On Monday, the S&P 500 was down 0.3% in a mild reaction to the partial destruction of Saudi Arabia’s oil refining infrastructure. Toronto was up 0.4% as oil rose about 10% in reaction to the reduced capacity of Saudi Arabia.
The large cap energy ETF XEG was up 9%.
Toll Brothers was up 5.2%. This was likely in reaction to an influential analyst “upgrading” the stock.
Couche-Tard was down 3.9%. I don’t know if that might be related to the potential that its sales of vaping products might be restricted due to new health concerns. In any case I am not too concerned and would consider adding to my position in this company if the price declines another few dollars.
Shopify announced it will sell 1.9 million class A subordinate voting shares. I did not see a price mentioned. The press release seems to imply that this is a new class of shares (since it said the issue was conditional on the shares being listed on the exchanges, but I don’t think that is actually the case. This move will likely cause a drop in Shopify’s price.