2023

On Friday the S&P 500 was down 0.2% while Toronto was essentially unchanged.
Aecon Group was up a modest 2.65% after announcing it has secured a billion dollars of new work at the Bruce nuclear generating station. I suspect that the market, like ...

Thursday's action saw the S&P 500 down 0.2% and Toronto down 0.4%.
Canadian Tire was down 2.5% which was a modest drop given its weak Q1. It seems the market has confidemce that the rest of the year will look better than Q1.
Linamar was up 3.8%. ...

On Wednesday the S&P 500 was up 0.45% and Toronto was down 0.4%.
The Boston Pizza Royalties Income Fund was up 2.7% after releasing Q1 results. It yields 7.9% and appears set to continue to do well.
After the close, Melcor Developments reported Q...

On Tuesday, the S&P 500 was down 0.5% while Toronto was unchanged.
Cameco was up 3.8%. Possibly this will be a good year for the nuclear fuel miner. 
AutoCanada was down 2.1% to $16.26. The company itself seems confident of growth but the market ...

TFI International is updated and rated Buy at $141.57. This has been a truly fantastic company over the years and has been extremely well managed. It is currently facing an industry downturn and the price has pulled back somewhat. This is likely an o...

On Monday the S&P 500 was about unchanged and Toronto was up 0.2%.
Shopify gained another 3.7%.
This week a number of Canadian companies on our list report Q1 earnings. This includeds Melcor Developments, Canadian Tire and Stantec.
U.S. stocks ar...

Just when markets seemed particularly gloomy they offered up a strong day on Friday as the S&P 500 rose 1.85% and Toronto rose 1.5%.
Shopify was up another 6.9%. Apple was up 4.7%., Visa was up 2.7%.  Starbucks was up 2.4%. American Express was u...

Markets were down modestly on Thursday with the S&P 500 down 0.7% and Toronto down 0.6%.
Shopify surged up 23% after announcing it would sell its logistics operation and reduce staff. 
AutoCanada got pushed down 17% to $16.09 after releasing earn...

Wednesday was an eventful day in the markets.
The FED raised interest rates by another 0.25% to "approximately 5.1%". It's a target of 5 to 5.25%.
While this is not high by historic standards it is really an epic increase from the level of 0 to 0.25%...

Markets were weak on Tuesday with the S&P 500 down 1.2% and Toronto down 1.0%.
Restaurant Brands International was strong with a 2.8% gain.
AutoCanada was notably weal with a 6.6% decline. They will report earnings tomorrow after the close of tra...

Markets were little changed on Monday with the S&P 500 about unchanged and Toronto up 0.1%.
First Republic Bank which was somewhere around the 15th largest bank in the U.S. was seized by the Federal Deposit Insurance Corporation on the weekend an...

Most of you will have received emails from me this year as I sent out editions of the free newsletter.  If you did not receive that then add your email to the free newsletter list using this link or the link at the top of every page on this web site....

This post repeats what I said in the free newsletter mailout that I  sent out on April 28. I am repeating it here because I need to be able to link to it. And I have one correction below.
Last edition [of the free newsletter] I explained how Silicon ...

Markets staged a strong rebound on Thursday with the S&P 500 up a hefty 2.0% and Toronto up 0.8%.
Almost all the stocks on our list gained on the day.
 
...

Wednesday was another negative day in the markets with the S&P 500 and Toronto both down 0.4%.
TFI International was down 11.3% to $139.20  after reporting its latest earnings. It has been a fantastic company for years but could not escape a gene...

Markets were down noticeably on Tuesday with the S&P 500 down 1.6% and Toronto was down 1.15%.
The great majority of stocks were down on the day.
Markets were spooked partly by another regional bank First Republic looking like it could potentiall...

On Monday, the major stock market indexes were little changed with the S&P 500 up 0.1% and Toronto down 0.1%.
After the close CN Rail reported good earnings a good outlook for earnings despite expecting the economy to slow somewhat.
...

