Canadian Wholesale Trade Fell 1.3% in December as Auto Sales Declined
After seven consecutive months of gains, wholesale sales in Canada fell by 1.3% to a total of $66.5 billion in December. The decline was largely the result of significantly lower sales of motor vehicles and motor vehicle parts, and machinery, equipment and supplies. However, despite the decline, December’s sales were the third highest on record, […]
Enthusiast Gaming: Canaccord Raises Price Target To $8.75
Last week, Enthusiast Gaming (TSX: EGLX) announced that they closed a $58.7 million bought deal. After the bought deal closed, Canaccord raised Enthusiast Gaming’s 12-month price target to C$8.75 from C$7.50 and reiterated their buy rating on the company. Enthusiast Gaming currently has six analysts covering the company with a weighted 12-month price target of C$6.83. […]
DigiMax – The Crypto App Is Ready to Launch
Today we have a special episode of The Daily Dive, as we sit down with Chris Carl of DigiMax Global (CSE: DIGI). Chris joins us to discuss the company’s new trading application, potential partners, and some of the other proprietary technology the company is focused on. DigiMax is based out of Toronto, Ontario, and is […]
South Korea to Build World’s Largest Offshore Wind Farm by 2030
Last week, the South Korean government revealed that it had signed a $43 billion deal to construct what will become the largest offshore wind farm in the world. To date, South Korea has limited energy sources of its own, and largely relies on imported coal for approximately 40% of its electricity. In May 2020 however, […]
Willow Biosciences: Jazz Pharma – GW Pharma Merger Has Positive Read-Through For Company
Last week’s announcement that Jazz Pharmaceuticals plc (NASDAQ: JAZZ) has agreed to buy GW Pharmaceuticals (NASDAQ: GWPH) for US$7.2 billion in cash and stock, representing an approximate 50% premium from GWPH’s day-before share price, has far-reaching implications for cannabinoid drug development, as well as likely accelerating the biosynthesis of those drugs. It could also have a […]
Edmunds: “The Fact is Every Single Tesla We’ve Tested Has Failed to Hit Its EPA Range Estimate”
Tesla has dominated headlines over the past week, largely with its $1.5 billion Bitcoin purchase and Elon Musk’s Dogecoin tweets— both of which were likely intended to serve as a distraction from the company’s quality control troubles in China. However, it appears that there may be more bad press on the way for Tesla, and […]
Nuvei: BMO Raises Price Target To $59 Following Preliminary Results
On February 5th, Nuvei Corp (TSX: NVEI) announced preliminary fourth-quarter numbers. They announced total revenue to be between $114 – $118 million, EBITDA between $50 – $52 million, and an operating profit between $16.5 – $19.5 million. Nuvei currently has 13 analysts covering the company with a weighted 12-month price target of $65. This is up […]
CBO Forecasts Lower Budget Deficit in 2021 – But Calculations Exclude Biden’s Proposed $1.9 Trillion Stimulus
The latest economic outlook published by the Congressional Budget Office calculates that the US federal budget deficit is projected to reach $2.3 trillion, forcing debt levels to exceed 102% of GDP by the end of 2021. However, by 2031, the outlook projects that debt levels would equal 107% of the country’s GDP— the highest on […]
Clover Health Versus Hindenburg Research
SPAC product Clover Health (NASDAQ: CLOV) has found itself in a long winded back-and-forth with a renegade short seller on a mission, and the market doesn’t know quite what to do about it. Where do short sellers go to get their reputation back? Any bull market makes tough sledding for sharps looking to bet the […]
Aurora: Canaccord Raises Price Target To $14.00 On Back Of Earnings
Last night, Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported its second quarter 2020 earnings. They announced that revenue came in at $67.6 million, which is flat year over year. They also reported adjusted EBITDA, excluding provisions and termination costs, of $12.1 million, which is $53.1 million better than last year. Here are the most recent […]