Since the Bank of Canada's initial interest rate cut on June 5, 2024, Canada's mainstock index,$S&P/TSX Composite Index (.SPTSX.CA)$, has increased by more than 15%. As of Wednesday, the index climbed 0.12%, closing at 25,311.50. Read More: BoC Interest Rate Decision Preview: CPI Report Paves Way for BoC Rate Cuts, Tariffs Add Uncertainty Leading this impressive rally is the Information Technology Sector, which has skyrocketed by 50.88% since...
Overall, the market climbed Monday, in a shortened trading week with a market holiday on Thursday to remember a Peanut Farmer turned President. It is CES tech week, and stocks of that variety tried their best to make the most of the situation- Nvidia CEO Jensen Huang is set to speak on stage at the Las Vegas Industry Conference and likely reveal new products at 9 pm ET. Just past the 4pm ET close, the$S&P 500 Index (.SPX.US)$climbed 0...
By the end of the day, the market had regained some ground lost when the FOMC released less promising inflation predictions for 2025 after cutting rates on Wednesday. At the closing bell 4 pm ET, the S&P 500 climbed 1.28%, the Dow Jones Industrial Average climbed 1.52%, and the Nasdaq Composite Index climbed 1.21%. MACRO In macro, Personal Consumption Expenditure numbers came in lower than expected, 2.4% vs 2.5%, but trending higher...
$BlackBerry (BB.US)$$BlackBerry Ltd (BB.CA)$ At first glance, why is the next Q4 revenue guidance lower than the Q3 quarter just announced? The next Q4 revenue guidance excludes the Cylance revenue. Cylance was sold to Artic Wollf last week. Appreciating this fine point changes your view on BlackBerry to much more bullish.
Hi mooers! Need a quick update on this week's events? Check out moomoo's fresh earnings & economic calendars to start this week! For more details, check out the earnings calendar and economic calendar! This week, various companies including$FedEx (FDX.US)$,$Micron Technology (MU.US)$,$BlackBerry (BB.US)$are releasing their earnings. How will the market react to the companies' results? Let's make a guess! For more companie...
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$FedEx (FDX.US)$ earnings prospects remain strong due to improvements in cost optimization and operational efficiency. The company has focused on streamlining its networks and lowering expenses as part of its DRIVE program. Additionally, growth in e-commerce shipments and international trade recovery post-pandemic provides tailwinds. For example, its Express segment saw improved margins, while Ground shipping remains a steady revenue driver. However, economic uncertainty and fuel costs could pose challenges. $Micron Technology (MU.US)$ earnings prospects look promising, driven by increasing demand for memory and storage solutions in AI, data centers, and automotive markets. The ongoing adoption of DDR5 memory and high-bandwidth DRAM solutions positions Micron well as tech giants, like Nvidia, push AI infrastructure. For example, demand for HPC systems and cloud-based storage has been robust. Still, Micron must navigate through pricing pressures and cyclical downturns in the semiconductor sector. $BlackBerry (BB.US)$ earnings potential hinges on its shift toward software and cybersecurity services, particularly its QNX operating system for automotive and IoT sectors. Growing partnerships with automakers for connected vehicles, as seen with Volkswagen and BMW, highlight future growth opportunities. Its cybersecurity division is also gaining traction amid rising demand for endpoint protection solutions. However, BlackBerry remains challenged by intense competition and slower revenue recovery.
$BlackBerry (BB.US)$$BlackBerry Ltd (BB.CA)$ BkackRock filed a Schedule 13G with the Securities and Exchange Commission on September 30, 2024, indicating a significant ownership stake in BlackBerry Ltd. The filing reveals that BlackRock now beneficially owns 30,612,293 shares of BlackBerry's common stock, which represents 5.2% of the company's class of securities.
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BlackRock on Oct 25th filed they own 5.3% of $XPeng (XPEV.US)$ $XPENG-W (09868.HK)$ . Three days ago, BlackRock filed they own 5.2% of $BlackBerry Ltd (BB.CA)$ $BlackBerry Ltd (BB.CA)$ . BlackRock is investing in the EV industry, OEM and supplier.
Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility. Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility.
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