Gold's record-breaking rally and the continued march higher for silver and copper are fueling the rally in mining stocks and Canadian equity indices.
Precious metals extended their rally after Iranian President Ebrahim Raisi was killed in a helicopter crash, fueling uncertainty over the succession of power in the country. Investors are also piling on metals amid speculation that the U.S. Federal Reserve may start cu...

PDD Holdings Inc. powered higher on Wednesday, after the e-commerce company reported fourth-quarter earnings that rose well above expectations, citing signs of improving consumer spending.
The Chinese e-commerce giant's total revenues soared nearly 123% year-over-year to RMB88.88B (about $12.52B). Both top and bottom lines surpassed analysts' estimates.
Revenue from online marketing services and others grew about ...

Tesla stock fell by 4.5%, closing at $169.48 on Wednesday after Wells Fargo cut Tesla to its lowest rating, citing the potential for more price cuts that could hit the bottom line.
Source: Moomoo
Analyst Colin Langan downgraded TSLA to a Sell-equivalent Underweight from Equal Weight and lowered its price target to $125 from $200, saying its valuation premium to the other Magnificent 7 stocks is "likely a risk."
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The Nikkei 225 Index approaches the 40,000 milestone, surpassing the all-time high (38957.44) set in December 1989. As of Friday (March 1st), it closed at 39,910.82. The Bank of Japan, which continues to buy Japanese stock and stock ETFs, has a floating book profit reached 32 trillion yen.
Source: Moomoo
The rally in Japanese stocks has enriched the Bank of Japan
The Bank of Japan, which has impl...

Warren Buffett released his annual letter to Berkshire Hathaway shareholders last Saturday, mentioning that “we expect to maintain Occidental Petroleum indefinitely.” At yearend, Berkshire owned 27.8% of Occidental Petroleum’s common shares.
Why would Buffett indefinitely maintain his stake in Occidental Petroleum? The main reason might be that while oil production is declining, oil demand is expected to remain strong for ...

Last week Nvidia’s market cap passed the $1.8trillion mark, leapfrogging Alphabet to become the third most valuable US company after Microsoft and Apple. Moreover, Nvidia options have gone wild, the rolling five-day average notional value of options tied to Nvidia has surpassed Tesla, soaring above $100 billion this year.
However, a scorching rally in Nvidia's shares came to a halt on Tuesday, fell more th...

Looking back over the past two decades, Intel has been firmly held the throne, while the latecomer NVIDIA could only follows. However, with the surging wave of AI, the situation has completely changed.
Source: Bloomberg. As of Feb.16, 2024
NVIDIA's stock price has surged nearly 400% in the past three years, with a gain of over 240% in the past year alone. By 2024, NVIDIA's stock price conti...

Since the Red Sea crisis erupted in October last year, the situation has been continuously escalating. International shipping giants continued to announce the suspension of their routes in the Red Sea from December. Over 90% of container ships redirected their routes to bypass the Cape of Good Hope in southern Africa, resulting in a 1.3% decline in global trade.
How Red Sea attacks impact global supply chain？
A...

Even as the S&P 500 closed last Friday at an all-time high, investors are still contending with data that signals US economic resilience and Fed officials who've pushed back against reducing interest rates too soon.
According to a Bloomberg survey, two thirds of Bloomberg Markets Live Pulse respondents said that betting the Federal Reserve will loosen monetary policy early is the “most foolis...

Small caps have been all the rage on Wall Street over the past two months.
In fact, according to Bank of America's latest fund managers survey, investors haven't been this bullish on small caps in almost three years.
The survey conducted from Jan.5-11 showed investors see large-cap companies underperforming small-cap companies in the next 12 months for the first time since June 2021.
Source: Bank of Am...