On Friday the S&P 500 was up 0.1% and Toronto was up 0.3%.
The great majority of the stocks that I keep a close eye on wee up on the day. This included the rate reset preferred shares.
I have updated my reference article that breaks out Canada's ...

On Thursday the S&P 500 was down 0.6% and Toronto was down 0.2%.
Stantec was up 2.1%. 
Costco was up 1.9% after announcing the 13% increase to its dividend. The dividend is definitely not what drives the value here but the increase is a sign of c...

Both the S&P 500 and the Toronto exchange closed about unchanged on Wednesday.
After the close, Costco increased its dividend by 13%. This is a better kind of inflation. Costco however is not much of a dividend stock as the yield remains under 1%...

Markets were not much changed on Tuesday with the S&P 500 up 0.1% and Toronto up 0.2%.
AutoCanada was up 2.0% after announcing an acquisition of a very large GM dealership in Windsor Ontario. They will use their line of credit to pay for it. My t...

Stocks mostly moved somewhat higher on Monday as the S&P 500 and the Toronto stock excahnge were each up 0.3%.
Shopify was strong with a 4.8% gain.
Bank of America was up 2.9%.
Tomorrow, the March inflation number for Canada will be reported and ...

Markets were mixed on Friday as the S&P 500 was down 0.1% while Toronto was up 0.1%.
Linamar was up 2.3%. 
The two Brookfield Office Properties rate reset preferred shares on our list were up modestly once again, but also once again on thin volum...

Markets were solidly higher on Thursday with the S&P 500 up 1.3% and Toronto up 0.5%.
Amazon was up 4.7% but remains well below its 52 week high.
Apple was up 3.4%.
Visa was up 2.1%. 
BPO.PR.G was up 4.6% to $16.53. BPO.PR.A was up 2.5% to $12.16...

U.S. markets had been higher most of the day on Wednesday but ended the day moderately lower.
The S&P 500 was down 0.4%. But Toronto managed a 0.2% gain.
The Bank of Canada left interest rates unchanged. But in general, hopes that interest rates ...

The Toronto stock exchange index was up 0.7% on Tuesday as oil prices rose. The S&P 500 was  unchanged.
The two Brookfield Office Properties rate reset preferred shares on our list staged a modest partial recovery today with gains of 5.2 and 6.1%...

On Monday the S&P 500 was up 0.1% and Toronto was up 0.4%.
The Boston Pizza Income Trust units were up 3.7%. It had announced a small increase to its distribution last week.
Perennial winner TFI International was up 2.9%.
The Brookfield Office Pr...

The report on Alimentation couch-Tard is updated and rated Buy at $67.95. 
Based on its past earnings and excellent management this company looks very attractive. It's latest announced pending big acquisition in Europe will almost certainly boost its...

On Thursday markets were quiet as we head into the Easter long weekend. 
The S&P 500 was up 0.4% and Toronto was up 0.2%.
Costco was down a modest 2.2%  to $486 after reporting weak same-store sales growth. Their same-store sales have grown fairl...

Markets were down moderately on Wednesday as the S&P 500 fell 0.25% and Toronto fell 0.6%.
Shopify was down 5.0%.
The two Brookfield Office Properties Rate Reset Preferred shares on our list got hammered again today.
BPO.PR.G was down 5.2% and BP...

Markets were generally down on Tuesday with the S&P 500 down 0.6% although Toronto was about unchanged.
The great majority of the stocks that I monitor were down.
The Brookfield Office Property rate reset preferred shares were down once again. Pr...

The report on Royal Bank of Canada is updated and rated (higher) Buy at $130.08 or US $96.33.
The bottom line is that it looks attractively valued but banks are always highly leveraged and dependent on sophisticated risk management systems and models...

On Monday the S&P 50 was up 0.4% while Toronto, benefiting from the OPEC announced production cut, was up 0.9%.
The Energy ETF, XEG was up 5.3%.
AutoCanada was up 3.4%.
Almost forgot, Trump gets arrested tomorrow. Hopefully pretty much a non-even...

