May 10, 2018

Thursday was a generally positive day in the markets.

The S&P 500 was up 0.9% and Toronto was up 0.3%.

BHP Billiton (BBL) was up 1.9%.

Stantec was up 1.9% after reporting earnings that were I guess reasonably good. They do still have some lingering problems related to their construction services division that they acquired about two years ago. They are now looking at options to possibly sell that business.

Linamar was up 2.2%.

Canadian Tire was down 5.4% after announcing earnings and announcing it will acquire Helly Hansen. I have not yet looked into the details. I would say though that Canadian Tire has proven itself to be extremely well managed and has been firing on all cylinders for years. I would tend to give management the benefit of the doubt here.