![Large Size Player Large Size Player](https://www.moneytalkgo.com/wp-content/themes/electron/views/tdtheme/img//icon-large-player.png)
Print Transcript
[theme music] >> Hello, I'm Greg Bonnell. Welcome to MoneyTalk Live, brought to you by TD Direct Investing.
Every day, I'll be joined by guests from across TD, many of whom you'll only see here.
We're going to take you through what's moving the markets and answer your questions about investing.
Coming up on today's show, Ryan Massad from TD Direct Investing is going to be our guest, he wants to answer your questions about the web broker platform and Advanced Dashboard.
Also today, it was a pretty big quarter for Nvidia, blowing past expectations.
That's not the only thing moving the markets today. MoneyTalk's Anthony Okolie is standing by with a breakdown.
So here's how you can get in touch with us.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Before we get to all that and our guest of the day, let's get you an update on the markets.
We will start here at home with the TSX Composite Index.
We are modestly in negative territory, down 27 points or 1/10 of a percent.
Some notable movers out there on volume include Suncor. I was watching the energy names because they were putting points on the table but they were sorta fading throughout the trade, Suncor among them.
I think the last time I checked it was down about half a percent. Right now you got the TSX Composite Index down 27 points or 1/10 of a percent. Let's see if I can't pull up a quote on Suncor myself. I will put this symbol into a broker, it pops right up on the screen for me.
It has given up its gains of the day, down about two cents at this time. Also want to check in on Kinross Gold, we are seeing a pullback in a lot of the mining names in recent sessions.
We saw a huge run up in Golden and copper.
It Kinross right now barely hanging in there at $10.90 per share. That's the way the market is playing out in Toronto right now. The rest of the border, we have green on the screen for the S&P 500 and the NASDAQ. The S&P 500 is up 17 points, about one third of a percent. The tech heavy NASDAQ getting a lift today, all building up to a certain name. 135 points in the green, of almost a full percent, and it is Nvidia lifting the broader markets today.
Let's check in on that name. Wow! 10.5% to the upside, well above $1000 per share, 1049. It was quite the quarter. We will get more into it in a moment. And that was a market update.
If there was any doubt about the impact and I was having on earnings, you can put that to rest, at least regarding Nvidia.
That of Nvidia says demand for his chips is so strong, the company can keep up.
Profits? Up a whopping 600%.
Let's start with Nvidia.
>> You look at the numbers, it shattered Wall Street estimates.
Let's dig into some of the numbers. As sales numbers up 262% to 26 billion, that topped expectations.
Nvidia's sales have topped more than 200% for the third straight quarter. You will get a earnings per share, it's well above the 560 excited by Wall Street. This is Nvidia's most profitable quarter ever.
I think what this signifies is that based on these earnings in the context of the AI boom, it looked strong.
>> Nvidia is one of those names that has to live up to the promise, it has lived up to the promise. Nvidia making that big game we just showed.
We can show you the S&P 100 and the heat map because it's a real story of almost Nvidia versus the rest of the markets today. You got Nvidia they are clearly taking up a lot of territory in the green.
As you go across the rest of the board, some of the other chipmakers, AMD and Intel, their underwater.
Boeing had some negative news.
It's a day that if you are looking at why the S&P 500 and the NASDAQ are in positive territory, it's pretty much an Nvidia story.
>> It shows you the importance of Nvidia to the markets. We have seen the NASDAQ in a fresh high. But there are some other stories right now that are going on.
What we are seeing is that markets are really talking about the Fed minutes I came out yesterday. We also got some economic data that came out as well so I think they're struggling to absorb this.
Let's start with the economic data.
We got many services in manufacturing data from the US which came in hotter than expected, showing expansion, managers surveys from the S&P global, we look at the service index, he came in at a 54.8 gain, showing expansion. Manufacturing index came in just about 50. And another thing here is that both input prices rose sharply. This supports the Fed's concern highlighted in the May minutes which was that there was a lack of progress on inflation. They raised concerns that interest-rate cuts may not be imminent because they still haven't seen that progress on inflation. I think right now the markets are grappling with that.
You are seeing bond yields increasing as well as the market recalibrate what bond coupon payments will be in the future.
>> Nvidia versus the Fed. That's a movie I would like to see.
>> See who wins.
>> We will see who wins by the end of the day. Thanks, Anthony. At my pleasure.
>> Our thanks to MoneyTalk's Anthony Okolie.
In just a few minutes, we will be joined by Ryan Massad of TD Direct Investing.
Easier to answer questions about what broker and Advanced Dashboard. And here's how you get in touch with us.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Right now, let's get you updated on the top stories in the world of business and take a look at how the markets are trading.
Let's jump right into it. Nvidia's not the only chipmakers touting the potential of artificial intelligence today, Taiwan Semiconductor says the semiconductor industry has entered a new golden age of opportunity with AI. The company, a major supplier to Apple and Nvidia, says it excites annual sales growth of 10% for the sector.
Also on the artificial intelligence file, OpenAI has struck a deal with the owner of The Wall Street Journal and The New York Post. This agreement with News Corp., the owner of the publication, will give OpenAI access to new and archived material from those publications and some others that they own, and that will help train it's chatbots.
The terms of the deal were not disclosed.
Taking a look at shares of Live Nation Entertainment, they are under pressure today. The US Department of Justice is suing the parent company of Ticketmaster over alleged antitrust violations as it seeks to break up the company. The lawsuit against the concert promoter is being joined by 30 states.
In a statement, Live Nation called the allegations that it has a monopoly over the live events industry, "Absurd." Let's take a look at the markets. We'll start with the TSX Composite Index.
It is a bit under water. We are down about 1/10 of a percent. South of the border, Nvidia is keeping the S&P 500 and the NASDAQ in the rain.
