FINWIRES · TerminalLIVE
FINWIRES

TSX up 455 Points at Midday With Healthcare, Materials, The Best Performers

作者

-- The Toronto Stock Exchange is up 455 points at midday, partially recouping some of the 630 points lost over five straight days of losses.

The best performers are healthcare (+3.6%) and materials (+2.3%). Bausch Health (BHC.TO), which reported an earnings beat after markets closed on Wednesday, is near-10% higher, to $8.41.

Real Canadian GDP was up 0.2% in February, Statistics Canada reported today, and the advance reading for March and the first quarter, showed the economy is "far from running on all cylinders".

CIBC's Andrew Grantham said: "While growth in Q1 appears close to the Bank of Canada's MPR projection, the apparent stall again in March is a concern regarding momentum heading into the spring. Consumer spending appears to be slowing again, which is understandable given the squeeze from higher gasoline prices as well as a still sluggish labour market. We continue to believe that there's enough slack within the economy to keep core measures of inflation fairly muted, even as the impact of higher energy prices passes through in some areas, which will enable the BoC to leave interest rates on hold through 2026."

For its part National Bank said the latest data confirms the Canadian economy has held up in the first quarter despite headwinds. Despite the expected stagnation of the economy in March, GDP by industry shows growth of 1.7% on an annualized basis in the first quarter of the year. Not less than 12 out of 19 sectors posted growth during the quarter, it noted.

"Under normal circumstances, such growth would be considered decent, but it comes at a time when the population is shrinking, which is holding back the economy's potential GDP. Consequently, GDP per capita is on track to experience its strongest growth in 15 quarters (+2.1% annualized). This is good news for an economy with excess supply and an unemployment rate above its full-employment level," National Bank said.

"Unfortunately," it added, "past performance is no guarantee of future results regarding this renewed growth. The Canadian economy remains vulnerable due to tariff uncertainty and now, the global geopolitical situation. While higher commodity prices could benefit some industries, the potential upside should be offset by the negative impact on consumers, which are facing a jump in inflation. Weak real estate activity in major urban centers across the country (Toronto, Vancouver, among others) is causing a negative wealth effect, which represents another headwind for consumers."

In stocks, Bombardier (BBD-B.TO) shares jumped 17% to $279.86 after it reported an first-quarter earnings beat.

相关文章

US Markets

Truist表示,微软激进的资本支出计划可能会使自由现金流持续承压。

Truist Securities在一份报告中指出,微软(MSFT)为利用人工智能的强劲需求而制定的激进资本支出计划,可能会在短期内给其自由现金流带来压力。 这家科技巨头计划在2026年投资约1900亿美元用于资本支出,其中包括因组件价格上涨而增加的250亿美元。首席财务官艾米·胡德(Amy Hood)在周三晚间的财报电话会议上表示,公司对计划投资的回报充满信心,因为“需求信号增强”和产品使用量不断增长。 Truist董事总经理特里·蒂尔曼(Terry Tillman)在给客户的报告中表示:“资本支出仍然是微软关注的重点,公司将继续积极投资以满足人工智能驱动的需求。资本支出并非过度支出,而是为了提前投资以支持结构性持久的需求,尽管随着这一建设的继续,自由现金流在短期内可能仍将面临压力。” 该券商将微软股票的目标价从675美元下调至575美元,但维持其“买入”评级。 “尽管我们认为微软的基本面持续改善,但我们认为该股不太可能完全摆脱整体估值压力,因此目前的股价反映了更为平衡的风险/回报,”蒂尔曼表示。 周四下午交易时段,该公司股价下跌3.7%。截至目前,该股在2026年已累计下跌约16%。 “即使进行了这些额外的投资,并持续努力加快图形处理器(GPU)、中央处理器(CPU)和存储容量的上线速度,我们预计至少到2026年,产能仍将受到限制,”胡德告诉分析师。“尽管存在这些限制,并且需要持续平衡新增供应,但我们预计Azure的增长在下半年将比上半年略有加速。” 微软第三财季的业绩超出华尔街预期。微软首席执行官胡德周三晚间在一份声明中表示,公司营收、营业利润和每股收益均超出预期,这反映了“强劲的执行力”以及市场对微软云服务日益增长的需求。Azure是微软的云计算平台。 微软预计本季度营收为867亿美元至878亿美元,这意味着年增长率为13%至15%。 周三晚间,Facebook和Instagram的母公司Meta Platforms(META)将全年资本支出预期从之前的1150亿美元至1350亿美元上调至1250亿美元至1450亿美元,主要原因是零部件价格上涨。Price: $406.97, Change: $-17.49, Percent Change: -4.12%

$META$MSFT
Research

加拿大国家银行维持对AltaGas的“优于大盘”评级,并将目标价从51加元上调至52加元,理由是“出口创纪录,凸显中游业务的上涨潜力”。

Price: $51.04, Change: $+0.40, Percent Change: +0.79%

$ALA.TO
Australia

板块动态:金融股午后上涨

周四下午晚些时候,金融股走高,纽约证券交易所金融指数上涨1.3%,道富金融精选行业SPDR ETF(XLF)上涨0.5%。 费城住房指数上涨1.6%,道富房地产精选行业SPDR ETF(XLRE)上涨1.5%。 比特币(BTC-USD)上涨0.9%至76,409美元,10年期美国国债收益率下降2.8个基点至4.39%。 经济方面,美联储首选的通胀指标——核心个人消费支出价格指数(CPEPI)3月份同比上涨3.2%,高于2月份的3%,符合预期。该指数环比上涨0.3%,低于2月份的0.4%。 美国第一季度经济增长(以国内生产总值衡量)为2.0%,低于第四季度的0.5%,低于彭博社调查预期的2.3%。 截至4月25日当周,美国首次申请失业救济人数降至18.9万人,低于前一周向上修正后的21.5万人,而彭博社调查预期为21.2万人。 企业新闻方面,据彭博社报道,花旗集团(C)将退出工业金属实物交易,并已通知大宗商品团队的部分员工可能面临裁员。花旗股价上涨0.2%。 据《金融时报》报道,KKR(KKR)正在考虑出售Flora Food Group的涂抹酱业务,寻求以最高100亿美元的估值达成交易。KKR股价上涨4.8%。 万事达卡(MA)第一季度业绩超出华尔街预期,但该公司表示,中东冲突影响了跨境旅行支出。其股价下跌近4%。 据彭博社报道,AvalonBay Communities(AVB)和Equity Residential(EQR)已就潜在合并事宜展开磋商,这将是史上规模最大的房地产交易之一。AvalonBay股价下跌1.1%,Equity Residential股价小幅走低。

$AVB$C$EQR$KKR$MA