October 22, 2020

On Thursday, the S&P 500 was up 0.5% and Toronto was up 0.3%.

AutoCanada was up 4.9% and is basically at a 52 week high. Analysts mostly rate it a Buy. It will be interesting to see how their Q3 went.

Toll Brothers was down 2.6%. 

After the close, TFI International released strong Q3 earnings and raised its dividend. It appears that the higher earnings matched expectations. If so, the stock may not react much. But it may react more to any comments about the outlook.

Given the current second wave of the pandemic and the increasing lockdowns  it seems wise to be somewhat cautious on markets at this time. Markets have had a fantastic run since the March lows. Things could obviously swing back in the other direction at any time.

 

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