5 from 5i: LYFT, the most expensive US stock to short

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Market View

US President Donald Trump said on Thursday that the US and China were close to a trade deal that could be announced within four weeks. Markets seem to be doing positively despite another 2019 record-low trading volume day this week. The Canadian dollar was 74.75 cents. U.S. S&P500 was up 1.5% this week and TSX ended the week up 1.2%.

Four of the twelve subgroups ended in the negative territory this week. Consumer discretionary jumped the highest by 4.4%, followed by energy 2.6%, financials by 2.4%, and consumer staples 1.5%. Technology slipped by 0.9% and utilities by 0.7%.  Corus Entertainment Inc beat analyst’s estimates for quarterly profit. This was driven by a jump in television advertising revenue. The most heavily traded shares by volume were Aurora, Prometic Life Sciences and Encana Corp.

5 from 5i

Here are five reads we found interesting last week:

-Lyft, the most expensive US stock to short (just days after its IPO)

-Global markets update

-Charts from JP Morgan Asset Management Q1 “Guide to markets

-Indexing isn’t all bad for the markets

-Why all the global economic slowdown outcry is just noise

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