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Baystreet.ca - BlackBerry Reports First Profit In Three Years
The stock of BlackBerry (BB) is up nearly 10% after the technology company reported its first profit in three years. The Waterloo, Ontario-based Canadian firm’s latest financial results exceeded Wall Street’s expectations. BlackBerry reported ...
Baystreet.ca - U.S. Banks Likely To Boost Dividends After Annual Stress Test
Leading U.S. banks are expected to boost their dividend payments once they pass the U.S. Federal Reserve’s annual stress test. The stress test, conducted each summer, determines the health of major U.S. lenders such as JPMorgan Chase (JPM), Bank ...
Baystreet.ca - Investors Return To Long-Dated U.S. Bonds
Investors returned to long-term U.S. bond funds during May, according to data from Morningstar (MORN). U.S. long-dated bond funds attracted $7.4 billion U.S. of fresh investors capital in May, their largest monthly inflow in more than two years. The ...
Baystreet.ca - USD / CAD - Canadian dollar drifting aimlessly
- Market focus shifts to tariffs, interest rates and Fed Powell’s testimony. - Middle East tensions ease-oil prices steady - US dollar opens little changed from yesterday’s close. USDCAD: open 1.3730, overnight range 1.3708-1.3738, close ...
Baystreet.ca - Why Investors Should Avoid Energy Stocks
The sudden jump in WTI crude prices after Israel attacked Iran’s nuclear facilities faded quickly. In the last week, prices gave up recent gains. Investors should consider avoiding the sector. Long term energy investors may continue to hold Exxon ...
Baystreet.ca - Tesla’s Electric Vehicle Sales In Europe Fell 28% In May
Tesla’s (TSLA) electric vehicle sales in Europe continue to decline as consumers on the continent shun the brand and Chief Executive Officer (CEO) Elon Musk. New electric vehicle sales from Tesla in Europe fell for a fifth consecutive month in ...
Baystreet.ca - S&P Approaches Near Record High, But Little Changed Wednesday.
Equities in Canada’s main marketplace moved lower Wednesday, dragged by losses in consumer stocks and utilities, while investors assessed the developments around a ceasefire between Iran and Israel. The TSX Composite Index tumbled 152.3 points to ...
Baystreet.ca - Oil Trades in Red, but Stocks Climb
Equities in Canada’s main marketplace edged lower midday Wednesday, dragged by losses in energy shares and utilities, while investors assessed the developments around a ceasefire between Iran and Israel. The TSX Composite Index tumbled 142.53 points ...
Baystreet.ca - A Massive Copper Supply-Demand Imbalance is Creating Substantial Investment Opportunity
A massive supply-demand imbalance in copper is creating substantial opportunity for companies such as Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF), Freeport-McMoRan (NYSE: FCX), Southern Copper Corp. (NYSE: SCCO), Taseko Mines (NYSE: TGB) (TSX: TKO) ...
Baystreet.ca - TSX Falls Hard Over Middle East Situation
Equities in Canada’s main marketplace moved lower Wednesday, dragged by losses in consumer stocks and utilities, while investors assessed the developments around a ceasefire between Iran and Israel. The TSX Composite Index tumbled 152.3 points to ...
Baystreet.ca - Volatus, Tantalus, Kenorland at 52-Week Highs on News
Volatus Aerospace Inc. (V.FLT) hit a new 52-week high of 29 cents Wednesday. Volatus announced a new national agriculture contract supporting data-driven crop intelligence, awarded by a leading provider of crop intelligence technologies in North America. ...
Baystreet.ca - New Wave of Cancer Treatments Could Change the Game for Patients - and Investors
Issued on behalf of Oncolytics Biotech Inc. VANCOUVER – Baystreet.ca News Commentary – The rising burden of cancer is poised to strain both healthcare systems and patient finances, especially as cases continue to climb. At the same ...
Baystreet.ca - From Retinal Scans to Cancer Genomics: Public AI Healthcare Plays You Shouldn’t Ignore
Issued on behalf of Avant Technologies Inc. VANCOUVER – Baystreet.ca News Commentary – As populations age and chronic illnesses become more widespread, healthcare systems around the world are being pushed to their limits. But a ...
Baystreet.ca - Amazon To Invest $54 Billion In The United Kingdom
E-commerce giant Amazon (AMZN) has announced plans to invest £40 billion ($54 billion U.S.) in the United Kingdom over the next three years. Seattle-based Amazon said it plans to spend the money on building four new fulfillment centres, which are ...
Baystreet.ca - KB Home’s Stock Sinks On Weak Outlook
The stock of KB Home (KBH) is sliding lower after the U.S. homebuilder cut its full-year guidance, saying it expects further weakness in the real estate market. The disappointing outlook overshadowed what was otherwise a strong print from KB Home. ...
Baystreet.ca - Five Ways to Capitalize on a Potential $180 Billion Drone as a Service Market
With new executive orders from the Trump Administration, drone stocks inlcuding ZenaTech (NASDAQ: ZENA), AeroVironment (NASDAQ: AVAV), Kratos Defense & Security Solutions (NASDAQ: KTOS), Red Cat Holdings (NASDAQ: RCAT) and Leonardo DRS Inc. (NASDAQ: ...
