Roger Biduk;
Toronto's S&P/TSX composite index closed 69.5 points higher to 8,629.1, up for a seventh session in a row and rising 15 per cent during that time.
The TSX Venture Exchange was ahead 12.59 points to 865.71.
The CDN$ also turned positive, up 1.43 cents to 80.24 cents US as the American currency weakened following the Fed announcement. It surged as high as 80.45 cents US.
As I’ve been saying for the last two weeks, the bear market rally’s here and is being led by the financials.
ETF’s in the financial sector in Canada & the U.S. have gone through the roof.
If you’re unfortunately just sitting in mutual funds or are with an advisor that doesn’t (or can’t) trade your account up to several times a day you probably haven’t noticed much, especially if you’re not in the right industry sector.
It’s been an incredible, volatile market and a great trading market to make money. In many cases I’ve been trading the same stock or ETF several times a day in the same client accounts and the profits have been incredible.
It should be the same as the market soon becomes overbought and profit-taking comes in to drive the market lower. That’s the time to buy leveraged ETFs that soar as the markets tank.
The Toronto rally has been especially beneficial for the financial sector (as you know the only sector I’ve been recommending but others are starting to also look good), which has soared 29.4 per cent over the last seven sessions.
The S&P/TSX Capped Financial Index gained 1.23%.
Global Uranium Fund Inc. (GUR) +22.29% to $2.14. Homburg Invest Inc. (HII.B) +21.50% to $7.29. Global 45 Split Corp. (GFV) +15.20% to $2.88. Copernican World Banks Split I (CBW.PR.A) +14.34% to $2.95. US Financial 15 Split Corp. (FTU.PR.A) +13.67% to $3.41.
EnerVest Energy&Oil Sands Tota (EOS.UN) -9.77% to $3.51. Kingsway Financial Services In (KFS) -9.42% to $2.50. Alaris Royalty Corp. (AD) -9.09% to $4.50. Dividend Growth Split Corp. (DGS.PR.A) -8.98% to $8.01. Connor, Clark & Lunn Global Fi (GFT.UN) -7.09% to $3.93.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange lost 2.07% to $48.14 and natural gas sank 3.17% to $3.81 as the S&P/TSX Energy Index dropped 2.05%.
West Energy Ltd. (WTL) +10.70% to $2.38. North American Energy Partners (NOA) +10.53% to $3.15. Pacific Rubiales Energy Corp. (PRE) +7.65% to $5.49. Crew Energy Inc. (CR) +6.92% to $3.71. Addax Petroleum Corporation (AXC) +6.43% to $27.64.
Verenex Energy Inc. (VNX) -9.87% to $8.40. Calfrac Well Services Ltd. (CFW) -6.41% to $6.57. Suncor Energy Inc. (SU) -6.17% to $31.20.
Libya's National Oil Company says it will buy Canada's Verenex Energy Inc., (TSX:VNX), matching a US$394-million dollar bid by a subsidiary of the China National Petroleum Corp, although the Calgary company says it hasn't been able to confirm the report. Verenex has operations in Libya's Area-47, a region estimated to hold roughly 2.15 billion barrels in crude oil reserves. Its shares dropped 92 cents to C$8.40.
The S&P/TSX Global Gold Index soared 8.91% even though the April bullion contract in New York tanked $27.70 to US$889.10 an ounce.
Allied Nevada Gold Corp. (ANV) +16.00% to $6.09. US Gold Corporation (UXG) +15.96% to $2.47. Vista Gold Corp. (VGZ) +14.85% to $2.32. Kinross Gold Corporation (K.WT.B) +12.32% to $3.10. Minefinders Corporation Ltd. (MFL.WT) +11.76% to $4.750.
Silver Wheaton Corp. (SLW) +11.29% to $8.97. Red Back Mining Inc. (RBI) +9.95% to $7.18. Pan American Silver Corp. (PAA) +8.21% to $19.63. Forsys Metals Corp. (FSY) +6.89% to $3.26.
Quadra Mining Ltd. (QUA) -5.43% to $4.70.
Allied Nevada Gold Corp. (TSX:ANV), which is working to get the Hycroft project into commercial production, says its annual net loss increased last year to US$79.6 million, up from $11.3 million in 2007. The company reported no revenues for last year or the prior year and its shares rose 84 cents at $6.09.
Roger Biduk;
The S&P/TSX Capped Utilities Index gained .58%.
The S&P/TSX Consumer Discretionary Index was 1.75% higher and the S&P/TSX Consumer Staples Index gained 1.07%.
ZCL Composites Inc. (ZCL) +11.99% to $4.95. Gildan Activewear Inc. (GIL) +5.85% to $9.95.
Linamar Corporation (LNR) -8.70% to $2.10.
In Canadian economic news, wholesale sales declined 4.2 per cent to $41.1 billion in January. Statistics Canada said the drop was due largely to lower activity in the automotive products sector.
S&P/TSX Capped Diversified Metals & Mining Index was lower by .13% as aluminum gained .80%, copper dropped .44% and silver was 5.80% lower to $11.94.
Shares in Timminco Ltd. (TSX:TIM) slipped nine cents to $2.26 after it said Tuesday it will temporarily cut jobs and reduced production of silicon due to difficult market conditions and reduced demand.
S&P/TSX Capped Industrial Index rose .63%.
The S&P/TSX Capped Health Care Index was lower by 2.79%.
In the service sector:
Altus Group Income Fund (AIF.UN) +14.16% to $6.45. Mullen Group Income Fund (MTL.UN) +8.31% to $10.82. Transcontinental Inc. (TCL.A) +6.38% to $6.50. Empire Company Ltd. (EMP.A) +5.34% to $53.09. MacDonald, Dettwiler and Assoc (MDA) +5.05% to $23.32.
The S&P/TSX Capped Information Technology Index gained 1.29% and the S&P/TSX Capped Telecom Services Index lost .29%.
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Wednesday, March 18, 2009
Tuesday, March 17, 2009
Roger Biduk; Financials Lead Bay Street Higher Again
Roger Biduk;
I wrote last week about the financial sector being oversold and should lead a bear-market rally much higher.
Well, congratulations to my clients for storming into the sector, buying ETFs that brought back returns over the last week that people usually only dream of.
The Toronto stock market roared ahead to a sixth consecutive session of solid gains as investors continued to snap up financial stocks while the energy sector also made a big contribution as crude approached the US$50 a barrel level.
Toronto's S&P/TSX composite index closed up 172.89 points to 8,559.6, adding up to a 13 per cent surge over six days. The financial sector is up more than 28 per cent over that time.
The TSX Venture Exchange advanced 5.8 points to 853.12.
The Canadian dollar climbed 0.29 cent to 78.81 cents U.S. amid data showing manufacturing sales fell during January to the lowest level in almost 10 years, reflecting continued deterioration in the auto industry.
Roger Biduk;
Statistics Canada said sales dropped 5.4 per cent to $41.7 billion as motor vehicle and motor vehicle parts industries, particularly in Ontario, reported record decreases during the month.
Excluding motor vehicles and parts and accessories, manufacturing sales decreased a more moderate 1.2 per cent compared with December.
The S&P/TSX Capped Financial Index gained 2.42%
DiversiTrust Energy Income Fun (DTN.UN) +15.97% to $3.05. Home Capital Group Inc. (HCG) +10.96% to $23.79. Canadian Oil Sands Trust (COS.UN) +9.36% to $25.93. ARC Energy Trust (AET.UN) +9.11% to $14.37. Baytex Energy Trust (BTE.UN) +8.81% to $14.69.
Canadian Real Estate Investmen (REF.UN) -7.74% to $20.15.
S&P/TSX Capped Diversified Metals & Mining Index higher by .81% as aluminum was flat, copper dropped 1.32% and silver was 1.71% lower to $12.67.
Sherritt International Corpora (S) +17.84% to $2.51. Quadra Mining Ltd. (QUA) +11.69% to $4.97.
Forsys Metals Corp. (FSY) -14.57% to $3.05. Timminco Limited (TIM) -8.56% to $2.35. Red Back Mining Inc. (RBI) -5.09% to $6.53.
Roger Biduk;
S&P/TSX Capped Industrial Index rose .53%.
ATS Automation Tooling Systems (ATA) +6.99% to $3.98.
Newalta Inc. (NAL) -6.93% to $2.82.
The S&P/TSX Capped Utilities Index gained 1.58%.
The April crude contract on the New York Mercantile Exchange gained 3.82% to $49.16 and natural gas lost .99% to $3.81 as the S&P/TSX Energy Index jumped 4.07%.
Oil was higher even after OPEC decided during the weekend not to cut production to support prices.
