Latest news with #TDsecurities
Yahoo
3 days ago
- Business
- Yahoo
BRP Inc. price target raised to C$60 from C$49 at Citi
Citi raised the firm's price target on BRP Inc. (DOOO) to C$60 from C$49 and keeps a Neutral rating on the shares following the Q1 revenue beat. Despite incremental tariffs, macro uncertainty and near-term headwinds from reduced shipments and heightened promotions from competitors on non-current units, BRP 'has done a commendable job' in its inventory management, which should put the company in a position of relative strength in the second half of the year, the analyst tells investors in a research note. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on DOOO: Disclaimer & DisclosureReport an Issue BRP's Strategic Positioning and Optimistic Outlook Drive Buy Rating Despite Macroeconomic Challenges BRP Inc. upgraded to Buy from Hold at TD Securities BRP Inc. upgraded to Buy from Hold at Stifel Desjardins upgrades BRP Inc. to Buy saying 'worst is over' BRP Receives Buy Rating from Benoit Poirier Amid Strong Financial Outlook and Growth Potential Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
FTSE 100 LIVE: Stocks rise as US court ruling blocks Trump tariffs
The FTSE 100 (^FTSE) and European stocks were higher on Thursday as the US Court of International Trade ruled that the Trump administration did not have authority to impose most of the tariffs that have been announced. A three-judge panel argued that the US president has exceeded his authority, left US trade policy dependent on his whims and unleashed economic chaos. "The worldwide and retaliatory tariff orders exceed any authority granted to the president by IEEPA to regulate importation by means of tariffs," the court said. "…The court does not pass upon the wisdom or likely effectiveness of the president's use of tariffs as leverage. That use is impermissible not because it is unwise or ineffective, but because [federal law] does not allow it." It gave the administration 10 days in order to 'effectuate' the judgement, but a White House spokesperson told Reuters that it was 'not for elected judges to decide how to properly address a national emergency'. Stocks: Create your watchlist and portfolio Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities, said: "The knee-jerk reaction for equities to rally and bond yields to back up on the tariff pause makes sense. "However, with tariffs now in the appeal process and likely heading to the Supreme Court, uncertainty is back. Expect to see this lead to delays in investment and hiring. The pause also puts tariff revenue at risk which could bring deficit issues back on the radar." London's benchmark index (^FTSE) was 0.1% higher in early trade. Germany's DAX (^GDAXI) rose 0.7% and the CAC (^FCHI) in Paris headed 1% into the green. The pan-European STOXX 600 (^STOXX) was up 0.5%. Wall Street is set for a positive start as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all in the green. The pound was flat against the US dollar (GBPUSD=X) at 1.3466. Follow along for live updates throughout the day: Stocks in Asia were higher overnight as the US Court of International Trade ruled that the Trump administration did not have the authority to impose most of the tariffs that have been announced. It said the administration had exceeded their legal authority, and that the International Emergency Economic Powers Act (IEEPA) 'does not authorize the President to impose unbounded tariffs.' The court gave the administration 10 days in order to 'effectuate' the judgement — the ruling covers the 10% baseline tariffs, the 25% tariffs on Canadian and Mexican products, the extra 20% on China, as well as all the reciprocal tariffs that have been paused until 9 July. However, there are a few exceptions not covered by the ruling, including the tariffs on steel, aluminium and automobiles. The Nikkei (^N225) rose 1.9% on the day in Japan, while the Hang Seng (^HSI) gained 1.4% in Hong Kong. The Shanghai Composite ( was 0.7% up by the end of the session. The Kospi (^KS11) was also up 1.9% after the Bank of Korea delivered a 25bp rate cut overnight, in line with expectations, taking the policy rate down to 2.5%. They also cut their growth forecast for this year to 0.8%. Across the pond on Wall Street, the S&P 500 (^GSPC) slipped 0.6%, falling back after the previous day's 2.05% surge, and the tech-heavy Nasdaq (^IXIC) was 0.5% down. The Dow Jones (^DJI) fell 0.6%. Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets, and happening across the global economy. Coming up today we have US data releases which include the weekly initial jobless claims, the second estimate of Q1 GDP, and pending home sales for April. Otherwise, Central bank speakers include the Fed's Barkin, Goolsbee, Kugler, Daly and Logan, along with Bank of England (BoE) governor Andrew Bailey. Here's a snaphot of what's on the agenda: 7am: Trading updates: Nationwide (NBS.L), Helios Underwriting (HUW.L), Braemar (BMS.L), Hollywood Bowl (BOWL.L), AutoTrader (AUTO.L) 9:30am: ONS estimates of inflation for different household types 1:30pm: Second reading of US GDP 1:30pm: US weekly jobless claimsStocks in Asia were higher overnight as the US Court of International Trade ruled that the Trump administration did not have the authority to impose most of the tariffs that have been announced. It said the administration had exceeded their legal authority, and that the International Emergency Economic Powers Act (IEEPA) 'does not authorize the President to impose unbounded tariffs.' The court gave the administration 10 days in order to 'effectuate' the judgement — the ruling covers the 10% baseline tariffs, the 25% tariffs on Canadian and Mexican products, the extra 20% on China, as well as all the reciprocal tariffs that have been paused until 9 July. However, there are a few exceptions not covered by the ruling, including the tariffs on steel, aluminium and automobiles. The Nikkei (^N225) rose 1.9% on the day in Japan, while the Hang Seng (^HSI) gained 1.4% in Hong Kong. The Shanghai Composite ( was 0.7% up by the end of the session. The Kospi (^KS11) was also up 1.9% after the Bank of Korea delivered a 25bp rate cut overnight, in line with expectations, taking the policy rate down to 2.5%. They also cut their growth forecast for this year to 0.8%. Across the pond on Wall Street, the S&P 500 (^GSPC) slipped 0.6%, falling back after the previous day's 2.05% surge, and the tech-heavy Nasdaq (^IXIC) was 0.5% down. The Dow Jones (^DJI) fell 0.6%. Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets, and happening across the global economy. Coming up today we have US data releases which include the weekly initial jobless claims, the second estimate of Q1 GDP, and pending home sales for April. Otherwise, Central bank speakers include the Fed's Barkin, Goolsbee, Kugler, Daly and Logan, along with Bank of England (BoE) governor Andrew Bailey. Here's a snaphot of what's on the agenda: 7am: Trading updates: Nationwide (NBS.L), Helios Underwriting (HUW.L), Braemar (BMS.L), Hollywood Bowl (BOWL.L), AutoTrader (AUTO.L) 9:30am: ONS estimates of inflation for different household types 1:30pm: Second reading of US GDP 1:30pm: US weekly jobless claims Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Trump's tariff reprieve pushes gold down for second straight session
Gold prices declined for a second consecutive session on Tuesday, as risk sentiment improved following U.S. President Donald Trump's decision to postpone tariffs on the European Union. Spot gold fell 1.2% to $3,302.10 an ounce by 02:03 p.m. ET (1802 GMT) after rising nearly 5% last week. U.S. gold futures settled 1.9% lower at $3,300.40. "There is a lot of volatility in gold prices as we keep having things change on the tariff front. Currently, the market may be under the impression that there is a deal to be had and that is pressuring gold," Bart Melek, head of commodity strategies at TD Securities, said. A weekend telephone call between Trump and EU chief Ursula von der Leyen gave "new impetus" to trade talks, the EU said, after Trump dropped his threat to impose 50% tariffs on imports from the European Union next month. The U.S. dollar strengthened and stock index futures surged. A stronger dollar and rising risk sentiment weighed on gold, a dollar-denominated asset typically favoured during periods of economic and geopolitical uncertainty. Federal Reserve Bank of Minneapolis President Neel Kashkari called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation. The minutes from the Fed's latest policy meeting are set to be released on Wednesday. Key U.S. economic data scheduled for release this week include the first-quarter GDP estimate, weekly unemployment claims, and the core PCE price index. "Our longer term bullish view on gold has not changed. As soon as the market believes that the Fed is going to cut (rates), gold will start doing well," Melek added. Zero-yield bullion tends to do well in a low-interest rate environment. Elsewhere, spot silver slipped 0.4% to $33.21 per ounce, platinum fell 0.1% to $1,084.02 and palladium dropped 1.2% to $975.49.
