Analysts’ forecast returns, recommendations and yields for all stocks in the S&P/TSX Composite Index

The “September Swoon” appears to have arrived early this year with major North American stock markets under pressure in August.

Month-to-date, stock market returns are negative both in Canada and in the U.S. The S&P/TSX Composite Index and S&P/TSX SmallCap Index have declined 3.5 per cent and 3.6 per cent, respectively. South of the border, the S&P 500 has fallen 3.3 per cent, the Dow Jones Industrial Average is down 1.7 per cent and the Nasdaq has tumbled 5 per cent.

On Tuesday, Canada’s inflation rate came in hotter-than-expected, rising 3.3 per cent in July, above the Street’s forecast of 3 per cent and up from 2.8 per cent reported in June. CPI-trim and CPI-median were both in line with expectations at 3.6 per cent and 3.7 per cent, respectively. With inflation remaining well above the Bank of Canada’ 2-per-cent target, markets are now pricing in a 29 per cent probability that the Bank of Canada will raise rates on September 6, according to Refinitiv, and a 53 per cent probability of a rate hike on October 25.

It’s important to note that high target prices, which imply stellar returns that seem unbelievable may be just that - unrealistic. At times, when a stock price falls analysts may maintain their bullish expectations, inflating the forecast return. In addition, an outlier can skew the average target price, to the upside or downside, particularly when the number of analysts covering a stock is low.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

The highest-yielding stocks on the TSX, plus risk dataA look at the equities dividend investors should be seeking
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

The most oversold and overbought stocks on the TSXA look at equities with price momentum in both directions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »