Aurora Cannabis: Consensus Price Target Tumbles Following Q3 Results
Aurora Cannabis (TSX: ACB) (NYSE: ACB) reported earnings for their fiscal third-quarter earnings on May 13th. The company reported revenues of $55.2 million, a 16.5% decrease sequentially and a 25% decrease year over year. Below the top line, the company reported a negative $72.4 million in gross profits, with earnings per share coming in at […]
Uranium Energy Corp: Biden’s Support For Nuclear Plant Subsidies Constructive For Miners
In her May 6 testimony before the Appropriations subcommittee of the U.S. House of Representatives, U.S. Energy Secretary Jennifer Granholm voiced support for subsidizing U.S. nuclear power plants to ensure existing facilities do not close. This is consistent with reports that the White House has privately told lawmakers that it backs taxpayer subsidies for the plants, […]
JPMorgan, Others Join Pilot Program That Will Issue Credit Cards To Customers With No Credit Scores
Several major US banks have decided to begin sharing customer’s deposit account data in an effort to extend credit to individuals that have previously struggled getting them. According to the Wall Street Journal which cited people familiar with the matter, JPMorgan, Wells Fargo, and US Bancorp, among others, have teamed up to increase chances of […]
Curaleaf Sees Consensus Estimates Stay Flat After Q1 Results
Curaleaf Holdings (CSE: CURA) reported its first-quarter results on May 10th, beating the consensus estimates for their top line. The stock is up 3.5% since reporting its earnings. The company reported $260 million in revenue, up 13.1% quarter over quarter. The company additionally reported an outstandingly high 227.5% tax rate. Analysts seem to still be […]
Tesla’s China Sales Fall 27% in April, Worrying Investors
It appears that Tesla’s recent string of bad publicity has hurt its sales figures in China, causing some concern among investors. According to figures published by the China Passenger Car Association, Tesla sold less than 26,000 vehicles in China in April, marking a decrease of 27% from the previous month. The latest decline comes amid […]
Westhaven Gold Reports Promising Drilling Results At Shovelnose Gold Property
On May 12, Westhaven Gold Corp. (TSXV: WHN) announced constructive assay results from its ongoing drilling program at the FMN Zone of its Shovelnose gold property in southern British Columbia. Drills intersected 9.15 grams of gold and 27.43 grams of silver per tonne (g/t of Au and Ag) over a 15.97-meter span, and 2.73 g/t of […]
Green Thumb: Analysts Raise Targets Following Strong Q1 Results
Green Thumb Industries Inc. (CSE: GTII) reported their first quarter financials after market close on May 12th, reporting revenue of $194.4 million, up 89.5% year over year. Gross margins came in at 57%, while operating margins came in at 26.5%. The company had an insane 72.9% tax rate and reported a net margin of 5.2%, […]
5-Year Inflation Outlook Jumps to Highest Since 2006
The bond market is beginning to take into account the seriousness of impending consumer price inflation, as expectations soar to the highest in more than 15 years. The five-year breakeven rate, which measures the gap in yields between inflation-related debt and non-inflation securities, soared by 3.4 basis points to above 2.7%, the highest since 2006. […]
Canadian Building Construction Investment Jumps 5.9% in March
Investment in building construction jumped again in March, largely led by the residential sector. According to Statistics Canada, total investment in building construction rose 5.9% in March, to $18.6 billion. Residential construction led much of the increase, rising 7.6% to $14 billion— the eleventh straight month of gains. Investment in single-family homes was up 10.7% […]
Hive Blockchain: Investors Have Ignored Ethereum’s Recent Explosive Move Higher
Ethereum, the second largest cryptocurrency, has dramatically outperformed Bitcoin thus far in 2021, particularly since the end of the first quarter. More specifically, Ethereum has rocketed 433% since its 2020 close and 105% since March 31, 2021. By comparison, Bitcoin has increased 74% and decreased 14% over same respective periods. HIVE Blockchain Technologies Ltd. (TSXV: HIVE) has […]