July 25, 2022 10 am easter time

Markets are quiet this morning…

We are just getting into the Q2 earnings reports for Canadian companies. This could move markets this week. I expect most have done well. Main stream grocers like Sobeys and Metro may have lost ground to Costco and had a hard time keeping up to cost increases. I think Canadian Tire and Canadian National will have good reports but we shall see. 

I’m going to run  few numbers on Tesla. It will certainly not look like a bargain. The forward P/E is 71 and the trailing is 111.  I’m interested partly because I took delivery on a Tesla Model Y on June 1.  I might buy just a few shares and then keep an eye on it. 

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