Zawya
27-05-2025
- Business
- Zawya
Trump's tariff reprieve pushes gold down for second straight session
Gold prices declined for a second consecutive session on Tuesday, as risk sentiment improved following U.S. President Donald Trump's decision to postpone tariffs on the European Union. Spot gold fell 1.4% to $3,296.79 an ounce by 0901 ET (1301 GMT) after rising nearly 5% last week. U.S. gold futures lost 2.1% to $3,296.10. "There is a lot of volatility in gold prices as we keep having things change on the tariff front. Currently, the market may be under the impression that there is a deal to be had and that is pressuring gold," Bart Melek, head of commodity strategies at TD Securities, said. A weekend telephone call between Trump and EU chief Ursula von der Leyen gave 'new impetus' to trade talks, the EU said, after Trump dropped his threat to impose 50% tariffs on imports from the European Union next month. The U.S. dollar strengthened and stock index futures surged. A stronger dollar and rising risk sentiment weighed on gold, a dollar-denominated asset typically favoured during periods of economic and geopolitical uncertainty. Federal Reserve Bank of Minneapolis President Neel Kashkari called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation. The minutes from the Fed's latest policy meeting are set to be released on Wednesday. Key U.S. economic data scheduled for release this week include the first-quarter GDP estimate, weekly unemployment claims, and the core PCE price index. "Our longer term bullish view on gold has not changed. As soon as the market believes that the Fed is going to cut (rates), gold will start doing well," Melek added. Zero-yield bullion tends to do well in a low-interest rate environment. Elsewhere, spot silver slipped 1.2% to $32.96 per ounce, platinum fell 0.2% to $1,082.63 and palladium eased 0.3% to $984.50.
Yahoo
26-05-2025
- Business
- Yahoo
Lithium Americas Launches $100 Million At-The-Market Program
Lithium Americas Corp. LAC recently entered into an equity distribution agreement with TD Securities (USA) LLC and TD Securities Inc. Under this agreement, the company may sell its common shares, with no par value, for a total offering price of up to $100 million (or the equivalent in Canadian dollars) through an at-the-market (ATM) offered through the ATM Program will be sold via the New York Stock Exchange (NYSE), the Toronto Stock Exchange (TSX), or any other trading platform defined under applicable securities laws and otherwise agreed upon by the company and the agent, based on the prevailing market price at the time of sale. The timing and volume of any sales will be determined solely at the company's discretion, in line with the terms outlined in the TSX has conditionally approved the listing of the shares to be issued under the program, and the company has applied for approval from the NYSE for its listing as well. However, Lithium Americas is under no obligation to sell any shares under the program. The ATM Program will remain active until either all the shares authorized for issue under the program are issued and sold or the program is otherwise terminated in accordance with the distribution agreement, whichever is plans to use any net proceeds from the ATM Program, if generated, for general corporate purposes. These may include covering corporate and project-related overhead costs, funding capital expenditures, repaying debt and increasing working of LAC have lost 27.3% over the past year compared with a 9.8% decline of its industry. Image Source: Zacks Investment Research LAC currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Alamos Gold Inc. AGI and Hawkins, Inc. HWKNCarpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 110% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Alamos Gold current-year earnings is pegged at $1.29 per share. AGI, carrying a Zacks Rank #1, surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing twice, with an average earnings surprise of 1.4%. The company's shares have rallied 58.1% in the past which currently carries a Zacks Rank #2, beat the consensus estimate in one of the trailing four quarters, while missing thrice. In this time frame, it has delivered an earnings surprise of roughly 8.2%, on average. The company's shares have rallied 43.6% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report Lithium Americas Corp. (LAC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
