The Canadian Vanguard Stock Market Report At Market Close – Monday, November 18, 2024
.
Follow us for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing
.
The Toronto Market
The TSX composite was up 86.26 points or 0.35% to close the market at 24,976.94.
The Market Spread: Only five of the ten major sectors gained at the market session today. Basic Materials gained 2.83% to lead the sectors. Energy, up 0.68%, was next; Telecommunications Services was up 0.34% while Financials and Utilities were each up 0.09%. Technology was down -1.28% and Discretionary Consumer Goods & Services was down -1.35% today.
Industry Groups: Coal, up 7.15%, was the top performing industry at the TSX today. Computer Hardware gained 4.52%; Precious Metals & Minerals gained 3.65%. Advertising /Marketing, a regular performer gained 3.10% and Financials – Specialty gained 2.70%.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were three Advancers for every two Decliners or a ratio of 1.52-to-1.0. In real numbers, there were 1,151 Advancers and 757 Decliners while 152 stocks remained Unchanged.
Today, the total volume of shares traded at the TSX was 436,003,339 or 4% less when compared to the volume of 454,893,381 shares traded on Friday.
Today, there were 107 new 52-Week Highs and 20 new 52-Week Lows. By comparison, there were 96 new 52-Week Highs and 28 new 52-Week Lows on Friday.
.
The US Markets
The markets’ performance today was mixed. Dow was down while S&P 500 and NASDAQ were up. The Dow Jones Index declined -55.39 points or -0.13% to close at 43,389.60. The S&P 500 index gained 23.00 points or 0.39%, to close at 5,893.62. The Nasdaq Composite advanced 111.69 points or 0.60%, to close the session at 18,791.81.
The Market Spread: Market breadth was quite broad-based today as nine of the major sectors gained at the market session. Basic Materials, up 1.38%, was the top performing sector. Energy gained 1.29%; Durable Consumer Goods & Services was up 0.83%; Telecommunications was up 0.71% and Technology was up 0.48%. Nvidia declined again today. Financials was up 0.33% and Industrials gained 0.27%. Healthcare, down -0.18%, was the only sector to decline. The markets were positive today.
Industry Groups: Precious Metals & Minerals was up 4.45%; Auto & Truck Manufacturers was up 4.11%; Computer Hardware was up 2.75%; Entertainment Production was up 2.66% and Consumer Electronics was up 2.62%.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). There were eight Advancers for every five Decliners or a precise ratio of 1.7-to-1.0. In actual numbers, there were 2,575 Advancers to 1,510 Decliners with 309 Unchanged.
Today, there were 159 new 52-Week Highs and 88 new 52-Week Lows. By comparison, on Friday there were 117 new 52-Week Highs and 108 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 839,680,982 or 30% less, when compared to the total volume of 1,202,169,678 stocks traded yesterday.
On the NASDAQ, the Advancers edged out the Decliners. Roughly, for every Advancer there was a Decliner or a precise ratio of 1.02-to-1.0. In actual numbers, 2,205 Advancers to 2,161 Decliners with 236 Unchanged.
Today, there were 90 new 52-Week Highs but 271 new 52-Week Lows. By comparison, on Friday there were 64 new 52-Week Highs but 295 new 52-Week Lows.
The total volume of stocks traded at the NASDAQ today was 8,153,967,573, or just about the same when compared to the total volume of 8,158,053,620 shares traded on Friday.
Oil Price: Oil prices rallied more than 3%, to settle around $69.20 a barrel.
10 –year Treasury Yield: The 10-year Treasury yield edged lower a few basis points to 4.41%.
.
Stocks In The News/Stocks To Watch
The US Markets
Super Micro Computer Inc. (SMCI) was the top gainer on the S&P500 today. The company announced earlier in the day that it has appointed an independent auditor and submitted a plan with Nasdaq to comply with listing requirements. The company had issues with compliance requirements with NSADAQ listing but the company is now trying to get all that behind it. The stock had declined massively this year.
SMCI makes servers for data center operations and builds servers for AI computations based on NVIDIA chips. “This is an important next step to bring our financial statements current, an effort we are pursuing with both diligence and urgency,” Super Micro CEO Charles Liang said in a statement today.
SMCI stock rose 15.93% or $2.96 to close at $21.54 with a volume of 198M Shares traded today. The stock further advanced 37% in afterhours market.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
Tesla Inc. (TSLA) stock looks like it is plotting a return to $350.00 stock price or higher real soon.
IMPORTANT NOTICE
Readers are reminded that the market’s performance at the following day’s market session may completely differ from the market performance at the overnight markets.
SUBSCRIPTION Offer: We thank you for following our Stock Market posts but please be aware that we shall soon be restricting these articles to subscribers only.
We do not send this publication by email to readers. If you receive a copy by email please simply forward the email to us.
Our reports are composed by humans after proper analysis and detailed research. It is neither AI nor machine generated. We do not, like AI, make things up.