We are joined now by Ryan Massad, senior client education sector TD Direct Investing. Welcome.
>> Glad to be here.
>> You have been a regular contribute her for a while but now you get the entire program in the spotlight. I hope you're excited about it. We are taking questions on how to get more out of what broker and Advanced Dashboard. I know you the man to answer them. Are you ready?
>> I am. I hope people don't get tired of me after only seeing me for five minutes at a time.
>> It only what their appetite. Here's the first question for you.
Someone says, I heard that settlement for stocks is changing to T+1. What does that mean for me?
>> That's a really, really good question because starting on Monday, 27 May, which is coming right up, the settlement will go from T +2 to T+1.
They'll be on Monday for the Canadian market and Tuesday for the American markets, probably due to the memorial holiday on Monday. What does settlement mean? Settlement means when we actually pay for our trades or when the money clears if we sold a particular security.
So the only difference now is that when you are purchasing a security or a stock, for example, instead of having two days to deposit the money or cash out a particular product, money market mutual fund, in order to pay for that, you will only have that one day.
So if you are selling, it's kind of an advantage because if you're selling, that money will be cleared after only one business day instead of the two. So just because markets are getting much faster, much more electronic, back in the day, it used to be T +3, I remember those days and I remember when I went to T +2, trade day +2, and is just a result of the market being more efficient, more electronic and faster. A big advantage for you as an investor, I think.
>> Interesting stuff and that's a great explanation of what was happening. People will notice come next week and beyond.
Let's get to another question. Someone wants to know, can I sell my investment savings account product on what broker?
>> That's a great question and it kind of goes with that first question. Yes, the answer is definitely yes, you can. Just remember now that you will have until 4 PM, this is something that changes recently as last week were a week and 1/2 ago, you will have up until 4 PM now for any money market order or any investment savings account order, any mutual fund order and an investment savings account is not a mutual fund but it falls under that same category of where you place the trade right up until about 4 o'clock. This is nice because it coincides with that T+1 thing I was talking about before what you are liquidating some of these near cash products in order to pay for security.
We show people where and what broker you can go in order to place that trade.
Upon the top right corner, under the buy/sell, you are going to click on that.
Sure you are in mutual funds or the investment savings account product and then you will click sell.
If you already own it in your account or if you have it on a watch list, for example, I believe we might have it on a watch list somewhere here, you're just going to go over to the sell right next to the security and it will automatically open up the order to get that we were in before, and then you can liquidate the investment savings account product.
This is a great thing because starting next week, we will have that one day less of settlement. You have to pay for those trades one day less, so you gotta get on that trade to sell that your cash product in order to do that.
>> Interesting stuff. Now that we have jumped into the platform and started showing people where things are, somebody wants to know where they can find a list of the top rated analysts.
They are doing their homework, try to figure out how the market is looking and what stocks they might be interested in, and analysts have opinions as well.
>> That's a great question.
We do have a section called the analyst centre within web broker where they can check out not only the top ranked analysts but also what they are saying about certain stocks and everything. So let's take a moment, let's jump into web broker.
We are already there.
In web broker, I went to click on research and go down to analyst centre just under the markets column and this is going to bring me to a list of analysts that we have.
Now, the site as you see here, this is from, we source from a company called to pranks. This does not come directly from TD. We do offer for you if you have a direct investing account, and you use web broker.
So when it comes to ranking, because another question was more about ranking, you can actually see the analysts here and you can see their star rating. This particular software uses a star rating for this.
And on the left, you can actually filter by star rating.
If I click on the star rating here, I will get the top ranked analysts.
These analysts come from outside of TD.
They are ones in which they are a publicly available and the software brings them together.
This ranking is really based on a win loss ratio. When they make these choices, how many times are they right or how close are they on their price targets?
So this is where you can see those rankings. Now if you are in the stock, if you are checking out a specific stock, if I go over to research, investments and then stocks, and I'm looking at a particular stock, let's look at Nvidia today just because that's a highly talked about one today, so we are looking at Nvidia. I will go under the tab analysis, and then I will get a list of the analysts and their ratings of Nvidia, where they see the price target in the next 12 months, whether they have a buy or a hold or sell rating.
And I can see the stars. If I click on their names, I can actually see more of a breakdown about them specifically. I can click on this view profile and see even more detail on this particular analyst. If I want to follow this analyst and what they've got to say about other things, I will do click on follow and now, under the followed analysts tab, I will have those analysts that I like to follow. This is a ranking based on this particular software but, nonetheless, it is a ranking so for the person who is asking, where can I find the top analysts and how they are ranked here? They are right here in web broker. A great feature just when you want a second ear or second eye on your stock and see how it's doing.
>> All right. Great breakdown on that part of web broker.
As always, make sure you do your own research before making any investment decisions.
we will get back to questions about web broker for Ryan Massad in just a moment's time.
And a reminder that you can get in touch with us any time.
Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
There are two ways you can get in touch with us.
You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
Okay we are back with Ryan Massad, taking your questions about web broker and Advanced Dashboard.
We are getting a little more complex here.
Where can I get the most current bid ask spread on equity options?
Maybe some people are not even sure what a bid ask spread is or what options are.
Maybe ease us into this one, Ryan.
>> Definitely.
We went right to some thing more complex.
That's okay. I'm ready for it. The bids and the asks, those are the same kind of bids and asks when you are looking at a stock quote.
For example, if I go into a stock quote within web broker and I see that there is a bid on Apple, for example, at 189.43 and and ask at 189.44, the bidding price, that is the highest price that those that are bidding are bidding and the ask is the lowest price that the asking, those who are trying to sell, are asking for their stock. This will exist as an option as well. Options are a derivative product, they derive from the stock.