Baystreet.ca - Canada’s Inflation Rate Unchanged In May At 1.7%
Canada’s inflation rate was unchanged in May at an annualized rate of 1.7%. Statistics Canada said that the Consumer Price Index (CPI) was at the same level year-over-year in May as in April. The May reading was due largely to a smaller price ...
Baystreet.ca - Meta’s WhatsApp Is Banned On U.S. Government Devices
Meta Platforms’ (META) popular WhatsApp has been banned from U.S. federal government devices. The Chief Administrative Officer (CAO) of the U.S. House of Representatives told staffers on June 23 that they are not allowed to use Meta’s popular messaging ...
Baystreet.ca - Be Bullish On These Health Insurers
After investors fearfully sold off health insurer stocks, it might be time to be bullish on them. These firms will unveil significant changes to their prior authorization requests. That would simplify the process and increase customer satisfaction. The ...
Baystreet.ca - Why Inflation Is Absent After U.S. Tariffs
When the U.S. introduced punitively high tariffs against its trade partners, experts thought that prices would rise quickly. Instead, since their introduction on April 2, the CPI rate has been muted. Why is inflation absent? In May, CPI rose ...
Baystreet.ca - What's Next After The Fed Kept Rates at 4.25%-4.50%
Last week, the Federal Reserve reiterated no change to its interest rate policy. It kept rates a 4.25% to 4.50%, a move that stock markets widely anticipated. What will happen next for U.S. inflation, jobs, the tariff trade war, and stock markets? Fed ...
Baystreet.ca - Asia Mostly Down After Bombing of Iran
Asia-Pacific markets mostly declined Monday, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an escalation in the Middle East conflict. Oil prices fell in late Asian hours, reversing course ...
Baystreet.ca - Aurora Cannabis Stock Falls on Fake Acquisition News
It was a rough week for Aurora Cannabis (TSX:ACB)(NASDAQ:ACB) whose shares fell last week through no fault of its own. The stock has lost 30% of its value in just the past five trading days. A selloff ensued after the company posted its latest earnings ...
Baystreet.ca - U.S. Semiconductor Firm Wolfspeed Files For Bankruptcy
U.S. semiconductor manufacturer Wolfspeed (WOLF) has announced that it is filing for bankruptcy in the U.S. News of the bankruptcy filing has Wolfspeed’s stock down 11% in premarket trading on June 23. In a news release, Wolfspeed said that ...
Baystreet.ca - AGF, Volatus, IMO at 52-Week Highs on News
AGF Management Limited (T.AGF.B) hit a new 52-week high of $12.81 Monday. AGF Investments Inc. (AGF Investments) today announced the June cash distributions for AGF Enhanced U.S. Equity Income Fund, AGF Total Return Bond Fund and AGF Systematic Global ...
Baystreet.ca - CERo Zooms on Cell Developments
CERo Therapeutics Holdings, Inc. (NASDAQ: CERO) shares jumped into the green Monday. The San Francisco-based company, an immunotherapy concern developing the next generation of engineered T cell therapeutics targeting TIM4L with phagocytic mechanisms, ...
Baystreet.ca - AI Bubble Watch: Meta Spends Over $14 Billion
Meta Platforms (META) historically go big or go home with acquisitions. Its savvy purchase of WhatsApp and Instagram continues to pay off, strengthening the firm’s platform. This time, Meta invested even more. It announced a $14.3 billion investment ...
Baystreet.ca - TSX Keeps Upward Momentum Despite MidEast Suspense
Equities in Canada's largest centre continued to make progress as Monday morning became afternoon, with resource stocks like gold leading the way. The TSX Composite Index rolled on 155.24 points to move into Monday afternoon at 26,652.81. The ...
Baystreet.ca - U.S. Sits on Billions of Untapped Oil Barrels
The United States is the largest oil and gas producer in the world. It is also experiencing a slowdown in its oil production for a number of reasons, including natural depletion. The U.S. Geological Survey, however, has just published a study stating ...
Baystreet.ca - South Africa Secures $2.2 Billion To Help Transition Away From Coal
South Africa has long been dependent on coal, finding it difficult to leave fossil fuels in the past for a future in green energy. The African country has produced and exported coal to bolster its economy as well as to provide energy for its population ...
Baystreet.ca - This Blue Chip Dividend Stock Is Now Oversold
When a stock goes into oversold territory, it can be a great buying opportunity for long-term investors. If a business possesses solid fundamentals, then you shouldn’t hesitate to load up on the quality stock, especially if it also pays a dividend. ...
Baystreet.ca - Watch FedEx, BlackBerry, and Nike This Week
Investors have several companies to watch this week that are posting quarterly earnings reports. Ahead of its report scheduled for Tuesday, FedEx (FDX) announced a dividend of $1.45 a share on June 9. It increased the rate by 5.1% for a forward ...
Baystreet.ca - Stellantis CEO Vows to “Avoid Mediocrity”
Stellantis (NYSE:STLA) CEO Antonio Filosa’s gave his first public message after being named to lead the global automaker, warning against mediocrity. It was a mantra decades in the making, as he spent 25 years climbing through the company’s ranks, starting ...