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The Bank of Canada made an aggressive interest rate hike of 100 basis points to curb inflation. This move pulled the TSX Composite Index down 2% on June 14. The interest rate and the stock market have a negative correlation as a spike in interest rate makes lower-risk, fixed-income secu...
Morgan Stanley slashed estimates across the automobile industry to adjust for slowing growth and credit headwinds. The top line estimate cuts of 5% to 10% across its coverage and EBITDA cuts in the order of 5% to +15% place the MS forecasts below the consensus expectations ahead of ...
Morgan Stanley analyst Adam Jonas lowered Magna International's ( NYSE: MGA ) price target on to $79 from $84 and keeps an Overweight rating on the shares. He is making "material cuts" to forecasts across his autos and shared mobility coverage, particularly in FY23, to re...
Electric vehicle (EV) stocks were all the rage just about a year ago. A new president in the United States made it clear his administration would be focusing on clean energy , and that included EVs. EV stocks, in turn, soared, along with other clean energy stocks at the announcement fro...
AURORA, Ontario, July 11, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG ) (NYSE: MGA ) INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905-726-7035 TELECONFERENCE CONTACT Nancy Hansford, Executive Assistant,...
Market downturns are devastating for most stock market investors who see the value of their investments decline. However, savvy Canadian investors look at market environments like these as an opportunity to purchase high-quality stocks at considerable discounts. The S&P/TSX Composite ...
The broader market selloff accelerated in June, as the TSX Composite benchmark slipped by 9% the month, posting its biggest monthly losses since March 2020, when the global pandemic-driven shutdowns caused a stock market crash. While investors’ fears about a looming recession...
It is an opportune time to invest in Canadian stocks. The TSX Composite Index is falling gradually into a bear market. All money is pushed towards oil stocks, creating a selloff in good companies with strong balance sheets. Investors are avoiding these companies due to short-term headwinds,...
“Price is what you pay; value is what you get.” It’s a lesson Warren Buffett learned from Ben Graham. But there is more to this sentence than you think. Most often, new investors confuse value stocks with those whose stock prices have fallen significantly or are oversol...
Tech stocks saw a jump after a long bearish trend. Is this jump, the end of the seven-month-long decline that pulled iShares S&P/TSX Capped Information Technology Index ETF down 47%? Or are some value investors buying into oversold stocks before the next wave of selloff triggere...
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2024-07-26 16:50:00 ET In the short term, many factors, including market volatility or economic fluctuations, might affect the performance of even the most fundamentally sound TSX stocks. However, a long-term investment focus on solid dividend-paying stocks in Canada could be a wise...
2024-07-25 20:15:00 ET Magna International ( TSX:MG ) is a prominent player in the global automotive industry, known for its diversified product portfolio that includes ADAS, powertrain technologies, and various automotive systems. And yet, shares of Magna stock are down 27% in the ...
2024-07-25 16:20:00 ET The TSX has seen significant volatility in 2024, with some stocks underperforming despite broader market gains. Among the worst performers lately are First Quantum Minerals ( TSX:FM ), Magna International ( TSX:MG ), and Canadian Tire Corporation...