In his final public appearance as Russia’s defence minister on Thursday, Sergei Shoigu saluted Vladimir Putin atop Lenin’s mausoleum on Red Square, clad in a major-general’s uniform bedecked with medals. Andrei Belousov, appointed as his successor on Sunday, is cut from a different cloth. A Soviet-trained economist, Belousov has never served a day in the…
Galeanu Mihai Meta Platforms (NASDAQ:META) slumped following a Q1’24 earnings report where the company projected a new round of spending on AI. The stock rebounded off the 2022 lows below $100 due in part to controlling spending and ushering in a year of efficiency. My investment thesis is Bullish on the stock following this dip,…
Rick_Jo/iStock via Getty Images Planet Labs (NYSE:PL) is a company that primarily offers high frequency geospatial data from their own constellations of satellites, available to customers through their online platform. One of many 2021 SPACs that since fell to earth, the stock has plummeted from an IPO price of $10. While too much hype dominated…
J Studios/DigitalVision via Getty Images Overview The healthcare sector (XLV) has lagged behind the S&P500 (SPY) for the past year and I believe this opens the door to an opportunity to capitalize on this difference. The factors contributing to the sector’s underperformance can be a wide range of things including the end of Covid, patent…
Marc Dufresne The recently released Federal Budget is looking to boost revenue through new taxes. But it also includes more than $50B in new spending over the next five years. Hafiz Noordin, VP & Director, Active Fixed Income Portfolio Management at TD Asset Management, looks at the implications for the Bank of Canada’s efforts to…
MoMo Productions By James Knightley Retail sales beat all expectations US retail sales rose a very robust 0.7% month-on-month in March versus 0.4% expected, with only one forecaster predicting this outcome out of 64 analysts. February’s growth rate was revised up to +0.9% from +0.6% MoM with March strength led by non-store retailers (+2.7% MoM),…
pcess609/iStock via Getty Images The Bureau of Economic Analysis (BEA), has just released its estimate for February 2024 US Personal Consumption Expenditures (PCE). Also known as “Personal Spending,” PCE directly accounts for over 60% of total US Gross Domestic Product (GDP), marking it a crucial indicator for assessing changing rates of expansion, contraction, and momentum…
n.bataev Introduction and investment thesis CrowdStrike (NASDAQ:CRWD) has been enjoying a dominant position in the IT security space for many years and seems to cement this position recently. The company’s one-stop-shop Falcon platform resonates well with customers, which combined with its emerging product line forms a unique sales proposition. Last time I’ve covered the company…
Douglas Rissing The Senate on Friday passed a $460 billion spending bill to keep the U.S. government operating, taking a potential shutdown for several agencies off the table for the rest of the fiscal year.” Kathy Stech Ferek, Wall Street Journal. “Friday’s measure authorizes the funding of federal agencies through the end of the current…
mbbirdy Monarch Casino & Resort Incorporated (NASDAQ:MCRI) is a Reno, Nevada-based casino owner and operator with two principal properties: the Reno-based Atlantis Casino Resort Spa, and the Monarch Casino Resort Spa in Black Hawk, Colorado. TradingView Through these activities, Monarch has recorded Q3’23 revenues of $132.97mn- a 0.57% YoY decline- alongside a net income of…
FG Trade Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your beliefs to…
shulz Introduction Tetra Tech (NASDAQ:TTEK) is an international consultancy company founded in 1966 and listed in 1990. The company provides solutions to complex sustainability, environmental, and infrastructure challenges, and it works with clients across industries including government, industrial, mining, energy, and more. I believe Tetra Tech is a great company to own for the longer…
Vitalii Petrushenko/iStock via Getty Images Investment Thesis: American Express (NYSE:AXP) is one of my favorite long-term companies within financial services and recently made a tremendous run up from the 145/share region to just over 170, a return of nearly 20% in the span of under 45 days. The company represents small business spending in the…
miniseries With the holiday shopping season underway, the Canadian consumer is still showing a willingness to spend. However, Maria Solovieva, an Economist at TD, says high inflation is weighing on sentiment. She discusses the economic implications with MoneyTalk’s Greg Bonnell. Transcript Greg Bonnell: The latest Canadian retail sales report suggested the consumer is still spending…
fcafotodigital/E+ via Getty Images By Bob Iaccino At a glance Holiday season sales can account for 20% to 40% of total annual sales for some retailers. When reporting Q3 2023 earnings, retail giants Target and Walmart warned about the health of the U.S. consumer moving into the holiday season. When considering the broad picture of…
Greg Meland Investment Thesis Huntington Ingalls Industries (NYSE:HII) is the largest military shipbuilding company in the United States. Starting as a spin-off of Northrop-Grumman, HII has built more Navy ships than any other shipbuilder and is now branching into services through its mission technology segment. The proposed 2024 Navy budget, encompassing a strategy to reach…
zhengzaishuru SandRidge Energy (NYSE:SD) generated $24.2 million in free cash flow in Q3 2023 as it spent a minimal ($0.5 million) amount on capital expenditures in the quarter. Due to the lack of development spending, SandRidge’s daily oil production declined by approximately 8% from Q2 2023 to Q3 2023 despite its minor July acquisition. SandRidge’s…
chameleonseye PayPal Holdings, Inc. (NASDAQ:PYPL) is set to report Q3 earnings on Wednesday, November 1st, after the market close. Consensus quarterly earnings according to Seeking Alpha are expected to be around $1.23/share with revenues growing 8% YoY to $7.4 billion. On an annualized basis, PayPal trades at a forward price-to-earnings ratio of 10x, which is…
Lightning payments app Strike has introduced a new feature that enables its users to utilize their bitcoin for everyday necessities. This comes after the platform partnered with Bitrefill to bring more practical functions to its service offerings. The notable advancement through this integration is the ability for users to purchase gift cards using their bitcoin…
fatido By Min Joo Kang Nominal labour cash earnings grew slower than expected in August We had expected to see some acceleration in earnings given the reasonably strong wage negotiation results from the last quarter, but disappointingly, headline growth rose 1.1% year-on-year in August (versus the revised 1.1% in July and the 1.5% market consensus)….
William_Potter/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your…
ArLawKa AungTun/iStock via Getty Images Driven by manufacturing plants for technologically advanced, high-value products. Automation is the great equalizer. Spending on construction projects for manufacturing plants in the US started breaking out of its long doldrums in January 2021. That month, about $6 billion was invested in building factories, same as in January 2015. But…
The Hopecard will allow users to seamlessly spend their digital assets for everyday transactions, just like they would with traditional fiat currency. Hope.money has stepped into the spotlight by introducing its newest innovation, the ‘HopeCard’, a holistic crypto solution designed to cater to individuals’ daily spending needs. A recent press release shared with Coinspeaker noted…
ewg3D Introduction My bullish investment thesis for Mitsubishi Heavy Industries, Ltd. (OTCPK:MHVYF) predominantly revolves around its expanding defense division in light of escalating geopolitical tensions and nations allocating larger budgets toward military expenditure. MHI’s unique position becomes particularly intriguing due to the Japanese government’s notable commitment to increasing defense budgets in the near future. With…
ferrantraite Investment Thesis TopBuild Corp. (NYSE:BLD) has 2 business segments – Installation and Distribution. Both serve the construction sector. BLD was listed in 2015 and over the past 8 years, its revenue growth rate is about 3 times the growth rate of the US total construction spending. Part of the high growth was due to…