Making sense of the markets this week: August 4, 2024 Aug 2nd

How to go about securing the best return for your investment in Canada.

Latest News

Morning Bid: Nvidia vigil sees risk overcome safety - Reuters Nov 20th

Morning Bid: Nvidia vigil sees risk overcome safety ReutersNvidia Stock Earnings Preview: What To Know Before The Report ForbesDow Jones Futures Rise Ahead Of Nvidia Earnings, Jensen Huang; Target Plunges On Earnings Investor's Business DailyStocks Rise With Focus on.... More »

How do you take RDSP withdrawals? + MORE Jun 12th

Registered disability savings plans (RDSPs) were created in the 2007 federal budget, and the first accounts were opened in December 2008. It took a while for financial institutions to offer them and, even now, you cannot open RDSPs everywhere. Most Canadians with RDSPs have only ever deposi.... More »

Softening market drives property values down in 2026, says BC Assessment - CityNews Vancouver Jan 4th

Softening market drives property values down in 2026, says BC Assessment CityNews VancouverB.C. assessments: Numbers reflect stable real estate market in Greater Victoria Times ColonistChip Wilson's $73.4M mansion once again tops the list of B.C.'s highest valued homes &nb.... More »

What is the Saskatchewan Pension Plan? May 12th

The Saskatchewan Pension Plan (SPP) was introduced in 1986 and was originally intended to help part-time workers, the self-employed, or others without access to a pension to save for retirement. Over time, it has evolved and become more appealing to both individuals and businesses. Who can .... More »

Best Canadian equity ETFs 2026 + MORE Apr 18th

Making space in your portfolio for Canadian equity ETFs used to come with rationalizations: that they tended to pay higher dividends than their global peers and that those dividends received preferential tax treatment in non-registered accounts, for example. But Canadian investors these day.... More »

Making sense of the markets this week: August 4, 2024

– moneysense.ca

Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.

Mixed results for Magnificent 7

The narrative around the Magnificent 7 mega-cap technology stocks has become mixed, even in the face of mostly positive earnings news.

Microsoft stock sold off on Tuesday even after the company narrowly beat Wall Street expectations for its fiscal fourth-quarter results and handily surpassing results from a year ago. Investors have been scrutinizing figures for AI operations in particular; Microsoft’s Intelligent Cloud revenue rose 19% year over year and contributed 8 percentage points of growth to its Azure and other cloud services revenue, which grew 29%. Evidently, that wasn’t enough.

Facebook and Instagram owner Meta Platforms, by contrast, easily bested analyst forecasts for the second quarter. It boosted net income by 73% over the same quarter last year and is gaining advertising market share over archrival Alphabet. Compared to its Mag 7 peers, Meta has been a stock-market laggard since 2022 but undertook a cost- and job-cutting campaign that now appears to be paying off…

Continue Reading On moneysense.ca »

Banks.ca constantly finds the best and most current Investment information available in Canada.

Share