Lumber Prices Soar 250% as Pandemic Pushes Home-Building Higher
Lumber prices have surged by almost 250% since April 2020, significantly threatening housing affordability across the US. According to the National Association of Home Builders, the latest skyrocketing increase in lumber prices threatens to raise the cost of a single-family home by nearly $36,000. The price of a thousand-foot board has surged by more than […]
Facebook Blows Analyst Expectations Away With Strong Results
Facebook Inc (NASDAQ: FB) opened 8% higher Thursday morning, reaching record highs and closing in on that $1 trillion market capitalization after its first quarter results blew away analysts’ expectations. The company announced first-quarter revenue of $26.17 billion, a 48% year-over-year growth, along with a gross margin of 80.4%. Net income came in at a […]
Palladium Prices Soar to Record-High Amid Supply Shortage
The price of palladium has been sent soaring to historic highs, amid renewed optimism that the global economic rebound will fuel further demand among automakers. Palladium, a vital metal used in catalytic converts to reduce CO2 emissions in gasoline-powered vehicles, surged to a new record-high to above $2,890 per ounce last week. The renewed rally […]
Microsoft: Mixed Feelings Following Third Quarter Earnings
Microsoft (NASDAQ: MSFT) opened lower following the release of its financial results earlier this week, after its third quarter results had some investors worried about future growth and Microsofts almost $2 trillion valuations. The company announced third-quarter revenue of $41.7 billion, and a gross margin of 68.7%. Net Income for the third quarter was $15.45 […]
Ford Unveils $185 Million Investment Towards A New Battery Lab in Detroit
Ford has revealed it will be investing $185 million towards a new battery lab, in a further step to producing its own battery cells for its lineup of electric vehicles. In an announcement on Tuesday, Ford said it plans to construct a “pilot facility” outside of Detroit, called Ford Ion Park. The 200,000 square-foot lab […]
Pi Financial: First Quarter Of 2021 To Be Strong For Cannabis Sector
Earlier this week, PI Financial sent a note to investors giving their thoughts and estimates on the MSO’s first-quarter performance and what to expect in their earnings. Jason Zandberg, PI Financial’s analyst writes, “We think Q1/21 is going to be a strong quarter for all the US cannabis companies in our coverage list,” while stating […]
Lion Electric May Be More Attractively Valued Than Other SPAC Electric Vehicle Companies
On April 23, shareholders of Northern Genesis Acquisition Corp. (NYSE: NGA), a special purpose acquisition company or SPAC, approved its merger with The Lion Electric Company, an innovative Quebec-based electric vehicle (EV) medium- and heavy-duty truck and bus manufacturer. After NGA files an amended Form 10-K annual report with the United States SEC, which reclassifies […]