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Baystreet.ca - Aramco's Flagship Jafurah Gas Project is Not A Gamechanger for Saudi Arabia
Operations at Saudi Arabia’s Jafurah shale gas field – the country’s largest unconventional non-oil associated gas site and arguably one of the biggest outside the U.S. – will begin this year, according to a comment last week from Saudi Aramco’s president ...
Baystreet.ca - This Warren Buffett Stock Just Boosted Its Dividend by 17%
American Express (NYSE:AXP) is one of the world’s top credit card companies, and it has been performing well in recent years amid varying economic conditions. And due to its strong performance, it has been able to continually bump up its payout. ...
Baystreet.ca - Asia Pares Losses After Wall St. Selloff
Asia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s largest economy. In Japan, the Nikkei 225 index reversed 235.16 points, or 0.6%, to 36,793.11. Significant ...
Baystreet.ca - These Stocks Led the Magnificent 7 Stocks Sell-Off
Mixing politics with business does not work. Markets started the week of March 9 with Tesla (TSLA) losing 15.43% to close at $222.15. At this rate, TSLA stock could re-test the August to October 2024 trading range at around $180. CEO Elon Musk’s involvement ...
Baystreet.ca - Dick’s Sporting Goods Forecasting Rough Year
Dick’s Sporting Goods (NYSE:DKS) on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential ...
Baystreet.ca - Trump Tariffs Shrugged off, TSX Ahead
Equities in Toronto scraped past breakeven by noon EDT on Tuesday, as investors priced in U.S. President Donald Trump's announcement of additional tariffs on Canadian metals. The TSX Composite Index nosed up 18.04 points, to 24,398.75 The Canadian ...
Baystreet.ca - Is the MAGA ETF a Good Way to Profit From Trump’s Policies?
There are exchange-traded funds (ETFs) for just about any investing theme these days. One of the best examples of that is the Point Bridge America First ETF (CBOE:MAGA), better known as the MAGA ETF. It gives investors a rare opportunity to align their ...
Baystreet.ca - Trump to Buy a Tesla, Calls Boycott “Illegal”
U.S. President Donald Trump shared his intent to purchase a Tesla (NASDAQ:TSLA) on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s ...
Baystreet.ca - Dow Falls Farther as Trump Hits Canada with More Tariffs
Equities in Toronto scraped past breakeven by noon EDT on Tuesday, as investors priced in U.S. President Donald Trump's announcement of additional tariffs on Canadian metals. The TSX Composite Index nosed up 18.04 points, to 24,398.75 The Canadian ...
Baystreet.ca - Why The Fed Might Cut Rates in June
The increasing pace of the stock market slump continued last week. Nasdaq (QQQ) fell by 3.22%, S&P 500 (SPY) lost 3.07%, and Russell 2000 (IWM) dropped by 4.05%. The poor weekly performance increases the stock market’s call for the Fed to cut interest ...
Baystreet.ca - Asana Stock Crashes 27% As CEO Announces Retirement
The stock of software company Asana (ASAN) has plummeted 27% on news that CEO Dustin Moskovitz is retiring. Moskovitz, who is one of the original founders of Facebook, has run Asana since creating the company in 2008. His retirement was announced ...
Baystreet.ca - Agnico Eagle, Black Mammoth, Beyond Oil at 52-Week Highs
Agnico Eagle Mines Limited (T.AEM) hit a new 52-week high of $145.56 Tuesday. No news stories today. Black Mammoth Metals Corporation (V.BMM) hit a new 52-week high of $1.60 Tuesday. No news stories today. Beyond Oil Ltd (C.BOIL) hit a new ...
Baystreet.ca - Bank Of Canada Expected To Lower Interest Rates Another 25-Basis Points
The Bank of Canada is widely expected to lower interest rates another 25-basis points at the conclusion of its latest policy meeting on March 12. The potential rate cut comes as Canada enters a trade war with the neighboring U.S., casting a shadow ...
Baystreet.ca - Delta, Microstrategy, and AppLovin Are on Sale
After markets closed on Monday, Delta Airlines (DAL) fell by nearly 12%. The airline cut its guidance for the first quarter. Delta’s Q1 revenue will be in the range of 3% to 4%. This is well below the 7% - 9% prior guidance. The firm blamed a fall ...
