It has been a tough couple of years for auto parts company shareholders. Trade wars and tariffs have dominated headlines, with the auto sector being a primary target.As tariffs rise on auto exports, the trickle-down effect of the potential lower demand is hitting Canada’s auto industry hard. On Friday, China announced its intentions to levy tariffs on another $75 billion worth of goods from the United States. Along with that announcement, China also said it will resume duties on … [Read more...] about Auto Parts Stocks Are Being Held Hostage By Trade Wars
In recent years, it is arguable that there has been no better investment on the TSX Index than Shopify (TSX:SHOP). Since going public in 2015, Shopify’s stock has jumped 1,151%! The stock was a mainstay at number one on our list of the top Canadian stocks to buy. To put its stock appreciation into perspective, a $10,000 investment in its stock when it first began trading on the TSX would be worth $115,100 today. Not a bad return in less than five years.In March of this year, the … [Read more...] about What to Make About Shopify’s (TSX:SHOP) Stock Meteoric Rise
After last week’s highly volatile trade action, the TSX Index closed down 1.3%. Given the volatile nature of the markets currently, it is not surprising to see many stocks enter oversold territory. From a technical perspective, a stock is considered oversold when its 14-day relative strength index (RSI) dips below 30. When this happens, there is an opportunity for a short-term bounce.Taking that into account, here are three stocks that closed the week in oversold territory and could be due … [Read more...] about Look For These Three Stocks To Rebound This Week
Well that was disappointing. On Wednesday, the cannabis industry leader - Canopy Growth Corp (TSX:WEED) - posted results that shocked the markets. Not in a good way.The company posted a hefty net loss of $3.70 per share, far more than the $0.41 loss that the market was expecting. Likewise, first quarter revenue of $90.5 million missed by 19% or $21.27 million. Ouch.Despite a 249% jump in revenue year over year, there are already signs of slowing growth. First quarter revenue dropped by … [Read more...] about Is Canopy Growth Corp (TSX:WEED) Still a High-Growth Stock?
It has been a great couple of days for Inter Pipeline (TSX:IPL) shareholders. On Thursday, the company’s stock price jumped almost 9% on rumors that it received a cash takeover bid worth up to $12.4 billion, or $30 per share.The good news didn’t stop there. After the markets closed, Inter Pipeline announced strong second quarter results. The company posted record second-quarter income of $260 million, more than double analysts estimates for net income of $114 million.Earnings of $0.63 … [Read more...] about Inter Pipeline (TSX:IPL) Spikes on Takeover Rumours – Posts Record Earnings
A good way to gage management sentiment is to analyse insider trading activity. Are insiders buying up shares or are they dumping them and subsequently reducing their positions.Although insiders can sell for a wide-variety of reasons, consistent selling could be a bearish indicator. This is especially true if the sells outweigh the number of buys. The other important aspect to remember is that not all insider trading should be treated equal. Part of the problem with several … [Read more...] about Warning: Insider Selling Could Spell Trouble For These Stocks
It hasn’t been a good month for CannTrust (TSX:TRST) shareholders. In early July, the company was caught illegally growing cannabis. Unfortunately, the news just got worse.On Thursday evening, it was announced that the Ontario Securities Commission (OSC) has opened an investigation into the company. The investigation will be in partnership with the RCMP’s Financial Crime Program and the OPP’s Anti-Rackets Branch.This has gone beyond mis-management of production. As new information has … [Read more...] about Stick a Fork in it, CannTrust (TSX:TRST) is Dead Money
Canada’s oil & gas industry has been decimated in recent months. Reminiscent of last year’s dip, the industry is mired in a significant downtrend. Over the past year, the TSX Oil & Gas Index is down 25%! Caught in the cross-hairs, Vermillion Energy (TSX:VET) is down 21% in 2019 and its value has almost been halved in the past year. At this time last year, the company was trading at $44.78 per share. Today it is touching 52-week lows around $23 per … [Read more...] about Is Vermillion Energy’s (TSX:VET) Dividend at Risk?
We are in the midst of one of the busiest periods of the earnings season. Yesterday, some of the largest technology companies in the world such as Intel Corp (NASDAQ:INTC) and Alphabet (NASDAQ:GOOG) reported earnings that topped expectations.Not to be outdone, there are two Canadian companies who have a strong history of dividend growth that topped analysts estimates yesterday. This bodes well not only for the company’s stock price, but future dividend growth. Aecon Group (ARE.TO) An … [Read more...] about Strong Earnings is a Great Sign for These Dividend Growth Stocks
Here we go again. Late yesterday, reports emerged that CannTrust (TSX:TRST) senior leaders were fully aware that the company was operating illegal growing operations.Unfortunately, this is contrary to the initial reactions from management when the story first broke a couple of weeks ago. As a reminder, CannTrust has been accused of growing marijuana in un-licensed rooms, intentionally mis-leading Health Canada officials and devising elaborate schemes to keep their illegal grow ops out of the … [Read more...] about CannTrust (TSX:TRST) – Another Bombshell Drops