February 24, 2015

On Tuesday, the S&P 500 rose 0.3% while Toronto fell 0.2%

Toll Brothers released a good earnings report and the stock rose 3.8%. I plan to update the report by Sunday. It will remain rated Buy or possible drop to (lower) Buy. I am not planning to sell to take any profits at this point.

Bombardier showed a bit of life and was up 6.4% to $2.50.

Couche-Tard was up 2.7% and Agrium was up 2.9%.

Boston Pizza was up 1.3% to a new high of $23.00 and is probably still a good Buy at that price for income.

Bank stocks were down somewhat today. They face the head winds of possible loan losses in the energy sector, a slower economy and perhaps most important, low interest rates that squeeze their margins. In order to keep growing profits they may have to increase service fees or start charging negative interest on deposits (which would cause a revolt) or cut costs. Banking may be ripe for even more automation to cut costs. A positive should be higher profits from their U.S. operations when translated into Canadian dollars.