Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Millions of Americans are out of work. All things considered, it's a quiet day. I understand I can unsubscribe from these updates at any time. By Rich Barbieri and David Goldman, CNN Business, Updated 1506 GMT (2306 HKT) December 29, 2018. Market Crash! President Trump is in Iraq to visit service members. The year 2018 has been difficult for Dollarama (TSX:DOL) so far. The S&P 500 was down 6.2% and the Nasdaq fell 4%. Key points: December 2018 was a crash test. A monitor displays the day’s numbers after the closing bell at the New York Stock Exchange on December 17, 2018. It is also launching an e-commerce site to sell items in bulk in Quebec, which could generate further revenue if the initiative is successful. This performance was well below the expectations of most analysts, who were expecting a 5% increase in sales. The past two weeks on Wall Street have been epic. All times are ET. Drew Angerer/Getty Images The stock market isn’t looking so hot these days. Dollarama managed to increase its adjusted profit by 13%, which is still good considering competitors’ pressure and the impact of the minimum wage rise. The S&P 500 is barely lower, the Nasdaq barely higher. Analysts expected sales of $887.6 million. Yet Wall Street is unfazed. Dollarama was also able to improve its gross margin from 39.6% to 39.7% of sales. The Dow closes 414 points, or 1.8%, lower — ending its. The market is in an historic period of volatility. Management has plans to open more stores, targeting as many as 70 new openings this fiscal year. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. The Dow fell 5.6%. 5 Stocks Under $49 (FREE REPORT). Dollarama executives told analysts in a conference call that they had decided to delay increasing prices for now because the cost of its imported goods has been more stable than expected and cost reductions introduced last year have offset the impact of higher minimum wages. There are no major economic data points for investors to chew on. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. There was also one day when the Dow. The company followed its competitors who haven’t passed on the increase in minimum wage in Ontario to consumers. Sales were weaker than expected, but a rise of 7% is still high. The S&P 500 was up or down more than 1% nine times in December. The year 2018 has been difficult for Dollarama so far. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Just Released! When U.S. stocks posted their worst December since the Great Depression, traders put plenty of the blame on actions by the Federal Reserve and … This is a major setback for Dollarama, whose stock has provided a significant and consistent performance in recent years. Most stock quote data provided by BATS. Nevertheless, net income increased by 7.6% from the same quarter last year to $141.8 million. The Montreal company has been one of the best-performing stocks on the TSX for nine years. Has the pandemic ruined Halloween? Since Dec. 1, 2018, the S&P 500 fell 11 percent, as of Dec. 31, 2018. President Donald Trump hints at a breakthrough in trade negotiations. © 2020 The Motley Fool Canada, ULC. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Here's the play by play of the last 10 days. After reporting a weak first quarter, the discount retailer reported an even weaker second quarter.The market was used to … On the day after Christmas, there's not a lot of news to drive markets. The TSX Composite Index Fell Almost 5%: Is the Stock Market Crash 2.0 Here. Factset: FactSet Research Systems Inc.2018. This is the worst collapse of the stock since its entry on the TSX nine years ago. Returns since inception, October 2013. The, The Dow closes 82 points higher, but stocks trade in a, It's a lousy end to a lousy five days. Nifty made a lifetime high of 11738 and that for the Sensex was 38896. All rights reserved. The sell-off continued on Friday; the stock dropped almost 4% during that day. Due to the stock price dropping sharply, Dollarama’s P/E ratio is becoming more reasonable at 26.8, while still high. Same-store sales growth was especially strong last year because of souvenir sales geared to Canada’s 150th anniversary. The last Friday of the year is a lot like many trading days in 2018: Stocks move higher and lower throughout the day. But Dollarama may have to increase prices to remain competitive, and if consumers aren’t willing to accept paying more, it could weigh down on the retailer’s shares. Diluted net earnings per share amounted to $0.43, up 13.2% from $0.38 last year, missing analysts’ estimates by only $0.01.