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Inside the Market

Up-to-the-minute insights
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Entry archive:

Shell out for defence stocks before they explode

DAVID BERMAN

When you’ve given up on the world, gold looks like a good investment. But if your outlook is merely bleak, then defence stocks look like a better bet.

Defence, of course, is a euphemism. What we’re really talking about here are companies that make bullets, bombs and rockets, which hold particular appeal when global violence is on the rise – or, to be more precise, when the U.S. military is gearing up for action.

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The week's best web reads: What active fund investors are doing wrong

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.

Insight

What many active investors in mutual funds are doing wrong.

A simple way to beat the market with stock splits.

How to cultivate trading intuition.

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Friday'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.

Cantor Fitzgerald analyst Youssef Squali initiated coverage on Alibaba Group Holding Ltd. with a "buy" rating and $90 (U.S.) price target, believing that the Chinese company that began trading today has the potential to dominate global online commerce.

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Top links: Alibaba and the many problems with IPOs

SCOTT BARLOW

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

Before mentioning the Alibaba Group initial public offering, readers should know that 20 years in finance has taught me to be deeply suspicious of the process. Some of the biggest problems in finance – analyst conflicts of interest, exorbitant fees, the stoking of irrational exuberance among investors, dangerous small print – are frequently magnified when deals get done. All too often, the investment banking departments and brokers reap the monetary rewards while the newly public stocks steadily drift lower.

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Friday’s small-cap stocks to watch: Software firm surges 9% as RBC says buy

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 in Redknee Solutions Inc. rose nearly 12 per cent Friday in the wake of an analyst upgrade.

RBC Dominion Securities analyst Paul Treiber said that the sharp recent price depreciation of Redknee Solutions shares is not the software company’s fault, and makes the stock very attractive from a risk-reward perspective.

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Rob Carrick’s top Canadian dividend growth stocks

ROB CARRICK

Follow dividend growth if you want a short-cut to the best of blue-chip Canada.

Strong dividend growth often comes right alongside strong share price growth over the long term. Where there’s consistent dividend growth, there’s often a well-run, profitable business. Net result: Outsize total returns, especially in the context of the blue-chip universe of mature companies.

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Before the bell: U.S. stocks set for records, Alibaba trades

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 markets overcame their two big hurdles this week - the Fed's latest views on monetary policy and the threat of Scottish independence from the United Kingdom - and the result will almost certainly be record highs today for both the S&P 500 and the Dow.

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Top links: Assault on hedge fund fees continues

SCOTT BARLOW

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

The Atlantic’s Quartz business site presents a compelling case that a stealth rally in the U.S. housing market is already underway. Builder Lennar Corp. reported much stronger-than-expected profits in the most recent quarter and, according to the National Association of Home Builders , confidence levels are approaching pre-crisis highs. The trend is excellent news for Canadian forestry stocks like Norbord Inc.

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Thursday'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.

Analysts are expressing renewed confidence in the Brookfield group of companies after attending investor meetings this week.

Canaccord Genuity upgraded Brookfield Asset Management to "buy" from "hold" with a price target of $55 (US). And Raymond James says "the time is right for investors to be adding more aggressively" to their positions in both Brookfield Infrastructure Partners LP and Brookfield Renewable Energy Partners LP.

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Today’s small-cap stocks to watch: Dividend-paying fuel stock surges 10%

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.

Parkland Fuel Corp. announced late Wednesday that it has entered into an agreement to acquire the assets of Pioneer Energy.

Parkland will pay $378-million (Canadian), including $259-million in cash, $119-million in common shares of Parkland, and the assumption of standard operating liabilities. At 6.9 times Pioneer’s trailing 12-month EBITDA of approximately $55-million, Parkland says the acquisition is both accretive and attractively priced for a premier retail fuel network. Suncor Energy, as one of the current joint owners of Pioneer Energy, will receive $182.5-million in cash for its share.

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Before the bell: Stocks set to rise on Bay Street, gold 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 higher this morning, although gold and copper prices are weak, as another move by China overnight to bolster the health of its banking sector is helping to spur optimism in world markets. Risk appetite for equities is also on the rise after the Federal Reserve said Wednesday that record-low interest rates will stay put for a "considerable time."

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Wednesday'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.

Shares in U.S. Steel Corp. soared today - and an influential Wall Street analyst dramatically increased his price target on the stock - in the aftermath of the company announcing late Tuesday it is putting its Canadian unit in creditor protection and canceling more than $800-million (U.S.) of capital investments.

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Top links: Ontario as a 'have-not' province nears end

SCOTT BARLOW

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

Canadian Imperial Bank of Commerce’s highly-respected economist Avery Shenfeld believes the era of Ontario as a “have-not” province are coming to an end. This will come as a relief across the country, not least in Alberta where economic growth has been footing the lion’s share of transfer payments to the rest of the country.

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Small-cap stocks to watch: Drug firm dives 35% as study disappoints

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.

Oncolytics Biotech Inc. announced results of a study on its drug Reolysin and its impact on pancreatic cancer that missed expectations. The stock fell 35 per cent in TSX trading today.

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Before the bell: Buckle up for volatile markets today

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.

Get set for an action-packed day in North American markets, highlighted by the conclusion of the Fed's policy meeting this afternoon and Chair Janet Yellen's press conference a short while later in which every word will be scrutinized for hints on when the world's most important central bank may start hiking interest rates.

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Men need to learn to invest like women

DAVID BERMAN

Confidence is a great quality to have when you’re performing surgery, but as a step toward wise investing it is a vastly overrated trait.

It can encourage us to trade stocks too frequently or take too much risk because we are sure that the future will unfold exactly the way we see it. Confident investors tend to be underperformers – and, all too often, men.

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