On Thursday, markets recovered much of Wednesday’s decline.
The S&P 500 was up 1.25% and Toronto was up 0.5%.
Aecon Group was up 3.8%. It has done well lately. I’ll wait until I see its Q4 numbers before commenting on whether or not it has put its troubles behind it.
Costco was up 1.5% and closed above $700 for then first time. I had thought it was too expensive but I said before that betting against this company tends to turn out badly. Yahoo Finance shows it trading at 48 times trailing earnings and 44 times forecast foreword earnings. That’s about as high as I have seen it. Soon it will report January same-store sales and we will see how that looks.
Cameco was up 5.4%.
Most of the preferred shares on our list were also up today.
Shopify was down 4.6%.