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Baystreet.ca - Abercrombie & Fitch Stock Falls 16% On Soft Guidance
The stock of U.S. retailer Abercrombie & Fitch (ANF) fell 16% after the company provided updated financial guidance that fell short of Wall Street’s expectations. The Ohio-based company said in a news release that it expects its year-end holiday ...
Baystreet.ca - Southwest Airlines Pauses Corporate Hiring Amid Cost Cutting Push
U.S. discount carrier Southwest Airlines (LUV) is pausing corporate hiring to cut costs and improve its profit margins. The Dallas, Texas-based airline is also suspending promotions and its summer internship program and eliminating some employee ...
Baystreet.ca - Stocks Rise After Light Inflation Report
Equity markets in Canada opened higher on Tuesday, supported by gains in technology and mining shares, with investors assessing U.S. producer price data to gauge the Federal Reserve's interest rate path this year. The TSX nosed ahead 3.26 points ...
Baystreet.ca - Futures Gain as Inflation Suspense Builds in U.S.
Futures for equities in this country index edged up on Tuesday as cautious investors looked ahead to U.S. inflation data due later in the week to infer the U.S. Federal Reserve's monetary policy stance. The TSX stumbled 231.41 points by the close ...
Baystreet.ca - Why Do U.S. Treasury Yields Keep Climbing?
Ahead of President-Elect Trump taking office, U.S. treasury bill yields are rising. The 10-year treasury is 4.77%, while the 30-year closed at 4.96%. What do bond markets know that the stock market is ignoring? The debt market is expecting December ...
Baystreet.ca - Stocks Little Changed Amid Cooling Inflation Data
Canada's main stock index faded into minus territory late Tuesday morning, despite gains in mining shares, with investors assessing U.S. producer price data to gauge the Federal Reserve's interest rate path this year. The TSX slid 24.04 points by ...
Baystreet.ca - BP Expects Weak Oil Trading and Refining Margins to Reduce Q4 Profit
Weak oil trading and declining refining margins are expected to lower the fourth-quarter earnings at BP, the UK-based supermajor said on Tuesday, joining other international giants in flagging weaker profits. BP forecasts that weaker realized refining ...
Baystreet.ca - A Top S&P 500 ETF for Canadian Investors
Investing in the U.S. market, specifically the S&P 500, can be an excellent way for investors to grow their portfolios. And exchange-traded funds (ETFs) can make it easy for investors to track the broad index, which will give them exposure to 500 ...
Baystreet.ca - Natural Grocers Unveils New Line of Product, Shares Jump
Natural Grocers (NYSE:NGVC) shares began Tuesday trading on the up side. The Lakewood, Colo-based company, boasting a status as America's largest family-operated organic and natural grocery retailer, announced six new organic wheat pastas and five new ...
Baystreet.ca - Maple Leaf Foods Increases Its Dividend by 9%
On Jan. 10, food company Maple Leaf Foods (TSX:MFI) announced that it was boosting its dividend payment by two cents, from $0.22 to $0.24. It amounts to a 9% increase which will pay investors $0.96 per share over the course of a full year. With the stock ...
Baystreet.ca - Weekly AI Bubble Watch: Nvidia, AMD, and QUBT Dropped
When the Computer Electronics Show 2025 (CES) ended last week, it normally signaled the end of the seasonal strength in technology stocks. Nvidia (NVDA) traded to an all-time high of $153.13 only to fall back to its support price. Fundamentals only ...
Baystreet.ca - U.S. LNG Industry Prepares for Boom Years Under Trump
The U.S. LNG industry and natural gas pipeline operators expect the incoming Trump Administration to launch a new wave of capacity expansions that would cement America’s position as the world’s largest LNG exporter. President-elect Donald Trump ...
Baystreet.ca - Onto Innovation Unwraps New Products
Onto Innovation Inc. (NYSE: ONTO) shares galloped Tuesday, as the company today announced advances in its product suite for 3D interconnect process control, featuring the new 3Di™ technology on the Dragonfly® G3 system for bump process control in high ...
Baystreet.ca - Eli Lilly Buys Cancer Therapy And Announces Timing Of Weight Loss Pill
Pharmaceutical giant Eli Lilly & Co. (LLY) is buying privately held Scorpion Therapeutics’ experimental cancer therapy for $2.5 billion U.S. in cash. Eli Lilly is purchasing Scorpion’s experimental oral therapy called “STX-478,” which is in early-stage ...
Baystreet.ca - Microsoft Plans To Develop New A.I. Apps
Technology giant Microsoft (MSFT) is creating a new internal group that will develop artificial intelligence (A.I.) apps. The new group is being led by Jay Parikh, the former head of engineering at Meta Platforms (META) and will be called “Core ...
Baystreet.ca - Why Palantir, Nvidia Fell, and Rigetti Cratered
Recently, D-Wave Quantum’s (QBTS) CEO said that Nvidia (NVDA) CEO Jensen Huang was ‘dead wrong.’ D-Wave’s CEO disagreed that quantum computing would take many years to realize meaningful revenue. On Monday, QBTS stock crashed by 33.62 percent. The ...
Baystreet.ca - Why Moderna, EIX, CEG, and ANF Stock Dropped
Few investors expected a sell-off in a former Covid vaccine supplier. Moderna (MRNA) traded at around $32 at the open on Monday. The stock closed on the day at $35.15, down by 16.8%. The firm cut its revenue estimate for this year. Moderna is forecasting ...
Baystreet.ca - Dow Triumphs After Inflation Numbers
Stocks in Toronto survived a volatile Tuesday on the up side, with resource issues powering the way north, as the suspense continued over the prospects of The TSX recovered 52.26 points to close Tuesday to 24,588.58. The Canadian dollar squeezed ...
