Lundin Mining: BMO Sees Estimates Missed In Q3 Results
On October 27, Lundin Gold Inc. (TSX: LUG) reported their third quarter 2021 results, the company reported revenues of US$756.4 million, an increase from the US$6000.7 million last year. Gross profits also grew to US$303.9 million from US$199.3 million. Additionally, the company had a positive free cash flow of US$407 million and earnings per share […]
The Fed Needs to Raise Rates ‘as Soon as Possible’ Says Bill Ackman, While Janet Yellen Assures Inflation is Just Temporary
America’s inflation problem has gotten so out of control, even billionaire hedge fund manager Bill Ackman is sounding the alarm. In a series of tweets published Friday, the founder of Pershing Square Capital Management called on the Federal Reserve to urgently begin tapering its quantitative easing programs that were unleashed in an effort to aid […]
Amazon Sent Tumbling After Dramatic Earnings and Revenue Miss, Disappointing Q4 Guidance
It was around this time last year that we were all gawking at Amazon’s (NASDAQ: AMZN) impressive growth trends during the pandemic, as Covid-19-related lockdowns forced an unprecedented amount of consumers and businesses to make the shift to e-commerce. With Covid-19 infections rampant throughout 2020, consumers reverted to online shopping in an effort to avoid […]
Colonial Coal: With Steelmaking Coal Prices Rising, Company Could Be An Interesting Speculation
Metallurgical, or steelmaking, coal prices continue to soar, topping all expectations and potentially creating an opportunity in a speculative Canadian company, Colonial Coal International Corp. (TSXV: CAD). The firm owns and is reportedly trying to sell substantial metallurgical coal resources in northeast British Columbia. Colonial owns 695 million tonnes of high-quality met coal resources in […]
Netflix: BMO Reiterates $700 Price Target After Q3 Results
Last week, Netflix (NASDAQ: NFLX) reported their fiscal third quarter financial results. The company reported revenues of $7.48 billion, a 22.7% increase year over year. The company reported an operating margin of 23.5%, or a $1.755 billion operating income. They added 4.4 million paid subscribers this quarter, bringing the total to 214 million paid users. […]
BMO Sees Positivity In Latest Rogers Communications Financial Results
On October 21st at 11:28 PM, Rogers Communications (TSX: RCI) announced a change of directors with the Control Trust Chair leading the change, saying “The Control Trust Chair is disappointed with recent events and commentary regarding the governance of RCI and has lost confidence in the Board of RCI as currently constituted.” The Control Trust […]
Canada’s Economy Stalls as Supply Constraints Weigh on Growth
Canada’s economy fared worse than expected in August and remained little changed in September, as ongoing supply chain disruptions continue to impede a strengthening in economic growth. According to data published by Statistics Canada on Friday, GDP expanded by only 0.4% in August, largely as a result of increases across services-producing industries which grew 0.6%, […]
Russian Envoy to EU: Blowing Millions on Renewable Energy Won’t Create Stronger Wind or Brighter Sun
The out-of-control energy crisis across the EU has brought attention to the serious implications of impulsive green energy policies and the importance of investing in commodity inventories. Although energy prices have modestly subsided after Russian President Vladimir Putin instructed state-run Gazprom to boost natural gas supplies to Europe’s storage facilities come November, the crisis is […]
Employment Screening Platform HireRight Prices US$422 Million IPO
Pre-employment background screening firm HireRight (NYSE: HRT) started publicly trading on the New York Stock Exchange today. The firm’s initial public offering is looking to raise US$422.22 million. The offering will be conducted through the issuance of 22.22 million common shares selling at US$19.00 per share. The company granted the underwriters a 30-day over-allotment option […]
Deflation – Hyperinflation & The Macro Regime – The Daily Dive
On today’s Daily Dive, we welcome back Tavi Costa, Partner & Portfolio Manager for Crescat Capital. He joins us today to discuss a host of topics, including hyperinflation, macro regime, government issuance, equity markets, junior miners, and performing commodities. Crescat Capital focuses on global macro asset management. The firm defines its focus as growing and […]