http://tctranscontinental.com/
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http://tctranscontinental.com/
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Metro 10-month daily chart showing the breakout after the quarterly release. Metro will test major resistance at 48. RSI and MACD are confirming the intermediate uptrend and near-term uptrend.
Sales in the second quarter of 2017 reached $2,902.4 million, up 0.7% compared to $2,882.0 million in the second quarter of 2016. Same-store sales were up 0.3% (5.0% in the same quarter last year). Our food basket experienced more deflation than in the previous quarter, at about 2.0% (inflation of 3.0% last year), which largely explains our modest sales growth.
We realized net earnings of $132.4 million in the second quarter of 2017, an increase of 6.0% from $124.9 million for the corresponding quarter of 2016, and fully diluted net earnings per share of $0.56 versus $0.51 in 2016, an increase of 9.8%. Read more of the report………..
Metro Inc’s surging profit beats expectations as cost controls pay off. Link to the article.
http://corpo.metro.ca/en/investor-relations.html
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Reference the last chart analysis for the Canadian dollar when it had a little tailwind.
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Major uptrend and intermediate uptrend for Bank of America. The near-term downtrend is testing the $22 support level. This could be an entry point.
Click here for a live version of the weekly candlestick chart for Bank of America.
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http://www.tradingeconomics.com/germany/stock-market
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Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. Reference Wikipedia
April 19, 2017: Morgan Stanley’s quarterly profit surges on trading gains
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Reference the financials for Intertape Polymer.
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