Wells Fargo is updated and rated Buy at $50.45. Possibly it should be rated higher than that but I will be a bit conservative due to its leveraged nature as a Bank and due to the still slow U.S. economic recovery.
Tuesday was a strong day in the markets with the S&P 500 up 2.0% and Toronto up 1.5%.
For the S&P 500, the recent market “correction” has been recovered back to a good degree.
Notable gainers included Constellation Software up 4.6%. Couche-Tard up 3.8%. Visa and Wells Fargo and Fedex all up 2.6%.
Canadian National Railway was out with earnings up 21% and with revenues up 16% and car loads up 11%. This is another sign that the economy in North America is growing.