Breaker Energy Ltd. (WAV) +13.17% to $2.75. Eveready Inc. (EIS) +12.45% to $2.62. Trinidad Drilling Ltd. (TDG) +7.96% to $2.44. Crew Energy Inc. (CR) +7.10% to $3.47. Bonavista Energy Trust (BNP.UN) +6.35% to $15.40.
The S&P/TSX Global Gold Index lost 1.82% as the April bullion contract in New York dropped $5.20 to US$916.80 an ounce.
Gabriel Resources Ltd. (GBU) +7.87% to $2.88. Queenston Mining Inc. (QMI) +5.73% to $3.69.
Kirkland Lake Gold Inc. (KGI) -7.29% to $5.72. NovaGold Resources Inc (NG) -5.56% to $2.89.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 1.32% higher and the S&P/TSX Consumer Staples Index lost .39%.
The S&P/TSX Capped Health Care Index was higher by .55%.
Cangene Corporation (CNJ) +8.46% to $4.36.
In the service sector:
Tri-White Corporation (TWH) +10.53% to $5.25. Mullen Group Income Fund (MTL.UN) +9.78% to $9.99. Sears Canada Inc. (SCC) +6.86% to $19.46. Trimac Income Fund (TMA.UN) +6.67% to $2.40.
The S&P/TSX Capped Information Technology Index gained 1.69% and the S&P/TSX Capped Telecom Services Index was 1.84% higher.
Research in Motion Limited (RIM) +6.43% to $52.99.
5N Plus Inc. (VNP) -6.73% to $4.85.
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I wrote last week about the financial sector being oversold and should lead a bear-market rally much higher.
Well, congratulations to my clients for storming into the sector, buying ETFs that brought back returns over the last week that people usually only dream of.
The Toronto stock market roared ahead to a sixth consecutive session of solid gains as investors continued to snap up financial stocks while the energy sector also made a big contribution as crude approached the US$50 a barrel level.
Toronto's S&P/TSX composite index closed up 172.89 points to 8,559.6, adding up to a 13 per cent surge over six days. The financial sector is up more than 28 per cent over that time.
The TSX Venture Exchange advanced 5.8 points to 853.12.
The Canadian dollar climbed 0.29 cent to 78.81 cents U.S. amid data showing manufacturing sales fell during January to the lowest level in almost 10 years, reflecting continued deterioration in the auto industry.
Roger Biduk;
Statistics Canada said sales dropped 5.4 per cent to $41.7 billion as motor vehicle and motor vehicle parts industries, particularly in Ontario, reported record decreases during the month.
Excluding motor vehicles and parts and accessories, manufacturing sales decreased a more moderate 1.2 per cent compared with December.
The S&P/TSX Capped Financial Index gained 2.42%
DiversiTrust Energy Income Fun (DTN.UN) +15.97% to $3.05. Home Capital Group Inc. (HCG) +10.96% to $23.79. Canadian Oil Sands Trust (COS.UN) +9.36% to $25.93. ARC Energy Trust (AET.UN) +9.11% to $14.37. Baytex Energy Trust (BTE.UN) +8.81% to $14.69.
Canadian Real Estate Investmen (REF.UN) -7.74% to $20.15.
S&P/TSX Capped Diversified Metals & Mining Index higher by .81% as aluminum was flat, copper dropped 1.32% and silver was 1.71% lower to $12.67.
Sherritt International Corpora (S) +17.84% to $2.51. Quadra Mining Ltd. (QUA) +11.69% to $4.97.
Forsys Metals Corp. (FSY) -14.57% to $3.05. Timminco Limited (TIM) -8.56% to $2.35. Red Back Mining Inc. (RBI) -5.09% to $6.53.
Roger Biduk;
S&P/TSX Capped Industrial Index rose .53%.
ATS Automation Tooling Systems (ATA) +6.99% to $3.98.
Newalta Inc. (NAL) -6.93% to $2.82.
The S&P/TSX Capped Utilities Index gained 1.58%.
The April crude contract on the New York Mercantile Exchange gained 3.82% to $49.16 and natural gas lost .99% to $3.81 as the S&P/TSX Energy Index jumped 4.07%.
Oil was higher even after OPEC decided during the weekend not to cut production to support prices.
Breaker Energy Ltd. (WAV) +13.17% to $2.75. Eveready Inc. (EIS) +12.45% to $2.62. Trinidad Drilling Ltd. (TDG) +7.96% to $2.44. Crew Energy Inc. (CR) +7.10% to $3.47. Bonavista Energy Trust (BNP.UN) +6.35% to $15.40.
The S&P/TSX Global Gold Index lost 1.82% as the April bullion contract in New York dropped $5.20 to US$916.80 an ounce.
Gabriel Resources Ltd. (GBU) +7.87% to $2.88. Queenston Mining Inc. (QMI) +5.73% to $3.69.
Kirkland Lake Gold Inc. (KGI) -7.29% to $5.72. NovaGold Resources Inc (NG) -5.56% to $2.89.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 1.32% higher and the S&P/TSX Consumer Staples Index lost .39%.
The S&P/TSX Capped Health Care Index was higher by .55%.
Cangene Corporation (CNJ) +8.46% to $4.36.
In the service sector:
Tri-White Corporation (TWH) +10.53% to $5.25. Mullen Group Income Fund (MTL.UN) +9.78% to $9.99. Sears Canada Inc. (SCC) +6.86% to $19.46. Trimac Income Fund (TMA.UN) +6.67% to $2.40.
The S&P/TSX Capped Information Technology Index gained 1.69% and the S&P/TSX Capped Telecom Services Index was 1.84% higher.
Research in Motion Limited (RIM) +6.43% to $52.99.
5N Plus Inc. (VNP) -6.73% to $4.85.
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Monday, March 16, 2009
Roger Biduk; Five in a Row for Bay Street.
Roger Biduk;
The Toronto stock market again rallied Monday with gains again led by banks and insurance companies as fresh hopes the recession could end during 2009 extended sharp gains to a fifth day.
Toronto's S&P/TSX composite index gave up more than half of early gains but still closed up 83.32 points to 8,386.71 after a string of good news from the American financial sector pushed the main index almost 10 per cent higher last week.
The TSX Venture Exchange was off 1.65 points to 847.32.
The Canadian dollar dipped 0.07 cent to 78.52 cents US amid further indications of a rapidly slowing economy.
Statistics Canada reported that industries operated at 74.7 per cent of their capacity in the fourth quarter of 2008, down from 78.1 in the third quarter and the lowest capacity utilization rate since the federal agency began keeping records in 1987.
The agency said the fourth-quarter decline was driven mainly by weak domestic and foreign demand for manufactured goods.
Roger Biduk;
The S&P/TSX Capped Financial Index gained 2.32%.
Homburg Invest Inc. (HII.A) +21.74% to $7.00. Dundee Corporation (DC.A) +18.18% to $5.33. Life & Banc Split Corp. (LBS) +17.79% to $4.70. Canadian Life Companies Split (LFE) +17.43% to $2.83. Copernican World Banks Split I (CBW.PR.A) +17.27% to $2.58.
Hopes that an early end to the recession would boost commodity prices sent the S&P/TSX Capped Diversified Metals & Mining Index higher by 4.69% as aluminum gained .81%, copper jumped 4.96% higher and silver dropped 2.46% to $13.22.
Ivanhoe Mines Ltd. (IVN) +12.08% to $5.94. Athabasca Potash Inc. (API) +7.88% to $2.19.
Uranium One Inc. (TSX:UUU) had a net loss of US$258.8 million in its fourth quarter, capping off a year of major losses as the company wrote down mineral interests, plants and equipment. Its shares were down one cent to $2.24.
Industrials were also strong as the S&P/TSX Capped Industrial Index rose 2.25%.
Churchill Corporation (The) (CUQ) +10.13% to $7.50. Bombardier Inc. (BBD.B) +5.76% to $2.94. ATS Automation Tooling Systems (ATA) +5.68% to $3.72.
Sino-Forest Corporation (TRE) -6.53% to $8.02.
Roger Biduk;
The energy sector participated in the upsurge after crude prices reversed course, rising one per cent as the April crude contract on the New York Mercantile Exchange gained $1.10 to US$47.35 a barrel. Prices went as low as US$43.62 during the morning in the wake of OPEC's weekend decision to maintain production at current levels. EnCana Corp. (TSX:ECA) rose 46 cents to $50.05 while Canadian Oil Sands Trust (TSX:COS.UN) gained 93 cents to $23.71.
