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Analysts slash estimates for Shopify amid global retreat for tech stocks

Shopify Inc. headquarters signage in Ottawa on May 3.Sean Kilpatrick/The Canadian Press Analysts have slashed expectations for Shopify Inc.’s SHOP-T second-quarter financial results as macroeconomic concerns weigh heavily on the outlook for the Ottawa-based company amid a global rout for technology stocks. Shares of Shopify, which provides software for businesses and creators around the world …

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Buy these ETFs to take advantage of falling stocks and bonds. Plus, BlackRock’s latest advice for Canadian investors

So you want to take advantage of the ‘buy low’ opportunity presented by falling markets – will that be stocks or bonds? Both are having a time of it in 2022 – the S&P/TSX composite index was down 10.9 per cent for the year to date, while the FTSE Canada Universe Bond Index was down …

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Why this money manager has the confidence to recommend investors ‘stay calm’

John Zechner.The Globe and Mail John Zechner has seen his share of market downturns in his nearly 40 years managing money. It’s that experience that gives him the confidence to recommend investors “stay calm” during the latest market rout – and start buying if they have the stomach for more volatility. “We’ve seen buying opportunities …

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How buying Royal Bank stock taught this investor the value of patience

In My First Stock, we talk to Canadians about the first stock they owned and how the experience shaped how they invested today. Shawn Matthews, semi-retired security analyst and do-it-yourself investor from Waterloo, Ont. First stock: Royal Bank of Canada My father opened a joint investment account with me in the 1990s, when I was …

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GameStop profits create $150-million pay windfall for executive of Canadian company

A GameStop store in San Rafael, Calif., on Dec. 8, 2021.Justin Sullivan/Getty Images The wild trading in shares of GameStop GME-N in early 2021 created one of the biggest paydays in history for an executive of a Canadian public company. Richard Mashaal, a vice-president of little-known Montreal-headquartered investment company Senvest Capital Inc., SEC-T received just …

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What will happen to Canadian bank stocks in a recession?

A daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Bespoke Investment Group notes a sharp drop in investor confidence in a New York Fed monthly survey: “As the equity market has weakened this year amid higher inflation and the Fed’s rate hike cycle, consumer sentiment towards the stock …

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Elon Musk makes meme on Twitter legal threat after scrapping $44-billion deal

Twitter’s stock slid more than 6% before the market open Monday, July 11, 2022, after billionaire Elon Musk announced late Friday that he will abandon his $44 billion offer to buy Twitter.Richard Drew/The Associated Press Elon Musk on Monday mocked Twitter Inc’s threat to sue him following his move to abandon the $44 billion takeover …

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Nine TSX financial stocks that may be flying under your radar

What are we looking for? Small and mid-cap stocks in the financial sector with attractive trade-offs between performance and valuation. Everyone appreciates large Canadian banks and they are indeed solid companies. Unfortunately, when a stock is highly appreciated it will naturally sell at a higher price and our banks, beloved by investors, are no different. …

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20 stocks with a history of profitability that could weather a downturn

What are we looking for? High-quality companies garnering positive sentiment from Street analysts. The screen In a recent article, The Globe and Mail highlighted Mark Carney’s thoughts on the state of the Canadian economy and the possibility of a looming recession. In short, Mr. Carney doesn’t think things will be as bad as they were …

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