I can get to those quotes over here on this tab for options. When I click there, I have the same type of thing here, bids and asks for those option contracts.
Now these options, if they are call options, their options to buy a stock at a particular price before a particular date and the put options, those contracts allow you to sell a stock at a particular price before a particular date. And in order to take on these contracts, we are going to either buy them or sell them.
We've got the bids and asks here on web broker that allow that.
Now, what broker has real-time quotes, so when the question went to the most up-to-date, I believe it meant the most real-time quotes.
When you get a quote from web broker, it is real-time.
It is a real-time snap at meeting it snaps a photo of the quote at that moment but it won't continually update like some of our other platforms such as Advanced Dashboard.
In order to update any page, you are going to click on this round circle in a row thing and it will give you the most up-to-date quote and you can see that quote right here.
If for whatever reason you don't think you have the right quote or the real-time quote, it might be because you haven't filled out those security exchange agreements and those are something that may be filled out way, way back in the day when you first open your account. If you are having issues with those, real-time quotes, if you think they are not real-time, go to the top right here to the left of where it says logout, under customize site, and under customize site, under the tab agreements, just make sure these checkmarks are there for the asker of this question, specifically asking about options. Just make sure you got the options price reporting authority check marked as well is the Montréal exchange, that's where you are going to find those option quotes.
So great question, glad it got a little complex. Don't worry so much if those are not products that you trade out there when it comes to options but this same idea works for options quotes as it does for stock quotes.
>> Great question and a great breakdown, Ryan. I learned a few things there myself and I've been on web broker for about two years. There's always tough to learn.
That's why we take the questions. Let's take another one.
Someone wants to know, can you purchase stocks on foreign exchanges such as the Frankfurt stock exchange when using web broker?
>> Really good question.
So with web broker, the answer is going to be a nice, clean no.
You won't be able to trade on something like the Frankfurt exchange on web broker.
Now, you can do it, you will just have to call an investment or preventative and let them know what you want to do. The only thing about this is you just gotta be aware that there are things that maybe you hadn't thought about.
I will just make you think about them as you are trying to do this.
There are some exchanges that you can do, some foreign stock exchanges. Frankfurt is one of them, London, the Hong Kong exchange. Call an investment or presented.
Remember just a couple of things. Just remember that those stock exchanges operate in a different time zone. That's something we kind of forget about but when it's morning here, it might be afternoon there.
So just want to make sure that those stock exchanges are open at the time so you can see those quotes moving and perhaps have an adequate amount of knowledge to make that bid or put that buy or sell order.
Also, some of the stock exchanges have different schedules altogether so here in Canada or the United States, regular market hours are going to be from 930 Eastern standard till 4 PM Eastern standard.
In other stock exchanges, it will be different, so does keep that in mind.
Also keep in mind that there is a different commission structure. So if you call in and you want to trade on one of these foreign stock exchanges, there are different commissions associated with these kinds of trades. You want to be aware of that. As well, right now, we are only running two types of currency accounts, Canadian dollars and US dollars.
So remember, when you trade on let's say the Frankfurt exchange and it will be in euro, they will be a foreign exchange that will happen and then if you sell, there will be a foreign exchange that will happen again to be able to hold this in your Canadian or US account.
He gets a little bit complicated but you can do it.
You just have to call and investment are presented. My advice is call them, let them know the stock or security it you are trying to do and they will walk you through the exact details for what you are after.
>> Very important considerations there.
Another intriguing question. Let's keep them rolling.
Someone wants to know, does TD Direct Investing have a tool that assesses a portfolio's diversity?
There's a bunch of stuff in there, what does it mean?
>> It does. Hopefully, I'm understanding this correctly.
It allows you to see the asset allocation and the different geographical breakdown of your security. The top into a broker right now and check that out.
In web broker, I go under the accounts tab and then lo and behold, we've got asset allocation. There's not much sitting in this demo account so it's not going to be to telling but under asset allocation, you can see a breakdown of Canadian equities, US equities, international equities as well as fixed income, such as bonds, for example, or any cash and cash equivalents.
So you will get a great breakdown of geographically where the diversity is in your portfolio for a particular account.
Right now, I'm choosing my Canadian margin account, and, of course, you can look at the different types of investments, whether they are equities or fixed income products like bonds, for example. If I scroll down a little bit, I can then also get a breakdown of each category or each group here, Canadian equities, US equities, so I can list the exact securities that are being associated with that particular asset class and geographical region.
The quick answer is yes. Maybe I should've just stuck with the quick answer which was just yes.
>> But then you took us on a little trip to you that will help people further trying to figure out with their asset allocation looks like. I think you nailed it right on the head there, Ryan.
>> Perfect, thank you.
>> We will give you a little break as a reward for doing such a great block there.
We'll get back to questions about web broker for Ryan Massad in just a moment's time.
As always, make sure you do your own research before making any investment decisions.
and a reminder that you get in touch with us in any time. Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
There are two ways you can get in touch with us.
You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
[music] Alright, let's jump into TD's Advanced Dashboard, a platform designed for active traders available through TD Direct Investing. Barely that the heat map function, give to view the market movers.
This is the TSX 60 today by price and volume. The TSX Composite Index slightly down the sour, about 1/10 of a percent.
It's a real mixed picture of their today.
What stands out in terms of being in the green, Alimentation Couche-Tard, ATD.
An energy bucket, it's up to 3%. Go across the rest of the space, you see weakness in the materials area, whether it's SM, First Quantum, down 2% or across some utilities or technology names. Not a big day to write home about. South of the border, I want to check in on the S&P 500. Anthony and I were talking about this off the top of the show. What a great use of the heat map today. What a story that it tells in terms of what is lifting this market right now. You look across the board, there's not much to talk about. There is some downside action, big names like Boeing or Pfizer or Intel.