Crescent Point Energy Trust (TSX:CPG.UN) units fell 10 cents to $24.48 after it reported fourth-quarter net income of $361.4 million on record quarterly production, compared to a year-earlier loss of $90.3 million.
The gold sector was the only major decliner. The S&P/TSX Global Gold Index lost 1.64% as the April bullion contract in New York slumped $8.10 to US$922.00 an ounce.
Minefinders Corporation Ltd. (MFL.WT) +23.88% to $4.15. Imperial Metals Corporation (III) +15.91% to $2.55. Greystar Resources Ltd. (GSL) +14.56% to $3.54. Gabriel Resources Ltd. (GBU) +6.80% to $2.67. Kirkland Lake Gold Inc. (KGI) +6.75% to $6.17.
Keegan Resources Inc. (KGN) -9.39% to $2.22. US Gold Corporation (UXG) -7.50% to $2.22. Alamos Gold Inc. (AGI) -5.49% to $7.75.
The S&P/TSX Capped Utilities Index gained .53%.
The S&P/TSX Consumer Discretionary Index was 1.96% higher and the S&P/TSX Consumer Staples Index gained .21%.
Linamar Corporation (LNR) -9.62% to $2.35.
Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 1.81%.
Cangene Corporation (CNJ) -13.55% to $4.02.
In the service sector:
Forzani Group Ltd. (The) (FGL) +10.04% to $8.66. MacDonald, Dettwiler and Assoc (MDA) +8.73% to $21.42. TransForce Inc. (TFI) +7.57% to $3.98. Transat A.T. Inc (TRZ.A) +7.51% to $6.87. ACE Aviation Holdings Inc. (ACE.A) +7.30% to $6.32.
Shares in convenience store chain Alimentation Couche-Tard (TSX:ATD.B) rose 15 cents to $13.12 after it reported that third-quarter profits surged 40.8 per cent to $71.1 million despite lower U.S. fuel sales.
Transcontinental Inc. (TCL.A) -7.67% to $6.02. Cargojet Income Fund (CJT.UN) -7.20% to $2.32.
The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
Aastra Technologies Limited (AAH) +5.70% to $19.66. March Networks Corporation (MN) +5.61% to $2.26. RuggedCom Inc. (RCM) +5.46% to $21.44. SXC Health Solutions Corp. (SXC) +5.23% to $27.15.
Shares in Rogers Communications Inc. (TSX:RCI.B) were up 84 cents to $29.13 following a report that Nadir Mohamed will become the next CEO, elevating the long-time telecom executive to the position left open by the death of Ted Rogers.
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The Toronto stock market again rallied Monday with gains again led by banks and insurance companies as fresh hopes the recession could end during 2009 extended sharp gains to a fifth day.
Toronto's S&P/TSX composite index gave up more than half of early gains but still closed up 83.32 points to 8,386.71 after a string of good news from the American financial sector pushed the main index almost 10 per cent higher last week.
The TSX Venture Exchange was off 1.65 points to 847.32.
The Canadian dollar dipped 0.07 cent to 78.52 cents US amid further indications of a rapidly slowing economy.
Statistics Canada reported that industries operated at 74.7 per cent of their capacity in the fourth quarter of 2008, down from 78.1 in the third quarter and the lowest capacity utilization rate since the federal agency began keeping records in 1987.
The agency said the fourth-quarter decline was driven mainly by weak domestic and foreign demand for manufactured goods.
Roger Biduk;
The S&P/TSX Capped Financial Index gained 2.32%.
Homburg Invest Inc. (HII.A) +21.74% to $7.00. Dundee Corporation (DC.A) +18.18% to $5.33. Life & Banc Split Corp. (LBS) +17.79% to $4.70. Canadian Life Companies Split (LFE) +17.43% to $2.83. Copernican World Banks Split I (CBW.PR.A) +17.27% to $2.58.
Hopes that an early end to the recession would boost commodity prices sent the S&P/TSX Capped Diversified Metals & Mining Index higher by 4.69% as aluminum gained .81%, copper jumped 4.96% higher and silver dropped 2.46% to $13.22.
Ivanhoe Mines Ltd. (IVN) +12.08% to $5.94. Athabasca Potash Inc. (API) +7.88% to $2.19.
Uranium One Inc. (TSX:UUU) had a net loss of US$258.8 million in its fourth quarter, capping off a year of major losses as the company wrote down mineral interests, plants and equipment. Its shares were down one cent to $2.24.
Industrials were also strong as the S&P/TSX Capped Industrial Index rose 2.25%.
Churchill Corporation (The) (CUQ) +10.13% to $7.50. Bombardier Inc. (BBD.B) +5.76% to $2.94. ATS Automation Tooling Systems (ATA) +5.68% to $3.72.
Sino-Forest Corporation (TRE) -6.53% to $8.02.
Roger Biduk;
The energy sector participated in the upsurge after crude prices reversed course, rising one per cent as the April crude contract on the New York Mercantile Exchange gained $1.10 to US$47.35 a barrel. Prices went as low as US$43.62 during the morning in the wake of OPEC's weekend decision to maintain production at current levels. EnCana Corp. (TSX:ECA) rose 46 cents to $50.05 while Canadian Oil Sands Trust (TSX:COS.UN) gained 93 cents to $23.71.
Crescent Point Energy Trust (TSX:CPG.UN) units fell 10 cents to $24.48 after it reported fourth-quarter net income of $361.4 million on record quarterly production, compared to a year-earlier loss of $90.3 million.
The gold sector was the only major decliner. The S&P/TSX Global Gold Index lost 1.64% as the April bullion contract in New York slumped $8.10 to US$922.00 an ounce.
Minefinders Corporation Ltd. (MFL.WT) +23.88% to $4.15. Imperial Metals Corporation (III) +15.91% to $2.55. Greystar Resources Ltd. (GSL) +14.56% to $3.54. Gabriel Resources Ltd. (GBU) +6.80% to $2.67. Kirkland Lake Gold Inc. (KGI) +6.75% to $6.17.
Keegan Resources Inc. (KGN) -9.39% to $2.22. US Gold Corporation (UXG) -7.50% to $2.22. Alamos Gold Inc. (AGI) -5.49% to $7.75.
The S&P/TSX Capped Utilities Index gained .53%.
The S&P/TSX Consumer Discretionary Index was 1.96% higher and the S&P/TSX Consumer Staples Index gained .21%.
Linamar Corporation (LNR) -9.62% to $2.35.
Roger Biduk;
The S&P/TSX Capped Health Care Index was higher by 1.81%.
Cangene Corporation (CNJ) -13.55% to $4.02.
In the service sector:
Forzani Group Ltd. (The) (FGL) +10.04% to $8.66. MacDonald, Dettwiler and Assoc (MDA) +8.73% to $21.42. TransForce Inc. (TFI) +7.57% to $3.98. Transat A.T. Inc (TRZ.A) +7.51% to $6.87. ACE Aviation Holdings Inc. (ACE.A) +7.30% to $6.32.
Shares in convenience store chain Alimentation Couche-Tard (TSX:ATD.B) rose 15 cents to $13.12 after it reported that third-quarter profits surged 40.8 per cent to $71.1 million despite lower U.S. fuel sales.
Transcontinental Inc. (TCL.A) -7.67% to $6.02. Cargojet Income Fund (CJT.UN) -7.20% to $2.32.
The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
Aastra Technologies Limited (AAH) +5.70% to $19.66. March Networks Corporation (MN) +5.61% to $2.26. RuggedCom Inc. (RCM) +5.46% to $21.44. SXC Health Solutions Corp. (SXC) +5.23% to $27.15.
Shares in Rogers Communications Inc. (TSX:RCI.B) were up 84 cents to $29.13 following a report that Nadir Mohamed will become the next CEO, elevating the long-time telecom executive to the position left open by the death of Ted Rogers.
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Saturday, March 14, 2009
Roger Biduk; Four in a Row For Bay Street
Roger Biduk;
Stock markets enjoyed another positive session Friday, stretching a remarkable buying spree in Toronto and New York to four days, largely fuelled by good news from the financial sector.
While it certainly doesn’t happen all the time, I nailed it this week picking the financials.
The S&P/TSX Capped Financial Index gained .92% for a gain of 18.5% this week.
Brompton Lifeco Split Corp. (LCS) +85.19% to $2.00. Kingsway Financial Services In (KFS) +27.57% to $2.73. AGF Management Limited (AGF.B) +7.82% to $8.13. Artis Real Estate Investment T (AX.UN) +6.87% to $6.38. Macquarie Power & Infrastructu (MPT.UN) +6.30% to $4.89.
