While CN shares have been rising sharply since the fall, the chair of the board of directors of the Montreal rail carrier has just purchased $1 million worth of shares.
Shauneen Bruder bought 1er February a block of 6,000 shares at a unit price of $168.44.
This former vice-president at the Royal Bank is a member of the board of directors of CN since seven years.
Héroux-Devtek is now unanimous on Bay Street. Following the decision taken this week by Tim James of TD, the five analysts officially following the activities of the Longueuil landing gear manufacturer all now recommend the purchase of Héroux-Devtek’s stock. After reading the results presented by Héroux-Devtek on Thursday, Tim James emphasizes that the company has just taken a big step forward with its margins and that the possibilities for margin expansion deserve the attention of investors.
The financial technology company (fintech) Montrealer Lightspeed lost at least two points of support on Thursday after the publication of its most recent quarterly performance. TD and National Bank Financial withdrew their buy recommendations on the entrepreneur commerce platform’s stock due to uncertainty surrounding profit margins. Fears arise in particular from management’s intentions to invest in growth in order to increase revenues, among other things internationally.
Alithya gained two followers in the last 10 days. This week, the Échelon firm launched official coverage of the Montreal company specializing in technological support and the implementation of Oracle and Microsoft solutions by offering the purchase of the stock. The Cormark firm had for its part modified its recommendation to buy on 1er FEBRUARY. Five out of seven analysts now suggest buying. At Echelon, analyst Rob Goff believes that Alithya’s stock is attractive, having significant upside potential over time, while downside risk appears modest.
The transition to a regime of low growth and low inflation that the economy is heading towards has historically been beneficial for risky assets, as this is typically when the global economy emerges from a recession and assets are recovering after being the subject of liquidations, underlines strategist Sébastien Mc Mahon, at iA Global Asset Management, in his monthly commentary for February.
He specifies that the anticipation of several rate cuts already expected by the markets, however, reduces the upside potential of stocks in the short term.
“The macro investment clock – which maps the interactions between economic growth and inflation – suggests that we are about to tip into the most favorable environment for risky assets, although the continued absence of recession could mean that history would not be useful as a guide in 2024,” he adds.
The action of the Laurentian Bank was downgraded to “sell” on Tuesday by Desjardins Securities due to the absence of elements that could lift it in the short term. While the bank will publish its financial performance for the beginning of the year at the end of the month, analyst Doug Young remains very interested in the new CEO’s plans. “Is he considering any significant changes? Has the bank managed to retain its customers since the outage in September? Are there any other restructurings or charges to be announced? »
The founder and CEO of Haivision has just purchased more than $150,000 worth of shares from the Montreal-based provider of streaming solutions. Mirko Wicha purchased blocks of shares during the sessions of January 18, 29 and 30. Haivision’s stock has risen sharply on the stock market since the start of the year.
Quebec titles of Coveoof Héroux-Devtekof CNof WSPof Tecsysof Stingrayof ADF Groupof TFI and Band CGI all hit a 52-week high this week on the Toronto Stock Exchange.
On the other hand, those of TVA GroupofInnergex and of Yellow Pages reached a 52-week low this week.