The Week of November 13th to November 19th, 2017 “A brief Look Back Into Tomorrow”






The new North American trading week began on Monday, November 13th with the major markets finally off of their recent all-time highs, to which technical analysts David Tippin & Ron Meisels commented – “Conditions are developing to suggest that the current advance is nearing an end and that markets may experience pullbacks.” (For a complete copy of this report please contact Rod.Blake@canaccord.com.)




General Electric (GE-N) stunned the market after the Dow icon stating it would be selling off about twelve or US$10-billion of its subsidiaries, and cut its dividend in half for only the second time since 1938.




The price of Mattel Inc. (MAT-N) stock surged up by over 20% to US$17.62 on word that competitor Hasbro Inc. (HAS-N) was going to take another takeover run to the toy company.




Hempco Food (HEMP-V) shares’ rocketed up by 96% to $2.55 on word that Aurora Cannabis had acquired over 50% of the hemp seed food company.




The price of Pretium Resources (PVG-T) dropped by 8% to $13.30 after the norther British Columbian based gold company’s first full quarter of production figures failed to meet analysts’ expectations.




Tuesday, November 14th had Canadian aerospace company Bombardier Inc. (BBD.B-T) announce it has signed a letter of intent to supply up to 24 of its new CSeries jets to Egypt Air Holdings.




Ballard Power (BLDP-T) announced it had signed a agreement with giant engineering firm Siemens AG to supply zero-emission fuel cell engines for their Mireo light rail trains.




Amazon.com (AMZN-Q) enhanced its video streaming business by purchasing the global television rights to J.R.R. Tolkien’s ‘Lord of the Rings’ trilogy.




The price of Buffalo Wild Wings (BWLD-Q) stock surged up by 24% to US$145.30 after the restauranteur received a US$2.3-billion takeover offer from private equity firm Roark Capital Group.




Martinrea International (MRE-T) stock rose by 11% to $13.90 on Wednesday, November 15th after the auto parts company produced its 12th-consectutive quarter of record year-over-year adjusted earnings.




The price of Acorda Therapeutics (ACOR-Q) stock plunged by over 39.5% to US$17.04 after the pharmaceutical company reported that 5-people had died during a recent trial of its Parkinson’s disease drug tozadenant.




JA Solar (JASO-Q) shares’ fell by over 14% to US$6.88 after the solar panel manufacturer reported lower than expected 3rd-quarter earnings.




And the price of Target Corp. (TGT-N) stock dropped by 10% to US$54.16 after the giant retailer lowered its profit forecast for the upcoming holiday season quarter.




Thursday, November 16th had giant electronics retailer Best Buy (BBY-) join a growing list of retailers to lower its sales guidance for the upcoming holiday season.




The price of Cisco Systems (CSCO-Q) stock rose by 5.5% to US$55.33 after the giant telecommunications company reported better than expected 3rd-quarter financials.




Time Inc. (TIME-N) shares’ surged up by over 28% to US$16.23 on word that takeover offers for the publishing company were intensifying.




Wal-Mart (WMT-N) shares’ rose by 11% to US$99.64 after the world’s largest retailer handily beat the streets expectations with its 3rd-quarter financials.




Tesla Inc. (TSLA-Q) continued to disrupt the automotive world as on Friday, November 17th when founder Leon Musk introduced the company’s first all-electric transport truck that will be able to haul a full cargo 800-kilometers between charges. Mr. Musk also introduced their new ‘Roadster’ sports car that can accelerate from 0 – 60 miles-per-hour in just……now wait for it….1.9-seconds.




Oncolytics Biotech (ONC-T) shares’ surged up by 35% to $0.77 on word the pharmaceutical company had secured a licensing agreement Adlia Nortye to endeavor to develop treatments for cancer and metabolic diseases.




Abercrombie & Fitch (ANF-N) and Foot Locker (FL-N) saw their stock prices move up by 24% and 28% respectively after the retailers reported encouraging 3rd quarter financials and better still – both anticipated a better than expected holiday shopping season ahead.




During the Week – The TSX Venture Exchange climbed to a new 5½-month high of 803 while the NASDAQ Exchange rose to a new record closing high of 6,793.




Cott Corp. (BCB-T) at $21.70, Suncor Energy (SU-T) at $46.66 and West Fraser Timber  (WFT-T) at $83.21 all reached new TSX 52-week trading highs while Enbridge Inc. (ENB-T) at $43.91, High Liner Foods (HLF-T) at $12.89 and Ritchie Bros Auctioneers (RBA-T) at $30.63 all fell to new 52-week trading lows.




For the Week – the Dow Industrials fell by 0.27% to 23,358, with the S&P 500 off by 0.12% to 2,579 while the NASDAQ Exchange rose by 0.47% to 6,783. On the Canadian side, the TSX Composite was off by 0.25% to 15,599 while the TSX Venture gained 0.38% to 799.




With Commoditiesgold bullion improved by 1.65% to US$1,295, with copper down by 0.32% to US$3.07, as crude oil lost 0.42% to US$56.74 and natural gas fell by 3.02% to US$3.21. Overall, the CRB Spot Commodity Index fell by 0.70% to end the week at 428.




The Canadian dollar dropped by 0.49% against its southern cousin to finish the week at US$0.7835.




And the closely watched CBOE Volatility Index or VIX was off by 0.14-point to end the week at a slightly more calmer level of 11.43.




And Finally – A recent CNBC.com study found that the wealthiest 1% of the world’s population now own 50.1% of the world’s wealth – up from the 45.5% they owned in 2001.



Posted November 20, 2017


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