Alaris Royalty Corp. (AD) -21.76% to $5.25. Killam Properties Inc. (KMP) -6.93% to $4.70. Fairborne Energy Ltd. (FEL) -5.51% to $2.40.
Toronto's S&P/TSX composite index gained 21.12 points on the day to 8303.39, advancing 9.5 per cent for the week.
The TSX Venture Exchange rose 5.55 points to 848.97.
The Canadian dollar climbed 0.41% to 78.59 cents US despite the news that the unemployment rate jumped half a point to 7.7 per cent with the loss of 82,600 jobs in February. Statistics Canada also reported the country's trade deficit deepened to almost $1 billion in January. Observers didn't think the data had much effect on stock trading.
The S&P/TSX Global Gold Index gained .99% as the April bullion contract in New York rose $6.10 to US$930.10 an ounce.
Greystar Resources Ltd. (GSL) +10.36% to $3.09. Detour Gold Corporation (DGC) +7.57% to $9.24. Gabriel Resources Ltd. (GBU) +6.38% to $2.50.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 1.68% to $46.25 and natural gas lost 1.58% to $3.93 as the S&P/TSX Energy Index sank .96%. This ahead of a meeting of OPEC Sunday. Traders wondered if the cartel will cut production to support prices, while the International Energy Agency lowered its estimate of global oil demand.
Akita Drilling Ltd. (AKT.A) +6.06% to $7.00. Petro Andina Resources Inc. (PAR) +5.12% to $5.95.
Calfrac Well Services Ltd. (CFW) -6.25% to $6.75. Pacific Rubiales Energy Corp. (PRE) -7.79% to $4.50.
In economic news, 83,000 workers lost their jobs in February, bringing total losses since the peak of last October to 295, Statistics Canada reported on Friday. The unemployment rate rose 0.5 percentage points to 7.7% in February.
The S&P/TSX Capped Diversified Metals & Mining Index lost 1.97% as aluminum gained .82%, copper was 2.46% higher and silver rose 2.10% to $13.22.
Aurora Energy Resources Inc. (AXU) +9.78% to $2.47. Detour Gold Corporation (DGC) +7.57% to $9.24. CIC Energy Corp. (ELC) +7.46% to $2.16.
Forsys Metals Corp. (FSY) -29.52% to $3.70. Athabasca Potash Inc. (API) -5.58% to $2.03. Quadra Mining Ltd. (QUA) -5.18% to $4.21.
Ivanhoe Mines Ltd. (IVN) -14.38% to $5.30 after the Mongolian parliament put off discussions about its Oyu Tolgoi copper-gold complex until next month.
Roger Biduk;
The S&P/TSX Capped Industrial Index lost .48%.
Newalta Inc. (NAL) +17.20% to $2.93.
GLV Inc. (GLV.A) -11.31% to $5.41.
Separately, Canada’s trade deficit widened to C$993 million in January from C$652 million in December, as both exports and imports fell, led by a sharp decline in automotive products trade, the statistics office reported. Overall, exports fell 9.0% to C$31.7 billion, while imports fell 7.9% to C$32.7 billion, the data showed.
The S&P/TSX Capped Utilities Index gained .21%.
The S&P/TSX Consumer Discretionary Index was .40% lower and the S&P/TSX Consumer Staples Index lost .57%.
Linamar Corporation (LNR) +6.12% to $2.60.
Roger Biduk;
The S&P/TSX Capped Health Care Index was lower by 1.74%.
QLT Inc. (QLT) +11.00% to $2.22.
Cangene Corporation (CNJ) -15.96% to $4.79.
In the service sector:
TransForce Inc. (TFI) +9.14% to $3.70. Trimac Income Fund (TMA.UN) +7.50% to $2.15. Forzani Group Ltd. (The) (FGL) +7.07% to $7.87. New Flyer Industries Inc. (NFI.UN) +5.51% to $7.85. Ag Growth Income Fund (AFN.UN) +5.32% to 20.80.
Transcontinental Inc. (TCL.A) -6.86% to $6.52.
The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
EXFO Electro-Optical Engineeri (EXF) +13.39% to $3.81. Torstar Corporation (TS.B) +9.47% to $5.200. Enghouse Systems Limited (ESL) +9.17% to $5.00. Aastra Technologies Limited (AAH) +7.83% to $18.60. Tundra Semiconductor Corporati (TUN) +5.26% to $3.00.
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www.rogerbiduk.wordpress.com
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Stock markets enjoyed another positive session Friday, stretching a remarkable buying spree in Toronto and New York to four days, largely fuelled by good news from the financial sector.
While it certainly doesn’t happen all the time, I nailed it this week picking the financials.
The S&P/TSX Capped Financial Index gained .92% for a gain of 18.5% this week.
Brompton Lifeco Split Corp. (LCS) +85.19% to $2.00. Kingsway Financial Services In (KFS) +27.57% to $2.73. AGF Management Limited (AGF.B) +7.82% to $8.13. Artis Real Estate Investment T (AX.UN) +6.87% to $6.38. Macquarie Power & Infrastructu (MPT.UN) +6.30% to $4.89.
Alaris Royalty Corp. (AD) -21.76% to $5.25. Killam Properties Inc. (KMP) -6.93% to $4.70. Fairborne Energy Ltd. (FEL) -5.51% to $2.40.
Toronto's S&P/TSX composite index gained 21.12 points on the day to 8303.39, advancing 9.5 per cent for the week.
The TSX Venture Exchange rose 5.55 points to 848.97.
The Canadian dollar climbed 0.41% to 78.59 cents US despite the news that the unemployment rate jumped half a point to 7.7 per cent with the loss of 82,600 jobs in February. Statistics Canada also reported the country's trade deficit deepened to almost $1 billion in January. Observers didn't think the data had much effect on stock trading.
The S&P/TSX Global Gold Index gained .99% as the April bullion contract in New York rose $6.10 to US$930.10 an ounce.
Greystar Resources Ltd. (GSL) +10.36% to $3.09. Detour Gold Corporation (DGC) +7.57% to $9.24. Gabriel Resources Ltd. (GBU) +6.38% to $2.50.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange dropped 1.68% to $46.25 and natural gas lost 1.58% to $3.93 as the S&P/TSX Energy Index sank .96%. This ahead of a meeting of OPEC Sunday. Traders wondered if the cartel will cut production to support prices, while the International Energy Agency lowered its estimate of global oil demand.
Akita Drilling Ltd. (AKT.A) +6.06% to $7.00. Petro Andina Resources Inc. (PAR) +5.12% to $5.95.
Calfrac Well Services Ltd. (CFW) -6.25% to $6.75. Pacific Rubiales Energy Corp. (PRE) -7.79% to $4.50.
In economic news, 83,000 workers lost their jobs in February, bringing total losses since the peak of last October to 295, Statistics Canada reported on Friday. The unemployment rate rose 0.5 percentage points to 7.7% in February.
The S&P/TSX Capped Diversified Metals & Mining Index lost 1.97% as aluminum gained .82%, copper was 2.46% higher and silver rose 2.10% to $13.22.
Aurora Energy Resources Inc. (AXU) +9.78% to $2.47. Detour Gold Corporation (DGC) +7.57% to $9.24. CIC Energy Corp. (ELC) +7.46% to $2.16.
Forsys Metals Corp. (FSY) -29.52% to $3.70. Athabasca Potash Inc. (API) -5.58% to $2.03. Quadra Mining Ltd. (QUA) -5.18% to $4.21.
Ivanhoe Mines Ltd. (IVN) -14.38% to $5.30 after the Mongolian parliament put off discussions about its Oyu Tolgoi copper-gold complex until next month.
Roger Biduk;
The S&P/TSX Capped Industrial Index lost .48%.
Newalta Inc. (NAL) +17.20% to $2.93.
GLV Inc. (GLV.A) -11.31% to $5.41.
Separately, Canada’s trade deficit widened to C$993 million in January from C$652 million in December, as both exports and imports fell, led by a sharp decline in automotive products trade, the statistics office reported. Overall, exports fell 9.0% to C$31.7 billion, while imports fell 7.9% to C$32.7 billion, the data showed.
The S&P/TSX Capped Utilities Index gained .21%.
The S&P/TSX Consumer Discretionary Index was .40% lower and the S&P/TSX Consumer Staples Index lost .57%.
Linamar Corporation (LNR) +6.12% to $2.60.
Roger Biduk;
The S&P/TSX Capped Health Care Index was lower by 1.74%.
QLT Inc. (QLT) +11.00% to $2.22.
Cangene Corporation (CNJ) -15.96% to $4.79.