There is Nvidia there, off on the side of the screen, up about 10.5% on the back of a pretty impressive quarter and a forecast perhaps even more importantly that is pleasing the street in terms of the demand for its chips so they I buzz, at least for Nvidia this quarter, is still living up to all that high. To get more information on TD Advanced Dashboard, visit TD.com/Advanced Dashboard.
We are back now with Ryan Massad from TD Direct Investing taking your questions on web broker and Advanced Dashboard. Let's get to the next one.
That's what we already answered. Let's look at a fresh one.
Where may I pick up the forms to designate my spouse as my successor on my TFSA and secondly, RRSP accounts held with TD direct?
>> Great question. One of the things I might advise right from the start is that you call in to an investment or preventative and the reason I do that, not at another phone call to your list of things to do, is just to find out if, when you open an account, you already assigned that successor for the TFSA or beneficiary for the RRSP. You could have very well done that. It's something that you might've done without even thinking and then you can actually check which one it is, if it's going to be the same thing, I know sometimes we do change spouses over the years, so just make sure that that's the exact person you want as a beneficiary for the RRSP or the TFSA, and as well, make sure about the specific rules which are different from province to province.
When you are ready for that and you want the form, and web broker, let's jump in there and I will show you where you can find that form.
Under accounts, over to the self-service column, you are going to go over to assign a beneficiary, trading authority or guarantor. That will open up a page that will bring you to the beneficiaries of an RRSP or a RIFF account that you click and download and fill out and as well, the TFSA successor holder or beneficiary.
You can download those, fill them out and submit them.
Calling direct investing representative can tell you the fastest way to do this.
That investment representative can take care of directing you to the replace to deposit that form.
>> Okay, great stuff there. Lots of questions coming in for you, Ryan. Another one. How do I attach my margin account and cash account together?
>> That's an interesting question.
The short answer is there's no real way to attach them together.
They do exist as a family of direct investing accounts within web broker. They sit side-by-side.
They eat supper together every night.
But they can't really come and merge together.
So if I understand the question correctly, I'm going to assume that you want to be able to use margin and use the cash account. Just as a quick review, the cash account is going to be that account where you purchase a security, you're going to have to pay for that security in the settlement time, which we know is moving to that one day. A margin account allows you to borrow off the equity of your stocks or other securities so that you pay a little bit of interest but you don't have to put down the entire value of certain stocks, so you're able to borrow off of that equity.
It's two separate types.
To merge them, what I might say, I might advise is instead of merging them, stick with one account and the one account being maybe the margin account. If you still want the capability to withdraw or borrow off the security, excuse me, then you'll want that margin account.
It's going to be the easiest way because you can then also run the margin account as if it was a cash account and pay for everything upon the settlement date. You don't have to use it, you don't have to borrow it, it's kind of like having a credit card and paying the balance off every single month so you never get charged interest.
So that's what I might recommend for you if you want to do something like that.
It will make it much easier for you to manage all those securities. If you've got two accounts to manage, it can get tough to kind of see where everything is and where you bought and sold one as opposed to where you bought and sold the other.
If you want to move securities, stocks, for example, from one account to another, you can do that and web broker. Let me show you where that's located in web broker.
Under the accounts tab, hundred transfers and withdrawals, you can actually go to a number of these here. Go to the first one here, transfer cash.
Within this transfer screen, I just click on securities transfers, I can choose the account from and it can be from a cash account to a margin account or from a merchant to a cash and then I choose the security, the number of shares that I want to move over and that I click continue and it will get sent over to the other account. Of course, I can move cash over from one of those accounts to the other as well in the same screen.
But I go back to the same thing. It's probably best to have just that one account, it's just easier to manage than to have two accounts with two sets of shares in each.
>> Alright, great stuff.
I have recently in kind transfer to mutual funds from other financial institutions to TD DI. I have been holding that mutual fund for many years with the other financial institution. If I sell it on TD DI within 30 days of holding it on the platform, will there be any fees associated with the selling? What does the clock say when you are doing that kind of thing?
>> That's a really good question. The good news is, but I won't stick to that one word answer like I should have before, I will say no and give an explanation.
So it's no because the time that you held that security, it will be registered at the fund company itself.
Now it wasn't mentioned what fund company it is, whether it's TD from TD Asset Management or from another fund, a mutual fund company, but that timer for several years or 30 days or whatever, that will happen at the original sale.
So when the transfer is over, although we hold it and let's say we've held it for only five days, if you were to go ahead and sell it, we would put in that request or we would put in those instructions to the fund company itself and the fund company, we would tell them, this person would like to sell this or liquidate this mutual fund.
The fund company would then check, what was the original purchase date and has the correct time elapsed?
So in this case, the answer would be no.
It would not be a fee coming from TD.
>> Fascinating stuff. Ryan, we are out of time for questions what it was a great debut show. I hope you had a great time. I think the audience enjoyed it as well and I hope you will do it again.
I know you will come back and do little segments with us throughout the shows, but we want you back, maybe even in the chair here live in studio one day.
>> In person! I wonder what that feels like.
>> Pretty fun. It's not too bad. Thanks a lot. Talk soon. That's my pleasure, take care.
>> Our thanks to Ryan Massad, a senior client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
stay tuned for tomorrow show. We will do a recap of some of the best interviews from the week. On Tuesday, Ben Gossack, portfolio manager at TD Asset Management will be our guest in your questions about markets and investing.
You can always get a head start with your questions for any guest, just email moneytalklive@td.com.
That's all the time we got to the show today. Thanks for watching. We will be back tomorrow.
[music]
Every day, I'll be joined by guests from across TD, many of whom you'll only see here.
