Equities in Canada’s largest centre managed to surmount the closing level of the day before, as energy gain, just managed to overcome weakness in financial and health-care stocks. The TSX gained 10.43 points to close Tuesday to 19,985.35. The Canadian dollar recovered 0.55 cents to 77.18 cents U.S. Financials were in the spotlight for the wrong reasons, as Scotiabank slid $4.26, or 5.3%, to $76.52, while Sun Life dipped $1.12, or 1.9%, to $59.52. In health-care issues, Bausch Health Companies descended 47 cents, or 6.5%, to $6.81, while Aurora Cannabis docked five cents, or 2.7%, to $1.83. In tech companies, Quarterhill lost three cents, or 1.6%, to $1.87, while Shopify ditched $1.10, or 2.6%, to $42.15. Energy stocks tried to even things out, as Precision Drilling hiked $4.06, or 5%, to $85.61, while MEG Energy triumphed 89 cents, or 5.3%, to $17.85. In materials, Lundin Mining picked up 58 cents, or 8.5%, to $7.39, while Hudbay Minerals acquired 51 cents, or 9.5%, to $5.86. Among gold stocks, Equinox Gold advanced 13 cents, or 2.7%, to $5.01, while Iamgold Corporation was seven cents, or 4.3%, to the better, at $1.71.
Gainers: Aemetis (AMTX) +28%. Clean Energy Fuels (CLNE) +21%. Calumet Specialty Products Partners (CLMT) +18%. Losers: IAMGOLD (IAG) -10%
While financial advisors will often bristle at the notion that the equities sector is nothing more than glorified gambling, the phrase does stick with the best penny stocks under $3 to buy in July. Typically, this sector describes publicly traded companies whose shares are priced around $5 or below. Usually, you should stay away from cheap securities because there’s often a reason (and not a good one) why they became that way. If you didn’t get the message the first time, let me state it again: you don’t want to participate in this segment with money you can’t afford to lose. And I want to be absolutely clear about the caveat here, even if we’re discussing the so-called “best penny stocks.” With the warnings out of the way, the intriguing aspect of these highly volatile equities is, in exchange for the risk, you enjoy tremendous reward potential. In other words, for being at the right place at the right time, you might be able to accrue significant profitability from the best penny stocks under $3. 7 Best Dow Stocks to Buy in July Just be super careful with these ideas.
Stocks throughout North America were roughed up in the worst way Monday, as investors showed their apprehension about rising interest rates aimed at taming inflation. The S&P/TSX plummeted 532.26 points, or 2.6%, to close Monday at 19,742.56. The Canadian dollar lost 0.58 cents to 77.56 cents U.S. Cannabis companies proved the biggest losers on the day, with Aurora Cannabis down 18 cents, or 10.2%, to $1.59, while Canopy Growth faded 39 cents, or 8.4%, to $4.25. Gold and other resources took it on the chin Monday, Alamos Gold sank 86 cents, or 8.3%, to $9.53, while IAMGOLD Corp. backed off 32 cents, or 10.8%, to $2.64. Fortuna Silver Mines backpedaled 53 cents, or 11.3%, to $4.15, while K92 Mining lost $1.11, or 11.3%, to $8.76. Canada will announce a multi-million-dollar investment on Monday to make the Jansen potash mine run by the globe''s largest listed miner, BHP Group, "the cleanest and most sustainable in the world," a government source said. ON BAYSTREET The TSX Venture Exchange was hammered 32.8 points, or 4.7%, to 671.90.