In the service sector:
TransForce Inc. (TFI) +9.14% to $3.70. Trimac Income Fund (TMA.UN) +7.50% to $2.15. Forzani Group Ltd. (The) (FGL) +7.07% to $7.87. New Flyer Industries Inc. (NFI.UN) +5.51% to $7.85. Ag Growth Income Fund (AFN.UN) +5.32% to 20.80.
Transcontinental Inc. (TCL.A) -6.86% to $6.52.
The S&P/TSX Capped Information Technology Index lost .38% and the S&P/TSX Capped Telecom Services Index was 2.19% higher.
EXFO Electro-Optical Engineeri (EXF) +13.39% to $3.81. Torstar Corporation (TS.B) +9.47% to $5.200. Enghouse Systems Limited (ESL) +9.17% to $5.00. Aastra Technologies Limited (AAH) +7.83% to $18.60. Tundra Semiconductor Corporati (TUN) +5.26% to $3.00.
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Thursday, March 12, 2009
Roger Biduk; Bay Street Higher on Financials and Energy
Roger Biduk;
As in the U.S., Canadian ETFs did great today and over the last five days.
Horizons BetaPro S&P/TSX Capped Fin Bull (HFU-T) +12.63% to $4.19 (+36% in 5 days!). Horizons BetaPro S&P/TSX 60 Bull (HXU-T) +7.91% to $9.69 (+21% in 5 days!). Horizons BetaPro S&P 500 Bull Plus ETF (HSU-T) +7.87% to $4.80 (+19% in 5 days!). Horizons BetaPro NASDAQ-100 Bull Plus ETF (HQU-T) +6.56% to $5.36 (+16% in 5 days). Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) +7.55% to $14.95 (+22% in 5 days!). Horizons BetaPro Nymex Crude Oil Bull (HOU-T) + 16.12% to $5.98. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) +11.41% to $4.20.
A powerful stock-market buying spree has continued for a third day, yielding triple-digit index gains in Toronto and New York driven by ongoing advances in financial and energy shares.
Toronto's S&P/TSX composite index jumped 271.25 points or 3.4 per cent to 8,282.27 on Thursday, up by 715 points or 9.4 per cent in three sessions.
The TSX Venture Exchange added 19.52 points to 843.42 while the Canadian dollar advanced 0.43 of a cent to 78.18 cents US.
The S&P/TSX Capped Financial Index soared 5.58% and is up almost 21 per cent since Monday's close.
Life & Banc Split Corp. (LBS) +25.48% to $3.94. Crown Hill Fund (MYT.UN) +20.94% to $4.10. Scott's Real Estate Investment (SRQ.UN) +20.77% to $4.07. World Financial Split Corp. (WFS) +18.23% to $2.40. Canadian Life Companies Split (LFE) +18.14% to $2.41.
Plutonic Power Corporation (PCC) -5.53% to $2.05.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 11.10% to $47.03 and natural gas jumped 5.19% to $4.00 as the S&P/TSX Energy Index rose 5.02%.
Rumours swirled that Russia, which vies with Saudi Arabia as the world's largest oil producer, will join OPEC in slashing crude production.
Crew Energy Inc. (CR) +14.39% to $3.18. Paramount Energy Trust (PMT.UN) +13.65 to $3.08. Pacific Rubiales Energy Corp. (PRE) +13.49% to $4.88. Galleon Energy Inc. (GO) +13.04% to $2.60. Addax Petroleum Corporation (AXC) +11.70% to $24.35.
The S&P/TSX Global Gold Index jumped 3.61% as the April bullion contract in New York rose $13.30 to US$924.00 an ounce.
Vista Gold Corp. (VGZ) +11.37% to $2.35. Aquiline Resources Inc. (AQI) +8.61% to $2.90. Kirkland Lake Gold Inc. (KGI) +8.19% to $5.68. Markland AGF Precious Metals C (MPM) +6.16% to $6.38. International Minerals Corpora (IMZ) +5.00% to $3.15.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.32% as aluminum gained 1.24%, copper was flat and silver rose 1.12% to $12.94.
Teck Cominco Limited (TCK.B) +8.70% to $5.00. Uranium One Inc. (UUU) +8.21% to $2.24. Ivanhoe Mines Ltd. (IVN) +7.84% to $6.19.
Forsys Metals Corp. (FSY) -16.00% to $5.25.
The S&P/TSX Capped Industrial Index rose 2.92%.
Stella-Jones Inc. (SJ) +9.88% to $16.80. GLV Inc. (GLV.A) +9.32% to $6.10. JDS Uniphase Canada Ltd. (JDU) +8.11% to $3.60.
The S&P/TSX Capped Utilities Index lost .22%.
Superior Plus Corp. (SPB) +6.48% to $9.53.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 2.92% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Linamar Corporation (LNR) +11.36% to $2.45. Gildan Activewear Inc. (GIL) +7.59% to $9.21.
The S&P/TSX Capped Health Care Index was higher by 2.46%.
QLT Inc. (QLT) +9.89% to $2.00.
In the service sector:
TransForce Inc. (TFI) +13.76% to $3.39. Empire Company Ltd. (EMP.A) +7.48% to $49.98. Westshore Terminals Income Fun (WTE.UN) +7.01% to $8.55. Guardian Capital Group Ltd. (GCG.A) +6.36% to $3.51. TMX Group Inc. (X) +5.44% to $33.32.
Contrans Income Fund (CSS.UN) -23.81% to $3.20.
The S&P/TSX Capped Information Technology Index gained 1.76% and the S&P/TSX Capped Telecom Services Index was .36% lower.
Miranda Technologies Inc. (MT) +9.17% to $4.88. Celestica Inc. (CLS) +7.80% to $3.87. Aastra Technologies Limited (AAH) +7.01% to $17.25. Torstar Corporation (TS.B) +6.74% to $4.75.
Is your broker or financial advisor giving you or your clients this type of timely, daily information?
I can tell you the answer is most likely …..no!
Give me a call….
I am always looking to form a professional and mutually profitable relationship on a referral basis regarding our respective clients, friends & business associates.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
As in the U.S., Canadian ETFs did great today and over the last five days.
Horizons BetaPro S&P/TSX Capped Fin Bull (HFU-T) +12.63% to $4.19 (+36% in 5 days!). Horizons BetaPro S&P/TSX 60 Bull (HXU-T) +7.91% to $9.69 (+21% in 5 days!). Horizons BetaPro S&P 500 Bull Plus ETF (HSU-T) +7.87% to $4.80 (+19% in 5 days!). Horizons BetaPro NASDAQ-100 Bull Plus ETF (HQU-T) +6.56% to $5.36 (+16% in 5 days). Horizons BetaPro MSCI Emerg Markets Bull+ ETF (HJU-T) +7.55% to $14.95 (+22% in 5 days!). Horizons BetaPro Nymex Crude Oil Bull (HOU-T) + 16.12% to $5.98. Horizons BetaPro S&P/TSX Cap Energy Bull+ ETF (HEU-T) +11.41% to $4.20.
A powerful stock-market buying spree has continued for a third day, yielding triple-digit index gains in Toronto and New York driven by ongoing advances in financial and energy shares.
Toronto's S&P/TSX composite index jumped 271.25 points or 3.4 per cent to 8,282.27 on Thursday, up by 715 points or 9.4 per cent in three sessions.
The TSX Venture Exchange added 19.52 points to 843.42 while the Canadian dollar advanced 0.43 of a cent to 78.18 cents US.
The S&P/TSX Capped Financial Index soared 5.58% and is up almost 21 per cent since Monday's close.
Life & Banc Split Corp. (LBS) +25.48% to $3.94. Crown Hill Fund (MYT.UN) +20.94% to $4.10. Scott's Real Estate Investment (SRQ.UN) +20.77% to $4.07. World Financial Split Corp. (WFS) +18.23% to $2.40. Canadian Life Companies Split (LFE) +18.14% to $2.41.
Plutonic Power Corporation (PCC) -5.53% to $2.05.
Roger Biduk;
The April crude contract on the New York Mercantile Exchange soared 11.10% to $47.03 and natural gas jumped 5.19% to $4.00 as the S&P/TSX Energy Index rose 5.02%.
Rumours swirled that Russia, which vies with Saudi Arabia as the world's largest oil producer, will join OPEC in slashing crude production.
Crew Energy Inc. (CR) +14.39% to $3.18. Paramount Energy Trust (PMT.UN) +13.65 to $3.08. Pacific Rubiales Energy Corp. (PRE) +13.49% to $4.88. Galleon Energy Inc. (GO) +13.04% to $2.60. Addax Petroleum Corporation (AXC) +11.70% to $24.35.
The S&P/TSX Global Gold Index jumped 3.61% as the April bullion contract in New York rose $13.30 to US$924.00 an ounce.
