A humorous look at the companies that caught our eye, for better or worse, this week
Sept. 20 close: $116.83 (U.S.),
up $9.59 or 8.9% over week
Money-saving tip: Instead of buying an airline ticket, pack yourself in a large cardboard box with bubble wrap and ask to get shipped to the destination of your choice.
Money-making tip: Invest in FedEx.
The shares surged after profit rose more than expected, helped by cost cuts and higher prices. With the economy improving and FedEx poised to raise rates, investors can afford to fly first class.
Sept. 20 close: $51.72,
down $4.64 or 8.2% over week
Catamaran manages prescription drug plans, and right now investors are suffering some nasty side effects. Shares of the pharmacy benefits manager for employers and government agencies plunged after Walgreen, the largest U.S. drugstore chain and a major customer, announced a change in its employee health coverage that could cost Catamaran up to two million prescriptions annually.
Warning: Continued use can cause financial losses.
Sept. 20 close: $1,003.01 (U.S.),
up $36.19 or 3.7% over week
Priceline’s ads feature Star Trek’s William Shatner, so it’s fitting that the stock has boldly gone where no S&P 500 stock has gone before. Shares of the travel website topped $1,000 – the first index member to do so – fuelled by the Fed’s decision to keep the stimulus taps wide open. With the travel industry rebounding, Priceline – which also owns Booking.com and Kayak.com – is posting stellar results.
Sept. 20 settle price: $1,332.50 (U.S.),
up $23.90 or 1.9% over week
There once was a metal called gold
Whose price had gone suddenly cold
Until Ben Bernanke
Did something quite wacky
By putting the taper on hold
Sept. 20 close: $36.53,
up $3.01 or 9% over week
The prestigious S&P/TSX 60 index includes dozens of household names: Royal Bank, BCE, Canadian National Railway, Imperial Oil, CGI Group … CGI Group? The company, which joined the index effective Sept. 20, provides information technology and business outsourcing services to clients in 40 countries. With investors snapping up the stock now that it’s part of the TSX 60 club, the shares are on a roll.