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Is this the start of more selloffs? Trump cancels stimulus talks, gold price, stocks plunge – Kitco NEWS



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As President Donald Trump calls off further stimulus negotiations with the Democrats until after the elections, stock markets are falling on the announcement. More volatility in the markets can be expected in the month before the election, said Bill Baruch president of Blue Line Futures.

The S&P 500 held onto gains in the early part of the trading session on Tuesday then fell more than 1% on Trump’s announcement.

October has historically seen volatility in equities markets. In the last two elections, in 2016 and 2012, both years saw stocks drop in October.

“I think we will see continued volatility into the election and we’ve already begun to see it. We had the melt-up through August and a very, very foreseeable top through September happened,” Baruch told Kitco News.

Baruch noted that a stimulus package would likely come only after the election.

“Coming out of the election, I think we’re going to see fiscal policy. The Federal Reserve, Chair Jerome Powell, has said that we need fiscal policy. They’re going to get something done and I think after the election they’re more free to do something,” he said.

Should a stimulus package be announced, that would be bullish for equities, Baruch added.

Yields are expected to rise, Baruch noted.

“Inflation is starting to show up. Look at the PCE numbers last week, 1.6%, we’re getting close to 2%. Now, the Fed isn’t going to hike rates coming out of 2%…but the conversation is going to start and when are they going to hike rates and we can start to see the timeline move back from 2023,” he said.

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Copper hits $7,000 a tonne as ‘green-tinted’ rally hots up – Financial Times



Copper hit $7,000 a tonne for the first time since 2018 on Wednesday, as strong demand in China and hopes for a wave of “green” stimulus measures lift the price of the vital industrial metal. 

Benchmark copper prices trading on the London Metal Exchange reached as high as $7,034 in afternoon trading, their strongest level since June 2018. The metal, used in everything from air conditioning units to cars and power networks, has risen about 14 per cent this year, on the back of supply disruptions and China’s rapid recovery from the coronavirus pandemic.

Chinese president Xi Jinping’s pledge last month that the world’s second-largest economy would be carbon neutral by 2060 is expected to lead to a focus on renewable energy in the country’s next five-year plan, which starts in 2021. In the US, Democratic presidential candidate Joe Biden has promised a $2tn green energy and infrastructure plan if he wins the election next month. 

Copper is emerging as one of the key ways for investors to gain exposure to a rollout of more wind, solar, batteries and electric cars, due to the metal’s use in electric wiring. “We believe investor interest in gaining exposure to the ‘decarbonisation’ theme is on the verge of reaching fever pitch,” said Max Layton, an analyst at Citigroup. 

China’s move last month was a “massive fundamental shift” that would give a meaningful uplift to copper demand over the next two to five years, especially in China’s electricity grid, Mr Layton said.

Analysts at Goldman Sachs said metals such as copper could enter a “green-tinted bull market”.

Copper consumption in the automotive and power sectors is set to grow by 2.3m tonnes over the next five years, accounting for almost three-quarters of projected global demand growth, Mr Layton said. 

On average, an electric car contains more than three times as much copper as an internal combustion car. Copper is also used in wind turbines and to connect renewable sources of generation to the grid.

In anticipation of its rising demand, China, the world’s largest consumer of copper, has been stockpiling supplies of the metal this year, according to analysts at Macquarie. Vivienne Lloyd, an analyst at the bank, estimates that China could have stockpiled 800,000 tonnes of the metal, based on the difference between imports and production. A rise in the renminbi to a two-year high on Wednesday against the dollar also makes copper cheaper for Chinese buyers.

“We do not believe that China has over-imported refined copper in 2020,” said Nicholas Snowdon, an analyst at Goldman Sachs. “The surge in refined imports has been a necessary offset to sharp declines . . . resulting from disruptions in mine supply and scrap flows.”

Copper’s rally has also been boosted by supply interruptions due to Covid-19 restrictions on mining companies. Antofagasta, the Chilean copper miner, said on Wednesday that its third-quarter production fell 4.6 per cent in the three months to the end of September from the previous quarter. 

Supply could be under further pressure depending on the outcome of a constitutional referendum in Chile this Sunday. Chile is the world’s largest copper producer, from mines owned by BHP, Glencore, Anglo American and Antofagasta. Miners could face higher taxes or tighter controls on their rights over water if Chile’s constitution is rewritten, according to analysts. 

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Tech Stocks Are Crushing the Market This Year: Where to Invest $1,000 Today – The Motley Fool Canada



Even amid a global pandemic that continues to wreak havoc on economies across the globe, the Canadian market is down just 5% on the year — not too bad considering at one point the S&P/TSX Composite Index dropped more than 30% in a single month.

The market crash earlier this year was one of the steepest drops that Canadians had faced in decades. It’s very possible that the worst has yet to come, but investors have witnessed an incredible bounce back over the past seven months.

The previously mentioned index has run up close to 45% since the last week of March. But even as strong as that bull run has been, many tech stocks have surged far more than 45% over the past seven months.

Canadian tech favourites like Shopify and Lightspeed have seen their share prices explode since the market began to rebound. Since the beginning of April, both tech stocks are up more than 200%.

Why are tech stocks soaring?

The global pandemic has dramatically increased the dependence on technology for both consumers and businesses across the globe. The trend of shifting towards a digital world was already evident, the pandemic just helped accelerate that digitization. As a result, we’ve seen stocks critical to helping digitize a business, such as Shopify and Lightspeed, soar throughout this pandemic.

