On Tuesday, the S&P 500 was down 0.5% and Toronto was down 0.2%.
TFI International was up another 7.1% to $140.86. This was after releasing earnings. The performance here has been stunning. I’ve always sung the praises of its management. But this is a mature trucking company, albeit growing by acquisition. The recent gains are remarkable. I sold too early but still made strong gains. A thought that comes to mind is “winners win”. I’ve written about that before. I’m talking profits more so than stock prices but the earnings drive the stock price.
Shopify just reported another quarter of great growth. It’s been the type of stock that defies my analysis. Always looks extremely expensive but then outperforms. I would note that the vast majority of earnings this quarter came from an equity investment and not its own operations. But it can probably increase earnings on its own operations at will. It continues to focus on growth and it has been a huge success.
Pre-markets indicate that stocks will rise today. Onwards…