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    ATD.B   CA01626P4033

ALIMENTATION COUCHE-TARD INC.

(ATD.B)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 07/27 04:15:50 pm
49.46 CAD   -0.60%
07/14Alimentation Couche-Tard Seeks Acquisitions
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07/08ALIMENTATION COUCHE TARD : to Host Investor Day on July 14
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07/07ALIMENTATION COUCHE-TARD INC. : Ex-dividend day for
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World shares sink as virus fears offset recovery hopes

01/18/2021 | 04:16am EDT

* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn

* Graphic: World FX rates http://tmsnrt.rs/2egbfVh

LONDON, Jan 18 (Reuters) - Global stock markets sank on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, while the Chinese economy posted a better-than-expected rebound in the fourth quarter of 2020.

European stocks as measured by the STOXX 600 index opened 0.3% weaker, after failed merger talks between French retailer Carrefour and Alimentation Couche-Tard .

Germany's DAX fell 0.2%, France's CAC 40 index fell 0.3% and Italy's FTSE MIB index slipped 0.3%. Britain's FTSE 100 index fell 0.1%.

In Asia, Chinese blue chips gained 0.8% after the economy was reported to have grown 6.5% in the fourth quarter, on a year earlier, topping forecasts of 6.1%.

Industrial production for December also beat estimates, though retail sales missed the mark.

"The recovery in domestic demand still lacks a solid backing," said Lauri Hälikkä, fixed income and FX strategist at SEB. "Sporadic virus outbreaks have intensified downside risks in the near term."

Hallika said the impact of the latest regional lockdowns and mass testing is likely to be limited and short-lived.

The pick-up in China was a marked contrast to the United States and Europe, where the spread of coronavirus has hit consumer spending, underlined by dismal U.S. retail sales reported on Friday.

Poor U.S. consumer spending data last week helped Treasuries pare some of their recent steep losses and 10-year yields were trading at 1.087%, down from last week's top of 1.187%.

The more sober mood in turn boosted the safe-haven U.S. dollar, catching a bearish market deeply short. Speculators increased their net short dollar position to the largest since May 2011 in the week ended Jan. 12.

Also evident are doubts about how much of U.S. President-elect Joe Biden's stimulus package will make it through Congress given Republican opposition, and the risk of more violence at his inauguration on Wednesday.

Elsewhere in Asian markets, Japan's Nikkei slipped 0.8% and away from a 30-year high.

MSCI'S All Country World Index, which tracks stocks across 49 countries, fell 0.1%, down for a second session after hitting record highs only last week.

E-Mini futures for the S&P 500 dipped 0.2%, though Wall Street will be closed on Monday for a holiday.

BUBBLE?

Investors have discussed the question of whether markets are in or may be headed for a bubble.

In a monthly letter to clients last week, Mark Haefele, chief investment officer at UBS Global Wealth Management said all of the preconditions for a bubble are in place.

"Financing costs are at record lows, new participants are being drawn into markets, and the combination of high accumulated savings and low prospective returns on traditional assets create both the means and the desire to engage in speculative activity," he said, warning that in the months ahead, investors will need to pay particular attention to "risks of a monetary policy reversal, rising equity valuations, and the rate of the post-pandemic recovery."

Haefele said however that while he sees pockets of speculation, the broader equity market is not in a bubble.

Cryptocurrency Bitcoin traded up 1.2%, fetching $36,236.

The dollar index duly firmed to 90.908, its strongest since Dec. 21,, and away from its recent 2-1/2 year trough at 89.206.

The euro had retreated to $1.2065, from its January peak at $1.2349, while the dollar held steady on the yen at 103.78 and well above the recent low at 102.57.

The Canadian dollar eased to $1.2792 per dollar after Reuters reported Biden planned to revoke the permit for the Keystone XL oil pipeline.

Biden's pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Capital Hill on Tuesday, the Wall Street Journal reported.

Gold prices gained 0.4% to $1,833 an ounce, compared to its January top of $1,959.

Oil prices ran into profit-taking on worries the spread of increasingly tight lockdowns globally would hurt demand.

Brent crude futures were off 0.6% at $54.58 a barrel, while U.S. crude eased 0.4% to $52.15.

(Reporting by Ritvik Carvalho; additional reporting by Wayne Cole in Sydney; Editing by Angus MacSwan)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIMENTATION COUCHE-TARD INC. -0.60% 49.46 Delayed Quote.14.02%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.08% 0.62248 Delayed Quote.-0.71%
BITCOIN - UNITED STATES DOLLAR 1.84% 39758.33 Real-time Quote.29.20%
CAC 40 0.29% 6551.19 Real-time Quote.18.50%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.18% 0.673111 Delayed Quote.4.94%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.10% 87.291 Delayed Quote.8.42%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.05% 0.7943 Delayed Quote.1.54%
CARREFOUR -0.44% 15.8 Real-time Quote.13.11%
DAX 0.13% 15531.33 Delayed Quote.13.12%
DJ INDUSTRIAL -0.24% 35058.52 Delayed Quote.14.56%
DOW JONES FXCM DOLLAR INDEX -0.02% 11918.5 Delayed Quote.2.21%
EURO / CANADIAN DOLLAR (EUR/CAD) -0.19% 1.48566 Delayed Quote.-4.70%
EURO / JAPANESE YEN (EUR/JPY) -0.08% 129.686 Delayed Quote.3.36%
FTSE 100 0.00% 6994.26 Delayed Quote.8.74%
FTSE MIB 0.09% 25097.55 Delayed Quote.13.78%
GOLD 0.29% 1804.97 Delayed Quote.-5.29%
MSCI UNITED KINGDOM (STRD) 0.04% 1138.911 Real-time Quote.9.85%
NASDAQ 100 -1.12% 14956.971143 Delayed Quote.17.25%
NASDAQ COMP. -1.21% 14660.575708 Delayed Quote.15.12%
NIKKEI 225 -1.39% 27581.66 Real-time Quote.1.42%
S&P 500 -0.47% 4401.46 Delayed Quote.17.46%
S&P UNITED KINGDOM (PDS) -0.04% 1393.58 Delayed Quote.9.31%
STOXX EUROPE 600 0.19% 459.27 Delayed Quote.15.57%
STOXX ITALY 20 (EUR) 0.01% 1090.33 Delayed Quote.14.05%
STOXX ITALY 45 (EUR) 0.11% 113.06 Delayed Quote.13.76%
STOXX ITALY TMI (EUR) 0.10% 116.42 Delayed Quote.14.36%
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Financials (USD)
Sales 2022 55 243 M - -
Net income 2022 2 290 M - -
Net Debt 2022 5 068 M - -
P/E ratio 2022 18,4x
Yield 2022 0,80%
Capitalization 42 169 M 42 273 M -
EV / Sales 2022 0,86x
EV / Sales 2023 0,80x
Nbr of Employees 124 000
Free-Float 76,6%
Chart ALIMENTATION COUCHE-TARD INC.
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Alimentation Couche-Tard Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ALIMENTATION COUCHE-TARD INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 39,27 $
Average target price 43,27 $
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Brian P. Hannasch President, Chief Executive Officer & Director
Claude Tessier Chief Financial Officer
Alain Bouchard Executive Chairman
Deborah Hall Lefevre Chief Technology Officer
Alex Miller Executive Vice President-Operations North America
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