Nasdaq Composite Index (DOG)
“Tariffs are about making America rich again and making America great again,” U.S. President Donald Trump told a joint session of Congress this week . “And it will happen rather quickly. There’ll be a little disturbance, but we’re okay with that. It won’t be much.” Well, at least he was right about the “disturbance” part. With U.S. markets tumbling and the technology-heavy Nasdaq Composite Index on Thursday closing down more than 10 per cent from its December record high – meeting the definition of a correction – Mr. Trump is “rather quickly” making a lot of Americans poorer, not richer.
Tesla Inc. (DOG)
TSLA - Nasdaq
Another week, another face-plant for Tesla. In the latest troubling news for the EV maker, Tesla’s wholesale deliveries from China cratered 49 per cent year-over-year in February, and sales plummeted 72 per cent in Australia. In North America, meanwhile, potential tariffs on Mexico and Canada “pose significant risk to our … production estimates,” Bank of America said in slashing its price target on the shares. Analysts at Baird also piled on, warning that CEO Elon Musk’s controversial U.S. government cost-cutting activities and production disruptions tied to the upgraded Model Y could cause first-quarter deliveries to miss Wall Street’s expectations. With Tesla’s share price falling by nearly half from its December high, the chainsaw-wielding Mr. Musk has given Tesla a massive self-inflicted wound.
Aecon Group Inc. (DOG)
ARE - TSX
Aecon takes on all sorts of complex projects, from building highways and hydro plants to airports and nuclear facilities. But this week, its stock looked more like a demolition site. Shares of the construction and infrastructure company posted a double-digit drop after fourth-quarter profit rose 44 per cent to $14-million, or 25 cents a share on an adjusted basis, but fell short of analysts’ estimates as profit margins slipped from a year earlier. With the shares down about 40 per cent from their record high in November and potential tariffs and a federal election complicating the outlook, National Bank analyst Maxim Sytchev said 2025 will be a “show-me” year. The only thing investors are asking is to “show me” the door.
Nvidia Corp. (DOG)
NVDA - Nasdaq
“What goes up must come down. Spinning wheel got to go ‘round.” Nvidia investors can’t get that song out of their heads now that the AI chip maker’s massive rally has fizzled. Whatever the cause – DeepSeek’s low-cost AI model, Nvidia’s less-than-spectacular fourth-quarter results, fears that AI hype was overblown, tariff worries, or a combination of all of the above – sentiment has turned against Nvidia and the broader AI sector. Sing it with me, momentum investors: “You got no money, you got no home. Spinning wheel all alone. Talkin’ ‘bout your troubles and you, you never learn.”
MDA Space Ltd. (STAR)
MDA - TSX
There once was a business named MDA Space
With satellites flying all over the place
As its earnings climbed higher
The stock’s rockets did fire
And investors were wearing a smile on their face