Sunday, December 5, 2010
The TSX closed up another 0.12% to end the week Friday at 13179. The sectors leading the rise were metals &; mining, and healthcare. Holding it back were telecom and financials.
The finance sector was down 0.83% to endhttp://tmx.quotemedia.com/marketsca.php?locale=EN the week at 181.
RY.TO took a huge hit today (too bad I'm holding it in another portfolio of mine right now, cause I'd buy it tomorrow if I wasn't:) offset by a huge gain in BNS. Probably due to the fact that BNS posted a record year for profits in 2010.http://www.tradingmarkets.com/news/press-release/bns_bns_scotiabank-reports-record-year-with-2010-net-income-of-4-2-billion-1345693.html
http://ca.finance.yahoo.com/
The best buys by far for tomorrow are RY.TO and TD.TO. They're low risk just given their magnitude. The losses in the latter part of the week were overshadowed by the media and focus on financial reports. The charts show that they're reaching support levels, suggesting a bounce in the days ahead.
http://stockcharts.com/scripts/php/candleglance.php?bns.to,%20bmo.to,%20ry.to,%20cm.to,%20na.to,%20td.to
The finance sector was down 0.83% to endhttp://tmx.quotemedia.com/marketsca.php?locale=EN the week at 181.
RY.TO took a huge hit today (too bad I'm holding it in another portfolio of mine right now, cause I'd buy it tomorrow if I wasn't:) offset by a huge gain in BNS. Probably due to the fact that BNS posted a record year for profits in 2010.http://www.tradingmarkets.com/news/press-release/bns_bns_scotiabank-reports-record-year-with-2010-net-income-of-4-2-billion-1345693.html
| Symbol | Price | Change | % Change | |
|---|---|---|---|---|
| TD.TO | 72.23 | -1.06 | -1.45% | TORONTO-DOMINION BANK |
| BNS.TO | 55.63 | +1.66 | +3.08% | BANK OF NOVA SCOTIA |
| BMO.TO | 59.89 | -0.95 | -1.56% | BANK OF MONTREAL |
| CM.TO | 78.50 | -0.81 | -1.02% | CANADIAN IMPERIAL BANK OF COMME |
| RY.TO | 53.25 | -2.47 | -4.43% | ROYAL BANK OF CANADA |
| NA.TO | 69.37 | +0.02 | +0.03% |
The best buys by far for tomorrow are RY.TO and TD.TO. They're low risk just given their magnitude. The losses in the latter part of the week were overshadowed by the media and focus on financial reports. The charts show that they're reaching support levels, suggesting a bounce in the days ahead.
http://stockcharts.com/scripts/php/candleglance.php?bns.to,%20bmo.to,%20ry.to,%20cm.to,%20na.to,%20td.to
Thursday, December 2, 2010
Five big Canadian banks close in the red
Another close in the green (or black) on the TSX today. The exchange closed up 0.12% today at 13164.
TD.TO 73.29 -2.00 -2.66%
The financial sector was the only one that closed in the red, giving an indication of the relevance of this sector on the market (that all other sectors could be up, yet the overall index was only up 0.12%).
Financials closed down 0.76% at 182.35.
TD and CM shed the most blood today, even though CM beat analysts estimate of 1.63 a share by 5 cents. TD missed estimates by 12%, citing higher expenses, consumer banking, and trading drops as the main reasons.
All tickers for the big five closed in the red today.
| Symbol | Price | Change | % Change |
|---|---|---|---|
| CM.TO | 79.31 | -1.74 | -2.15% |
| BMO.TO | 60.84 | -0.38 | -0.62% | BANK OF MONTREAL |
| BNS.TO | 53.97 | -0.25 | -0.46% | BANK OF NOVA SCOTIA |
| NA.TO | 69.35 | -0.47 | -0.67% | NATIONAL BANK OF CANADA |
| RY.TO | 55.72 | -0.52 | -0.92% |
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