Markets were down a little on Thursday as the S&P 500 declined 0.3% and Toronto ws down 0.2%.
Penny stock Ceapro was up 14% to 65 cents. There was no news to explain this and so we should not read too much into it.
Toll Brothers was up 4.0%.
Most rate reset preferred shares rose today. The down-side of rate resets is that with interest rates remaining lower for the foreseeable future they will reset at low yields. But if the going market yield is so low then that should make even a 3 or 4% rate reset yield more attractive. It would be terrible to be stuck with a 3.5% yield in a world where the going rate was 6%. But not so terrible in a world where the going rate on bonds is at today’s (and apparently tomorrow’s) very low levels.
I have added a new company to the list of stocks on the subcriber home page. RIWI corporation is very tiny and sutitable for only a small speculative investment. But it does have good potential. I am rating it Specualtive Buy at my analysis price of $2.95. It closed today at $3.00. The analysis is in U.S. dollars because they report in U.S. dollars. This company was discussed very favorably in April 2019 on this web site by my associate Zach Trease Zach confirms that he continues to be a strong believer in this company.