Baystreet.ca RSS Feed http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2016 Baystreet.ca Inc. All rights reserved. 9/28/2016 12:59:16 PM <![CDATA[Laurentian Bank of Canada "BUY"]]>Tue, 27 Sep 2016 11:59:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?27344<![CDATA[Oil Prices Claw Back Gains After Fall]]>Wed, 28 Sep 2016 12:44:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=720Wednesday, September 28, 2016


Oil Prices Claw Back Gains After Fall


Oil prices rose on Wednesday, rebounding from a brief decline after U.S. government data showed a large rise in gasoline stocks and as the focus shifts to a potential output-curbing deal from the Organization of the Petroleum Exporting Countries later this year.

Information released by the Energy Information Administration (EIA) showed U.S. commercial crude stockpiles fell by 1.9 million barrels to a total of 502.7 million barrels in the week through Sept. 23. Analysts had forecast a three-million-barrel build.

The drawdown in crude stocks was offset by a two-million-barrel build in gasoline stockpiles, compared with expectations in a poll for a gain of 178,000 barrels. Higher stockpiles of gasoline typically reduce demand for feedstock crude oil.

Brent crude rose 69 cents, or 1.5%, to $46.66 U.S. a barrel by early Wednesday afternoon, trading at roughly the same level as prior to the EIA data. U.S. West Texas Intermediate (WTI) crude was up 51 cents, or 1.1% at $45.18 U.S. a barrel.

Although chances of a deal being finalized in Algeria today are slim, OPEC ministers might still agree an oil output-limiting deal later this year.

Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce "at maximum levels that make sense" as part of any output limits which could be set as early as the next OPEC meeting in November.

That represents a strategy shift for the government in Riyadh, which previously said it would reduce output only if every other OPEC and non-OPEC producer followed suit. Iran has said it should be exempt from such limits because its production is recovering after the lifting of European Union sanctions earlier this year.

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<![CDATA[Is BlackBerry About to Get Out of the Device Market? ]]>Mon, 26 Sep 2016 02:25:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=707Monday, September 26, 2016

Is BlackBerry About to Get Out of the Device Market?


Rumors are swirling about BlackBerry (TSX:BB)(NASDAQ:BBRY) and its future in the device business.

The rumors go something like this. John Chen, the company’s CEO, has previously listed September as a deadline for hardware, repeatedly telling investors that if the division wasn’t profitable by then, he’d pull the plug to focus on the company’s rapidly growing software division.

We’re now approaching the end of the month, and BlackBerry will address the street on Wednesday when it releases its quarterly earnings. If the company is going to get out of the hardware business, that would be the perfect time to announce it.

There’s other evidence that points to the company leaving the device business, too, including discounts on its newest phone, the Android-powered DTEK50, and of various accessories. Sales of the newest device have been lackluster at best, so perhaps that’s just retailers liquidating poorly performing inventory.

But there’s evidence the company is still holding onto hope. Just last week, specs for a new high-powered phone were temporarily leaked onto BlackBerry’s website before the company realized the mistake and deleted the evidence. Does BlackBerry actually plan to produce a new phone, or was this latest leak something different?

At this point, we don’t know, but one thing is certain: If BlackBerry is convinced to give up on smartphones, it’ll truly be the end of an era for the company. Many analysts and investors just don’t feel the company is ready to give up on the device that brought it so much success.