Vista Gold Corp. (VGZ) +11.37% to $2.35. Aquiline Resources Inc. (AQI) +8.61% to $2.90. Kirkland Lake Gold Inc. (KGI) +8.19% to $5.68. Markland AGF Precious Metals C (MPM) +6.16% to $6.38. International Minerals Corpora (IMZ) +5.00% to $3.15.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.32% as aluminum gained 1.24%, copper was flat and silver rose 1.12% to $12.94.
Teck Cominco Limited (TCK.B) +8.70% to $5.00. Uranium One Inc. (UUU) +8.21% to $2.24. Ivanhoe Mines Ltd. (IVN) +7.84% to $6.19.
Forsys Metals Corp. (FSY) -16.00% to $5.25.
The S&P/TSX Capped Industrial Index rose 2.92%.
Stella-Jones Inc. (SJ) +9.88% to $16.80. GLV Inc. (GLV.A) +9.32% to $6.10. JDS Uniphase Canada Ltd. (JDU) +8.11% to $3.60.
The S&P/TSX Capped Utilities Index lost .22%.
Superior Plus Corp. (SPB) +6.48% to $9.53.
Roger Biduk;
The S&P/TSX Consumer Discretionary Index was 2.92% higher and the S&P/TSX Consumer Staples Index gained 1.43%.
Linamar Corporation (LNR) +11.36% to $2.45. Gildan Activewear Inc. (GIL) +7.59% to $9.21.
The S&P/TSX Capped Health Care Index was higher by 2.46%.
QLT Inc. (QLT) +9.89% to $2.00.
In the service sector:
TransForce Inc. (TFI) +13.76% to $3.39. Empire Company Ltd. (EMP.A) +7.48% to $49.98. Westshore Terminals Income Fun (WTE.UN) +7.01% to $8.55. Guardian Capital Group Ltd. (GCG.A) +6.36% to $3.51. TMX Group Inc. (X) +5.44% to $33.32.
Contrans Income Fund (CSS.UN) -23.81% to $3.20.
The S&P/TSX Capped Information Technology Index gained 1.76% and the S&P/TSX Capped Telecom Services Index was .36% lower.
Miranda Technologies Inc. (MT) +9.17% to $4.88. Celestica Inc. (CLS) +7.80% to $3.87. Aastra Technologies Limited (AAH) +7.01% to $17.25. Torstar Corporation (TS.B) +6.74% to $4.75.
Is your broker or financial advisor giving you or your clients this type of timely, daily information?
I can tell you the answer is most likely …..no!
Give me a call….
I am always looking to form a professional and mutually profitable relationship on a referral basis regarding our respective clients, friends & business associates.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Wednesday, March 11, 2009
Roger Biduk; Bay Street Higher on Financials
Roger Biduk;
The Toronto stock market surged for a second day Wednesday in another broad advance led by beaten-down Canadian banks and insurance companies.
Toronto's S&P/TSX composite index closed up 130.61 points to 8,011.02, after a 12 per cent surge in financials pushed the benchmark index up 313 points on Tuesday, the market's best day so far this year.
The TSX Venture Exchange ticked 5.35 points higher to 823.9.
The CDN$ fell 0.06 of a cent to 77.75 cents US.
The S&P/TSX Capped Financial Index gained 2.02.
NB Split Corp. (NBF) +10.81% to $4.10. Allbanc Split Corp. II (ALB) +10.24% to $4.09. Life & Banc Split Corp. (LBS) +10.18% to $3.14. GMP Capital Trust (GMP.UN) +9.67% to $5.90. Dividend 15 Split Corp. (DFN) +9.43% to $5.80.
World Financial Split Corp. (WFS) -10.96% to $2.03. Resverlogix Corp. (RVX) -9.61% to $3.01. Dundee Corporation (DC.A) -6.98% to $4.00. Savanna Energy Services Corp. (SVY) -5.54% to $4.09.
The TSX financial sector was up 2.2 per cent on the day as TD Bank (TSX:TD) rose $1.26 to $39.76 and Royal Bank (TSX:RY) gained 63 cents to $33.57.
Bank of Montreal (TSX:BMO) improved 39 cents to $30.10 as it announced a $200-million preferred share issue paying 6.5 per cent.
The April crude contract on the New York Mercantile Exchange dropped 2.65% to $45.71 and natural gas lost 1.09% to $3.80 as the S&P/TSX Energy Index lost .41%.
The U.S. Department of Energy reported that crude supplies climbed by 700,000 barrels last week against an expected drop of one million barrels.
Avenir Diversified Income Trus (AVF.UN) +6.37% to $3.34. Pacific Rubiales Energy Corp. (PRE) +6.17% to $4.30. Parkland Income Fund (PKI.UN) +5.76% to $7.35.
Paramount Energy Trust (PMT.UN) -8.14% to $2.71. Paramount Resources Ltd. (POU)
-7.59% to $4.87. Galleon Energy Inc. (GO) -5.74% to $2.30. Breaker Energy Ltd. (WAV)
-5.53% to $2.22.
Roger Biduk;
The S&P/TSX Global Gold Index jumped 6.07% as the April bullion contract in New York jumped $14.80 to US$910.70 an ounce.
Vista Gold Corp. (VGZ) +12.70% to $2.13. Greystar Resources Ltd. (GSL) +10.57% to $2.72. US Gold Corporation (UXG) +10.19% to $2.38. Alamos Gold Inc. (AGI) +8.93% to $8.05. Queenston Mining Inc. (QMI) +8.70% to $3.50.
The S&P/TSX Capped Diversified Metals & Mining Index gained 3.14% as aluminum gained 1.24%, copper lost 3.50% and silver rose 2.07% to $12.80.
Teck Cominco Limited (TCK.B) +12.47% to $4.60. Uranium One Inc. (UUU) +9.52% to $2.07. Agrium Inc. (AGU) +6.54% to $47.73. Migao Corporation (MGO) +5.54% to $5.72. Athabasca Potash Inc. (API) +5.50% to $2.11.
The S&P/TSX Capped Industrial Index rose 1.41%.
Bombardier Inc. (TSX:BBD.B) climbed 12 cents to $2.71 after it finalized a sale of 30 new CS100 jets for US$1.5 billion to Germany's Lufthansa.
Newalta Inc. (NAL) -9.00% to $2.63.
The S&P/TSX Capped Utilities Index rose .69%.
The S&P/TSX Consumer Discretionary Index was .13% higher and the S&P/TSX Consumer Staples Index lost .77%.
Gildan Activewear Inc. (GIL) +5.68% to $8.56.
Linamar Corporation (LNR) -9.47% to $2.20. Richards Packaging Income Fund (RPI.UN) -9.06% to $2.51. Winpak Ltd. (WPK) -6.45% to $6.53. ZCL Composites Inc. (ZCL) -5.38% to $4.40.
The S&P/TSX Capped Health Care Index was higher by .57.
Roger Biduk;
In the service sector:
Patheon Inc. (PTI) +18.78% to $2.53. Transcontinental Inc. (TCL.A) +7.19% to $6.71. Ag Growth Income Fund (AFN.UN) +6.54% to $19.39. RONA Inc. (RON) +5.44% to $10.86.
Transat A.T. Inc (TRZ.B) -9.87% to $6.85.
The S&P/TSX Capped Information Technology Index gained 2.49% and the S&P/TSX Capped Telecom Services Index was .78% lower. Descartes Systems Group Inc. (DSG) +10.79% to $3.08. Evertz Technologies Limited (ET) +10.09% to $11.67. Aastra Technologies Limited (AAH) +6.47% to $16.12.
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www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
The Toronto stock market surged for a second day Wednesday in another broad advance led by beaten-down Canadian banks and insurance companies.
Toronto's S&P/TSX composite index closed up 130.61 points to 8,011.02, after a 12 per cent surge in financials pushed the benchmark index up 313 points on Tuesday, the market's best day so far this year.
The TSX Venture Exchange ticked 5.35 points higher to 823.9.
The CDN$ fell 0.06 of a cent to 77.75 cents US.
The S&P/TSX Capped Financial Index gained 2.02.
NB Split Corp. (NBF) +10.81% to $4.10. Allbanc Split Corp. II (ALB) +10.24% to $4.09. Life & Banc Split Corp. (LBS) +10.18% to $3.14. GMP Capital Trust (GMP.UN) +9.67% to $5.90. Dividend 15 Split Corp. (DFN) +9.43% to $5.80.
World Financial Split Corp. (WFS) -10.96% to $2.03. Resverlogix Corp. (RVX) -9.61% to $3.01. Dundee Corporation (DC.A) -6.98% to $4.00. Savanna Energy Services Corp. (SVY) -5.54% to $4.09.