It’s not just popular stocks like Shopify and Lightspeed that are on incredible bull runs, though. There’s a long list of Canadian tech stocks that deserve serious consideration for any investor that’s willing to hold for the long term.

I’ve covered a tech stock that has absolutely crushed the Canadian market this year. In addition to that, I believe that this company has a very strong chance to continue to outperform the Canadian market over the next decade.


The pandemic has altered the lives and routines of Canadians across the country — perhaps none bigger than the changes within the working environment. To respect social-distancing regulations, the percentage of employees working from home has skyrocketed this year. And the longer employees continue to do so, the harder it may be to return to the grind of the office commute.

Docebo (TSX:DCBO) is my top work-from-home stock. The tech company specializes in developing cloud-based learning platforms that provide a virtual training experience for employees. The technology is powered by artificial intelligence, aimed to develop a unique learning experience for each user.

The tech stock has been a public company for just over one year. It’s a short track record to review performance, but investors that picked up shares just about at any point over the past year would be sitting on gains today. 

Since the beginning of the year, the stock is up 215%. That’s not too bad considering the Canadian market is down 5%. But if you were fortunate to pick up shares at the lowest point of the year, you’d be up more than 400%. 

Valuation is my biggest knock against Docebo. Growth of more than 200% on the year doesn’t come without the risk of extreme levels of volatility.

The company trades today at a very expensive price-to-sales ratio of 30. It might seem high, but that’s the cost of investing in a company that has grown 400% over the seven months.

Foolish bottom line

Just because the market is down on the year doesn’t mean there aren’t any companies that are growing. The tech industry is full of stocks that are trading near all-time highs today.

If you’re able to hold for the long term and can stomach the highly anticipated volatility over the short term, this is one tech stock that has the potential to continue to outperform the market for a long time.

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Fool contributor Nicholas Dobroruka owns shares of Lightspeed POS Inc and Shopify. Tom Gardner owns shares of Shopify. The Motley Fool owns shares of and recommends Shopify and Shopify. The Motley Fool owns shares of Lightspeed POS Inc.

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WestJet, Air Canada in Twitter fight over flight refunds – Yahoo Canada Finance




Cell Surface Markers Market Research Report by Product, by Source, by Cell Type, by Application, by End User – Global Forecast to 2025 – Cumulative Impact of COVID-19

Cell Surface Markers Market Research Report by Product (Antibodies and Pcr Arrays), by Source (Mice and Rats), by Cell Type, by Application, by End User – Global Forecast to 2025 – Cumulative Impact of COVID-19New York, Oct. 23, 2020 (GLOBE NEWSWIRE) — announces the release of the report “Cell Surface Markers Market Research Report by Product, by Source, by Cell Type, by Application, by End User – Global Forecast to 2025 – Cumulative Impact of COVID-19” – The Global Cell Surface Markers Market is expected to grow from USD 561.02 Million in 2019 to USD 903.48 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.26%. Market Segmentation & Coverage: This research report categorizes the Cell Surface Markers to forecast the revenues and analyze the trends in each of the following sub-markets: Based on Product, the Cell Surface Markers Market studied across Antibodies and Pcr Arrays. Based on Source, the Cell Surface Markers Market studied across Mice and Rats. Based on Cell Type, the Cell Surface Markers Market studied across B Cell Surface Markers, Monocyte Cell Surface Markers, NK Cell Surface Markers, and T Cell Surface Markers. Based on Application, the Cell Surface Markers Market studied across Clinical and Research. The Clinical further studied across Immunodeficiency Diseases and Oncology. The Research further studied across Drug Discovery, Immunology, and Stem Cell Research. Based on End User, the Cell Surface Markers Market studied across Academic & Research Institutes, Hospitals & Clinical Testing Laboratories, and Pharmaceutical & Biotechnology Companies. Based on Geography, the Cell Surface Markers Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. Company Usability Profiles: The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Cell Surface Markers Market including Abcam, Becton, Dickinson and Company, Bio-Rad Laboratories, Bio-Techne, Biolegend, Cell Signaling Technology, Danaher Corporation, F. Hoffman-La Roche, Genscript, Merk KGaA, Qiagen N.V., and Thermo Fisher Scientific. FPNV Positioning Matrix: The FPNV Positioning Matrix evaluates and categorizes the vendors in the Cell Surface Markers Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape. Competitive Strategic Window: The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth. Cumulative Impact of COVID-19: COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market. The report provides insights on the following pointers: 1. Market Penetration: Provides comprehensive information on the market offered by the key players 2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets 3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments 4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players 5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments The report answers questions such as: 1. What is the market size and forecast of the Global Cell Surface Markers Market? 2. What are the inhibiting factors and impact of COVID-19 shaping the Global Cell Surface Markers Market during the forecast period? 3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Cell Surface Markers Market? 4. What is the competitive strategic window for opportunities in the Global Cell Surface Markers Market? 5. What are the technology trends and regulatory frameworks in the Global Cell Surface Markers Market? 6. What are the modes and strategic moves considered suitable for entering the Global Cell Surface Markers Market? Read the full report: About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place. __________________________ CONTACT: Clare: US: (339)-368-6001 Intl: +1 339-368-6001

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