US earnings season is set to kick off this week with quarterly earnings reports from Wells Fargo, JP Morgan and Citigroup. The S&P banks index has fallen 2.5% in the past month and 11.4% from its January highs partly due to the flattening yield curve, so we’ll see if the quarter can help the banks reverse the trend.
Learn MoreIncome-oriented investors already know by now that times are different – the level of yield that was prevalent in the bond market 10-15 years ago is no longer achievable. However, things are starting to change. The BoC raised the overnight rate three times to 1.25% following two cuts in 2015, and consensus is expecting one to two additional hikes this year
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The S&P/TSX hit a fresh new high during the second quarter despite growing concerns of a widening global trade war between the US and the rest of the world. For a short while, Canadian equities were able to look past the heightened trade rhetoric and tit-for-tat escalation, and focus on the strength within the commodity complex during the months of April and May, and the pockets of strength showing in the Canadian economy.
Learn MoreThe call for this week: We are bullish and if you are looking for stocks that are favorably rated by our fundamental analysts, and screen well under our proprietary models, some of them are: Extra Space Storage (EXR/$100.76/Outperform); Hess (HES/$67.55/Outperform); Genesse & Wyoming (GWR/$83.28/Strong Buy); and Salesforce (CRM/$141.40/Strong Buy). This morning the preopening S&P 500 futures are better by 10 points as we write at 5:11 a.m. on no real overnight news.
Learn MoreRaymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., today announced that Kyle Rookes is joining the firm's Energy Investment Banking team in Calgary as Managing Director, Investment Banking, Head of Oil Field Services, effective June 25, 2018.
Learn MoreAt Raymond James, our financial/investment advisors have the freedom to offer unbiased advice that’s right for you.