The TSX financial sector was up 2.2 per cent on the day as TD Bank (TSX:TD) rose $1.26 to $39.76 and Royal Bank (TSX:RY) gained 63 cents to $33.57.
Bank of Montreal (TSX:BMO) improved 39 cents to $30.10 as it announced a $200-million preferred share issue paying 6.5 per cent.
The April crude contract on the New York Mercantile Exchange dropped 2.65% to $45.71 and natural gas lost 1.09% to $3.80 as the S&P/TSX Energy Index lost .41%.
The U.S. Department of Energy reported that crude supplies climbed by 700,000 barrels last week against an expected drop of one million barrels.
Avenir Diversified Income Trus (AVF.UN) +6.37% to $3.34. Pacific Rubiales Energy Corp. (PRE) +6.17% to $4.30. Parkland Income Fund (PKI.UN) +5.76% to $7.35.
Paramount Energy Trust (PMT.UN) -8.14% to $2.71. Paramount Resources Ltd. (POU)
-7.59% to $4.87. Galleon Energy Inc. (GO) -5.74% to $2.30. Breaker Energy Ltd. (WAV)
-5.53% to $2.22.
Roger Biduk;
The S&P/TSX Global Gold Index jumped 6.07% as the April bullion contract in New York jumped $14.80 to US$910.70 an ounce.
Vista Gold Corp. (VGZ) +12.70% to $2.13. Greystar Resources Ltd. (GSL) +10.57% to $2.72. US Gold Corporation (UXG) +10.19% to $2.38. Alamos Gold Inc. (AGI) +8.93% to $8.05. Queenston Mining Inc. (QMI) +8.70% to $3.50.
The S&P/TSX Capped Diversified Metals & Mining Index gained 3.14% as aluminum gained 1.24%, copper lost 3.50% and silver rose 2.07% to $12.80.
Teck Cominco Limited (TCK.B) +12.47% to $4.60. Uranium One Inc. (UUU) +9.52% to $2.07. Agrium Inc. (AGU) +6.54% to $47.73. Migao Corporation (MGO) +5.54% to $5.72. Athabasca Potash Inc. (API) +5.50% to $2.11.
The S&P/TSX Capped Industrial Index rose 1.41%.
Bombardier Inc. (TSX:BBD.B) climbed 12 cents to $2.71 after it finalized a sale of 30 new CS100 jets for US$1.5 billion to Germany's Lufthansa.
Newalta Inc. (NAL) -9.00% to $2.63.
The S&P/TSX Capped Utilities Index rose .69%.
The S&P/TSX Consumer Discretionary Index was .13% higher and the S&P/TSX Consumer Staples Index lost .77%.
Gildan Activewear Inc. (GIL) +5.68% to $8.56.
Linamar Corporation (LNR) -9.47% to $2.20. Richards Packaging Income Fund (RPI.UN) -9.06% to $2.51. Winpak Ltd. (WPK) -6.45% to $6.53. ZCL Composites Inc. (ZCL) -5.38% to $4.40.
The S&P/TSX Capped Health Care Index was higher by .57.
Roger Biduk;
In the service sector:
Patheon Inc. (PTI) +18.78% to $2.53. Transcontinental Inc. (TCL.A) +7.19% to $6.71. Ag Growth Income Fund (AFN.UN) +6.54% to $19.39. RONA Inc. (RON) +5.44% to $10.86.
Transat A.T. Inc (TRZ.B) -9.87% to $6.85.
The S&P/TSX Capped Information Technology Index gained 2.49% and the S&P/TSX Capped Telecom Services Index was .78% lower. Descartes Systems Group Inc. (DSG) +10.79% to $3.08. Evertz Technologies Limited (ET) +10.09% to $11.67. Aastra Technologies Limited (AAH) +6.47% to $16.12.
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www.rogerbiduk.blogspot.com
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Tuesday, March 10, 2009
Roger Biduk; Bay Street has Largest Yearly Gain
Roger Biduk;
Did you read my email that I sent on Monday morning regarding what ETFs to buy on an upcoming bear market rally I saw coming?
Hopefully you did and bought (as my clients did) the ones I included.
Horizon BetaPro S&P/TSX Financials Bull Plus (HFU) soared 25.00% to $3.60, (HQU) was up 12.18% and (HXU) rose 9.07%.
The ETFs in the U.S. markets that I talked about (see below) did even better as they are leveraged 3-1 compared to the Canadian ones at 2-1.
Stock markets surged on a huge runup in bank and insurance shares Tuesday after American financial-services giant Citigroup Inc. said it was profitable in the first two months of this year.
Toronto's S&P/TSX composite index jumped 313.47 points or 4.1 per cent to 7,880.41, powered by a 12 per cent charge in the financial sector. It was the biggest gain this year for the benchmark Canadian index.
The TSX Venture Exchange edged 4.36 points higher to 818.55.
The Canadian dollar rose 0.83 cent to 77.81 cents US after losing almost half a cent Monday to its lowest close since September 2004.
Of the ten sectors I follow on the Toronto market, all were higher except for the gold sector.
The S&P/TSX Global Gold Index tanked 7.37% as the April bullion contract in New York sank $22.10 to US$895.90 an ounce.
Minefinders Corporation Ltd. (MFL.WT) -19.35% to $2.50. Kinross Gold Corporation (K.WT.B) -12.67% to $2.62. US Gold Corporation (UXG) -12.10% to $2.18. Kinross Gold Corporation (K.WT.C) -10.91% to $4.41. Aquiline Resources Inc. (AQI) -10.10% to $2.58.
Roger Biduk;
The market also got support from energy stocks even as the price of crude oil moved lower.
The April crude contract on the New York Mercantile Exchange dropped 2.89% to $45.71 and natural gas lost .65% to $3.84 as the S&P/TSX Energy Index gained 2.93%.
Breaker Energy Ltd. (WAV) +9.30% to $2.350. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Gran Tierra Energy Inc. (GTE) +6.17% to $3.27. Destiny Resource Services Corp (DSC) +6.00% to $2.12. Canadian Natural Resources Lim (CNQ) +5.99% to $46.00.
Avenir Diversified Income Trus (AVF.UN) -19.49% to $3.14. Paramount Resources Ltd. (POU)
-6.73% to $5.27. Badger Income Fund (BAD.UN) -5.95% to $10.90. Cathedral Energy Services Inco (CET.UN) -5.31% to $2.14.
Oil earlier had surged as high as US$48.32 as OPEC signalled another production cut is likely within days, but then pulled back after the U.S. Energy Department predicted oil will average US$42 a barrel this year and US$53 next year. A month ago, it had predicted prices of US$43 and US$55.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.92% as aluminum gained 1.68%, copper gained 2.74% and silver fell 3.09% to $12.54.
Inmet Mining Corporation (IMN) +14.48% to $31.07. Quadra Mining Ltd. (QUA) +10.67% to $4.15. Teck Cominco Limited (TCK.B) +9.95% to $4.09. Breaker Energy Ltd. (WAV) +9.30% to $2.35. Athabasca Potash Inc. (API) +8.70% to $2.00. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Potash Corporation of Saskatch (POT) +6.92% to $96.26.
Red Back Mining Inc. (RBI) -8.75% to $6.57. Fronteer Development Group Inc (FRG) -8.21% to $2.57. Pan American Silver Corp. (PAA) -6.88% to $16.51.
HudBay Minerals Inc. (TSX: HBM.TO) rose 19 cents to $5.90 after the resignation of Allen Palmiere as CEO, effective immediately. His departure comes as a major shareholder seeks to shake up the mining company's board after the collapse of HudBay's proposed merger with Lundin Mining Corp. (TSX: LUN.TO).
Roger Biduk;
The S&P/TSX Capped Financial Index soared 12.04%.
Life & Banc Split Corp. (LBS) +35.71% to $2.85. Allbanc Split Corp. II (ALB) +34.91% to $3.71. Canadian Life Companies Split (LFE) +33.97% to $2.09. Financial 15 Split Corp. (FTN) +31.45% to $3.26. R Split III Corp. (RBS) +24.29% to $4.35.
iShares CDN S&P/TSX Global Gol (XGD) -7.09% to $17.42. Birchcliff Energy Ltd. (BIR)
-7.02% to $4.90. Franco-Nevada Corporation (FNV) -5.79% to $24.73.
The S&P/TSX Capped Industrial Index jumped 6.60%.
