BCE Inc T.BCE.PR.K

TOO MANY TAILWINDS FAVOUR BCE NOW??

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The Globe and Mail reports in its Wednesday, Aug. 7, edition that the global stock markets' volatility this week may offer a pleasant takeaway for rattled investors: Canada appears as an attractive market for shelter from the turbulence. The Globe's David Berman writes that Tuesday's market action underscored the point. The S&P/TSX Composite Index fell just 1.1 per cent. That is on a day that began with some trepidation over how widely the global sell-off would spread, after Monday's alarming equity market downturns in Japan and the United States arrived with new fears of a global economic downturn. More remarkably, some key Canadian stocks from several different sectors actually performed reasonably well on Tuesday. Telecom giant BCE and oil producer Suncor Energy ended the day slightly higher, while Constellation Software and Hydro One dipped only slightly, alleviating fears of an equity market bloodbath. This might be an early indication that the Canadian stock market is well positioned to benefit as investors recoil from overhyped U.S. technology plays and seek stocks with reasonable valuations closer to home. In particular, some observers expect that the market can gain traction as interest spreads beyond the Magnificent Seven U.S. stocks.

 

Globe says BCE, Suncor performed well on Tuesday

2024-08-07 04:12 ET - In the News

 

Also In the News (C-CSU) Constellation Software Inc
Also In the News (C-H) Hydro One Ltd
Also In the News (C-SU) Suncor Energy Inc

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There can never be too many tailwinds.  Maybe that's the dustbuster's problem.  Blowing instead of sucking.  He's in revearse. GLTA