General Mills: Inflation Forecasted To Hit Mid-Single Digits
Cinnamon Toast Crunch debacle aside, it appears General Mills may have a lot more to worry about besides shrimp tails in its cereal, as its gross margins are showing signs of erosion in what appears to be an impending wave of cost inflation. The maker of Nature Valley granola bars, Pillsbury dough, Cinnamon Toast Crunch […]
Key Greenland Election Could Affect Investor Perceptions of Mine Operators
On April 6, Greenland will hold a national election which will have significant consequences for two mining stocks, Greenland Minerals (OTC: US$0.144) and Hudson Resources (TSXV: HUD). On February 8, the right-wing Demokraatit Party withdrew from its governing coalition with the main governing Siumut Party because of environmental and social concerns (a potentially unwanted influx of […]
Schlumberger’s Expansion Into Lithium Suggests Junior Miners Are Attractive Acquisition Candidates
In a sign of the strong fundamentals of lithium, a key electric vehicle (EV) battery metal, oil service giant Schlumberger Limited (NYSE: SLB) announced on March 18 that it plans to build a lithium extraction plant in Nevada. More specifically, the company plans to extract lithium from brine at its proposed Clayton Valley project site. […]
Bank of Canada Warns Some Canadians Are Taking On Too Much Debt Chasing Housing Prices
The Bank of Canada is sounding the alarm over the country’s housing market, which continues to heat up amid constrained supply and surging prices. In an interview with the Financial Post, BoC governor Tiff Macklem said that there are worrying signs that some homebuyers are taking on too much debt relative to home values. “Canadians […]
Commodity SuperCycle: It’s Not Just About Demand – The Daily Dive feat Will Rhind
Returning to The Daily Dive today is that of Will Rhind, the founder and CEO of GraniteShares, an ETF provider. Will joins us this afternoon to discuss the impact of the expiration of the SLR exemption on capital flows, the Feds comments on transitory inflation, and his latest thesis related to the commodity supercycle. GraniteShares […]
US Jobless Claims Unexpectedly Rise Despite Improving Labour Market
New claims for unemployment benefits unexpectedly increased last week, despite ongoing vaccine rollouts and business reopenings across the country. According to the US Department of Labour, first time claims for unemployment benefits rose to 719,000 for the week ending on March 27, exceeding the Dow Jones estimate of 675,000, and the previous week’s revised total […]
GSX Techedu And The Wizard Of Archegos
In May of 2020, short seller Muddy Waters had done the dilligence to show that GSX Techedu Inc. (NYSE:GSX), a Chinese online learning platform, was a literal fraud. In one of the more complete, high-detail dissertations we’ve ever seen from an equities researcher, the firm laid out a case that GSX Techedu students were mostly […]
Plasma: The Fourth State Of Matter – The Daily Dive feat Peter Pascali
On our latest episode of The Daily Dive, our host Cassandra Leah sits down with that of Peter Pascali, CEO of PyroGenesis (TSX: PYR). Peters joins us this evening to discuss what plasma is as well as the significance of it, the revenue model of PyroGenesis, as well as what investors have to look forward […]
S&P 500 Soars To 4,000 Following Biden’s Infrastructure Spending Plan Unveiling
Technology shares were sent soaring to new highs as investors’ optimism lifted amid increasing confidence in the country’s economic recovery amid Biden’s ambitious $2.25 trillion infrastructure spending plan. The S&P 500, which tracks the performance of 500 companies listed on major US stock exchanges, rose by 0.8% to above the 4,000 mark for the first […]
Canaccord Initiates Coverage On PLBY Group With $28 Price Target
Yesterday, Canaccord initiated coverage on PLBY Group (NASDAQ: PLBY) with a U$28 12-month price target and a buy rating. Austin Moldow, Canaccord’s analyst, believes this is the perfect time to “hope on an undervalued global brand,” and that Playboy is, “one of the most recognized yet undervalued brands in the world.” He adds that the […]