Here are four things you need to know this morning
U.S. stock futures point high: The S&P 500 was set to open just short of its record high close on Wednesday of last week, boosted by strong earnings. Bank of America rose four per cent in the pre-market after posting a solid beat on profit. Morgan Stanley also topped estimates.
BCE upgraded to Buy at TD, RBC: The telecom provider “is not a top pick, but we believe it has a better growth and balance-sheet trajectory than we have seen for a few years,” TD said. “So, with the recent weakness in the stock, we are upgrading.” At 10:30 a.m. ET, we’ll hear from Desjardins analyst Jerome Dubreuil, who also calls the stock a Buy.
Nuclear energy, uranium stocks moved higher: They surged Tuesday amid optimism that the U.S. is determined to support the power source and build domestic capacity. The Wall Street Journal says America’s military is working on a plan to put small reactors on Army bases where strained power grids can’t match rising demand.
Another blow for Canadian auto manufacturing: Stellantis intends to move production of its Jeep Compass to Illinois, after previously pausing production at its Brampton, Ont., plant in February because of U.S. President Donald Trump’s tariffs. Ontario Premier Doug Ford said “I have spoken with Stellantis to stress my disappointment with today’s decision to prioritize investment into the U.S.
