Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Bombardier, Inc.    BBD.B   CA0977512007

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

TSX dips on Syria threat, posts second monthly gain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/30/2013 | 11:33pm CEST

Canada's main stock index fell on Friday as concerns that the United States and its allies might take military action against Syria hit commodity prices, offsetting a jump in Alimentation Couche-Tard Inc (>> Alimentation Couche-Tard Inc) after the retailer reported results.

Canada's main stock index fell on Friday as concerns that the United States and its allies might take military action against Syria hit commodity prices, offsetting a jump in Alimentation Couche-Tard Inc (>> Alimentation Couche-Tard Inc) after the retailer reported results.

The Toronto market climbed 1.3 percent in August, its second straight monthly gain, outperforming the S&P 500 <.SPX> for the first time in eight months.

Couche-Tard's profit more than doubled in its first quarter, helped by stronger merchandise sales at its convenience stores in Canada, the United States and Europe.

The market digested figures that showed U.S. consumer spending barely rose in July and inflation was tame. In Canada, data indicated the economy shifted into lower gear in the second quarter and contracted in June for the first time in six months.

The United States made clear on Friday it would punish Syrian President Bashar al-Assad for a recent chemical weapons attack that it says killed more than 1,400 people.

That capped a volatile week that saw sharp moves in the prices of gold and oil as investors tried to gauge the implications of any military action in the highly-sensitive Middle East.

"The market psyche will get impacted, but the impact will be shorter term," said Shailesh Kshatriya, associate director for client investment strategies at Russell Investments Canada.

"It's hard to see the U.S. and its allies engaged in this conflict over the longer term."

The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed down 50.83 points, or 0.40 percent, at 12,653.90. Seven of the 10 main sectors on the index were in the red.

Kshatriya, who expects the TSX to end the year at 12,400, said recent gains may have been overdone.

"The equity markets in Canada have gotten a little ahead of themselves in the near term," he added. "It's difficult to see sustained momentum in the TSX when you have a situation where earnings growth is as weak as it is."

Energy shares gave back 0.8 percent, reflecting a drop in the oil price. <O/R>

Canadian Natural Resources Ltd (>> Canadian Natural Resources Limited) lost 1.9 percent to C$32.14, and Suncor Energy Inc (>> Suncor Energy Inc.) fell 1.1 percent to C$35.50.

The materials sector, which includes mining stocks, slipped 0.8 percent, with gold producers leading the decline. The price of bullion fell 1.3 percent. <GOL/>

Barrick Gold Corp (>> Barrick Gold Corp.) stumbled 2.8 percent to C$20.11, and Goldcorp Inc (>> Goldcorp Inc.) lost 1.3 percent to C$31.10.

Financials, the index's most heavily weighted sector, shed 0.2 percent. Royal Bank of Canada (>> Royal Bank of Canada) was down 0.5 percent to C$64.90, and Toronto-Dominion Bank (>> Toronto-Dominion Bank) fell 0.3 percent to C$89.62.

Consumer staples stocks showed the sharpest gain, climbing 1.1 percent. Couche-Tard shares rose 5.9 percent to C$60.74.

In company news, Bombardier Inc (>> Bombardier, Inc.) said its CSeries aircraft received a flight test permit from Transport Canada, paving the way for the maiden flight of the narrow-body jet. The stock climbed 1.3 percent to C$4.79.

($1=$1.054 Canadian)

(Editing by Carol Bishopric)

By John Tilak

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOMBARDIER, INC.
09/28 BOMBARDIER : CEO optimistic about refocused Toronto transit system projects
09/28 European turboprop maker ATR to get new CEO - source
09/28 Rockwell Collins' customer Zetta Jet accepts delivery of first Global 6000 ai..
09/28 BOMBARDIER : Zetta Jet Grows its Fleet with Addition of Bombardier Global 6000 J..
09/28 BOMBARDIER : Airworthiness Directives; Bombardier, Inc. Airplanes
09/28 BOMBARDIER : RUAG achieves approvals for Bombardier Challenger CL604 and CL605 i..
09/28 BOMBARDIER : Q400 Manufacturer Upbeat On Its Planes Versatility
09/28 BOMBARDIER : airBaltic to get first two new CS300 airplanes before year-end - Bo..
09/28 BOMBARDIER : CS300 estreia Tour de comprovação de rota europeia em conjunto com ..
09/28 BOMBARDIER : El avión CS300 de Bombardier inicia gira europea de evaluación con ..
More news
Sector news : Aerospace & Defense - NEC
12:25a U.S. APPROVES BOEING, LOCKHEED FIGHT : sources
09/28DJLufthansa Approves Full Takeover of Brussels Airlines -- Update
09/28 European turboprop maker ATR to get new CEO - source
09/28 Exclusive - Airbus to create two new czars as reorganisation takes shape
09/28DJBOEING : Missile System That Downed MH17 Said to Be From Russia
More sector news : Aerospace & Defense - NEC
News from SeekingAlpha
09/27 Iran Is Having It Their Way
09/27 Air Tanzania receives two Q400s
09/26 BOEING EXEC : Canada scrutinizing data for new fighter contract
09/13 Zenith to add Learjet 75s to its fleet
09/08 TransDigm - Great Operator Strikes Again, Yet Quality Has A Price
Advertisement
Financials ($)
Sales 2016 16 829 M
EBIT 2016 284 M
Net income 2016 -616 M
Debt 2016 5 745 M
Yield 2016 0,14%
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0,51x
EV / Sales 2017 0,52x
Capitalization 2 840 M
More Financials
Chart BOMBARDIER, INC.
Duration : Period :
Bombardier, Inc. Technical Analysis Chart | BBD.B | CA0977512007 | 4-Traders
Full-screen chart
Technical analysis trends BOMBARDIER, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 1,65 $
Spread / Average Target 33%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Alain M. Bellemare President, Chief Executive Officer & Director
Pierre Beaudoin Executive Chairman
John Di Bert Chief Financial Officer & Senior Vice President
Laurent Beaudoin Chairman-Emeritus
J. R. André Bombardier Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BOMBARDIER, INC.22.73%2 840
UNITED TECHNOLOGIES CO..6.54%85 659
LOCKHEED MARTIN CORPOR..13.17%74 439
GENERAL DYNAMICS CORPO..13.58%47 627
AIRBUS GROUP-14.98%45 726
RAYTHEON COMPANY11.92%41 127
More Results