We're going to take you through what's moving the markets and answer your questions about investing.
Coming up on today's show, Ryan Massad from TD Direct Investing is going to be our guest, he wants to answer your questions about the web broker platform and Advanced Dashboard.
Also today, it was a pretty big quarter for Nvidia, blowing past expectations.
That's not the only thing moving the markets today. MoneyTalk's Anthony Okolie is standing by with a breakdown.
So here's how you can get in touch with us.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Before we get to all that and our guest of the day, let's get you an update on the markets.
We will start here at home with the TSX Composite Index.
We are modestly in negative territory, down 27 points or 1/10 of a percent.
Some notable movers out there on volume include Suncor. I was watching the energy names because they were putting points on the table but they were sorta fading throughout the trade, Suncor among them.
I think the last time I checked it was down about half a percent. Right now you got the TSX Composite Index down 27 points or 1/10 of a percent. Let's see if I can't pull up a quote on Suncor myself. I will put this symbol into a broker, it pops right up on the screen for me.
It has given up its gains of the day, down about two cents at this time. Also want to check in on Kinross Gold, we are seeing a pullback in a lot of the mining names in recent sessions.
We saw a huge run up in Golden and copper.
It Kinross right now barely hanging in there at $10.90 per share. That's the way the market is playing out in Toronto right now. The rest of the border, we have green on the screen for the S&P 500 and the NASDAQ. The S&P 500 is up 17 points, about one third of a percent. The tech heavy NASDAQ getting a lift today, all building up to a certain name. 135 points in the green, of almost a full percent, and it is Nvidia lifting the broader markets today.
Let's check in on that name. Wow! 10.5% to the upside, well above $1000 per share, 1049. It was quite the quarter. We will get more into it in a moment. And that was a market update.
If there was any doubt about the impact and I was having on earnings, you can put that to rest, at least regarding Nvidia.
That of Nvidia says demand for his chips is so strong, the company can keep up.
Profits? Up a whopping 600%.
Let's start with Nvidia.
>> You look at the numbers, it shattered Wall Street estimates.
Let's dig into some of the numbers. As sales numbers up 262% to 26 billion, that topped expectations.
Nvidia's sales have topped more than 200% for the third straight quarter. You will get a earnings per share, it's well above the 560 excited by Wall Street. This is Nvidia's most profitable quarter ever.
I think what this signifies is that based on these earnings in the context of the AI boom, it looked strong.
>> Nvidia is one of those names that has to live up to the promise, it has lived up to the promise. Nvidia making that big game we just showed.
We can show you the S&P 100 and the heat map because it's a real story of almost Nvidia versus the rest of the markets today. You got Nvidia they are clearly taking up a lot of territory in the green.
As you go across the rest of the board, some of the other chipmakers, AMD and Intel, their underwater.
Boeing had some negative news.
It's a day that if you are looking at why the S&P 500 and the NASDAQ are in positive territory, it's pretty much an Nvidia story.
>> It shows you the importance of Nvidia to the markets. We have seen the NASDAQ in a fresh high. But there are some other stories right now that are going on.
What we are seeing is that markets are really talking about the Fed minutes I came out yesterday. We also got some economic data that came out as well so I think they're struggling to absorb this.
Let's start with the economic data.
We got many services in manufacturing data from the US which came in hotter than expected, showing expansion, managers surveys from the S&P global, we look at the service index, he came in at a 54.8 gain, showing expansion. Manufacturing index came in just about 50. And another thing here is that both input prices rose sharply. This supports the Fed's concern highlighted in the May minutes which was that there was a lack of progress on inflation. They raised concerns that interest-rate cuts may not be imminent because they still haven't seen that progress on inflation. I think right now the markets are grappling with that.
You are seeing bond yields increasing as well as the market recalibrate what bond coupon payments will be in the future.
>> Nvidia versus the Fed. That's a movie I would like to see.
>> See who wins.
>> We will see who wins by the end of the day. Thanks, Anthony. At my pleasure.
>> Our thanks to MoneyTalk's Anthony Okolie.
In just a few minutes, we will be joined by Ryan Massad of TD Direct Investing.
Easier to answer questions about what broker and Advanced Dashboard. And here's how you get in touch with us.
Just email moneytalklive@td.com or fill out the viewer response box under the video player on WebBroker.
Right now, let's get you updated on the top stories in the world of business and take a look at how the markets are trading.
Let's jump right into it. Nvidia's not the only chipmakers touting the potential of artificial intelligence today, Taiwan Semiconductor says the semiconductor industry has entered a new golden age of opportunity with AI. The company, a major supplier to Apple and Nvidia, says it excites annual sales growth of 10% for the sector.
Also on the artificial intelligence file, OpenAI has struck a deal with the owner of The Wall Street Journal and The New York Post. This agreement with News Corp., the owner of the publication, will give OpenAI access to new and archived material from those publications and some others that they own, and that will help train it's chatbots.
The terms of the deal were not disclosed.
Taking a look at shares of Live Nation Entertainment, they are under pressure today. The US Department of Justice is suing the parent company of Ticketmaster over alleged antitrust violations as it seeks to break up the company. The lawsuit against the concert promoter is being joined by 30 states.
In a statement, Live Nation called the allegations that it has a monopoly over the live events industry, "Absurd." Let's take a look at the markets. We'll start with the TSX Composite Index.
It is a bit under water. We are down about 1/10 of a percent. South of the border, Nvidia is keeping the S&P 500 and the NASDAQ in the rain.
We are joined now by Ryan Massad, senior client education sector TD Direct Investing. Welcome.
>> Glad to be here.
>> You have been a regular contribute her for a while but now you get the entire program in the spotlight. I hope you're excited about it. We are taking questions on how to get more out of what broker and Advanced Dashboard. I know you the man to answer them. Are you ready?
