Capital Signs Civil Works and Tailings Agreement with Reko Diq
UK-based mining services firm Capital Ltd. (LSE: CAPD) announced on Wednesday it has signed a contract with Reko Diq Mining Pakistan that would see the company expand its service offering at the world-class copper project operated by Barrick Gold (TSX: ABX). The agreement involves two phases of work: 1) early civil works for the construction of […]
Bank of Montreal: Anticipating Maximum Credit Costs in…
After taking a fresh look at Bank of Montreal, we are slightly increasing our fair value estimates to CAD 146 and USD 102 from CAD 145 and USD 102. We also maintain our narrow moat and Standard Morningstar capital allocation ratings. We view shares as fairly valued. Key Morningstar Metrics for BMO Financial Group We […]
Bank of Nova Scotia: 2025 Marks a Year of Transformation
We believe that Scotiabank has a narrow moat tied to cost advantage and switching costs. It has a large Latin America exposure, contributing around 40% of its revenue. The bank also has the smallest Canadian exposure among its peers, with around 50% of revenue from Canada. It is not the most dominant player in its […]
TD Bank: Challenges Ahead in 2025 Due to…
• Morningstar Economic Moat Rating: Wide • Morningstar Uncertainty Rating: Medium TD Bank Stock Update After taking a fresh look at Toronto-Dominion Bank, we are updating our fair value estimate to CAD 93/USD 65 per share from CAD 92/USD 65. We maintain our wide moat rating but downgrade our Capital Allocation Rating to Standard from […]
Gold Pulls Back from Record High as Traders Prepare for Trump’s Tariffs
Gold gave up gains after earlier hitting a record amid uncertainty as traders braced for a major escalation in US President Donald Trump’s trade tariffs. Traders are on edge as Trump plans to announce sweeping levies on all of America’s trading partners on Wednesday, raising the risks of retaliatory measures. The precious metal has been […]
US Stock Market Forecast: Identifying Key Opportunities Ahead…
In our 2025 Market Outlook, we noted that the market was priced to perfection, trading at a relatively rare premium to fair value, and asked “Will it last?” We noted that positioning had become increasingly important and recommended investors to overweight value stocks as they were attractively valued. Growth stocks were significantly overvalued, trading at […]
Top and Bottom Performing Canadian Stocks
The Morningstar Canada Large-Mid Cap Index rose 1.7% in the first quarter amid a rally in the basic materials sector. The large-mid index tracks the performance of the top 90% of the Canadian investable universe by market cap, and each quarter we screen from among the stocks in this index to find the best- and […]
Momentum ETFs Hit a Roadblock in 2025
Momentum exchange-traded funds, which follow strategies aimed at riding hot stocks higher, have been tripped by the collapse of the bull market’s bigger winners. These ETFs invest in the market’s recent leaders, which paid off big last year. They were big holders of stocks like Nvidia NVDA and Meta Platforms META, which were at the […]
Gold Stocks in Comex Warehouses Set to Reach New Record Highs Soon
Stock image. Gold stocks in Comex warehouses are on track to hit new records over the coming days due to the risk of import tariffs curtailing shipments to the United States from other countries, analysts and traders say. Latest data from Comex, part of CME Group, shows gold stored in its warehouses in the United […]
Should Investors Be Concerned About US Stocks?
After weeks of declines in the stock market, especially the once-hot tech sector, stocks have bounced. Commentators say investors are finding reasons to be optimistic. This positive spin was applied to the Federal Reserve’s most recent policy meeting, where officials said they still expect two interest rate cuts this year. At the same time, Fed […]