Baystreet.ca - USD / CAD - Canadian dollar grinding higher
- Risk sentiment improves on tariff story. - US inflation data in focus. - US dollar slides across the board USDCAD: open 1.4382, overnight range 1.4343-1.4388, close 1.4380, WTI $76.77, Gold, $2666.88 The Canadian dollar is consolidating ...
Baystreet.ca - This Industry May Lose the Most in From Tariff War
The automotive industry is at the highest risk of losing the most from the trade war. When Trump takes office, consumers need to worry about tariffs as high as 25%. Last week, J.P. Morgan auto analysts met with executives in the auto sector. Most ...
Baystreet.ca - Apple’s iPhone Shipments Declined In The Fourth Quarter
Global shipments of Apple’s (AAPL) iPhone declined in the fourth quarter of 2024 due to weak demand and sales in China, according to the International Data Corporation (IDC). Preliminary data from IDC found that Apple’s global iPhone shipments fell ...
Baystreet.ca - China Considers Selling TikTok’s U.S. Operations To Elon Musk: Report
The Chinese government is considering selling TikTok’s U.S. operations to Elon Musk, according to a report from Bloomberg News. The move to sell TikTok’s U.S. operations to Musk, who also owns social media company X/Twitter, would be done to keep ...
Baystreet.ca - Aritzia’s Stock Hits a New 52-Week High on Strong Earnings Numbers
Aritzia Inc. (TSX: ATZ) stock is soaring after the company reported its most recent earnings numbers. On Jan. 9, the company released its third-quarter results for the period ending Dec. 1, 2024. During the quarter, the company’s net sales rose ...
Baystreet.ca - Asia Mostly Rises After Mixed U.S. Moves
Asia-Pacific markets mostly rose Tuesday after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks. Japanese markets returned to trade after a long weekend, with the Nikkei 225 tumbling ...
Baystreet.ca - Mustang Bio Lauds New Stock Split
Mustang Bio, Inc. (NASDAQ: MBIO) shares skidded Tuesday. The company a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell therapies into potential cures for difficult-to-treat cancers, today announced ...
Baystreet.ca - Stock Futures Move Upward Ahead of Inflation Reports
Futures for equities in this country index edged up on Tuesday as cautious investors looked ahead to U.S. inflation data due later in the week to infer the U.S. Federal Reserve's monetary policy stance. The TSX stumbled 231.41 points by the close ...
Baystreet.ca - VerifyMe Strikes $4.7-Million Deal
VerifyMe, Inc. (NASDAQ: VRME) shares gained ground Tuesday. The Lake Mary, Fla-based company provides brand owners time and temperature sensitive logistics, authentication, anti-counterfeiting, and brand enhancement services, today announced its entry ...
Baystreet.ca - A $320.7 Billion Opportunity in the Global Nutritional Food Market
If you’re hungry for healthy profits this year, keep an eye on the global nutritional food and drink market. According to Allied Market Research, that market generated $105.3 billion in 2022, and is anticipated to generate $320.7 billion by 2032, ...
Baystreet.ca - Anaergia, Kolibri at 52-Week Highs on News
Anaergia Inc. (T.ANRG) hit a new 52-week high of $1.26 Tuesday. Anaergia has signed a binding agreement with Techbau S.p.A., a leading Italian company specializing in large-scale engineering and construction projects for the building of five new biomethane ...
Baystreet.ca - 2025 Brings Fundamentals Back to the Fore in Oil Markets
Oil trading in 2024 was marked by the near complete dominance of algorithmic trading. While not a new trend, algo trading arguably reached its peak last year, with technical analysis largely displacing any factual fundamentals considerations. Instead ...
Baystreet.ca - Canada’s Unemployment Rate Declined To 6.7% In December
Canada’s labour market surprised to the upside in December, adding 91,000 jobs and lowering the unemployment rate by 0.1 percentage points to 6.7%. The number of jobs created in December, and the decline in the unemployment rate, each beat the ...
Baystreet.ca - After the Los Angeles Fire, Beware of Insurance Stocks
When Los Angeles fires destroyed thousands of buildings, including high-end homes, it created massive liabilities for insurance firms. Investors should beware of holding stocks in that sector. Chubb (CB), Prudential (PRU), Allstate (ALL), the Travellers ...
Baystreet.ca - Meta Platforms To End Diversity Programs
Meta Platforms (META) is ending its workplace diversity programs. Meta made the announcement in a memo to staff, saying that ahead of president-elect Donald Trump’s inauguration on Jan. 20 it plans to cancel several internal programs designed to ...
Baystreet.ca - Johnson & Johnson To Buy Drugmaker Intra-Cellular For $14.6 Billion
Johnson & Johnson (JNJ) has announced that it plans to acquire drugmaker Intra-Cellular Therapies (ITCI), which specializes in neurological treatments, for $14.6 billion U.S. Johnson & Johnson will buy all of Intra-Cellular’s shares for $132 apiece, ...
Baystreet.ca - This Could Mark an Historic Shift for Artificial Intelligence
VERSES AI’s (CBOE: VERS) (OTCQB: VRSSF) Atari 10K Challenge could mark an historic shift for artificial intelligence, allowing for more accessible and scalable development of intelligent systems with reduced data requirements and computational ...
Baystreet.ca - STMicroelectronics Reveals Repurchases, Shares Slide
STMicroelectronics N.V. (NYSE:STM) shares fell Monday, as the company, a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program disclosed via a press ...