Elon Musk’s vision is not for the faint of heart

Leave it to Elon Musk to make a company’s stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market sell-off. Mr. Musk’s electric vehicle startup, Tesla Motors Inc, on Wednesday posted its eleventh straight quarterly loss, when analysts had expected a profit. Tesla also said it planned $1.5-billion in capital spending this year but had just $1.2-billion in the bank. Investors focused instead on Mr. Musk’s promises Read more [...]
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Metal bulls savour long rally on feeble dollar

Investors are jumping back into metals they were dumping as recently as a month ago. A global slowdown has increased speculation that U.S. growth will cool enough to force Federal Reserve policy-makers to wait longer before raising interest rates again. The prospect of delays sent the dollar lower and gave metals a boost as alternative investments. Speculators increased their bets on price gains for gold and silver and got less bearish on copper. Gold and copper Read more [...]
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How the former dean of Rotman School of Management is investing his money

Roger Martin may be one of the few Canadians not wincing at his investment portfolio right now. That’s because the business strategist and former dean of the University of Toronto’s Rotman School of Management isn’t invested in the stock markets. He doesn’t own equities – and he never has. Mr. Martin, who is also an author and institute director at Rotman’s Martin Prosperity Institute, plows most of his money into early-stage private startups, a strategy Read more [...]
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Nine U.S. ‘aristocrat’ dividend stocks that are probably not on your radar

Canadians can recognize the names of most of the big, blue-chip U.S. companies that have long track records as dividend payers. Names such as McDonald’s Corp., Coca-Cola Co., Johnson & Johnson and Exxon Mobil Corp. In the vast sea of U.S. equities, however, there are many names with similar dividend legacies that may fly completely under Canadian investors’ radar, such as Donaldson Co. Inc., Lancaster Colony Corp., or New Jersey Resources Corp. We did not select those names for Read more [...]
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The Globe’s stars and dogs for the week

A humorous look at the companies that caught our eye, for better or worse, this week.   RONA (STAR) Bad: Spending hours at a home-improvements store picking up supplies to build a tree fort for your kids – and then remembering you live in a condo. Good: Owning shares of home-improvements retailer Rona. With U.S.-based Lowe’s making a $3.2-billion offer for Rona that sent the Quebec-based company’s shares soaring, investors can afford to buy Read more [...]
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Insiders buy as Endeavour Mining sets 52-week highs

Over the past 90 days, two insiders at West Africa focused Endeavour Mining Corp. spent more than $880,000 buying shares in the market. Endeavour Mining not only took the top spot in INK’s February edition of our top 20 gold stocks, it also grabbed the top spot in our monthly top 40 list of Canadian stocks. However, technical indications put Endeavour Mining in short-term overbought territory. This week, as it set new 52-week highs, it traded near the upper bound of its Bollinger band with Read more [...]
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Bullish on Granite Construction

Granite Construction Inc. rallied from $16.92 (U.S.) to $37.74 (A-B) and then settled in a wide trading range between $28 and $40. The recent rise above the top of this range signalled a breakout, renewed investor interest and the start of a new major up-leg (C). The subsequent pullback to the 40-week moving average (40wMA) provides a good entry level (D). Behaviour indicators including the 40wMA and the rising trend-line (solid line) confirm the positive status. Only a decline below $36 Read more [...]
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Three top stock picks from Sprung Investment’s Michael Sprung

Michael Sprung is president of Sprung Investment Management. His focus is Canadian large caps. Top Picks: Bank of Nova Scotia Last Purchase December 23, 2015 $57.16 The Bank of Nova Scotia is the most international of the Canadian banks with branches in the Caribbean and in Central and South America. The Canadian banks have been impacted by the recent volatility in the markets. BNS is now selling at levels that long-term investors should find attractive as the Read more [...]
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Global appeal of Canadian bonds could soon falter

External demand for Canadian bonds is at risk of faltering, casting doubt on the supply of foreign capital needed to meet Canada’s borrowing needs, according to a National Bank Financial report. The Canadian fixed-income market is exposed to foreign investors like never before, said Warren Lovely, head of public-sector research at National Bank. And with Canada’s once-superior economic stature having slouched under the weight of the commodity shock, the appeal of Canadian bonds to global Read more [...]
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Oil tycoon Pickens cashes out on crude market

Oil tycoon T. Boone Pickens, who made and lost fortunes targeting some of the largest U.S. explorers over the past 40 years, has cashed out as the worst crude market downturn in decades drags on. Mr. Pickens has sold all his oil holdings and is waiting for the best moment to get back in, he said Thursday in an interview on “Bloomberg Go.” With prices low, mid-size U.S. oil companies such as Pioneer Natural Resources Co., Anadarko Petroleum Corp. and Apache Corp. Read more [...]
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