Simply Obscene: Excessive Stock Based Compensation Largely Ignored By Investors
As investors have decided to place an enormous premium on growth stocks over the last few years, a condition exacerbated by a seemingly desperate search for such names during the COVID-19 growth stock stay-at-home heyday of the summer of 2020 through the fall of 2021, investor concerns about valuations for “sexy” stocks have generally been […]
Peloton: BMO Says Q4 Leaves More Questions Than Answers
Peloton Interactive (Nasdaq: PTON) on Thursday announced its fiscal fourth-quarter financial results. The company announced that total revenue came in at $678.7 million, down 30% sequentially, while total gross profits were ($29.8) million, down 116% sequentially. Notably the company’s gross margin for connected fitness was -98.2%, or gross profits of ($290.1) million. This brought the […]
Dollarama: BMO Labels Firm As Best Inflation Stock Pick, Lifts Target To $95
On August 24, BMO Capital Markets raised their 12-month price target on Dollarama (TSX: DOL) to $95 from $80 while reiterating their outperform rating, saying that the stock is an “inflation stock pick” and notes that in prior times of high inflation, Dollarama remained resilient. Dollarama currently has 14 analysts covering the stock with an […]
European Corn Crops Expected to Fall Sharply Amid Summer Heatwave, Drought
Europeans’ wallets are slated for a tough year ahead. Not only is inflation soaring due to reckless monetary policies and geopolitical conflict, the heatwave that enveloped much of the region throughout the summer season is expected to reduce corn crops by almost double than previously expected. According to a report published by the EU’s Monitoring […]
US Jobless Claims Down For Second Week Amid Labour Market Strength
It appears that America’s labour market is still strong despite rising economic uncertainty and threats of a recession. Latest data from the Labour Department shows that applications for unemployment benefits were down for the second straight week, suggesting that businesses continue to retain employees even though the economy is on the brink of what could […]
Rumors Of Amazon Buyout That Have Since Been Disputed Still Sent Electronic Arts Soaring
In a case of much ado about nothing, Amazon.com, Inc. (Nasdaq: AMZN) was rumored to announce soon its official bid to acquire Electronic Arts (Nasdaq: EA), first reported by Swedish e-sports outlet Good Luck Have Fun (GLHF). But apparently, the rumor was just that–a rumor. “I have talked to some people who would actually know […]
Natural Gas: Soaring European Prices Have Created An Eye-Popping Commodity Arbitrage
The quadrupling in European natural gas prices over the last 2 ½ months, coupled with a much smaller increase in U.S. gas prices over that period, has created one of the most compelling commodity arbitrage plays in some time. Seemingly daily news of further Russian supply curtailments has prompted European natural gas prices to reach the […]
Stifel-GMP: SNDL Acquiring Valens “Does Not Come As A Surprise”
On August 22, SNDL Inc (NASDAQ: SNDL) announced that it would be acquiring Valens Company (TSX: VLNS) for total consideration of $138 million in stock, or the equivalent of $1.26 per share. The figure represents roughly a 10% premium to the 30-day volume-weighted average price at the time of announcement, and they expect the deal […]
Dodge Unveils Concept For First-Ever EV And It’s A Loud One
Is it even a muscle car if the engine doesn’t roar? Last Wednesday, the 108-year-old American carmaker unveiled a new concept car, the Dodge Charger Daytona SRT. It’s a preview of what their beloved muscle car enthusiasts can expect as an all-electric performance model replacing the Challenger and Charger, which will both be discontinued after […]
Market Movers: Trillion Energy Continues To Climb As Drill Program Nears
Trillion Energy International (CSE: TCF) has been an outlier over the course of the last month when it comes to capital markets. While markets in general have floundered, the up and coming oil and gas play has been a significant market mover, climbing off lows of $0.18 hit on July 18 to that of highs […]