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<![CDATA[Economic Calendar]]>Wed, 28 Sep 2016 12:59:16 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125September 2016
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Thursday, September 01, 2016 RBC Manufacturing PMI: 9:30am Aug The RBC Canadian manufacturing PMI index declined to 51.1 for August from 51.9 in July, the lowest reading for six months. The seasonally-adjusted RBC Canadian Manufacturing PMI came in at 51.9 in July of 2016, up from 51.8 in June.
Friday, September 02, 2016 Canadian International Merchandise Trade: 8:30am July Canada's exports increased 3.4% to $42.7 billion in July. Export volumes were up 3.7%, while prices were down 0.3%. Imports edged down 0.1% to $45.2 billion, as volumes were down 1.2% and prices were up 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from a record $4.0 billion in June to $2.5 billion in July. Canada's imports increased 0.8% to $45.0 billion in June. Exports were up 0.6% to $41.4 billion. As a result, Canada's merchandise trade deficit with the world widened from $3.5 billion in May to a record $3.6 billion in June.
Wednesday, September 07, 2016 IVEY Purchasing Managers Index: 10:00am Aug Western University’s Ivey School of Business reported its Purchasing Managers’ Index registered 52.3 in August, compared to 57 in July and 58 in August 2015. Western University’s Ivey School of Business reported its Purchasing Managers’ Index registered 57 in July, compared to 51.7 in June and 52.9 in July 2015.
Wednesday, September 07, 2016 BoC Rate Announcement: 10:00am Sept The Bank of Canada today announced that it is maintaining its target for the overnight rate at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25% ---
Thursday, September 08, 2016 Building Permits: 8:30am July Municipalities issued building permits worth $6.5 billion in July, up 0.8% from the previous month. Municipalities issued building permits worth $6.4 billion in June, down 5.5% from the previous month.
Thursday, September 08, 2016 New Housing Price Index: 8:30am July The New Housing Price Index rose 0.4% in July from the previous month The New Housing Price Index rose 0.1% in June, following a 0.7% increase in May.
Friday, September 09, 2016 Housing Starts: 8:15am Aug The trend measure of housing starts in Canada was 195,640 units in August compared to 201,379 in July, according to Canada Mortgage and Housing Corporation. Canada Mortgage and Housing Corporation reported that the seasonally-adjusted annualized rate of housing starts declined to 198,395 in July, down from a revised 218,326 in June. Economists had forecast 195,000 starts in July.
Friday, September 09, 2016 Labour Force Survey: 7:00am Aug Following a decline in July, employment edged up in August (26,000 or 0.1%). The unemployment rate rose 0.1 percentage points to 7.0%, as more people participated in the labour market. Employment declined by 31,000 (-0.2%) in July. The unemployment rate increased 0.1 percentage point to 6.9%.
Thursday, September 15, 2016 CREAstats - MLS Sales: 8:30am Aug The Canadian Real Estate Association reported national home sales declined for a fourth consecutive month in August 2016. National home sales fell 3.1% from July to August. Actual (not seasonally-adjusted) activity came in 10.2% above August 2015. The number of newly listed homes declined 2.7% from July to August. The Canadian Real Estate Association reported this morning that national home sales declined – 1.3% -- for a third consecutive month in July 2016. Actual (not seasonally-adjusted) activity came in 2.9% below July 2015.
Friday, September 16, 2016 Monthly Survey of Manufacturing: 8:30am July Manufacturing sales edged up 0.1% in July to $50.7 billion. Manufacturing sales rose 0.8% to $50.2 billion in June, following a 1.0% decline in May.
Friday, September 16, 2016 Canada's International Transactions in Securities: 8:30am July Foreign investment in Canadian securities slowed for a fourth straight month to $5.2 billion in July. At the same time, Canadian investors continued to invest in foreign securities by adding $4.6 billion to their holdings. Foreign investors increased their holdings of Canadian securities by $9.0 billion in June, with acquisitions led by significant portfolio investment in equities. At the same time, Canadian investors acquired $4.1 billion of foreign securities, mainly non-U.S. foreign equities.
Wednesday, September 21, 2016 Wholesale Trade: 8:30am July Wholesale sales rose 0.3% to $56.5 billion in July, a fourth consecutive monthly gain. Increases were recorded in five of seven subsectors. Wholesale sales increased for a third consecutive month in June, up 0.7% to $56.4 billion.
Thursday, September 22, 2016 Employment Insurance: 8:30am July Regular Employment Insurance beneficiaries in Canada totaled 575,200 in July, up 4.4% from the previous month. Regular Employment Insurance (EI) beneficiaries in Canada totaled 545,900 in June, essentially unchanged from May. Compared with 12 months earlier, the number of people receiving regular EI benefits was up by 8,000 or 1.5%.
Friday, September 23, 2016 Consumer Price Index: 7:00am Aug The Consumer Price Index rose 1.1% in the 12 months to August, after increasing 1.3% in July. On a seasonally-adjusted monthly basis, the Consumer Price Index decreased 0.1% in August, after posting no change in July. The Consumer Price Index rose 1.3% in the 12 months to July, after increasing 1.5% in June. Excluding gasoline, the CPI was up 1.9% year over year in July, matching the gain in June.
Friday, September 23, 2016 Retail Trade: 8:30am July Retail sales were relatively unchanged for the third consecutive month in July, edging down 0.1% to $44.1 billion. Retail sales edged down 0.1% to $44.1 billion in June. Sales declined in seven of 11 sub-sectors, representing 54% of retail trade.
Thursday, September 29, 2016 Average Weekly Earnings July --- Average weekly earnings of non-farm payroll employees were $958 in June, up 0.4% from the previous month. Compared with 12 months earlier, average weekly earnings increased 0.5%.
Friday, September 30, 2016 Raw Materials Price Index: 8:30am Aug --- The Raw Materials Price Index decreased 2.7% in July
Friday, September 30, 2016 GDP: 8:30am July --- Real gross domestic product (GDP) decreased 0.4% in the second quarter, after increasing 0.6% in the first quarter. This was the largest decline in quarterly GDP since the second quarter of 2009. Real gross domestic product rose 0.6% in June, essentially offsetting an equivalent decline in May.
Friday, September 30, 2016 Industrial Product Price Index: 8:30am Aug --- The Industrial Product Price Index rose 0.2% in July.
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<![CDATA[Vancouver Housing Bubble Risk Raises Alarms]]>Wed, 28 Sep 2016 09:52:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1703Vancouver Housing Bubble Risk Raises Alarms


