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
SNC Lavalin (TSX:SNC) shareholders have been through a whirlwind. Mired in legal battles over accusations of bribery, contract disputes and forced to pull out of one of its best growth markets (Saudi), it hasn’t been a good year for the company.Over the past year, its value has been more than halved and its share price is down 41% in 2019. Whereas some view this as a buying opportunity, there are just too many uncertainties. The risk to reward profile just isn’t attractive.This point was … [Read more...] about More Shakeups at SNC Lavalin (TSX:SNC)
It’s been a rough go for gold investors and Canadian gold stocks over the past number of years.After gold’s meteoric rise through mid-2011, its subsequent crash decimated the sector. Since reaching its high in September 2011, the TSX Gold Index hit a multi-year low in 2015 and lost approximately 70% of its value. During the gold rush, gold companies became unhinged, making poor financial management decisions. As such, they … [Read more...] about Canadian Gold Stocks – 10 Of The Best In 2019