Stocks that caught the eye this week


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Which stock headlines and analyst reports caught your eye this week? Here is a press overview that brings together various texts about exchanges.

May 6

News from the market:

Buffett says Berkshire is in good hands and praises Apple despite reducing its stake. Warren Buffett assured Berkshire Hathaway shareholders on Saturday that his successors are ready for the job and praised Apple even as Berkshire reduced its position in the group.

The Chinese group Sinopec is negotiating the purchase of gas and a stake in the Canadian company Cedar LNG. China’s Sinopec is in talks with Pembina Pipeline over liquefied natural gas (LNG) sales and a stake in Canada’s Cedar LNG’s proposed project, two sources familiar with the matter told Reuters.

TD Bank said a comprehensive review of its anti-money laundering program is underway. Canada’s second-largest bank said Friday that a comprehensive review of its anti-money laundering program in the United States and around the world is underway.

WestJet reached an agreement in principle to prevent maintenance technicians from being shut down. Canadian airline WestJet has reached an agreement in principle with the union representing its maintenance engineers to avoid a shutdown, the two sides announced in a joint press release.

Those interested in taking over Paramount are awaiting the conclusions of a special commission responsible for evaluating various options. A special committee of Paramount Global’s board of directors tasked with evaluating takeover bids met Saturday morning, with suitors awaiting next steps.

Monitor:

Apple (AAPL, $183.38): AI will power the next growth supercycle. Since January, the iPhone maker’s stock has been in the grip of a correction that appears to have ended with the release of Q1 results. While investors appear to have feared the worst because of a sharp decline in sales in China, the results were better than most observers expected, said Daniel Ives, an analyst at Wedbush.

CGI Group (CGI.B, $141.86): the decline over the past month makes the stock interesting for long-term investors. American company Accenture, a consulting giant specializing in, among other things, digital transformation, published quarterly results on March 21 that disappointed investors and caused the share price to fall by more than 20%. Accenture’s results suggest that demand recovery in the information technology sector will be slower than expected. CGI was not spared and its share price fell 14%.

Air Canada (AC, $18.76): after the results caused the share price to weaken, an RBC analyst comments on this outlook with nuance. The Canadian carrier’s quarterly results released last week came in slightly below expectations, while margins came in lower than expected. But Air Canada is still making solid progress in growing cross-border segments in Asia-Pacific, notes James McGarragle, an analyst at RBC Capital Markets.

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