A report from the Swiss bank UBS suggests that, when it comes to overpriced real estate, Vancouver's "bubble risk" is unmatched on the planet

The UBS Global Real Estate Bubble Index, released this week, reports the rise in Vancouver's average housing prices compared with the growth in average wages, rents and other economic factors make it the most likely to experience a sudden downward correction compared with 17 other large cities around the globe

The report also warned that investors are less likely to see growth in property value in high "bubble risk" cities.

One expert at UBS said the report doesn't mean Vancouver is likely to experience a home price correction like the U.S. housing crisis that contributed to the 2008-09 recession. Rather, it's meant as a cautionary signal for potential real estate investors.

He added that the province's move to control the city's overheated housing market by imposing a 15% tax on foreign buyers of homes in Metro Vancouver as of Aug. 2 could reduce its bubble risk rating.

The UBS report was based on Vancouver data up to last spring, before the foreign buyers' tax was implemented.

Last week, the Clark government in B.C. credited its new tax in reporting that housing deals in Vancouver involving foreign buyers dropped to 60 between Aug. 2 and Aug. 31 after hitting 1,974 between June 10 and Aug. 1.

In early September, the Real Estate Board of Greater Vancouver said home sales fell 26% in August compared with the same month last year. It reported that the composite benchmark price for all residential properties jumped 31% to $933,100.

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<![CDATA[Asia Takes Cue from Japan, Mostly Lower ]]>Wed, 28 Sep 2016 08:07:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2462Wednesday, September 28, 2016

Asia Takes Cue from Japan, Mostly Lower


Stocks in Japan led declines across the region, dragged by weak oil prices and jitters about the health of the nation’s banks.

The Nikkei 225 Index slumped 218.53 points, or 1.3%, to 16,465.40, with energy, banking and export sectors leading losses

In Hong Kong, the Hang Seng index picked up 47.75 points, or 0.2%, to 23,619.65

The relatively stronger yen sent export stocks in Japan lower, with automakers Toyota closing down 2.4%, Nissan off 2.6% and Honda down 1.8%. Among other exporters, Sony fell 0.3% and Mitsubishi Electric was down 1.6%. Sharp bucked the downward trend to trade up 1.5%.

A stronger yen is a negative for exporters as it eats into their overseas profits when converted into local currency.

Japanese banking shares also sold off sharply, with Mitsubishi UFJ falling 3.2%, SMFG down 4.1% and Mizuho Financial down 3.9%

The yen climbed as high as 100.23 against the U.S. dollar on Wednesday morning, after easing to levels near 100.91 on Tuesday afternoon Asia time. As of late afternoon local time the yen traded at 100.71.