Friday's session saw the S&P 500 up a strong 1.4% and Toronto up 0.8%.
Almost all the stocks on my list were up.
But the market continued not to like the Brookfield Office Properties rate reset preferred shares.
Today, OPEC surprised the market w...

On Thursday, the S&P 500 was up 0.6% and Toronto was up 0.5%.
Constellation Software was up 2.4%.
After the close came the news that Donald Trump is being indicted and charged with some 30 financial fraud charges. I don't know if the market will ...

Markets were strong on Wednesday as the S&P 500 rose 1.4% and Toronto rose 0.9%.
lululemon was up 12.1% after releasing earnings and outlook. 
Shopify was up 5.1%.
The Brookfield Properties Ltd. rate reset preferred share that is on out list (BPO...

On Tuesday markets ended "little changed" with the S&P 500 down 0.2% and Toronto up 0.2%.
There were no particularly notable moves in the individual stocks that I track.
But lululemon was up 12% in after-hours trading after releasing earnings.
Wo...

Markets rose modestly on Tuesday as the banking crisis seems to be getting better.
The S&P 500 was up 0.2% and Toronto was up 0.6%.
Tomorrow's excitement in Canada will be the federal budget coming out after the market closes. 
...

The report on Melcor Developments is updated and rated (higher) Buy at $11.36.
Admittedly, this has been a poor investment since it peaked at over $26 back in 2014. It then fell as much lower oil prices caused a recession in Alberta and then after a ...

On Friday, the S&P 500 was up 0.6% and Toronto was up 0.2%.
Aecon Group which had been strong lately was down 4.1%. It has had two recent major asset sales and it did not reveal the gain on either one. There will be clarification on this when it ...

Apparently, nothing major happened in the financial markets today. And that's a good thing.
The S&P 500 was up 0.3% and Toronto was down 0.4%.
The 5 year government of Canada bond yield is at 2.8%. Down substantially from 3.6 to 3.7% in early Mar...

On Tuesday, markets rose for the second day in a row. The S&P 500 was up 1.3% and Toronto was up 0.7%.
There were some indications that the bank contagion may not get any worse.
Canadian inflation came out lower than expected at 5.2% year over ye...

Markets were up modestly on Monday as the S&P 500 was up 0.9% and Toronto was up 0.7%.
It's not clear that the bank issues have been resolved yet and so markets are likely to continue to be volatile.
 
...

The report on WSP Global is updated and rated Weak Sell / Hold at $173. It's a strong company and could continue to go up. But it seems expensive at 30 times trailing adjusted earnings.
...

Friday continued a pattern of one day up and next day down for the markets. Friday's turn was down.
The S&P 500 was down 1.1% and Toronto was down 0.8%.
AutoCanada was down 3.9% to $18.69. There are certainly some headwinds as mentioned in my rec...

Markets bounced higher on Thursday with the S&P 500 up 1.8% and Toronto up 0.8%.
After the close, Melcor Developments reported Q4 and 2022 earnings. Although lower than 2021 The earnings were likley better than expected (to the extent that anyone...

Stantec is updated and rated (lower) Buy at $79. It's strong Q4 capped off a strong 2022. The company has been firing on all cylinders and expects continues growth in 2023 and beyond. The only concern is that at 25 times earnings it is not cheap. It'...

On Wednesday the markets continued a yoyo reaction to the developing bank issues.
With Swiss bank Credit Suisse apparently in trouble, market reacted negatively.
The S&P 500 was down 0.7% and With lower oil prices. Toronto was down 1.7%.
Couche-T...

So a bit more bank contagion this morning. The thing with contagion of any kind is that it will always be initially denied. To do otherwise is akin to yelling fire inside a very crowded building - people could get trampled.
I don't know if there is m...

Markets are staging a nice recovery today with the S&P 500 up 1.9% and Toronto up 1.2%.
I have some thoughts on the banks:
The banks are paying 4.75% (RBC) to 4.92% (Canadian Western bank) on one year GICs.
Obviously they have to charge interest ...

Markets on Monday survived the first day after the Silicon Valley Bank failure and the related Signature Bank failure. But there were some impacts.
The S&P 500 ended the day down 0.15% while Toronto with its heavier bank exposure was down 0.9%.
C...

No one said that investing was dull and this weekend certainly provided some excitement and stres for investors.
The Silicon Valley Bank depositors have been fully protected. That was what I expected since the main purpose of bank regulation is to pr...

The Melcor REIT report is updated and rated (lower) Buy at $5.60 and yielding 8.6%.
I use Adjusted Funds from Operation per unit as the adjusted earnings figure. This was down 14% in 2022 due to higher expenses. Utilities costs were up.  The REIT is ...

On Friday the S&P 500 and the Toronto stock exchange were each down 1.5%.
Markets reacted negatively to the strong jobs report in the U.S because it adds fuel to predictions that the FED will raise interest rates even more than previously thought...

Markets were pretty much a sea of red on Thursday with the S&P 500 down 1.85% and Toronto down 1.3%.
Linamar got spanked down 13.7% after releasing earnings and a weak outlook.
Aecon Group (up 0.7%) and Constellation Software (up 1.1%) and Dollar...

The report on Canadian Western Bank is updated and rated Strong Buy at $25.65.
Its Q1 report appeared strong but was actually weak after adjusting for an unusual earnings boost caused by the recover of a prior bad debt. Earnings have suffered due to ...

Wednesday's action saw the S&P 500 up 0.1% and Toronto up 0.35%.
Constellation Software was up 3.2%. I'm not aware of any specific reason but it has just been such a well managed and highly profitable company since about forever!
AutoCanada was u...

Markets crumbled somewhat on Tuesday ad the Fed chair signaled that the U.S. Fed funds rate would ultimately be going higher than previously thought.
The S&P 500 was down 1.5% and Toronto 1.2%.
Aecon was strong once again with a 4.4% gain. 
I hav...

The report on AutoCanada is updated and rated (higher) Buy at $20.62. Its profits were down in Q4 despite higher revenues. Margins on new and used vehicles had been unusually high during much of 2021 and 2022 due to shortages of vehicles. But that ha...

On Monday markets started out stronger but closed with the S&P 500 up 0.1% and Toronto down 0.3%.
Aecon Group was up another 2.9%. 
lululemon was down 3.9%
AutoCanada was down another 7.8%. Clearly, the market did not like its Q4 results. I am no...

Aecon Group is a huge construction / infrastructure company. They do enormous projects including the new Gordie Howe bridge (Windsor / Detroit), large LRT projects, pipeline construction and much more. 
Aecon's profits have recently been abysmally lo...

The recent problems loading this site are caused by the web site hosting company. Yesterday only the home page would load and it was giving an error code [CFN #0005] that I have never seen before. This morning the site is loading quickly and properly...

On Thursday, the S&P 500 was up a healthy 0.8% and Toronto was up 0.4%
Canadian Western Bank was down 5.5% as I commented earlier today.
After the close, Costco reported earnings and same-store revenue growth was weaker than analysts hoped. Foer ...

Canadian Western Bank shares are down close to 5% after reporting Q1 fiscal 2023 earnings. Earnings were good but revenue was down. Credit losses were not a problem.
It's no surprise that net interest revenue would be down. We all know we are getting...

On Wednesday the S&P 500 was down 0.5% while Toronto was up 0.2%.
Aecon was up 8.4% after announcing better earnings and announcing it is selling a business in Ontario. I still think their profits are far too low but I need to go through the late...

Markets drifted lower on Tuesday with the S&P 500 down 0.3% and Toronto down 0.2%.
Aecon Group (the big construction company) was down 2.6%. Then it reported better-tan-expected earnings after the close. This has been a disappointing business. Th...

On Monday, the S&P 500 started off strong but ended the day up just 0.3% and Toronto was up a similar 0.2%.
There were no notable moves for any of the individual stocks on my watch list.
Warren Buffett's latest annual letter came out on Saturday....