TimberWest Forest Corp. (TWF.UN) +14.04% to $2.68. SNC - Lavalin Group Inc. (SNC) +11.63% to $31.59. Bombardier Inc. (BBD.B) +10.68% to $2.59. Seacliff Construction Corp. (SDC) +8.00% to $6.75. ATS Automation Tooling Systems (ATA) +7.97% to $3.25.
The S&P/TSX Capped Utilities Index rose .31%.
The S&P/TSX Consumer Discretionary Index was 4.17% higher and the S&P/TSX Consumer Staples Index gained .44%.
Gildan Activewear Inc. (GIL) +7.43% to $8.10. Richards Packaging Income Fund (RPI.UN) +7.39% to $2.76. Hammond Power Solutions Inc. (HPS.A) +6.75% to $7.75. Cascades Inc. (CAS) +6.15% to $2.07.
The S&P/TSX Capped Health Care Index was higher by 3.80%.
Biovail Corporation (BVF) +6.37% to $14.20. BioMS Medical Corp. (MS) +5.29% to $2.39.
Roger Biduk;
In the service sector:
Great Canadian Gaming Corporat (GC) +12.29% to $2.65. Stantec Inc. (STN) +11.83% to $21.17. Transcontinental Inc. (TCL.A) +11.11% to $6.20. Wajax Income Fund (WJX.UN) +10.00% to $12.10. Cargojet Income Fund (CJT.UN) +8.89% to $2.45.
Second Cup Royalty Income Fund (SCU.UN) -7.96% to $4.51. Trimac Income Fund (TMA.UN)
-9.05% to $2.01.
The S&P/TSX Capped Information Technology Index gained 3.39% and the S&P/TSX Capped Telecom Services Index was 3.72% higher. 5N Plus Inc. (VNP) +13.36% to $5.09. Tundra Semiconductor Corporati (TUN) +9.62% to $2.85. Research in Motion Limited (RIM) +9.47% to $50.30. Celestica Inc. (CLS) +7.04% to $3.65.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
Did you read my email that I sent on Monday morning regarding what ETFs to buy on an upcoming bear market rally I saw coming?
Hopefully you did and bought (as my clients did) the ones I included.
Horizon BetaPro S&P/TSX Financials Bull Plus (HFU) soared 25.00% to $3.60, (HQU) was up 12.18% and (HXU) rose 9.07%.
The ETFs in the U.S. markets that I talked about (see below) did even better as they are leveraged 3-1 compared to the Canadian ones at 2-1.
Stock markets surged on a huge runup in bank and insurance shares Tuesday after American financial-services giant Citigroup Inc. said it was profitable in the first two months of this year.
Toronto's S&P/TSX composite index jumped 313.47 points or 4.1 per cent to 7,880.41, powered by a 12 per cent charge in the financial sector. It was the biggest gain this year for the benchmark Canadian index.
The TSX Venture Exchange edged 4.36 points higher to 818.55.
The Canadian dollar rose 0.83 cent to 77.81 cents US after losing almost half a cent Monday to its lowest close since September 2004.
Of the ten sectors I follow on the Toronto market, all were higher except for the gold sector.
The S&P/TSX Global Gold Index tanked 7.37% as the April bullion contract in New York sank $22.10 to US$895.90 an ounce.
Minefinders Corporation Ltd. (MFL.WT) -19.35% to $2.50. Kinross Gold Corporation (K.WT.B) -12.67% to $2.62. US Gold Corporation (UXG) -12.10% to $2.18. Kinross Gold Corporation (K.WT.C) -10.91% to $4.41. Aquiline Resources Inc. (AQI) -10.10% to $2.58.
Roger Biduk;
The market also got support from energy stocks even as the price of crude oil moved lower.
The April crude contract on the New York Mercantile Exchange dropped 2.89% to $45.71 and natural gas lost .65% to $3.84 as the S&P/TSX Energy Index gained 2.93%.
Breaker Energy Ltd. (WAV) +9.30% to $2.350. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Gran Tierra Energy Inc. (GTE) +6.17% to $3.27. Destiny Resource Services Corp (DSC) +6.00% to $2.12. Canadian Natural Resources Lim (CNQ) +5.99% to $46.00.
Avenir Diversified Income Trus (AVF.UN) -19.49% to $3.14. Paramount Resources Ltd. (POU)
-6.73% to $5.27. Badger Income Fund (BAD.UN) -5.95% to $10.90. Cathedral Energy Services Inco (CET.UN) -5.31% to $2.14.
Oil earlier had surged as high as US$48.32 as OPEC signalled another production cut is likely within days, but then pulled back after the U.S. Energy Department predicted oil will average US$42 a barrel this year and US$53 next year. A month ago, it had predicted prices of US$43 and US$55.
The S&P/TSX Capped Diversified Metals & Mining Index jumped 5.92% as aluminum gained 1.68%, copper gained 2.74% and silver fell 3.09% to $12.54.
Inmet Mining Corporation (IMN) +14.48% to $31.07. Quadra Mining Ltd. (QUA) +10.67% to $4.15. Teck Cominco Limited (TCK.B) +9.95% to $4.09. Breaker Energy Ltd. (WAV) +9.30% to $2.35. Athabasca Potash Inc. (API) +8.70% to $2.00. Flint Energy Services Ltd. (FES) +7.11% to $5.12. Potash Corporation of Saskatch (POT) +6.92% to $96.26.
Red Back Mining Inc. (RBI) -8.75% to $6.57. Fronteer Development Group Inc (FRG) -8.21% to $2.57. Pan American Silver Corp. (PAA) -6.88% to $16.51.
HudBay Minerals Inc. (TSX: HBM.TO) rose 19 cents to $5.90 after the resignation of Allen Palmiere as CEO, effective immediately. His departure comes as a major shareholder seeks to shake up the mining company's board after the collapse of HudBay's proposed merger with Lundin Mining Corp. (TSX: LUN.TO).
Roger Biduk;
The S&P/TSX Capped Financial Index soared 12.04%.
Life & Banc Split Corp. (LBS) +35.71% to $2.85. Allbanc Split Corp. II (ALB) +34.91% to $3.71. Canadian Life Companies Split (LFE) +33.97% to $2.09. Financial 15 Split Corp. (FTN) +31.45% to $3.26. R Split III Corp. (RBS) +24.29% to $4.35.
iShares CDN S&P/TSX Global Gol (XGD) -7.09% to $17.42. Birchcliff Energy Ltd. (BIR)
-7.02% to $4.90. Franco-Nevada Corporation (FNV) -5.79% to $24.73.
The S&P/TSX Capped Industrial Index jumped 6.60%.
TimberWest Forest Corp. (TWF.UN) +14.04% to $2.68. SNC - Lavalin Group Inc. (SNC) +11.63% to $31.59. Bombardier Inc. (BBD.B) +10.68% to $2.59. Seacliff Construction Corp. (SDC) +8.00% to $6.75. ATS Automation Tooling Systems (ATA) +7.97% to $3.25.
The S&P/TSX Capped Utilities Index rose .31%.
The S&P/TSX Consumer Discretionary Index was 4.17% higher and the S&P/TSX Consumer Staples Index gained .44%.
Gildan Activewear Inc. (GIL) +7.43% to $8.10. Richards Packaging Income Fund (RPI.UN) +7.39% to $2.76. Hammond Power Solutions Inc. (HPS.A) +6.75% to $7.75. Cascades Inc. (CAS) +6.15% to $2.07.
The S&P/TSX Capped Health Care Index was higher by 3.80%.
Biovail Corporation (BVF) +6.37% to $14.20. BioMS Medical Corp. (MS) +5.29% to $2.39.
Roger Biduk;
In the service sector:
Great Canadian Gaming Corporat (GC) +12.29% to $2.65. Stantec Inc. (STN) +11.83% to $21.17. Transcontinental Inc. (TCL.A) +11.11% to $6.20. Wajax Income Fund (WJX.UN) +10.00% to $12.10. Cargojet Income Fund (CJT.UN) +8.89% to $2.45.
Second Cup Royalty Income Fund (SCU.UN) -7.96% to $4.51. Trimac Income Fund (TMA.UN)
-9.05% to $2.01.
The S&P/TSX Capped Information Technology Index gained 3.39% and the S&P/TSX Capped Telecom Services Index was 3.72% higher. 5N Plus Inc. (VNP) +13.36% to $5.09. Tundra Semiconductor Corporati (TUN) +9.62% to $2.85. Research in Motion Limited (RIM) +9.47% to $50.30. Celestica Inc. (CLS) +7.04% to $3.65.
www.rogerbiduk.ca
www.rogerbiduk.wordpress.com
www.rogerbiduk.blogspot.com
http://bestcatanddognutrition.wordpress.com
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