Shorts Against Cathie Wood’s ARKK Surge to Record-High
Following what has been a strong performance for Cathie Wood’s Ark Innovation (NYSE: ARKK) fund all throughout 2021, an increased number of short-sellers are beginning to cast doubts on the future of the tech-based fund’s strategy. According to the Financial Times, which cited data from S3 Partners, a record total of 12% of ARKK ETF […]
Is Robinhood’s Stock a Buy?
Today I want to chat about Robinhood Markets (NASDAQ: HOOD). I’m going to tell you a story about my buddy Kyle. The first time he went to setup a trading account, he went to his bank and asked about setting up a self directed discount brokerage. They laughed at him. And said, “You think you […]
Village Farms: Analyst Consensus Points To Positive Q2 EBITDA Of $1.31 Million
Village Farms International, Inc. (TSX: VFF) announced that they will be reporting their second quarter financials before market open on August 9. Analysts have a consensus C$23.39 12-month price target on the company, via a total of 6 analysts, with one analyst having a strong buy rating, and the other five have buy ratings. The […]
Retail Traders Dive Into Chinese ETFs Even as Institutional Investors Flee
Retail investors have been flocking to ETFs that track Chinese companies, after a stringent regulatory crackdown by Beijing has forced some stocks to retreat to sharp lows. According to the Financial Times, which cited data from investment research firm CFRA, the KraneShares CSI China Internet ETF (NYSE: KWEB), which tracks major Chinese companies such as […]
Lithium Americas: Earnings Improve Odds That Production Will Commence Within Twelve Months
On August 5, Lithium Americas Corp. (TSX: LAC) reported generally constructive operating results for 2Q 2021. Lithium Americas is a pre-revenue company, so it reported a loss and negative cash flow, but the company’s capital expenditure guidance and financial disclosures should be well received by investors. First and most importantly, Lithium Americas announced that its Cauchari-Olaroz […]
Canada Posts $3.2 Billion Trade Surplus Amid Rebound in Exports
Canada’s merchandise rebounded sharply in June, as a surge in exports brought trade to a surplus position. According to Statistics Canada, the trade balance reversed from a deficit of $1.4 billion in May to a surplus of $3.2 billion in June, as exports soared by 8.7% to a new record of $53.8 billion. Nine of […]
Endeavour Mining: Analysts Maintain Price Targets Following Q2 Results
On August 4, Endeavour Mining (TSX: EDV) reported its second quarter financial and production results. The company announced that they produced 409,000 ounces of gold at an all-in sustaining cost of $853 per ounce. The company reported revenue of $753 million, EBITDA of $363 million, and operating cash flow of $286 million. Only one analyst […]
AMC Shares Sent Soaring After UK-Based Hedge Fund Reveals Short Position
Shares of AMC Entertainment were sent surging above $30 on Thursday, after it was revealed that a major UK-based hedge fund has made a bet against the pandemic-stricken cinema company. According to the Financial Times, which cited investor letters, Odey Asset Management, a hedge fund that manages about $4.1 billion and was founded by Crispin […]
DraftKings Reports Q2 2021 Results: US$297.6 Million In Revenue, US$305.5 Million Net Loss
DraftKings Inc. (Nasdaq: DKNG) released this morning its financial results for Q2 2021, highlighting a quarterly revenue of US$297.6 million. This is a notable increase from Q2 2020’s revenue of US$70.9 million. However, the company incurred total operating expenses of US$619.2 million leading to an operating loss of US$321.6 million for the quarter, a decline […]
Irene Tunkel: When The Rates Are Rising, Small Caps Have Great Potential
Joining us for our final episode this week of The Daily Dive is Irene Tunkel, of BCA Research. Irene talks with Cassandra about the macro-environment surrounding small caps, capital flows for IPOs and SPACs, inflation and more. We also discuss how apps like Robinhood and WeBull drive investors towards stocks like AMC and GameStop. Irene […]