>> I am. I hope people don't get tired of me after only seeing me for five minutes at a time.
>> It only what their appetite. Here's the first question for you.
Someone says, I heard that settlement for stocks is changing to T+1. What does that mean for me?
>> That's a really, really good question because starting on Monday, 27 May, which is coming right up, the settlement will go from T +2 to T+1.
They'll be on Monday for the Canadian market and Tuesday for the American markets, probably due to the memorial holiday on Monday. What does settlement mean? Settlement means when we actually pay for our trades or when the money clears if we sold a particular security.
So the only difference now is that when you are purchasing a security or a stock, for example, instead of having two days to deposit the money or cash out a particular product, money market mutual fund, in order to pay for that, you will only have that one day.
So if you are selling, it's kind of an advantage because if you're selling, that money will be cleared after only one business day instead of the two. So just because markets are getting much faster, much more electronic, back in the day, it used to be T +3, I remember those days and I remember when I went to T +2, trade day +2, and is just a result of the market being more efficient, more electronic and faster. A big advantage for you as an investor, I think.
>> Interesting stuff and that's a great explanation of what was happening. People will notice come next week and beyond.
Let's get to another question. Someone wants to know, can I sell my investment savings account product on what broker?
>> That's a great question and it kind of goes with that first question. Yes, the answer is definitely yes, you can. Just remember now that you will have until 4 PM, this is something that changes recently as last week were a week and 1/2 ago, you will have up until 4 PM now for any money market order or any investment savings account order, any mutual fund order and an investment savings account is not a mutual fund but it falls under that same category of where you place the trade right up until about 4 o'clock. This is nice because it coincides with that T+1 thing I was talking about before what you are liquidating some of these near cash products in order to pay for security.
We show people where and what broker you can go in order to place that trade.
Upon the top right corner, under the buy/sell, you are going to click on that.
Sure you are in mutual funds or the investment savings account product and then you will click sell.
If you already own it in your account or if you have it on a watch list, for example, I believe we might have it on a watch list somewhere here, you're just going to go over to the sell right next to the security and it will automatically open up the order to get that we were in before, and then you can liquidate the investment savings account product.
This is a great thing because starting next week, we will have that one day less of settlement. You have to pay for those trades one day less, so you gotta get on that trade to sell that your cash product in order to do that.
>> Interesting stuff. Now that we have jumped into the platform and started showing people where things are, somebody wants to know where they can find a list of the top rated analysts.
They are doing their homework, try to figure out how the market is looking and what stocks they might be interested in, and analysts have opinions as well.
>> That's a great question.
We do have a section called the analyst centre within web broker where they can check out not only the top ranked analysts but also what they are saying about certain stocks and everything. So let's take a moment, let's jump into web broker.
We are already there.
In web broker, I went to click on research and go down to analyst centre just under the markets column and this is going to bring me to a list of analysts that we have.
Now, the site as you see here, this is from, we source from a company called to pranks. This does not come directly from TD. We do offer for you if you have a direct investing account, and you use web broker.
So when it comes to ranking, because another question was more about ranking, you can actually see the analysts here and you can see their star rating. This particular software uses a star rating for this.
And on the left, you can actually filter by star rating.
If I click on the star rating here, I will get the top ranked analysts.
These analysts come from outside of TD.
They are ones in which they are a publicly available and the software brings them together.
This ranking is really based on a win loss ratio. When they make these choices, how many times are they right or how close are they on their price targets?
So this is where you can see those rankings. Now if you are in the stock, if you are checking out a specific stock, if I go over to research, investments and then stocks, and I'm looking at a particular stock, let's look at Nvidia today just because that's a highly talked about one today, so we are looking at Nvidia. I will go under the tab analysis, and then I will get a list of the analysts and their ratings of Nvidia, where they see the price target in the next 12 months, whether they have a buy or a hold or sell rating.
And I can see the stars. If I click on their names, I can actually see more of a breakdown about them specifically. I can click on this view profile and see even more detail on this particular analyst. If I want to follow this analyst and what they've got to say about other things, I will do click on follow and now, under the followed analysts tab, I will have those analysts that I like to follow. This is a ranking based on this particular software but, nonetheless, it is a ranking so for the person who is asking, where can I find the top analysts and how they are ranked here? They are right here in web broker. A great feature just when you want a second ear or second eye on your stock and see how it's doing.
>> All right. Great breakdown on that part of web broker.
As always, make sure you do your own research before making any investment decisions.
we will get back to questions about web broker for Ryan Massad in just a moment's time.
And a reminder that you can get in touch with us any time.
Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
There are two ways you can get in touch with us.
You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
Okay we are back with Ryan Massad, taking your questions about web broker and Advanced Dashboard.
We are getting a little more complex here.
Where can I get the most current bid ask spread on equity options?
Maybe some people are not even sure what a bid ask spread is or what options are.
Maybe ease us into this one, Ryan.
>> Definitely.
We went right to some thing more complex.
That's okay. I'm ready for it. The bids and the asks, those are the same kind of bids and asks when you are looking at a stock quote.
For example, if I go into a stock quote within web broker and I see that there is a bid on Apple, for example, at 189.43 and and ask at 189.44, the bidding price, that is the highest price that those that are bidding are bidding and the ask is the lowest price that the asking, those who are trying to sell, are asking for their stock. This will exist as an option as well. Options are a derivative product, they derive from the stock.
I can get to those quotes over here on this tab for options. When I click there, I have the same type of thing here, bids and asks for those option contracts.
Now these options, if they are call options, their options to buy a stock at a particular price before a particular date and the put options, those contracts allow you to sell a stock at a particular price before a particular date. And in order to take on these contracts, we are going to either buy them or sell them.