In company news, shares of Postal Savings Bank of China (PSBC) had a lackluster debut in Hong Kong, trading on par with its IPO price of 4.76 Hong Kong dollars. Reuters reported the Chinese state-owned lender raised $7.4 billion U.S. in the world's biggest initial public offering in two years and priced the deal near the bottom of its marketing range.

Australian markets poked upward, though, with the heavily weighted financial sector finishing nearly flat. The energy sector, however, slipped 1.2%, while the gold sector fell 2.1%.

The Australian dollar traded at $0.7678 U.S. in the late afternoon, climbing from levels below $0.76 early last wee

In other markets

Markets in Taiwan remained shuttered by Typhoon Megi

In Shanghai, the CSI 300 dropped 9.86 points, or 0.3%, to 3,230.89

The Straits Times Index in Singapore erased 2.22 points, or 0.1%, to 2,858.01

The Kospi index in Korea subtracted 9.76 points, or 0.5%, to 2,053.06

In New Zealand, the NZX 50 forged ahead 37.52 points, or 0.5%, to 7,290.45

In Australia, the ASX 200 recovered 6.46 points, or 0.1%, to 5,412.35



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<![CDATA[Durable Goods Keep Streak Alive]]>Wed, 28 Sep 2016 10:33:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1704Figures released Wednesday morning show new orders for non-military U.S. capital goods other than aircraft rose for a third straight month in August, a positive signal for the business investment outlook.

The U.S. Commerce Department reported new orders for the category, which includes goods like motor vehicles and machinery and is a closely watched proxy for business spending plans, increased 0.6% last month.

Economists had forecast these so-called core capital goods orders falling 0.2%

The government downwardly revised its estimate for those orders in July to a 0.8% gain from the previously reported 1.5% increase.

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<![CDATA[IPO Center - TSX-V]]>Wed, 09 Dec 2015 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date BioNeutra Global Corporation BGA 09-12-2015 International Datacasting Corporation IDC 14-12-2015 Buffalo Coal Corp. BUF 18-12-2015 Orezone Gold Corporation ORE 21-12-2015 IDM Mining Ltd. IDM 30-12-2015 Percy Street Capital Corporation PSC 12-01-2016 New Global Acreage Resources Ltd. RAP.P 13-01-2016 McorpCX, Inc. MCX 03-02-2016 Nurcapital Corporation Ltd. NCL 04-02-2016 CaNickel Mining Limited CML 05-02-2016 Axios Mobile Assets Corp. AXA 29-02-2016 Brassneck Capital Corp. BC.P 15-03-2016 MDN Inc. MDN 31-03-2016 Black Lion Capital Corp. BLC 01-04-2016 CUP Capital Corp. CPU 08-04-2016 Nobelium Tech Corp. NBL.P 13-04-2016 Spada Gold Ltd. SPL 14-04-2016 Era Resources Inc. ERX 18-04-2016 Helius Medical Technologies, Inc. HSM 18-04-2016 Huffington Capital Corporation HU.P 19-04-2016 Nova Leap Health Corp. NLH.P 26-04-2016 Targeted Microwave Solutions Inc. TMS 17-05-2016 Cortina Capital Corp. CCN 17-05-2016 Mercal Capital Corp. MUL 18-05-2016 Westshire Capital II Corp. WSH 31-05-2016 IMEX Systems Incorporated IMX 14-06-2016 Kneat.com Inc. KSI 05-07-2016 Fortune Bay Corp. FOR 05-07-2016 GoviEx Uranium Inc. GXU 11-07-2016 Mbac Fertilizer Inc. MBC 12-07-2016 H-Source Holdings Ltd. HSI 25-07-2016 Mariana Resources MRA 26-07-2016 Cardero Resource Corp. CDU 02-08-2016 Austral Gold Limited AAM 22-08-2016 Filo Mining Corp. FIL 26-08-2016 Jura Energy Corporation JEC 01-09-2016 Northwest Arm Capital Inc. NWA 12-09-2016]]><![CDATA[Toronto Stocks Stay Positive ]]>Wed, 28 Sep 2016 12:40:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=5603Wednesday, September 28, 2016

00:40 PM EST
Toronto Stocks Stay Positive

Financials, BlackBerry Gain Ground




Equities in Canada’s largest market stayed in the green midday Wednesday, led by the country's heavyweight bank shares, while BlackBerry Ltd rallied after announcing a strategic shift away from hardware.

