February 8, 2020

On Friday, the markets gave back a little of the big gains of last week. The S&P 500 was down 0.5% and Toronto was down 0.6%.

Linamar was down 4.2% probably due to its exposure (so to speak) to the situation in China.

Auroa Cannabis was down 15.2% which was due to its deteriorating outlook.

BHP was down 3.0% which may be due to the fact that it sells a very large portion of its production in China.

FedEx was up 4.7% after announcing it will lower its costs by having its FedEx ground division handle the final deliver to residential customers for its FedEx (air) Express segment. Possibly, I was hasty in giving up on FedEx but I’d like to see some actual better results as opposed to more announcements that things will get better. 

 

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