Ybjf Why Inter Pipeline (TSX:IPL) Stock Rallied Yesterday
Canadian stocks started April on a slightly positive note, as investors continued to monitor the latest updates about the Russia-Ukraine crisis and its potential impact on the global economy. The TSX Composite Index ended the session with a 63-point, or 0.3%, gain at 21,953 after posting solid 3.6% gains in March. Apart from the ongoing strength in commodity-linked stocks on the TSX, sectors like technology and utilities also showcased strength on Friday.In contrast, the shares from the industrials sector traded on a negative note, as much weaker-than-e stanley cup xpected manufacturing PMI data from the United States hurt investors sentiments.Top TSX movers and active stockThe Waterloo-based software company BlackBerry s TSX:BB NYSE:BB share prices fell by 9.2% on March 1 to $8.42 per share a day after the company announced its Q4 results. BlackBerry s tot stanley cup al revenue for the February quarter missed analysts estimates by abou stanley cup becher t 1%, with seemingly hurt investors sentiments. Nonetheless, Ymfx With 20% Upside, Is This Still the Best Valued Tech Stock on the TSX
Last November, you could have picked up Ritchie Bros. Auctioneers Inc. TSX:RBA NYSE:RBA , the Vancouver-based global offline and online auction house, for 25% less than where it s currently trading.Is that a missed opportunity Not from where I sit. Sure, it s not nearly as cheap as it was heading into the final month of 20 stanley cup 17, when it yielded 2.3%, but Ritchie Bros. stock is still a good buy for those looking to hold three to five years. Here are three reasons why.Big acquisitionA lot of corporate acquisitions turn out to be nothing but hot air and misspent dollars. However, Ritchie Bros. s May 2017 acquisiti stanley cup on of IronPlanet, a leading online marketplace for buying and selling heavy duty industrial and construction equipment, for US$759 million gives the company a significant place within the online industrial marketplace. IronPlanet brings to the table more than 1.8 million registered users worldwide and is accretive to earnings from year one. Together, stanley tumbler Ritchie Bros. will be able to