The S&P/TSX Composite remained positive 46.06 points to greet noon at 14,604.10

The Canadian dollar slipped 0.27 cents at 75.5 cents U.S.

The technology whiz said it will outsource the development and design of its flagship smartphone. Its shares rose 4.5% to $10.88.

Some of the most influential movers on the index were the country's bank stocks, including Royal Bank of Canada, which rose 0.7% to $81.34, and Toronto-Dominion Bank, which advanced 0.6% to $58.27.

Energy issues also had a good morning, particularly, Canadian Natural Resources, which rose 1.3% to $38.99, while TransCanada Corp was up 1.1% at $62.27.

Among gold plays, Goldcorp fell 0.9% to $21.26.

Convenience store chain Alimentation Couche Tard fell 1.1% to $64.09.

ON BAY STREET

The TSX Venture Exchange eked up 1.56 points at 796.05

Seven 12 TSX subgroups had given up ground by noon hour, as gold slid 0.7%, consumer staples faded 0.5%, and utilities blinked 0.4%.

The five gainers were led by energy, progressing 1.1%, industrials, gaining 0.6%, and financials, better by 0.4%.

ON WALL STREET

U.S. stocks traded slightly lower on Wednesday as investors digested commentary from several key Federal Reserve officials while an Organization of the Petroleum Exporting Countries meeting overseas concluded.

The Dow Jones Industrials moved into the red 22.05 points to 18,206.25, with Caterpillar leading advancers and McDonald's the top decliner.

The S&P 500 dropped back 4.01 points to 2,155.92, with energy leading nine sectors higher and health-care and telecommunications as the only laggards.

The NASDAQ Composite subtracted 11.34 points to 5,294.38, as shares of Alphabet slipped 0.4%

U.S. crude futures briefly traded lower after a build in gasoline stockpiles offset a draw in crude inventories. The oil market was earlier buoyed by remarks from Saudi energy minister Khalid al-Falih, in which he said output limits could be set as early as November. Falih made his comments at an unofficial OPEC meeting in Algiers.

In economic data news, U.S. durable goods orders for August came in unchanged versus an expected decline, but core capital goods orders rose for a third straight month.

There are six Fed officials scheduled to speak, including St. Louis Fed President James Bullard, Kansas City Fed President Esther George, Cleveland Fed President Loretta Mester and Chicago Fed President Charles Evans.

Fed Chair Janet Yellen said in a prepared testimony to the House Financial Services Committee that U.S. banks are well capitalized, but remain challenged by weak interest income. She did not comment on monetary policy, however.

Other data due Wednesday include the Energy Information Administration's weekly report on U.S. oil inventories.

Prices for the 10-year Treasury gained a slight bit of ground, lowering yields to 1.55% from Tuesday’s 1.56%. Treasury prices and yields move in opposite directions.

Oil prices gained 73 cents to $45.40 U.S. a barrel

Gold prices dropped six dollars at $1,324.40 U.S. an ounce.





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<![CDATA[Stocks in Play: DHX Media Ltd.]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21201Wednesday, September 28, 2016

09:46 AM EST - DHX Media Ltd. : Reported its fiscal year-end results for the period ended June 30, 2016. Revenues came in at $304.8 million, compared to $264 million in the prior year. Net income proved $27.7 million, compared to $19.5 in the previous fiscal year. DHX Media Ltd. (T.DHX.B) shares were down $0.10 at 7.14.

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<![CDATA[Stocks in Play: BlackBerry Ltd.]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21202Wednesday, September 28, 2016

09:47 AM EST - BlackBerry Ltd. : Reported financial results for the three months ended August 31, 2016 (all figures in U.S. dollars) GAAP total revenue was $334 million with GAAP revenue of $334 million. GAAP net loss for the quarter was $372 million, or $(0.71) per basic share. BlackBerry Ltd. (T.BB) shares were up $0.35 at 10.76.

