Latest news with #TSXComposite
Globe and Mail
03-05-2025
- Business
- Globe and Mail
Closing Bell: Power Financial Corp 4.20 Pct Pref Ser T up on Wednesday (PWF-PR-T)
In trading today, Power Financial Corp 4.20 Pct Pref Ser T shares closed at $22.05 after opening the day at $22.20. prices ranged from $21.98 to $22.20. The price advanced 0.14% from the previous day's close of $22.02. Today across North America, the TSX Composite closed -0.45% at 21880.95, the S&P 500 closed -0.77% at 5199.50, the Dow Jones Industrial Average closed -0.60% at 38763.45 and the Nasdaq Composite closed 1.03% at 16366.85. Power Financial Corp 4.20 Pct Pref Ser T has listed on the Toronto Stock Exchange (TSX) under the ticker PWF-PR-T. Trading volume was 106,900 on 79 total trades. On average, Power Financial Corp 4.20 Pct Pref Ser T has traded 31,381 shares in the last five days and 16,629 year-to-date. Trading across the entire TSX saw 1,858 price advancers against 3,319 declines and 108 unchanged. During the prior 52 weeks, has traded as high as $22.59 (May 09,2024) and low as $18.12 (September 14,2023). Moreover, in the last 12 months, Power Financial Corp 4.20 Pct Pref Ser T's shares have boosted 16.98 percent, while this year, they have advanced 11.65%. Following today's trading, Power Financial Corp 4.20 Pct Pref Ser T has a market capitalization of $0.00 on a float of 0 shares outstanding. Its annual EPS is $None. Power Financial Corp 4.20 Pct Pref Ser T is a TSX Insurance company headquartered in Montreal, CAN. Currently, Power Financial Corp 4.20 Pct Pref Ser T has an average recommendation of "Strong Sell" based on 0.00 analysts according to Zacks. From those 0 analysts,.
Globe and Mail
01-05-2025
- Business
- Globe and Mail
Closing Bell: Margaret Lake Diamonds Inc down on Monday (DIA)
Today in trading, Margaret Lake Diamonds Inc opened at $0.16 and closed at $0.16. Intraday prices ranged from a low of $0.16 to a high of $0.16. Shares dipped -13.51% from the previous day's close of $0.18. Today across North America, the TSX Composite closed 0.57% at 22673.52, the S&P 500 closed -0.88% at 5584.54, the Dow Jones Industrial Average closed 0.08% at 39753.75 and the Nasdaq Composite closed -1.95% at 18283.41. Margaret Lake Diamonds Inc has listed on the Toronto Venture Exchange (TSX-V) under the ticker DIA. Trading volume was 18,000 on 4 total trades. On average, Margaret Lake Diamonds Inc has traded 12,314 shares over 5 days and 11,548 year-to-date. The TSX-V overall saw 3,781 price advancers against 1,454 declines and 97 unchanged. During the prior 52 weeks, has traded as high as $2.30 (July 22,2022) and low as $0.13 (June 19,2023). Moreover, the shares have plummeted -90.86% in the last 12 months, while in 2024, they have decreased -20.00%. Following today's trading, Margaret Lake Diamonds Inc has a market capitalization of $758.00 thousand on a float of 4,741 shares outstanding. Its annual EPS is $-0.67. Margaret Lake Diamonds Inc is a None company headquartered in Vancouver, CAN. Margaret Lake Diamonds Inc is holding an average recommendation of "Strong Sell" from 0.00 analysts according to Zacks. From those 0 analysts,.
Globe and Mail
14-04-2025
- Business
- Globe and Mail
Market Analysis: April 10th, 2025
Global Market Update Canadian Markets Canada's main stock index, the TSX Composite, plunged over 3% on Thursday, erasing a portion of yesterday's big gains. Domestic data showed a 32% drop in Canadian travel to the U.S. by car in March, reflecting rising security worries and a push by Canadian consumers to spend more at home to support the local economy. The Canadian dollar has been strengthen as a result of the tariff exemption for goods that comply with the USMCA trade agreement between the United States, Mexico and Canada. American Markets U.S. stocks dropped back following a spectacular rally that had propelled the S&P 500 to its biggest one-day percentage gain since the 2008 financial crisis. Investors had briefly celebrated hopes of easing inflation and looser monetary policy. However, optimism faded as the ongoing tariff war between the U.S. and China reasserted itself, with fears that long-term damage to global trade could trigger a recession. Despite a surprise decline in U.S. inflation to 2.4% in March from 2.8% in February, sentiment soured quickly on concerns that geopolitical risks and retaliatory trade measures could weigh on earnings and growth. European Markets In Europe, stocks surged early Thursday on the back of yesterday's massive U.S. rally from yesterday. The ECB, however, tempered enthusiasm by warning of potential financial shocks to the European banking system amid persistent uncertainty. Adding to the continent's fragile outlook, German economic forecasters stated that the country would likely stagnate even if the U.S. abandons planned 'reciprocal' tariffs, citing structural issues and slowing industrial activity. In the UK, the FTSE 100 index soared 233.77 points (3.0%) to 7,913.25, while the FTSE 250 rose 3.5%, and the AIM All-Share advanced nearly 3%. Investors reacted positively to signs that price pressures are easing and took comfort from expectations that interest rate hikes might pause. Still, underlying worries persist: data showed a weakening UK housing market, attributed to mounting macroeconomic concerns and elevated borrowing costs. Corporate Stock News Alphabet Inc: Google teams up with PJM Interconnection to apply AI for faster grid connections. Waymo begins data collection in Tokyo—its first public road operation outside the U.S. Inc: Chinese sellers may hike prices or exit U.S. market over new tariffs. Amazon halts some China orders due to import uncertainty. U.S. container