May 14, 2015

On Thursday, the S&P 500 rose 1.1% and is basically at its record high. (Which is in no way a danger signal.) Toronto was up 0.3% and is about 4.5% below its all time high.

Stantec was up 4.6% to $34.52 after reporting good earnings. We had last rated it a Buy in December at $31.15.

Bombardier which is a speculative near penny stock was up 5.12% after announcing some layoffs due to weakness in business jet sales. The layoffs and weakness were not unexpected and had been telegraphed in recent news stories. I hold some Bombardier as a speculative pick.

Canadian Tire was up 1.7% after releasing a good earnings report.

I plan to have several reports updated in the next few days.