Tag Archives: Shares

AutoCanada Inc shares on the rise amid Alberta sales rebound


Shares of dealership group AutoCanada Inc. soared for any second consecutive day Monday after management assured investors that sales in Alberta haven\’t been as weak as feared. After steadily falling for many of the past year, AutoCanada\’s stock rose around 8.5 percent in early trading Monday carrying out a 20-per-cent jump on Friday. RBC analyst Steve Arthur attributed the bounce ...

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Apple Inc shares will surge to US$240, Carl Icahn says in call for bigger buyback


Apple Inc., which already announced it had been boosting its capital-return program by US$70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. The market continues to misunderstand the producer of iPhones and iPads and the company\’s shares count US$240, 86 per cent above where they closed Friday, the billionaire activist investor said. That ...

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Want in on China’s A-shares? The devil is in the details


Investors, even at the best of times, have a habit of running after bright shiny objects and latching on just like a fish to some lure. However in a sideways market, where everyone is chasing after any little nibble of growth, this natural inclination towards hype is amplified. It\’s easier than ever to invest in Chinese stocks. Here\’s how to ...

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Martha Stewart Living shares slide after $353-million takeover bid: ‘A fizzle-out end for once empire’


Martha Stewart Living Omnimedia Inc. slumped around 14 per cent after Sequential Brands Group Inc. made an offer to buy the home-decor company for US$6.15 a share, below its closing price on Friday. Investors had anticipated a greater price. Through Friday, the shares had jumped 37 percent over 2 days amid reports of the imminent takeover by Sequential Brands, who ...

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The high list: 5 companies whose shares have recently hit new peaks


One of the best investment strategies (at least for me) over the past Twenty five years is to find ideas by perusing the brand new high lists each day. A new high means someone, somewhere, has just paid a brand new level for any stock, one that has not been seen before. Thus, you realize at least one investor believes ...

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Home Capital Group shares sink after analyst downgrades


Home Capital Group Inc.’s shares dropped 19 per cent Monday morning, following the company reported that new single-family residential mortgages fell a lot more than expected in the second quarter. The holding company, which operates through mortgage provider Home Trust Co., was also downgraded by several analysts Monday on the disappointing figures. “We\’ve reduced our EPS estimates to reflect a ...

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BlackBerry Ltd shares jump most in six months on Morgan Stanley upgrade


BlackBerry Ltd. rose up to 7.4 per cent after a Morgan Stanley analyst upgraded his rating around the stock on the strength of the smartphone maker\’s cash reserves and skill to further cut costs. James Faucette raised his rating towards the equivalent of a hold from the equivalent of a sell in a note to clients Tuesday. BlackBerry climbed 7.1 ...

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Home Capital shares surge after company provides additional details about mortgage fraud allegations


Home Capital Group Inc. gave investors some long-awaited details Thursday into a study that saw a large number of brokers terminated for falsifying borrower incomes in mortgage applications. In what ended up being a more than hour long call, management faced a number of questions over the 45 brokers which were cut loose following a study that began this past ...

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Twitter Inc shares rise as second-quarter revenue tops analyst estimates


Twitter Inc. reported second-quarter sales that topped analysts\’ projections, a bright location for the growth-challenged company because it seeks a brand new chief executive officer. Shares jumped around 12 percent. In the second quarter, revenue rose 61 per cent to US$502.4 million, the social-media company said Tuesday in a statement. That exceeded analysts\’ average projection for US$481.9 million, according to ...

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Apple Inc shares sink into correction territory as bull market loses its biggest supporter


The bull market\’s base just lost another brick. To the collapse in breadth and falling earnings, add a correction in Apple Inc. towards the list of concerns facing investors. The iPhone maker has slipped 13 per cent since hitting an all-time high in February, entering correction territory on Monday and dropping below another chart threshold, its 200-day moving average, the ...

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