import bookings plunged 64% after tariff announcement. Apple Inc: Airlifted 1.5 million iPhones from India to U.S. to dodge tariffs. Lobbied to speed up customs clearance in India. Boeing Co, Lockheed Martin Corp, RTX Corp: Trump orders review of arms export rules to boost U.S. defense sales. Carnival Corp: Morgan Stanley cuts price target to $21 from $25 citing macro risks and industry concerns. Constellation Brands: Forecasts FY2026 profit below estimates due to new tariffs. Sells several wine brands. Q4 sales beat estimates at $2.16B. Energy Transfer LP: Partners with MidOcean Energy to jointly develop Lake Charles LNG project. MidOcean will fund and receive 30% of output. Keros Therapeutics Inc: Adopts poison pill to prevent hostile takeover amid strategic review process. Loblaw Companies Ltd: National Bank of Canada raises target to C$207 from C$192 on strong same-store sales and initiatives. Microsoft Corp: Wedbush cuts price target to $475 from $550 due to tariff-related supply chain uncertainty. Newsmax Inc: Judge rules statements about Dominion were false; trial will determine damages in $1.6B lawsuit. Occidental Petroleum Corp: Q1 oil and gas prices rose. Realized oil price was $71.07/barrel, gas at $2.30/Mcf, and NGLs at $25.94/barrel. RPM International Inc: RBC lowers target to $116 from $126 on weak Q3 results tied to weather and FX headwinds. Spire Global Inc: Canaccord raises target to $15.5 from $14.5 after sale of Maritime business to Kpler. STMicroelectronics NV: Denies insider trading; says stock sales followed automated procedures. Facing U.S. class action lawsuit. TC Energy Corp: Shuts part of ANR pipeline after third-party damage causes a gas outage near Fennville, Michigan. UBS Group AG: Confirms $3B share buyback in 2025. Ethos opposes move amid political tensions. Shareholders back compensation plan with 86.7% approval. Verticalscope Holdings Inc: CIBC cuts price target to C$6 from C$17 after the company lowered earnings forecast due to macro headwinds and restructuring. Volkswagen AG: VWAGY Q1 profit drops to €2.8B from €4.6B, citing tariff-related uncertainty. Walmart Inc: Bernstein cuts target to $107 from $113 on macro concerns affecting Q1 guidance.
Yahoo
26-03-2025
- Business
- Yahoo
Moody's lifts NVIDIA stock rating to Aa2, maintains positive outlook
-- On Wednesday, Moody's Ratings announced an upgrade to NVIDIA Corporation's (NASDAQ:NVDA) senior unsecured rating, elevating it to Aa2 from Aa3. Alongside this upgrade, Moody's affirmed NVIDIA's Prime-1 short term commercial paper rating and sustained the positive outlook on the company's ratings. The upgrade is attributed to NVIDIA's leading position in the artificial intelligence (AI) infrastructure sector, its strong prospects for long-term growth, and an impressive financial profile. NVIDIA's commitment to research and development, with an annualized run-rate of about $15 billion for the fiscal fourth quarter of 2025, is recognized as a key differentiator for its accelerated computing platform, which encompasses hardware systems, networking, and software technologies. NVIDIA's revenue and free cash flow are projected to exceed $200 billion and $90 billion, respectively, by the end of its fiscal year in January 2026. With $43.2 billion in cash and investments and a relatively low debt level of $8.5 billion, NVIDIA's financial health appears robust. The company's innovative strides in AI, particularly in Large Language Models (LLMs) with reasoning capabilities, are expected to drive demand for substantial data center capacity. Despite NVIDIA's strong market position, Moody's notes that geopolitical risks present significant challenges. Export controls in the U.S. have affected NVIDIA's revenue growth in China, although high product demand has mitigated some of the negative impact. Additionally, the concentration of NVIDIA's supply chain in Taiwan poses risks amid geopolitical tensions, although the company plans to diversify its supply sources over time. NVIDIA's revenue is also subject to volatility due to its reliance on a few large cloud service providers, which historically account for nearly half of its Data Center end market revenues. The growth of AI infrastructure spending could be hindered by various factors, including the uncertain return on large AI investments and electricity supply constraints for AI data centers. The positive outlook from Moody's reflects the expectation that NVIDIA will maintain strong earnings growth and further strengthen its cash position relative to debt. Future upgrades could occur if demand for accelerated computing platforms remains robust and NVIDIA's financial profile continues to improve. Conversely, a downgrade could be considered if there is a prolonged weakening in demand for AI infrastructure or if a shift in financial policy significantly erodes NVIDIA's cash position or leads to a substantial increase in debt. Related Articles Moody's lifts NVIDIA stock rating to Aa2, maintains positive outlook Cassava Sciences must face malicious prosecution lawsuit over Alzheimer's drug Canada stocks lower at close of trade; S&P/TSX Composite down 0.70%
Bloomberg
06-03-2025
- Business
- Bloomberg
S&P Proposes Looser Rules for Membership in Canada Stock Indexes
S&P Dow Jones Indices is proposing changes to eligibility criteria that would let companies that aren't domiciled in Canada remain part of the S&P/TSX Composite index. The suggested modifications are in response to 'observed trends' and market inquiries around its current policy, which requires companies to be legally based in Canada in order to be included in the TSX Composite and other stock gauges, according to a press release.