On Thursday, the S&P 500 ended the day up 0.5% while Toronto was about unchanged.
Stantec was up 9.3% after releasing Q4 earnings and a strong outlook for 2023. As a side point, it would be a great thing is Turkey started using reputable engineer...

Markets down but only quite modestly today. The S&P 500 was down 0.2% and Toronto was down 0.3%. 
Toll Brothers was strong after its very strong reported earnings release and conference call with a 3.0% gain. And this was despite its contracted h...

Markets were quite weak on Tuesday as the S&P 500 fell 2.0% and Toronto fell 1.3%. For the reasons I explained earlier today - the market is taking notice of higher long-term interest rates.
Given this decline, almost everything on our list was d...

The report for this Enbridge Rate Reset preferred share is updated and rated (higher) Buy at $16.56.
I know, I know, this one and almost all rate reset preferred shares have been heart breakers. They do pay their dividends as promised but many like t...

I'm not surprised that markets are down today (S&P 500 down 1.6% and Toronto 1.0%).
I believe I have mentioned that stocks markets have been slow to react the the very recent increases in longer term interest rates which has occurred becasue the ...

Stocks edged lower on Friday on continued concerns about just how high interest rates will go as the FED and other central banks raise rates to cool the economy in order to fight inflation.
The S&P 500 was down 0.3% and Toronto was down 0.4%.
Tol...

Our report on Dollarama is updated and rated Weak Buy / Hold at $79.55. Dollarama has been a fantastic investment and is a fantastic business. At 31 times earnings it is not cheap. Still I was tempted to rate is a bit higher because of its track reco...

On Thursday markets fell as stock markets started to get the message that the interest rate hikes may go somewhat higher than recently hoped. I mentioned yesterday that I expected markets to turn attention to that.
The S&P 500 was down 1.4% and T...

It's RRSP season until March 1.
RRSP's sometimes get a lot of bad press. But they are still a great choice in some cases and Spousal RRSPs can be a fantastic choice in some cases. 
But back to the bad press...
Those now withdrawing RRSP funds in reti...

Stocks managed a small gain on Wednesday with the S&P 500 up 0.3% and Toronto was up 0.1%.
Shopify was notable with a 6.9% gain. But it then came out with earnings after the close disclosing a large loss but with revenues up 27%. The stock was do...

Markets were a bit confused as to how to react to the U.S. inflation report that came out this morning.
At the end of the day the report was not too different than expected and markets ended the day virtually unchanged.
Toll Brothers was featured on ...

On Monday stock markets were strong. The S&P 500 was up 1.4% and Toronto was up 0.4%. It was another good day to be an owner of stocks.
I sold some Toll Brothers today.  As mentioned yesterday, its earnings are basically certain to be lower in 20...

Toll Brothers is updated and rated Weak Sell / Hold at $58.47.
This is a very tough company to rate at the moment. Trailing earnings are at record levels with a 21% ROE and the the stock is trading at just 1.1 times book value and 5.8 times trailing ...

On Friday, the S&P 500 was up 0.2% and Toronto was up 0.1%.
Fortis Inc. was up 3.3% after reporting year-end earnings.
AutoCanada was down 5.1% giving back some of its recent gains. This may have been linked to a weak report from Magna.
 
...

On Thursday, the S&P 500 was down 0.9% and Toronto was down 0.4%.
Earlier hopes that the end of the hikes in U.S. interest rates was very near have begun to fade. Long-term interest rates have edged up after having declined in recent months.
Came...

Markets declined on Wednesday with the S&P 500 down 1.1% and Toronto down 0.2%.
Toll Brothers was down 2.6%.
Toll brothers will be my next update. The company remains optimistic about the future although fully recognising the current slower marke...

Markets were initially lower on Tuesday but ended the day higher on talk that inflation might be heading down.
The S&P 500 was up 1.3% and Toronto was up 0.5%.
TFI International was up 6.8% after releasing Q4 earnings. 
After the close, West Fras...