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<![CDATA[Stocks in Play: Inventus Mining Corp.]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21203Wednesday, September 28, 2016

09:48 AM EST - Inventus Mining Corp. : Provided an update on exploration activities on the Pardo Joint Venture, which is 64.5% owned by Inventus, as well as our planned activities on its 100%-owned Pardo properties, and exciting developments revitalizing our investment in Canadian Continental Exploration. Inventus Mining Corp. (V.IVS) shares were unchanged at 0.16.

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<![CDATA[Stocks in Play: Glen Eagle Resources Inc.]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21204Wednesday, September 28, 2016

09:49 AM EST - Glen Eagle Resources Inc. : Announced that Cobra Oro de Honduras, a wholly-owned subsidiary by Glen Eagle just exported and sold to NTR Metals $315 000 in gold and silver. The shipment covers a period of six weeks from August 1 to September 15. Glen Eagle Resources Inc. (V.GER) shares were down $0.01 at 0.11.

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<![CDATA[Stocks in Play: Tinka Resources Limited]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21205Wednesday, September 28, 2016

11:44 AM EST - Tinka Resources Limited : Announced that it has signed a four-year access agreement with the third and final community owning surface rights at the Company's 100%-owned Ayawilca Property in central Peru, which is underpinned by an Inferred Mineral Resource of 18.8 million tonnes at 8.2% Zinc Equivalent. Tinka Resources Limited (V.TK ) shares were down $0.005 at 0.2.

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<![CDATA[Stocks in Play: Orex Minerals Inc.]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21206Wednesday, September 28, 2016

11:45 AM EST - Orex Minerals Inc. : Announced that the Phase-III diamond drilling program continues to intercept silver mineralization on the Sandra Escobar Project in Durango, Mexico. These include holes SA-16-049 to SA-16-053 in the southeastern region of the project. Orex Minerals Inc. (V.REX) shares were down $0.01 at 1.

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<![CDATA[Stocks in Play: Nevada Sunrise Gold Corporation]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21207Wednesday, September 28, 2016

11:46 AM EST - Nevada Sunrise Gold Corporation : Has entered into an agreement with Advantage Lithium Corp and Resolve Ventures Inc. that amends its May 3 joint venture and option agreement with Resolve. Nevada Sunrise Gold Corporation (V.NEV) shares were unchanged at 0.35.

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<![CDATA[Stocks in Play: Advantage Lithium Corp]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21208Wednesday, September 28, 2016

11:48 AM EST - Advantage Lithium Corp : Announced that Nevada Sunrise Gold Corporation has entered into an agreement with Advantage and Resolve Ventures Inc. that amends Nevada’s May 3 joint venture and option agreement with Resolve. Advantage Lithium Corp (V.AAL) shares were down $0.06 at 0.91.

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<![CDATA[Stocks in Play: Resolve Ventures Inc.]]>Wed, 28 Sep 2016 09:45:55 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=21209Wednesday, September 28, 2016

11:49 AM EST - Resolve Ventures Inc. : Announced that Nevada Sunrise Gold Corporation has entered into an agreement with Advantage Lithium Corp. and Resolve. that amends Nevada’s May 3 joint venture and option agreement with Resolve. Resolve Ventures Inc. (V.RSV) shares were unchanged at 0.04.

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<![CDATA[Alphabet (GOOGL) Shows Room for Growth]]>Tue, 27 Sep 2016 07:37:41 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=1361Tuesday, September 27, 2016

Alphabet (GOOGL) Shows Room for Growth


Written by Ophir Gottlieb

PREFACE

Alphabet Inc. (NASDAQ:GOOGL) is right at all-time highs in stock price, and while the broader market may be carrying it higher, the company shows room for growth, even at $600 billion in market cap.

STORY

Several new developments at Google have pushed Alphabet Inc. stock to all time highs and there's reason to believe the company has growth to come. Here's the all time stock chart:



First, here comes a new phone, likely to be released on the October 4th event:



That's a rendering of the Pixel, and there will be a Pixel XL, as well. Here's what Forbes had to say:

"While the phones will be made by HTC, Google has reportedly maintained tight control over the design and manufacturing process and will likely ditch the Nexus brand for Google Pixel."

We will also (probably) see some new hardware from Alphabet Inc. (NASDAQ:GOOGL) surrounding Virtual reality under the "Daydream VR" name as well more information on Google Home, which is the competitor to Amazon's Echo.