Baystreet.ca - With Gold Nearing $3,000, Consider these Five Gold Stocks Immediately
With tariff fears, inflationary concerns and now the possibility of a recession, gold still has plenty of room to run. In fact, analysts are strongly arguing for $3,000 gold, immediate-term, which could have a substantial impact on gold stocks, such ...
Baystreet.ca - Dow Falls Farther as Trump Hits Canada with More Tariffs
Canada's main stock index opened largely flat on Tuesday following a sharp decline in the previous session due to worries that unpredictable U.S. trade policies could dent economic growth. The TSX Composite Index recovered 52.35 points, or ...
Baystreet.ca - Jeffs to Buy Pure NJ Logistics
Jeffs' Brands Ltd (NASDAQ: JFBR) shares moved sharply lower Tuesday. The data-driven e-commerce company operating on the Amazon Marketplace reported its wholly-owned subsidiary, Smart Repair Pro, entered on Monday into a definitive agreement to acquire ...
Baystreet.ca - Delta Air Lines Stock Drops 10% As Guidance Is Lowered
Delta Air Lines’ (DAL) stock is down 10% after the carrier lowered its first-quarter 2025 revenue and profit forecasts, citing weak travel demand in the U.S. In a written statement, Delta said that it expects revenue in the current quarter to rise ...
Baystreet.ca - Watch These Three Stocks: AeroVironment, Nutrien, and Walgreens
AeroVironment (AVAV) continued its steep downtrend in the last week. The defense contractor reported a 10.2% Y/Y decline in revenue. AVAV stock fell after reporting a $0.30 EPS (non-GAAP) on revenue of $167.6 million. Its BlueHalo deal has project ...
Baystreet.ca - Oil Prices Continue Downward Spiral Amid Market Chaos
Oil markets have kicked off the new week on the back foot with the oil price selloff deepening amid a raft of bearish catalysts. Brent crude for May delivery fell 1.38% to trade at $69.39 per barrel at 1.44 pm ET on Monday, while WTI crude for April ...
Baystreet.ca - Kazakhstan in Talks With Big Oil to Cut Output
The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party. Kazakhstan has been one of the most consistent laggards, alongside ...
Baystreet.ca - U.S. Says Deal With Canada To Avoid Oil And Gas Tariffs Is Possible
U.S. Energy Secretary Chris Wright says a deal with Canada to avoid damaging tariffs on imports of crude oil and natural gas is possible. Speaking on CNBC, Wright said the U.S. is in “active dialogue” with Canada about import tariffs, including ...
Baystreet.ca - What To Expect From Trump and Big Tech Meeting
This week, President Trump is reportedly planning to meet with CEOs who run large technology firms. This includes Qualcomm (QCOM), IBM (IBM), Intel (INTC), and HP (HPQ). Expect the executives to discuss the impact of tariffs on technology exports. ...
Baystreet.ca - Iconic Hudson’s Bay Retail Chain Files For Bankruptcy
Hudson’s Bay, the Canadian department store chain that has been a going concern since 1670, has filed for bankruptcy. The oldest retail business in Canada has filed for protection from its creditors amid mounting debt and says that it intends to ...
Baystreet.ca - Former Central Banker Mark Carney Is Canada’s New Prime Minister
Mark Carney, a former investment banker turned central bank governor, has become Canada’s new prime minister, succeeding outgoing leader Justin Trudeau. Carney, age 59, won a leadership vote within Canada’s governing Liberal Party, receiving 86% ...
Baystreet.ca - Why Tesla Stock Keeps Falling
Tesla (TSLA) stock looked like it peaked in December 2024. After the presidential inauguration in January 2025, TSLA stock traded at lower highs every week. This created a downtrend that the electric vehicle giant is having trouble breaking out of. Last ...
Baystreet.ca - DoorDash, Williams-Sonoma And TKO To Join The S&P 500 Index
The S&P 500 is adding the stocks of DoorDash (DASH), World Wrestling Entertainment owner TKO Group (TKO), home goods retailer Williams-Sonoma (WSM), and natural-gas producer Expand Energy (EXE) to its benchmark index. The additions are part of a ...