FinancialNewsMedia.com News Commentary PALM BEACH, Fla. , June 8, 2022 /PRNewswire/ -- Gold always seems to be projected in the long term irrespective of short-term ups and downs. For example, Gold prices hit an all-time high in 2020 as the coronavirus pandemic wreaked havoc and the resulting uncertainty supported the precious metal but it has fallen and risen since then. Here is what expert analysts see what 2025 will look like. An article in Market Realist discussed where it would be in 2025. It said: "Fed Chair Jerome Powell indicated that the U.S. job market still has some way to go on the recovery path. Therefore, it might be some time before the Fed starts tightening again. Lower interest rates and a dovish monetary policy are usually positive for gold prices. According to the consensus compiled by S&P Global, the price prediction for gold by 2025 is $1,675.7 per ounce. This is 8 percent lower than the prediction for 2022, which is $1,812.4 per ounce. The improving risk appetite and prospects of stimulus tapering down the line have capped the upgrades of gold going forward.
Stocks in Canada’s main market were driven lower on Friday as upbeat U.S. jobs data deepened concerns of more interest rate hikes. The S&P/TSX had lost 216.74 points, or 1%, by noon to 20,815.07. The Canadian dollar dipped 0.03 cents to 79.52 cents U.S. Cannabis concerns proved the main agent of the demise, as Canopy Growth flopped 41 cents, or 6.9%, to $5.51, while rival Tilray faltered 30 cents, or 5.4%, to $5.28. In tech stocks, Docebo fell $2.74, or 6.3%, to $40.81, while Shopify stumbled $45.48, or 9.1%, to $455.66. In gold stocks, Alamos Gold dulled in price 51 cents, or 4.8%, to $10.09, while IAMGOLD Corporation demurred 12 cents, or 4%, to $2.90. ON BAYSTREET The TSX Venture Exchange lurched lower 8.51 points, or 1.2%, to 719.96. All 12 TSX subgroups were down midday, as health-care subsided 3.3%, information technology slouched 3.1%, and gold dropped 2.2%. ON WALLSTREET U.S. stocks slid Friday as investors digested a stronger-than-expected jobs report and its implication for monetary policy going forward.
The drought ended this week for equities in Canada’s largest centre, with indexes powering ahead for the most part, with tech and real-estate prominently in the winners’ circle. The S&P/TSX hiked 216.4 points, or 1.1%, to close Friday and a shortened week at 20,748.58. The index advanced more than 550 points, or 2.7% on the week. Markets were closed Monday in Canada for Victoria Day. The Canadian dollar gained 0.33 cents to 78.61 cents U.S. Tech stocks led the charge, with BlackBerry pointing higher 57 cents, or 7.4%, to $8.32, while HUT 8 Mining captured 21 cents, or 7.1%, to $3.17. Real-estate stocks shone as well, with FirstService towering $5.61, or 3.7%, to $159.37, while Altus Group climbed $1.39, or 3.1%, to $45.87. In industrials, Lifeworks jumped $1.17, or 7.1%, to $17.67, while Ballard Power Systems grabbed 55 cents, or 6%, to $9.94. Cannabis stocks got clobbered, though, Aurora Cannabis was bruised $1.30, or 37.5%, to $2.17, while rival Canopy Growth fell 87 cents, or 12.2%, to $6.25.
Companies Reporting Before The Bell • Chicago Atlantic Real (NASDAQ: REFI ) is projected to report earnings for its first quarter. • Archer Aviation (NYSE: ACHR ) is likely to report earnings for its first quarter. • X4 Pharmaceuticals (NASDAQ: XFOR ) is projected to report quarterly loss at $0.61 per share on revenue of $120.00 thousand. • First Industrial Realty (NYSE: FR ) is projected to report earnings for its first quarter. • Berkshire Grey (NASDAQ: BGRY ) is estimated to report quarterly loss at $0.13 per share on revenue of $4.23 million. • Matinas BioPharma Hldgs (AMEX: MTNB ) is likely to report earnings for its first quarter. • KT (NYSE: KT ) is likely to report earnings for its first quarter. • Crescent Point Energy (NYSE: CPG ) is projected to report quarterly earnings at $0.25 per share on revenue of $693.53 million. • ironSource (NYSE: IS ) is estimated to report quarterly earnings at $0.03 per share on revenue of $183.58 million. • Aemetis (NASDAQ: AMTX ) is expected to report earnings for its first quarter.