Markets declined modestly on Monday as long-term interest yields were on the rise. 
The S&P 500 and Toronto were each down 0.6%. 
Most stocks were down on the day.
But what a start it has been to this new year. After losing ground in 2022 our Buy...

The report on Visa Inc. is updated and rated (lower) Buy at $230. This is a fantastic company and despite the high P/E ratio of 29 it may still be a good investment at this price. I'm holding a reasonable allocation to VISA and have no plans to sell....

On Friday, the S&P 500 was down 1.0% because the huge January job gains at 517,000 net new jobs stoked fears that the end of the interest rate hikes is no so nigh after all.
Toronto managed a gain of 0.1%.
Starbucks was down 4.4% as its China sal...

On Thursday, the S&P 500 was up 1.5% while Toronto was about unchanged.
Meta (Facebook)rocketed up 23% after its earnings announcement and outlook. 
I rarely comment on companies I have not recently analysed but I did mention on January 11 Meta (...

The Toronto stock index was down 0.1% on Wednesday.
But the U.S. market rose after the FED raised interest rates by 0.25% (not as high as some feared)m and apparently indicted that the end of the rate hikes was possibly in sight but that two more inc...

Tuesday was a strong day in the markets. The S&P 500 was up 1.5% and Toronto was up 0.95%.
AutoCanada was notable with a 7.5% gain today.
FedEx and toll Brothers were each up 5.3%.
Overall, the gains is January were very strong with the S&P 5...

On Monday, the S&P 500 was down 1.3% and Toronto was down 0.7%.
It seems that most "tech" stocks were down. Shopify was down 5.2%.
Cameco was up 1.2% and has been strong lately for reasons that I am not familiar with. (Probably higher uranium pri...

On Friday, the S&P 500 was up 0.25% and Toronto was up 0.1%.
American Express ended the day up 10.5% after predicting better growth in 2023.
VISA was up 3.0%. I was reading the first part of their annual report today. This is an extremely powerfu...

The report on Enbridge is updated and rated Buy at $54.53. 
I spent a lot of time reading its annual report. It has an almost dizzying list of oil and gas pipelines and some windmill assts. This a massive company. It does not appear to have made many...

Thursday's session saw the S&P 500 up another 1.1% and Toronto up 0.5%.
West Fraser Timber for whatever reason was up 8.0%. It may be that the various timber companies have sort of shared the plant shutdowns around (quietly and without officially...

With market up so strongly this month and again today, my thoughts turn to trimming some positions to build cash and to ultimately move more money into more predictable stocks. We've seen a number of strong rallies since the early Summer of last year...

First, a comment about spam and dangerous emails.
I think we are all aware that the spammer are getting more sophisticated.
If you ever see an email purportedly from investorsfriend with an attachment or a PDF it is almost certainly fake. If in doubt...

The Bank of Canada raised its interest rate this morning by 0.25% to 4.5% and apparently signaled that it's likely done raising rates. Directionally, that is good news for stock prices and longer term rates are coming down in reaction to the news.
Bu...

Markets were Quiet on Tuesday with the S&P 500 up 0.1% and Toronto essentially unchanged.
We are now in the thick of Q4 earnings reports for U.S. companies and a few early-bird Canadian companies have also reported.
After the close CN Rail report...

Monday, was another strong day in the markets with the S&P 500 up 1.2% and Toronto up 0.6%.
Shopify was up an impressive 8.9%.
Costco was up 2.6% which is a reasonably big move for that company.
Canadian Western Bank was up 1.9%.
It's nice to enj...

Friday was a strong day in the markets  with the S&P 500 up a hefty 1.9% and Toronto up 0.8%. Shopify was up 5.6%.
Visa Inc. was up 1.8% to $224.31. It's up 8% since January 1 and about 12% since I updated it as a Buy on December 22 at $201. That...

Thursday's action saw the S&P 500 down 0.8% but Toronto was down only 0.2%.
lululemon was down 3.2%.
No surprise that markets are having a couple of down days. But look at long-term interest rates, they are still falling. (Good news for my VBAL i...

