BMO Raises Microsoft Price Target To $371
Microsoft (NASDAQ: MSFT) was the first big tech company to buck the current trend with their earnings on April 26. Microsoft saw it’s total revenues grow 18% year over year to $49.36 billion. Operating income grew at the same pace, hitting $20.36 billion. While net income was $16.73 billion, up 8% and earnings per share […]
Unilever Hikes Prices Again, Forecasts Even Higher Inflation
Household product maker Unilever raised prices once again, warning that inflation is about to get a whole lot higher later this year. The maker of Hellman’s mayonnaise and Dove soap warned of further price hikes for its products, as it looks to pass higher input costs onto consumers despite already raising product prices 8% year-over-year […]
International Battery Metals Sees Major Shareholder Unload $23.3 Million In Shares
International Battery Metals (CSE: IBAT) has seen a major shareholder unload roughly a third of their stake in the company over the last two months. The transactions, however, were filed just last night despite the significant changes in ownership. EVL Holdings, whom prior to the transactions owned a 15.64% stake in the company, has evidently […]
Alamos Gold Sees Canaccord Lift Rating To Buy After Q1 Results
This past week Alamos Gold Inc. (TSX: AGI) reported its first quarter financial results. The company announced revenues of $184.5 million, which is down almost 19% year over year, while gross profits dropped by 44% to $49 million. Alternatively, the company couldn’t outrun inflation, in which it saw its total expenses grow 40% year over […]
Deutsche Bank Investigated Over Money Laundering, Raided by German Authorities
Deutsche Bank’s headquarters were raided by German authorities on Friday, as part of a criminal investigation looking into potential money laundering activities. Law enforcement officials from the prosecutor’s office, along with Germany’s BKA federal police and regulators from BaFin, descended onto Deutsche Bank’s headquarters in Frankfurt, armed with a search warrant based on suspicions that […]
Robinhood Stock is Down 90% in Eight Months But Still May Be Expensive
On April 28, 2022 after the regular market close, Robinhood Markets, Inc. (NASDAQ: HOOD) reported disappointing earnings results for 1Q 2022. These results represented its third successive disastrous quarter in almost every respect. In addition, the company provided no forward revenue or EBITDA guidance. Presumably, if the company detected constructive trend changes, it would have discussed that; so, the […]
Canada’s Economy Expanded More Than Expected in February
Canada’s economy surprisingly expanded by more than forecast in February, with advanced estimates suggesting the trend continued in March. Latest Statistics Canada data shows that GDP grew 1.1% between January and February, marking the ninth straight month of gains as 16 out of Canada’s 20 industrial sectors reported gains. The growth coincided with the broad […]
Lundin Mining: Canaccord Lifts Target To $15 After Earnings
On April 27, Lundin Mining Corporation (TSX: LUN) reported its first quarter financial results. The company announced revenues of $991.1 million, up 45% year over year, while the company saw its gross profit rise almost 90% to $478.8 million. Expenses for the first quarter came in roughly 17% higher at $532.1 million, and operating profit […]
Vladimir Putin in Discussions to Reinstate Gold Standard
It appears the unimaginable is happening: Russia’s President Vladimir Putin is in the midst of discussing linking the ruble to gold and other commodities, outsmarting the west once again and sending the Fed’s green-coloured toilet paper one step closer to the dust bin. Time to wake up, Sleepy Joe, the sanction sandwich is failing! While […]
Green Energy SPAC ClimateRock Prices US$75 Million IPO
Special purpose acquisition company ClimateRock (Nasdaq: CLRCU) started trading publicly on the Nasdaq Global Market on Thursday. The company is seeking to raise US$75 million in its initial public offering. The offering consists of 7.5 million company units priced at US$10.00 per unit. Each unit is composed of one Class A share, one-half of a […]