The Canadian Vanguard Stock Market Report – Monday, May 5, 2025
Palantir Inc. shares fall after hours, Company earnings was in-line with, but did not beat Estimates
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The Toronto Market
The TSX composite index declined -77.99 points or -0.31%, to close the session at 24,953.52. The TSX was down today as some tariff related announcements were made by the Trump administration. The good news was that the indexes decline at -0.31% was relatively minor and not a cause for a major concern. The volume of shares was also down, further reinforcing the point that the decline today can be ignored.
The Market Breadth
Only four of the ten major sectors gained at the market session. Basic Materials was up 1.27%. Retail sectors: Durable Consumer Goods and Services and Discretionary Consumer Goods and Services were up 0.51% and 0.22% respectively. Telecommunications Services was up 0.10%. Financials was down -0.28%; Technology was down -0.60% and Industrials was down -0.65%.
Industry Groups: The top five industry groups in the TSX today were: Coal, up 10.15%; Tires & Rubber Products, up 4.05%; Precious Metals & Minerals, up 2.32%; Airlines, up 1.53%; and Restaurants, up 1.28%.
Today’s Statistics: Today, the issues that declined (Decliners) outnumbered those that gained (Advancers). There were roughly four Decliners for every three Advancers or a more exact ratio, of 1.31-to-1.0, much closer than at Friday’s session. In real numbers, there were 1,038 Decliners to 792 Advancers while 147 stocks remained Unchanged.
Today, there were 41 new 52-Week Highs and 8 new 52-Week Lows. There were 43 new 52-Week Highs and 7 new 52-Week Lows yesterday.
The total volume of shares traded at the TSX today was 304,750,972, or about 9%, almost one tenth, less than the volume of 334,020,563 shares traded yesterday.
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The US Markets
All three US major indexes declined today. The Dow Jones Average index declined -98.60 points or -0.24% to close at 41,218.83. The S&P 500 index was down -36.29 points or -0.64% to close at 5,650.38. The Nasdaq Composite declined -133.49 points or -0.74%, to close at 17,844.24. In small caps, Russell 2000 was down -16.48 points or-0.82% to close at 2004.26. NASDAQ was the laggard index today.
The Market Breadth
The market reversed Friday’s market breadth performance today. Only one of the major sectors gained. Durable Consumer Goods & Services, up a paltry 0.02%, was the only sector to end the session gaining. The market session was negative today. However, except for Energy sector which was down -1.76%, all the sector declines were under -0.95%. Many sectors declined but the amplitude of the declines was nowhere near alarming. Financials was down -0.17%; Basic Materials was down -0.22%; Technology was down -0.57%; Discretionary Consumer Goods & Services was down -0.89%; and Industrials was down -0.92%.
Industry Groups: The top five industry groups at the US markets today were: Marine Port Services, up 5.02%; Precious Metals & Minerals, up 2.87%; Airlines, up 1.38%; Financials – Specialty, up 1.22%; and Tobacco, up 1.15%.
Today’s Market Statistics
At the NYSE, the issues that declined (Decliners) outnumbered the issues that gained (Advancers). There were roughly two Decliners for every Advancer or an exact ratio of 1.88-to-1.0. In actual numbers, there were 2,694 Advancers to 1,433 Decliners with 236 Unchanged.
Today, there were 138 new 52-Week Highs and 46 new 52-Week Lows. This is lopsidedly bullish. There were 144 new 52-Week Highs and 47 new 52-Week Lows on Friday.
The total volume of stocks traded today at the NYSE was 4,442,159,582, or 2%, two percent, less than the total volume of 4,917,608,534 shares traded on Friday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were roughly two Decliners for every Advancer or an exact ratio of 1.88-to-1.0. In actual numbers, there were 2,893 Decliners to 1,539 Advancers with 239 Unchanged.
Today, there were 101 new 52-Week Highs and 68 new 52-Week Lows. There were 110 new 52-Week Highs and 56 new 52-Week Lows on Friday.
The total volume of shares traded at the NASDAQ today was 7,367,580,882, or 13% less than the total volume of 8,481,974,385 shares traded on Friday.
After-hours action: Futures are down slightly this evening. The Dow Futures was down -0.31 vs. fair value. S&P 500 futures was down at -0.48%, and Nasdaq 100 futures was down -0.74% as of the time (11:30pm ET, Monday) of this post update.
Market Roundup Report: Tariffs created some minor market turbulence today. The market indexes were down today but the rally remains intact. The next likely market mover comes is on Wednesday when the Fed’s release their interest rate decision at the conclusion of their meeting. Any Fed’s move on interest rates other than keeping the rates at the current level will surely move the market.
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Stock in the News /Stock To Watch
Palantir stock’s (PLTR) earning’s report, delivered after hours Monday evening, was significantly better than the earnings for the same quarter last year, but he report was in-line with estimated earnings and did not beat the estimates. PLTR price was down from $123 at market close to $112.70 after earning’s report was released. PLTR has was the top S&P 500 performer last year and the stock has maintained that performance level for most of this year. A consequence of this performance is that expectations are high and when the stock reports in line some analyst feel negative vibes about the stock. They expect a perfect score only.
PLTR stock remains a top performer and is a stock we suggest that our readers keep an eye on. One analyst rated the stock as HOLD and at a stock price of $60.00. If you ever see PLTR at such a price within the next few months, you would probably not regret it, if you go ahead and buy a “truck load” of it. The price is down afterhours today after earning’s report was released but we certainly do not see the stock at $60 price any time in the foreseeable future. There is a lot going for the stock including high accumulation rating, market reach and most importantly good product that deep pocketed critical government departments and more recently commercial corporations want.
It is important that you do not purchase any stock because we feature it positively in any of our reports. Do your own additional research and buy only because such additional research findings support and drive your purchasing the stock.
Gold price was up today and so was a number of gold miner stocks. Some of the gold miner stocks worth keeping an eye on are: Agnico Eagle Mines (AEM), Franco-Nevada Corp (FNV) , AngloGold Ashanti Plc (AU) and Eldorado Gold (TSX:ELD).
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Regular Market Day Features
The Canadian Vanguard Beginner’s Watchlist
The Blended Growth Stock Watchlist
EV Manufacturers and Resource Stocks
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