We've got the bids and asks here on web broker that allow that.
Now, what broker has real-time quotes, so when the question went to the most up-to-date, I believe it meant the most real-time quotes.
When you get a quote from web broker, it is real-time.
It is a real-time snap at meeting it snaps a photo of the quote at that moment but it won't continually update like some of our other platforms such as Advanced Dashboard.
In order to update any page, you are going to click on this round circle in a row thing and it will give you the most up-to-date quote and you can see that quote right here.
If for whatever reason you don't think you have the right quote or the real-time quote, it might be because you haven't filled out those security exchange agreements and those are something that may be filled out way, way back in the day when you first open your account. If you are having issues with those, real-time quotes, if you think they are not real-time, go to the top right here to the left of where it says logout, under customize site, and under customize site, under the tab agreements, just make sure these checkmarks are there for the asker of this question, specifically asking about options. Just make sure you got the options price reporting authority check marked as well is the Montréal exchange, that's where you are going to find those option quotes.
So great question, glad it got a little complex. Don't worry so much if those are not products that you trade out there when it comes to options but this same idea works for options quotes as it does for stock quotes.
>> Great question and a great breakdown, Ryan. I learned a few things there myself and I've been on web broker for about two years. There's always tough to learn.
That's why we take the questions. Let's take another one.
Someone wants to know, can you purchase stocks on foreign exchanges such as the Frankfurt stock exchange when using web broker?
>> Really good question.
So with web broker, the answer is going to be a nice, clean no.
You won't be able to trade on something like the Frankfurt exchange on web broker.
Now, you can do it, you will just have to call an investment or preventative and let them know what you want to do. The only thing about this is you just gotta be aware that there are things that maybe you hadn't thought about.
I will just make you think about them as you are trying to do this.
There are some exchanges that you can do, some foreign stock exchanges. Frankfurt is one of them, London, the Hong Kong exchange. Call an investment or presented.
Remember just a couple of things. Just remember that those stock exchanges operate in a different time zone. That's something we kind of forget about but when it's morning here, it might be afternoon there.
So just want to make sure that those stock exchanges are open at the time so you can see those quotes moving and perhaps have an adequate amount of knowledge to make that bid or put that buy or sell order.
Also, some of the stock exchanges have different schedules altogether so here in Canada or the United States, regular market hours are going to be from 930 Eastern standard till 4 PM Eastern standard.
In other stock exchanges, it will be different, so does keep that in mind.
Also keep in mind that there is a different commission structure. So if you call in and you want to trade on one of these foreign stock exchanges, there are different commissions associated with these kinds of trades. You want to be aware of that. As well, right now, we are only running two types of currency accounts, Canadian dollars and US dollars.
So remember, when you trade on let's say the Frankfurt exchange and it will be in euro, they will be a foreign exchange that will happen and then if you sell, there will be a foreign exchange that will happen again to be able to hold this in your Canadian or US account.
He gets a little bit complicated but you can do it.
You just have to call and investment are presented. My advice is call them, let them know the stock or security it you are trying to do and they will walk you through the exact details for what you are after.
>> Very important considerations there.
Another intriguing question. Let's keep them rolling.
Someone wants to know, does TD Direct Investing have a tool that assesses a portfolio's diversity?
There's a bunch of stuff in there, what does it mean?
>> It does. Hopefully, I'm understanding this correctly.
It allows you to see the asset allocation and the different geographical breakdown of your security. The top into a broker right now and check that out.
In web broker, I go under the accounts tab and then lo and behold, we've got asset allocation. There's not much sitting in this demo account so it's not going to be to telling but under asset allocation, you can see a breakdown of Canadian equities, US equities, international equities as well as fixed income, such as bonds, for example, or any cash and cash equivalents.
So you will get a great breakdown of geographically where the diversity is in your portfolio for a particular account.
Right now, I'm choosing my Canadian margin account, and, of course, you can look at the different types of investments, whether they are equities or fixed income products like bonds, for example. If I scroll down a little bit, I can then also get a breakdown of each category or each group here, Canadian equities, US equities, so I can list the exact securities that are being associated with that particular asset class and geographical region.
The quick answer is yes. Maybe I should've just stuck with the quick answer which was just yes.
>> But then you took us on a little trip to you that will help people further trying to figure out with their asset allocation looks like. I think you nailed it right on the head there, Ryan.
>> Perfect, thank you.
>> We will give you a little break as a reward for doing such a great block there.
We'll get back to questions about web broker for Ryan Massad in just a moment's time.
As always, make sure you do your own research before making any investment decisions.
and a reminder that you get in touch with us in any time. Do you have a question about investing or what's driving the markets?
Our guests are eager to hear what's on your mind, so send us your questions.
There are two ways you can get in touch with us.
You can send us an email anytime at moneytalklive@td.com or you can use the question box right below the screen here on WebBroker. Just write in your question and hit send.
We'll see if one of our guests can get you the answer right here at MoneyTalk Live.
[music] Alright, let's jump into TD's Advanced Dashboard, a platform designed for active traders available through TD Direct Investing. Barely that the heat map function, give to view the market movers.
This is the TSX 60 today by price and volume. The TSX Composite Index slightly down the sour, about 1/10 of a percent.
It's a real mixed picture of their today.
What stands out in terms of being in the green, Alimentation Couche-Tard, ATD.
An energy bucket, it's up to 3%. Go across the rest of the space, you see weakness in the materials area, whether it's SM, First Quantum, down 2% or across some utilities or technology names. Not a big day to write home about. South of the border, I want to check in on the S&P 500. Anthony and I were talking about this off the top of the show. What a great use of the heat map today. What a story that it tells in terms of what is lifting this market right now. You look across the board, there's not much to talk about. There is some downside action, big names like Boeing or Pfizer or Intel.
