable goods: +0.0% vs. +0.5% expected, +0.9% (revised from +1.0%) prior.

    March International trade in goods: -$68.0B vs. -74.5B consensus and -$75.9B prior (revised).
    Imports: $208.1B
    Exports: $140.1B

    Wholesale Inventories: +0.5% (Prel) M/M to $628.8B in-line with consensus, +0.7% in Feb; +5.8% Y/Y.

    Retail Inventories: -0.4% in April vs. +0.4% prior.

    April Kansas City Fed Composite Index: +26, vs. +17 consensus, +17 prior.
    Manufacturing Index +33 vs. +20 prior.

    Bloomberg Consumer Comfort Index fell to 57.5 for the week ending on April 22 after a reading of 58.1 a week ago.
    The State of the Economy index increased to 57.9 from 57.3.
    The Personal Finance index dropped to 64.3 from 65.9.
    The Buying Climate index retreated to 50.2 from 51.1.

    #16373
    Assistanc3
    Participant

    At the close
    Dow +1.00% to 24,324.83. S&P +1.15% to 2,669.40. Nasdaq +1.64% to 7,118.74.

    #16374
    Assistanc3
    Participant

    $AMZN Revenue of $51.04B (+42.9% YoY) beats by $1.1B

    $INTC Revenue of $16.1B (+8.8% YoY) beats by $1.02B

    $MSFT Revenue of $26.82B (+15.6% YoY) beats by $1.05B

    #16375

    SUPER GREEN — WALL STREET BULLS are now celebrating at the nearest watering hole 8) 8)

    #16376

    [b][color=limegreen]and nice finish for CANADA also 8)
    as they usually trek their cousins — the good old USA[/color] 🙂
    http://www.indexq.org/index/SPTSX.php[/b]

    #16378
    Assistanc3
    Participant

    Bank of Canada Governor Stephen Poloz said on Wednesday the economy was “finally positive” after a long adjustment to a sharp fall in oil prices, but he added there was still softness in several areas of the country.

    Poloz also told the Senate’s banking committee that while interest rates would go up from their current low levels, moving too quickly could create a financial stability risk.

    The largest percentage gainer on the TSX was Stantec Inc., which rose $1.27, or 4%, to $33.02 after the company initiated a strategic review of construction services provider MWH Constructors, a part of its company.

    BlackBerry climbed 28 cents, or 2.1%, to $13.58.

    In telecoms, BCE gained 55 cents, or 1%, to $54.68, while Rogers Communications roared ahead 86 cents, or 1.4%, to $61.53.

    Toronto-Dominion Bank gained 93 cents, or 1.3%, to $72.22, and Royal Bank of Canada tacked on 65 cents to $97.26.

    #16385

    [b]Good morning & HAPPY FDIC FRIDAY TO ALL … TGIF 🙂
    MARKETS down by small % … nothing the 2 o’clock club can’t handle after the EU traders go to bed :whistle:
    And A3s alarm clock goes off ;)[/b]

    #16395

    [size=5][color=green][b]SOFT & FLAT LANDING ON HUDSON by Skully and company
    Dow Jones 24,311.19 −11.15 (0.046%)
    S&P 500 2,669.91 +2.97 (0.11%)
    Nasdaq 7,119.80 +1.12 (0.016%)[/b][/color][/size]

    #16396

    TORONTO EXCHANGE goes down & trading halted :woohoo: :woohoo: :woohoo: :woohoo:
    https://www.cnbc.com/2018/04/27/all-trading-on-the-toronto-stock-exchange-is-down-tmx-group-says.html

    #16398
    Assistanc3
    Participant

    the first thing I thought of when it went down was, well CI did mention it yesterday
    [quote=”CautiousInvestor” post=6171]TORONTO EXCHANGE goes down & trading halted :woohoo: :woohoo: :woohoo: :woohoo:
    [/quote]

    and don’t assume for anything longer 24 minutes that it was me, wanting to get an extra long weekend in

    #16399
    Assistanc3
    Participant

    GDP Q1: +2.3% vs. +2.0% consensus, +2.9% in Q4.

    Disposable personal income increased $222.1 billion, or 6.2 percent, in the first quarter, compared with
    an increase of $136.3 billion, or 3.8 percent, in the fourth quarter. Real disposable personal income
    increased 3.4 percent, compared with an increase of 1.1 percent.

    Personal saving was $462.1 billion in the first quarter, compared with $379.8 billion in the fourth
    quarter. The personal saving rate — [color=green][b]personal saving as a percentage of disposable personal income —
    was 3.1 percent[/b][/color] in the first quarter, compared with 2.6 percent in the fourth quarter.

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