Tag Archives: VRX

Top 10 Canadian Stocks To Own For 2023

What happened

Investors weren’t catching Hexo’s (NASDAQ:HEXO) buzz on Thursday. The marijuana stock was down by over 6% in late afternoon trading, in an apparent reaction to the appointment of a new company executive.

So what

That new Hexo executive is Guillaume Jouët, who is taking the role of chief people and culture officer at the Canadian marijuana company. He will formally begin his tenure on Sept. 8.

Image source: Getty Images.

Top 10 Canadian Stocks To Own For 2023: Valeant Pharmaceuticals International Inc(VRX)

Valeant Pharmaceuticals....More>>>

Top 5 Canadian Stocks To Watch Right Now

Shares of Aurora Cannabis ACB were lower on Friday after the Canadian cannabis company was upgraded by analysts at Jefferies but the investment firm's price target indicates a downside. 

Analyst Owen Bennet upgraded the stock to hold from underperform but also cut his price target to C$8.56, representing 8% downside from the stock's previous closing price. 

The firm says that the company's operational weakness continues while a $1 billion shelf offering from March “means some kind of U.S. move is much more likely.”

“The....More>>>

Top Canadian Stocks To Own For 2023

In a bid to diversify its portfolio in the everyday rewards space, Canadian Imperial Bank of Commerce (CM Quick QuoteCM ) , commonly called CIBC, is set to acquire Costco Wholesale Corporation’s (COST Quick QuoteCOST ) existing portfolio of Canadian co-brand credit card. The Canadian Costco credit card portfolio has more than $3 billion in its outstanding balances. Financial terms of the deal remained undisclosed.

Shares of CIBC gained marginally, post announcement of the acquisition, raising investor optimism on the deal.

Capital One Financial Corporation (COF Quick....More>>>

Top 10 Canadian Stocks To Invest In Right Now

What happened

Marijuana stocks slipped in Wednesday afternoon trading. Shares of Sundial Growers (NASDAQ:SNDL) are trading down 2.8% as of 2:35 p.m. EDT, followed by Aurora Cannabis (NASDAQ:ACB) with a 3.2% loss, Hexo (NASDAQ:HEXO) down 3.8%, and Canopy Growth (NASDAQ:CGC) bringing up the rear with a 4.1% decline.

I blame CNN.

Image source: Getty Images.

So what

Citing a report from the Canadian Medical Association Journal Tuesday, CNN warned that “whether you smoke it, vape it, or eat it as an edible, cannabis may be significantly increasing your risk....More>>>

Top Canadian Stocks To Watch For 2023

Zacks Investment Research upgraded shares of Yamana Gold (NYSE:AUY) (TSE:YRI) from a hold rating to a buy rating in a research note released on Tuesday, Zacks.com reports. Zacks Investment Research currently has $4.75 price target on the basic materials company’s stock.

According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “

Get Yamana Gold alerts:

AUY has been the....More>>>