The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery.
The stock rose $7.70, or 59.2 percent, to $20.70 in afternoon trading. The shares were priced at $13, at the high end of the expected range of $11 to $13 per share.
"As poor as today's economic data was, the good news was we saw some solid earnings," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT, of a day where the Dow Jones Industrial Average bounced around breakeven for much of the day, notched new all-time high, and settled 42 points lower.
Investors will likely follow shares of Donaldson Co. and Stage Stores Inc. on Friday as those firms report quarterly results, along with shares of Aruba Networks, which took a drubbing late Thursday.
NEW YORK -- Proving once again that he's a long-term investor, not a day trader, billionaire investor Warren Buffett's Berkshire Hathaway made few changes to its closely followed $85 billion stock portfolio in the first quarter.
Activist investor Bill Ackman's bullish predictions for The Procter & Gamble Company "should come to fruition for patient investors," especially if the blue chip can "optimize pricing and improve productivity," notes this Barron's column .
Meanwhile, data from the International Securities Exchange , Chicago Board Options Exchange , and NASDAQ OMX PHLX shows a 10-day call/put volume ratio of 1.04 for Amazon.com, Inc., confirming calls bought to open have slightly outnumbered puts during the past two weeks.
The market goes up every day, and yet the CBOE Market Volatility Index basically goes nowhere.
The Dow Jones Industrial Average is sticking close to the flatline, with futures sitting just below breakeven ahead of the bell.
I started my "rebalancing" trek down Wall Street five years ago and have been rewarded while others have suffered through the ups and down of the market.
FYI, you watching TSLA stock lately? For a company that is projected to make $10 million EBITDA, it has almost the same market capitalization as Porsche, who is projected to earn almost $1 billion.
Silicon wafer supplier MEMC Electronic Materials, Inc. grazed the $6 level for the first time since late 2011 on Monday, ultimately settling at $5.69. As WFR soared in tandem with the solar sector, option bulls came out to play, with speculators picking up short-term calls at a rapid-fire rate .
The technical struggles facing Apple Inc. have been fodder for the Street for some time now, and the stock has done little to redeem itself recently, losing north of 1% over the past week.
The major market indexes are higher this afternoon, as the blue chips attempt to notch their 18th straight positive Tuesday .
Financial concern Bank of America Corp is leading the blue chips higher , up more than 2.1% to linger near $13.31 -- in two-year-high territory.