Tag Archives: higher

Magna International Inc reports higher sales on U.S. demand


Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the usa. Magna also raised its full-year operating margin forecast on Thursday. The organization sold much of its vehicle interiors business, typically a lower-margin business, to Spain\’s Grupo Antolin in April. U.S. auto sales rose in the first three months of the year, helped by ...

Read More »

U.S. stocks heading higher, just not yet


Imagine you’re an area traveler just going back to earth. You arrive for an environment with limited inflation, an accommodative Federal Reserve, a steep yield curve, an uptrend in valuations, and positive earnings and economic data. Not a poor homecoming for an investor seeking to put a number of that hard-earned astronaut money to operate. Tony Dwyer, a U.S. equity ...

Read More »

U.S. markets close higher, but energy stocks fall and Greece hopes waiver


U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece\’s debt crisis showed no clear indications of resolution. The benchmark S&P 500\’s energy sector was dragged down through the biggest slide in oil prices since April after traders were surprised at a report that showed U.S. crude stockpiles rose the very first ...

Read More »

Catalysts that could drive Facebook Inc’s share price higher


Facebook Inc. has already paid off handsomely for investors since making its market debut this year, but the social networking giant doesn\’t have shortage of catalysts to help drive its stock price even higher within the next 12 months, says Neil Doshi, analyst at Mizuho Securities USA. “FB is evolving into a true platform where people are spending additional time ...

Read More »

North American stocks close higher, as loonie drops and commodities slide


TORONTO – The Toronto stock market was higher Tuesday on a day marked by volatility and a sell-off in commodities. The S&P/TSX composite index closed up 30.93 points at 14,624.50 after falling more than 200 points earlier within the session. Stocks in Ny also rebounded after opening the day with significant losses. The Dow Jones industrial average closed up 93.33 ...

Read More »

TSX closes higher after Bank of Canada cuts interest rate


TORONTO – Canada\’s main stock index rose on Wednesday after the Bank of Canada cut rates of interest to try to stimulate a sputtering economy, helping lift the shares of financial companies. The benchmark Canadian index wound up for a fourth straight session, benefiting now from a bailout deal reached by Greece and its creditors. The Bank of Canada cut ...

Read More »

TSX closes higher as oil price rise boosts energy sector


TORONTO – The Toronto Stock Exchange rose for a second day, pushed higher by strength in the energy sector and a rising price for oil. The S&P/TSX composite index rose 224.44 suggests close at 14,301.80. In the U.S., the Dow Jones industrial average climbed 121.12 suggests close at 17,751.39, while the Nasdaq gained 22.52 suggests 5,111.73 and also the S&P ...

Read More »