TSX

U.S. stock markets ticked higher mid-morning after a rocky start to what's shaping up to be a volatile trading day amid fears of financial contagion in the ...

In New York, the Dow Jones industrial average was down 90.50 points at 31,819.14. “We’ve been saying all along that we haven’t seen any cracks in the armour … The April gold contract was up US$49.30 at US$1,916.50 an ounceand the May copper contract was up two cents at US$4.05 a pound. The April crude contract was down US$1.88 at US$74.80 per barreland the April natural gas contract was up 18 cents at US$2.61 per mmBTU. Gains in tech helped U.S. The S&P 500 index was down 5.83 points at 3,855.76, and the Nasdaq composite was up 49.96 points at 11,188.84.

). Year-to-date, Jamieson's share price is down 14 per cent, making it the worst performing stock in the S&P/TSX consumer staples (sector) index. The stock is ...

The average one-year target price is $43.17, implying the share price has 44 per cent upside potential over the next year. If a security appears on the negative breakouts list, this indicates negative price momentum, and may be indicative of either deteriorating fundamentals or perhaps indicates a buying opportunity. The consensus EBITDA estimate is $143-million in 2023, up from $123.8-million reported in 2022 and anticipated to increase to $155-million in 2024. According to Bloomberg, the stock is trading at an enterprise value-to-EBITDA multiple of 11.6 times the 2023 consensus estimate, near its lowest level over the past five years (trough multiple was roughly 11.1 times reached in Feb. The consensus EBITDA forecasts were $152-million for 2023 and $162-million for 2024. In 2022, this segment represented 20 per cent of total revenue and 7 per cent of adjusted EBITDA with an adjusted EBITDA margin of 9.9 per cent. On the earnings call, chief financial officer Chris Snowdon highlighted management’s 2023 outlook with forecasts that were below the Street’s expectations, “We are introducing our outlook for fiscal 2023 and anticipate the following: net revenue in the range of $670 million to $700 million, reflecting annual growth of 22 per cent to 28 per cent. This small-cap consumer staples stock with a market capitalization of $1.25 -billion is well covered by analysts on the Street. Revenue from the Strategic Partners segment increased 22.4 per cent to $36.8-million. In 2022, the Jamieson Brands segment represented 80 per cent of total revenue and 91 per cent of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) with an adjusted EBITDA margin of 25.8 per cent. Revenue from the Jamieson Brands segment grew 56 per cent year-over-year to $156-million with organic growth of 5.6 per cent. Total revenue increased 48.5 per cent year-over-year to $192.8-million, below the Street’s forecast of $202-million.

New developments related to the Silicon Valley Bank may keep the TSX stocks, especially bank stocks, volatile.

Commodity prices across the board were trading on a bullish note early Monday morning, which could help mining and energy TSX to open higher today. On Sunday, the American financial regulators announced actions to protect Silicon Valley Bank’s depositors. In the first quarter of its fiscal year 2023 (ended in January), the Markham-headquartered enterprise software company’s total revenue declined 4.2% year over year to $106.4 million. Notably, its earnings were also lower than the Street analysts’ estimate of $0.37 per share. With this, the main TSX index ended the week with 3.9% losses, marking its worst weekly performance since September 2022. As uncertainties about the implication of this development unnerved global investors, the S&P/TSX Composite Index plunged by 312 points, or 1.6%, to 19,775 — closing below the 20,000 level for the first time since January 10.

Canada's main stock index fell at Monday's opening bell with energy and financial stocks under pressure. On Wall Street, key indexes were also in the red at the ...

The U.S. The Canadian dollar was up early Monday morning as its U.S. dollar index, which measures the U.S. The range on West Texas Intermediate was US$76.14 to US$77.47. Spot gold was up 0.6 per cent at US$1,878.54 per ounce by early Monday morning. In other words, there was $1.81 in credit market debt for every dollar of household disposable income in the fourth quarter of 2022, Statscan said. dollar but offset by continued worries about the road ahead for U.S. Overseas, the pan-European STOXX 600 was down 2.32 per cent by afternoon with bank stocks under pressure. In Britain, meanwhile, HSBC said on Monday it is acquiring the U.K’ subsidiary of Silicon Valley Bank for 1 pound. She said it’s now possible the U.S. “SVB’s flash crash raised questions that other similar local banks in the U.S. Early Monday, all eyes were on the banking sector after the failure of the Santa Clara, California-based bank triggered contagion concerns.

It is a volatile trading session for markets this morning amid fears of financial contagion in the U.S. after the second-and third-largest bank failures in ...

The Canadian dollar traded for 72.83 cents U.S. In New York, the Dow Jones Industrial Average was down 90.50 points at 31,819.14. compared with 72.43 cents U.S. The April crude contract was down US$1.88 at US$74.80 per barrel and the April natural gas contract was up 18 cents at US$2.61 per mm/BTU. markets mostly down Monday after a volatile day of trading while Canadian markets fell on weakness in energy and financials. The S&P 500 Index was down 5.83 points at 3,855.76, while the Nasdaq Composite was up 49.96 points at 11,188.84.