November 1, 2012 Comments

Stantec was a big gainer today, up 8.4% to $37.29 after it released Q3 earnings. Our last update had rated it (lower) Strong Buy at $31.25 on May 27. See the detailed comments under May 27. It was rated Strong Buy at the start of this year at $27.57 and has risen 35% since then. I plan to update the report within a few days. I have not looked at the earnings report as yet.

Other notable gainers for us were Bank of America up 4.5%, MicroSoft up 3.4%. Visa up 3.7% and Research in Motion up 10.1% (rumors of its impending death having been greatly exaggerated, apparently).

Markets in general did very well due to reports of a rise in Consumer Confidence and two favorable jobs reports out this morning. Another jobs report come out Friday morning and will likely set the tone for the market on Friday.