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Inside the Market

Up-to-the-minute insights
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Entry archive:

Week's best web reads: Top holdings of best performing U.S. fund managers

Darcy Keith

Inside the Market's weekend roundup of some of last week's best investing reads on the Internet, which are highlighted every morning in our Before the Bell report.

Stocks

Top holdings of top-performing U.S. fund managers.

Four high-yield U.S. energy companies that are unlikely to cut their dividends even if oil prices stay low.

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Top Links: Why oil price forecasts are ‘hilariously wrong’

SCOTT BARLOW

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

Nate Silver’s 538 site is at the forefront of the data-driven reporting trend and they now have turned their attention to energy markets. A new post begins with highlighting how predictions on the oil price have nearly always been “totally, hilariously wrong” and then dissects why current outlooks are likely incorrect,

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Today's analyst upgrades and downgrades

Darcy Keith

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

Interfor Corp.’s deal to acquire four U.S. sawmills is well-priced and should prove accretive to earnings, Raymond James analyst Daryl Swetlishoff said.

On Thursday, the company announced an agreement to purchase the mills in the U.S. Southeast and Pacific Northwest from Simpson Lumber Co. for $94.7-million (U.S.) plus future payments.

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Before the Bell: Stocks set for gains, BlackBerry falls

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

U.S. and Canadian stock futures are pointing to more gains when markets open this morning, although there are few signs that the kind of robust rally seen on Thursday will redevelop. Futures for the S&P 500 are off their highs from earlier,  now up only 0.02 per cent. Crude oil futures, which fell back to fresh five-year lows on Thursday, are up 1.5 per cent ahead of the opening bell.

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Today's small-caps to watch: Outlook darkens for oilfield camp provider

Darcy Keith

Inside the Market’s roundup of some of the Canadian small caps making news and on the move today. This post will be updated throughout the morning

Black Diamond Group Ltd. said it is confident it can sustain its monthly 8 cents per share dividend, but provided an operational outlook that illustrated the serious challenges it faces in its business of providing accommodations in the Canadian energy and resource sectors.

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Santa Claus rally looks awfully temporary

Colin Cieszynski

Until a few days ago it really looked like Santa was only going to bring lumps of coal for traders, but this week’s rally suggests that Santa may have some good cheer after all, if only for a little while.

A lot of markets had become extremely overextended lately and the big reversals suggest a lot of profit-taking and position squaring ahead of the holidays, combined with some traders looking for pre-holiday bargains.

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Thursday's analyst upgrades and downgrades

Luke Kawa

Sherritt International Corp. has limited upside after Wednesday’s massive gain, according to Desjardins Securities.

Shares of the company spiked by 26 per cent to $2.87 amid the announcement of policy changes by U.S. President Barack Obama which ease relations between the United States and Cuba.

Sherritt produces oil, gas, nickel, and cobalt in the Caribbean nation; in 2013, approximately 75 per cent of the company’s revenues came from Cuba. Chief executive officer David Pathe called President Obama’s moves “a good start,” though he indicated that they would not have a substantial impact on the company in the short-term.

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Top links: Why $60 a barrel oil is the new $75

SCOTT BARLOW

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

Risk assets including West Texas Intermediate crude oil are ramping higher while the Swiss have said “thanks, but no thanks” to foreign capital inflows

There are enough global growth fears – highlighted by the collapse in a number of commodity prices – that for now, I will classify this Santa Claus rally as merely a recovery from oversold levels.

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Thursday's small-cap stocks to watch: More pain in the oil patch

Luke Kawa

Inside the Market’s roundup of some of the Canadian small caps making news and on the move today. This post will be updated throughout the morning

Twin Butte Energy Ltd. said it is cutting its guidance for capital spending in 2015 by 22 per cent to $120-million and is slashing its monthly dividend by 37.5 per cent to $0.01 per share. “The industry has seen a significant drop in oil pricing over the last seven weeks, which even with Twin Butte’s strong hedge position could negatively impact the Company’s cash flow for 2015,” the company said in a statement. Twin Butte is now budgeting for West Texas Intermediate to average $60 (U.S.) per barrel in 2015.

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Before the Bell: TSX poised for big gains, oil rallies

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

Investors are showing few signs of losing their enthusiasm for stocks, one day after the TSX enjoyed its biggest rally of this year. Stock futures this morning are pointing to possible gains of 1 per cent or greater when markets open on both Wall Street and Bay Street - and energy stocks should once again be among equities seeing sturdy gains, as the price of crude is up about 2 per cent.

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Wednesday's analyst upgrades and downgrades

Luke Kawa

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

UBS analyst Brian MacArthur upgraded Teck Resources Ltd. to "buy" from "neutral," pointing out that the company's non-oil assets will significantly benefit from lower oil prices and a weaker Canadian dollar.

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Top Links: The limits of Warren Buffett’s investment advice

SCOTT BARLOW

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

Financial pundit and frequent CNBC guest Josh “The Reformed Broker” Brown wrote a helpful post using Warren Buffett to warn investors not to panic and sell their investments in volatile markets. This is excellent advice – but only if your portfolio looks like Berkshire Hathaway Inc.’s.

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Wednesday’s small-caps stocks: More dividend cuts in energy sector

Luke Kawa

Inside the Market’s roundup of some of the Canadian small caps making news and on the move today. This post will be updated throughout the morning

Penn West Petroleum Ltd. said it is reducing its capital budget by $215-million and will reduce its 2015 dividend by about $160-million. Its board approved a reduction to Penn West's quarterly dividend commencing in the first quarter of 2015 to $0.03 per share from $0.14 per share. The company has also suspended its dividend reinvestment program.

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Before the Bell: Stock futures gain but oil slides again

Darcy Keith

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

U.S. and Canadian stock futures are pointing to gains at today's open, amid a calmer - but still unsettling - day in emerging markets. Russia's ruble fell further against the U.S. dollar overnight, but losses were relatively modest, after the Russian finance ministry went on the offensive and said it had begun selling foreign currency.

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