But, the developments and potential growth go further. Investopedia penned this bit:

"[YouTube Go is a] brand new app that Google promises will allow users to play videos smoothly even in low connectivity areas. [] The app is currently being tested and will be available exclusively in India for some time."

Alphabet Inc.'s Google is going further with optimized page load that saves 90% of data usage, essentially optimized for India's 2G networks. Here's a visualization of YouTube's growth in India.



As we have noted several times, video is the new way content will be consumed and estimates put video at 80% of our content consumption by 2020 and there is nothing as large or successful as YouTube. In fact, Alphabet Inc. reported that YouTube had more viewers on mobile alone than any broadcast or cable network for viewers aged 18-49.

We love the direction that Alphabet Inc. (NASDAQ:GOOGL) is going and see growth yet, even for a company nearing $600 billion in market cap and that's why it remains a Top Pick for CML Pro.

For the year-to-date period, CML Pro's Top Picks are up substantially compared to the market. Here's a quick table:





CML Pro Top Picks
+13.9%


NASDAQ
+6.0%


S&P 500
+5.7%


Dow Jones Industrial
+4.6%





WHY THIS MATTERS

If you're looking for research authored by analysts with training in finance, mathematics and technology, try CML Pro. Our research sits side-by-side with Goldman Sachs, Morgan Stanley and the rest on professional terminals, but we are the anti-institution and break the information advantage the top .1% have.

Each company in our 'Top Picks' is the single winner in an exploding thematic shift like artificial intelligence, virtual reality, genomics, mobile pay, the Internet of Things, drones, biotech and more. We are offering CML Pro at a discount for just $25/mo. with a lifetime guaranteed rate and you can cancel at any time. We think you'll have a blast when you see what professional research reads like and what a community feels like. Join Us: Get the most advanced research delivered to your inbox along with access to visual tools and data that until now has only been made available to the top 0.1%. Check it Out: Get the most advanced premium research delivered to your inbox along with access to visual tools and data that until now has only been made available to the top 1%.

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<![CDATA[Lack of Oil Freeze Plays on Dollar Investors]]>Wed, 28 Sep 2016 11:33:34 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=27370
Economic fundamentals are U.S.-based again today with Durable Goods Orders cited at -0.4% while expectations were for -1.4%. DGOs excluding transportation posted 0.0% when forecasters were looking for -0.4%. Fed Chair Janet Yellen testifies before the House Financial Services Committee today, Officials Charles Evans and James Bullard regional Fed heads are also due to speak later today. The Canadian dolalr is trading at the top of its six-month trading range against the U.S. dollar, and continues to meet resistance at the 200-day moving average which averages at $1.3236 today.

Experts expect a range today of $1.3163 to $1.3174 Canadian

German Consumer Confidence in October slightly dipped from 10.2 last month to a print of 10.0. There are reports that the German government is preparing for a contingency plan after Deutsche Bank was slapped with a $14-billion U.S. fine for misrepresentation in the sale of mortgage-backed bonds. The euro is currently trading at $1.4817 Canadian.

Observers expect a range today of $1.4860 to $1.4776 Canadian

No major economic fundamental releases today, but dovish comments from Bank of England member Nemat Shafiq were made at the Bloomberg Conference where it was stated that easing may continue to be required even though overall risks may have temporarily subsided. Surprisingly, the pound sterling has gained momentum and is currently trading at $1.721 Canadian.

Traders expect a range today of $1.7144 to $1.7236 Canadian

The Australian dollar is relatively flat today. The Aussie is opening right at yesterday’s closing price while holding onto its recent gains this week. The pair has been gaining ground for two straight session this week after breaking the high set in August. However, the Aussie could be vulnerable to the downside as iron ore prices continues to drop. The New Zealand dollar is trading slightly lower today, returning all of yesterday’s gains. The kiwi continues to be under pressure from the increasing prospect of a rate cut by the Reserve Bank of New Zealand in its November meeting. The Aussie and the kiwi should continue to trade along with broader market sentiment and commodity prices as there is no domestic data scheduled for the rest of the week.

Oil (WTI): $45.31

Gold: $1,322.73

Silver: $19.08

Copper: $2.1793

Dollar Index: 95.54]]>
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