Cargojet Inc T.CJT.DB.F

Primary Symbol: T.CJT Alternate Symbol(s): CGJTF | T.CJT.DB.E

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Cargojet Inc. is a Canada-based provider of time sensitive air cargo services to all major cities across North America, providing dedicated, aircraft, crew, maintenance and insurance (ACMI) and international charter services. The Company's main air cargo business is comprised of operating a domestic network air cargo co-load network between sixteen major Canadian cities and providing dedicated aircraft to customers on an ACMI basis, operating between points in Canada, the United States, Mexico, South America, Asia and Europe. It also operates scheduled and ad hoc international routes for multiple cargo customers between United States and Bermuda, between Canada, United Kingdom and Germany; between Canada and Asia; and between Canada and Mexico. Its charter services include Go Now, dangerous goods, heavy & oversized cargo, humanitarian and relief, remote destinations, automotive, and oil and gas. The Company operates its network with its own cargo fleet of approximately 41 aircraft.

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Cargojet Inc

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Post by retiredcfon Oct 13, 2022 6:25am

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Post# 35021530

Stockchase After the Close

Wednesday markets see-sawed by only modestly so, closing moderately down or flat. Markets lack direction ahead of Thursday morning’s crucial CPI inflation data from the U.S. On Wednesday morning, American PPI data (producers’ inflation) came in higher than expected. The S&P closed -0.336%, the Nasdaq -0.09%, and the Dow -0.1% while the TSX was flat. Eight of the 11 S&P sectors were positive.

Travel saw big gains as Carnival leapt 9.86%, Norwegian Cruise Lines 11.78% and American Airlines 4.04%. Meanwhile, laggards included Albemarle at -7.67%, Nextera Energy -4.34% and Lockheed Martin -3.11%. The U.S. 10-year yield ticked down to 3.9% while Bitcoin also inched down modestly to $19,100.

In Toronto, most sectors were in the green, led by consumer staples, but weighed by utilities. Major gainers included Tilray up 7.3%, Aritzia rallying 6.51% after raising their forecast, and CargoJet climbing 4.94%. Heading down were Cameco by 13.48%, Ballard Power sliding 6.54% and Innergex Renewable sinking 6.23%.