The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

Inside the Market

Up-to-the-minute insights
on developing market news

Entry archive:

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.

Citibank analyst Mohit Bhardwaj upgraded Suncor Energy Inc. to "buy" from "neutral" and trimmed his price target to $48 (Canadian) from $50.

Citibank now has buy ratings on all four major integrated oil companies and has become more bullish on the Canadian energy sector when compared to the U.S.

More »

Top links: Oil's vicious downtrend will be hard to break

SCOTT BARLOW

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

Private trading company PVM describes itself as “world’s leading broker of oil instruments and has been the world’s leading crude oil broker for the last 40 years.” In a recent note to clients, PVM succinctly described the carnage in global oil futures markets: “The contracts are in a vicious down trend. Rallies that started the day looking promising are ending in tears. It will take a lot to turn this down trend and it will need more than the odd hopeful close to confirm a change of direction. It is not advised to be long.”

More »

Today's small-cap stocks to watch: Energy trust says it may sell itself, shares jump

JODY WHITE

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

Shares of companies that are studying potential vaccines for Ebola, including Canada's Tekmira Pharmaceuticals Corp., are climbing today after federal officials announced late Tuesday that the first case of the disease has been diagnosed in the U.S.

More »

Before the bell: Stock futures slide, Citi upgrades Suncor

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.

Global stock markets are losing ground this morning after a flat start, with futures for the major North American indexes now modestly in the red, as traders brace for a number of U.S. economic reports that could shed further light on when the Federal Reserve will start hiking interest rates.

More »

Corporate insiders signal there are bargains to be had in energy stocks

Darcy Keith

Insider buying of Canadian energy stocks has spiked to the highest level in nearly eight months, as officers and directors within the industry go bargain hunting amid tumbling prices.

The S&P/TSX Capped Energy Index Fund ETF is down 14 per cent from its mid-June high of $21.50, which includes a 0.75 per cent decline Tuesday alone, as U.S. crude oil prices fell to nearly two-year lows.

More »

Those government bonds sure are coming in handy now

ROB CARRICK

So that’s why government bonds have a role in your portfolio, even with yields that can’t even offset inflation.

All became clear on the benefits of government bonds when the stock markets hit a rough patch last week. The S&P/TSX composite index fell 1.6 per cent over that period, a taste of the sort of pull-back investors have been bracing themselves for. Let’s review some of the usual defensive options for investors and see how they did last week:

More »

Tuesday'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.

Citibank analyst Christian Wetherbee raised his price target on Canadian Pacific Railway Ltd. after the company announced late Monday an accelerated share buyback program.

The railway is more than doubling the ceiling on its share repurchase program, to about 12.7 million common shares, from 5.3 million. It had already bought back the maximum number of shares allowed under the current plan, which kicked in on March 17, purchasing about 3 per cent of its outstanding common shares. The amended plan goes into effect Oct. 2 and allows the buyback of up to 5 per cent of its outstanding shares.

More »

Top links: Why policy makers can't stop deflation

SCOTT BARLOW

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

FT Alphaville’s Cardiff Garcia highlights the disturbingly large number of factors holding back global inflation pressure. The short list includes demographics, high debt loads, shale oil and low corporate investment.

More »

Before the Bell: TSX set to underperform 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.

Stock futures are pointing to a higher start for Wall Street this morning, although sagging commodity prices are threatening to put a lid on any advances for the resource-rich S&P/TSX composite index.

More »

Monday'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.

Citing growing concerns that China's economic outlook is deteriorating and demand for base metals and coal impact will fall as a result, CIBC World Markets analyst Jacob Bout downgraded Finning International Inc. to "sector perform" from "sector outperform." Finning provides rental equipment to the global mining industry.

More »

Top links: Final nail in the coffin for ‘peak oil’

SCOTT BARLOW

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

A massive oil and gas find in the Russian Arctic is the final nail in the coffin for “peak oil” scaremongering, at least for a generation. In a joint venture with Exxon Mobil Corp., Russia’s OAO Rosneft estimated that a newly-drilled oilfield 250 miles north of Siberia contains more oil and gas than the entire Gulf of Mexico.

More »

Small-cap stocks to watch: RBC predicts 'outsized' returns from drugmaker

JODY WHITE

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

Concordia Healthcare Corp. shares are up more than 3 per cent in afternoon TSX trading after RBC Dominion Securities analyst Douglas Miehm enthusiastically initiated coverage on the stock.

More »

Before the bell: Rough start ahead for TSX, U.S. stocks

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.

North American stock futures are pointing to a rough start to trading this week, as violent pro-democracy protests in Hong Kong have added yet another concern on the geopolitical front at a time when investors are worried about the timing of the U.S. Federal Reserve's first interest rate hike since the financial crisis.

More »

Q&A: Top small-cap stock picks from PenderFund's David Barr

Darcy Keith

For this week's live discussion at Inside the Market, we were joined by David Barr, chief investment officer of PenderFund Capital Management. Mr. Barr sets the direction for Pender's overall value-based investment strategy and is portfolio manager for the Pender Small Cap Opportunities Fund and the Pender Value Fund.

More »

BMO: Markets have it wrong when it comes to the U.S. economy and the rest of the world

DAVID BERMAN

While most of the rest of the world plods along with slow or disappointing economic growth, the U.S. economy looks comparatively boomy. Revised figures released on Friday show that gross domestic product expanded by a remarkable 4.6 per cent in the second quarter, at an annualized pace, up from an earlier estimate of 4.2 per cent.

More »

Sprott’s Eric Nuttall: Buying opportunity in energy stocks the best in years

Eric Nuttall

Eric Nuttall, a guest columnist for Inside the Market, is portfolio manager of the Sprott Energy Fund.

The Canadian energy sector has experienced one of the worst monthly corrections in recent memory, with many oil stocks down by more than 20 per cent. Perhaps a little perspective is in order.

I queried a handful of Canadian oil executives this past week after the stock market pummelling, asking "how's business." The universal reply was "great."

More »

Market View Videos »

Poll

Blog contributors

Most Popular