There is Nvidia there, off on the side of the screen, up about 10.5% on the back of a pretty impressive quarter and a forecast perhaps even more importantly that is pleasing the street in terms of the demand for its chips so they I buzz, at least for Nvidia this quarter, is still living up to all that high. To get more information on TD Advanced Dashboard, visit TD.com/Advanced Dashboard.
We are back now with Ryan Massad from TD Direct Investing taking your questions on web broker and Advanced Dashboard. Let's get to the next one.
That's what we already answered. Let's look at a fresh one.
Where may I pick up the forms to designate my spouse as my successor on my TFSA and secondly, RRSP accounts held with TD direct?
>> Great question. One of the things I might advise right from the start is that you call in to an investment or preventative and the reason I do that, not at another phone call to your list of things to do, is just to find out if, when you open an account, you already assigned that successor for the TFSA or beneficiary for the RRSP. You could have very well done that. It's something that you might've done without even thinking and then you can actually check which one it is, if it's going to be the same thing, I know sometimes we do change spouses over the years, so just make sure that that's the exact person you want as a beneficiary for the RRSP or the TFSA, and as well, make sure about the specific rules which are different from province to province.
When you are ready for that and you want the form, and web broker, let's jump in there and I will show you where you can find that form.
Under accounts, over to the self-service column, you are going to go over to assign a beneficiary, trading authority or guarantor. That will open up a page that will bring you to the beneficiaries of an RRSP or a RIFF account that you click and download and fill out and as well, the TFSA successor holder or beneficiary.
You can download those, fill them out and submit them.
Calling direct investing representative can tell you the fastest way to do this.
That investment representative can take care of directing you to the replace to deposit that form.
>> Okay, great stuff there. Lots of questions coming in for you, Ryan. Another one. How do I attach my margin account and cash account together?
>> That's an interesting question.
The short answer is there's no real way to attach them together.
They do exist as a family of direct investing accounts within web broker. They sit side-by-side.
They eat supper together every night.
But they can't really come and merge together.
So if I understand the question correctly, I'm going to assume that you want to be able to use margin and use the cash account. Just as a quick review, the cash account is going to be that account where you purchase a security, you're going to have to pay for that security in the settlement time, which we know is moving to that one day. A margin account allows you to borrow off the equity of your stocks or other securities so that you pay a little bit of interest but you don't have to put down the entire value of certain stocks, so you're able to borrow off of that equity.
It's two separate types.
To merge them, what I might say, I might advise is instead of merging them, stick with one account and the one account being maybe the margin account. If you still want the capability to withdraw or borrow off the security, excuse me, then you'll want that margin account.
It's going to be the easiest way because you can then also run the margin account as if it was a cash account and pay for everything upon the settlement date. You don't have to use it, you don't have to borrow it, it's kind of like having a credit card and paying the balance off every single month so you never get charged interest.
So that's what I might recommend for you if you want to do something like that.
It will make it much easier for you to manage all those securities. If you've got two accounts to manage, it can get tough to kind of see where everything is and where you bought and sold one as opposed to where you bought and sold the other.
If you want to move securities, stocks, for example, from one account to another, you can do that and web broker. Let me show you where that's located in web broker.
Under the accounts tab, hundred transfers and withdrawals, you can actually go to a number of these here. Go to the first one here, transfer cash.
Within this transfer screen, I just click on securities transfers, I can choose the account from and it can be from a cash account to a margin account or from a merchant to a cash and then I choose the security, the number of shares that I want to move over and that I click continue and it will get sent over to the other account. Of course, I can move cash over from one of those accounts to the other as well in the same screen.
But I go back to the same thing. It's probably best to have just that one account, it's just easier to manage than to have two accounts with two sets of shares in each.
>> Alright, great stuff.
I have recently in kind transfer to mutual funds from other financial institutions to TD DI. I have been holding that mutual fund for many years with the other financial institution. If I sell it on TD DI within 30 days of holding it on the platform, will there be any fees associated with the selling? What does the clock say when you are doing that kind of thing?
>> That's a really good question. The good news is, but I won't stick to that one word answer like I should have before, I will say no and give an explanation.
So it's no because the time that you held that security, it will be registered at the fund company itself.
Now it wasn't mentioned what fund company it is, whether it's TD from TD Asset Management or from another fund, a mutual fund company, but that timer for several years or 30 days or whatever, that will happen at the original sale.
So when the transfer is over, although we hold it and let's say we've held it for only five days, if you were to go ahead and sell it, we would put in that request or we would put in those instructions to the fund company itself and the fund company, we would tell them, this person would like to sell this or liquidate this mutual fund.
The fund company would then check, what was the original purchase date and has the correct time elapsed?
So in this case, the answer would be no.
It would not be a fee coming from TD.
>> Fascinating stuff. Ryan, we are out of time for questions what it was a great debut show. I hope you had a great time. I think the audience enjoyed it as well and I hope you will do it again.
I know you will come back and do little segments with us throughout the shows, but we want you back, maybe even in the chair here live in studio one day.
>> In person! I wonder what that feels like.
>> Pretty fun. It's not too bad. Thanks a lot. Talk soon. That's my pleasure, take care.
>> Our thanks to Ryan Massad, a senior client education instructor with TD Direct Investing.
As always, make sure you do your own research before making any investment decisions.
stay tuned for tomorrow show. We will do a recap of some of the best interviews from the week. On Tuesday, Ben Gossack, portfolio manager at TD Asset Management will be our guest in your questions about markets and investing.
You can always get a head start with your questions for any guest, just email moneytalklive@td.com.
That's all the time we got to the show today. Thanks for watching. We will be back tomorrow.
[music]