Note that you can also follow InvestorsFriend Inc. on Facebook (see link at the top of every page here). I'm more active on the InvestorsFriend Facebook page lately. Just go there and hit follow if you don't already follow it.
Markets are down modest...

It seems I neglected to make my usual comment yesterday. Well, The S&P 500 was pretty flat yesterday and Toronto was down modestly.
But today, Wednesday the markets had a down day after being up almost everyday in January. The S&P 500 was dow...

U.S. markets were closed on Monday for the martin Luther King Jr. holiday. Toronto was up just 0.15% on the day.
Apparently, the next thing to worry about is the U.S. debt ceiling crisis. They go down to the wire with this thing every few years and o...

I've been mentioning VBAL as a Buy including in the newsletter dated December 5. I therefore put it in the table of stocks as a Buy. It's a good default position to provide diversification. It got hammered last year because it includes an allocation ...

The report on Couche-Tard is updated and rated Buy at $63.36. What an incredible company this has been for decades! I weep about the times I sold it at a good profit only to miss out on larger gains. Such is life. More and more I am learning that the...

Markets edged up again on Friday. The S&P 500 was up 0.4% and Toronto was up 0.7%.
Shopify was up 6.1%.
Next week the market starts to turn its attention to the first of the Q4 2022 earnings releases including the big banks. Some such as J.P. Mor...

Markets pushed a little higher once again today with the S&P 500 up 0.3% and Toronto up 0.9%.
The optimism may continue until and unless there is a sign that inflation is not being slayed and / or that the Fed will continue to raise interest rate...

Wednesday was another positive day in the markets apparently based on hopes for or signs of (modestly) lower inflation. 
This positivity could increase or reverse course tomorrow as the U.S. December inflation report is due out tomorrow. (Let's all c...

Markets crawled a little higher on Tuesday with the S&P 500 up 0.7% and Toronto up 0.2%.
lululemon recovered somewhat with a 3.2% gain.
After the close West Fraser Timber announced it would curtail a lumber mill int he U.S. Probably will be a ver...

Markets ended Monday relatively flat with the S&P 500 down 0.1% and Toronto up 0.2%.
Rate reset preferred shares were mostly higher once again.
lululemon was down 9.3% after reporting lower margins. I don't think anyone who sees hpw busy their st...

Markets were very strong on Friday with the the S&P 500 up a hefty 2.3% and Toronto up 1.7%.
A softer U.S. jobs report and some signs of easing inflation apparently led to hopes that the interest rate hikes are nearly done. 
Costco was up 7.3% ba...

Thursday's action saw the S&P 500 down 1.2% and Toronto down 0.4%
Canadian Western Bank was up 2.8% and has a good recovery from recent lows.
Most of the rate reset shares that I track were up modestly.
After the close, Costco came out with their...

On Wednesday, the S&P 500 and Toronto were each up 0.75%.
Starbucks was up 3.8%.
Rate reset preferred shares were up 2 to 4 percentage points in most cases.
...

On this first trading day of 2023 the S&P 500 was down 0.4% while Toronto was up 0.3%.
Canadian Tire was strong with a 3.6% gain.
Apple was down 3.7%. 
Not too much happening in the markets today, and that can be a good thing.
...

Apple Inc. is returned to the list as of January 1, 2023 rated Buy.
I had added Apple to the list here back on January 24, 2019 After that the price soared over the following three years peaking at the end of 2021. The stock also split four for one. ...

On Friday the S&P 500 was down 0.25% and Toronto was down 0.5%.
For the year, the S&P 500 was down 19.4% and Toronto was down 8.7%.
I believe the stocks that are currently rated in the Buy or Strong Buy range in our table will do well in 2023...

Our report on the Canadian Western Bank preferred shares CWB.PR.B is updated and rated Strong Buy at $17.00.
These rate reset preferred shares have generally been heart-breakers for investors.  But when bought at large discounts to their $25 issue pr...

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