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Harley-Davidson (NYSE:HOG) & Magna International (TSX:MG): 2 Vehicle Stocks Worth Exploring
October 29, 2020 02:00 AM EDT| By Team Kalkine MediaSummary Harley-Davidson posted a net income of US$120 million in Q3 FY20, an increase of 39 per cent over prior year-over-year, and highest since 2015. Harley-Davidson and Hero MotoCorp recently announced partnership to develop and sell Harley .....
S&P/TSX Down 2.71%; Husky & Cenovus Volume Leaders
October 28, 2020 10:19 PM EDT| By Team Kalkine MediaSpike in COVID-19 cases across Canada sent stocks tumbling on the Toronto Stok Exchange, making it the worst day since early July. Benchmark S&P/TSX Composite Index traded below its 200-day simple moving average (SMA) on Wednesday, which act as a...
Maple Leaf Foods Inc. (TSX: MFI) Q3 Sales Growth Up By 6.2% YoY
October 28, 2020 01:45 PM EDT| By Team Kalkine MediaMaple Leaf Foods Inc. (TSX:MFI) announced sales growth of 6.2 per cent in its third quarter earnings FY20 ended on September 30, 2020. The company posted a loss of C$ 39.6 million in its adjusted EBITDA in the Plant Protein Group. The com...
Teck Resources (TSX:TECK) Q3 Revenue Plunges Almost One-Fourth YoY
October 28, 2020 01:44 PM EDT| By Team Kalkine MediaTeck Resources Limited (TSX:TECK) posted EBITDA of C$519 million in its third-quarter 2020 earnings, a 49.9 per cent decline compared to C$ 1036 million in Q3 FY19. Its revenue was C$ 2291 million in Q3 FY 20, a 24.52 per cent decrease com...
Cogeco Communications (TSX:CCA) Revenues Up 3.7% in Q4 2020
October 28, 2020 01:43 PM EDT| By Team Kalkine MediaThe company’s revenue increased 3.7 per cent to touch C$605.2 million in Q4 2020. Adjusted EBITDA increased by 6.9 per cent to C$294.5 million this quarter. This led to an increase in free cash flow...
Neptune Wellness (TSX:NEPT) Inks Supply Deal With Ontario Cannabis Store (OCS)
October 28, 2020 01:43 PM EDT| By Team Kalkine MediaThis agreement will enable sales and supply of Neptune’s recreational cannabis product line Mood Ring. Mood Ring products will be sold and distributed via OCS offline, and it will be available for purchase i...
Cenovus Energy (TSX:CVE) To Slash 25% Of Its Workforce
October 28, 2020 01:42 PM EDT| By Team Kalkine MediaCenovus Energy will be slashing 20 to 25 per cent of its workforce. Most reductions will be based in Calgary. Post the Husky acquisition deal for C$3.8 billion, this consequent decision of job cuts is&nbs...
IPO Buzz: Ant Group, DoorDash, Bumble, Canoo Prep for Public Debuts
October 28, 2020 01:37 PM EDT| By Kunal SawhneySummary There has been a 14 per cent growth in the number of IPOs filed globally this year, as per a 2020 study conducted by Ernst and Young. Chinese businessman Jack Ma’s Ant Group is set to become the biggest IPO of the world, raising o.....
Spotlight on TSX Tech Stocks as CEOs Seek Bold Policies From Trudeau: SHOP, LSPD, CSU
October 28, 2020 01:34 PM EDT| By Kunal SawhneySummary Canada fell two spots behind Slovenia to rank 22nd in the 2020 Bloomberg Innovation Index. Over 130 tech heads wrote to PM Trudeau demanding supportive ecosystem to nurture innovation and commercialization of ideas. Shopify’s sto.....
3 Candy Stocks & An ETF For Halloween 2020
October 28, 2020 01:30 PM EDT| By Team Kalkine MediaThough the year 2020 has been quite choked with horror overall, thanks to the COVID-19 pandemic, people are still looking forward to celebrating the special night designated to all things scary – Halloween. Just around the corner on Saturday,.....
5 Penny Stocks To Explore Before Fall Ends
October 28, 2020 06:49 AM EDT| By Team Kalkine MediaSummary While penny stocks can turn out to be hugely rewarding, investors should tread cautiously before investing in them. Kodiak Copper (TSXV:KDK) stock gained 213.6 per cent YTD while VIQ Solutions (TSXV:VQS) stock gained 129.35 per cent in .....
Microsoft & Netflix trading flat despite robust results, Here’s Why
October 28, 2020 03:18 AM EDT| By Team Kalkine Mediaul> NASDAQ-listed Microsoft Corporation slipped lower on Tuesday post releasing its FY2021 Q1 earnings results as the tech giant fell short of analysts’ consensus over future earnings guidance. The stock settled ~ 2.84 per cent lower on 27...
Bears Haunt TSX Ahead Of Halloween, Index Drops 58.61 points
October 27, 2020 10:14 PM EDT| By Team Kalkine MediaGlobal equity markets tumbled on Tuesday amid fears of Lockdown 2.0 after coronavirus cases surged at a rapid pace in some parts of the world. Canadian markets traded lower for the second straight day with the S&P/TSX Composite Index declining by...
Restaurant Brands International (TSX:QSR) Q3 Revenue Declines 8% YoY
October 27, 2020 10:53 AM EDT| By Team Kalkine MediaIn the third quarter of FY20, Restaurant Brands International Inc. reported a total revenue of US$ 1337 million, a fall of nearly 8.3 per cent compared with US$ 1458 million in Q3 FY19. Its adjusted EBITDA was US$ 561 million in Q3 FY20, a...
Spin Master Corp (TSX:TOY) To Buy Parent Firm Of Iconic Rubik's Cube®
October 27, 2020 10:52 AM EDT| By Team Kalkine MediaThe leading international kid’s entertainment company, Spin Master, is set to acquire Rubik's Cube® parent company Rubik’s Brand Ltd. London-based Rubik’s Brand created the world-famous puzzle that has fascinated its...
West Fraser Timber (TSX:WFT) Profits Jumps Up to C$350mn
October 27, 2020 10:51 AM EDT| By Team Kalkine MediaSales increased by 32 per cent to C$1,690 million in the third quarter and higher timber prices contributed to the rise in earnings. The lumber segment generated operating earnings of C$454 million, whereas the pulp and paper segment repor...
Western Energy Services Corp (TSX:WRG) Revenue Drops 71% in Q3
October 27, 2020 10:50 AM EDT| By Team Kalkine MediaThe revenue decreased by C$33.7 million in Q3 2020, from C$47.1 million in Q3 2019. Revenue from contract drilling segment dropped by 83 per cent and from production services declined by 43 per cent to C$8.1 million. The company incurred...
HSBC Bank Canada Profits Decline in Q3
October 27, 2020 10:47 AM EDT| By Team Kalkine MediaOperating income for the quarter declined to C$472 million while net interest income dropped to C$244 million. Net fee income for the quarter was C$172million, an increase of C$4million year-over-year due to increase in credit card fee inc...
Pembina Pipeline & Bank Of Nova Scotia: 2 Largecap Dividend Paying Stocks
October 27, 2020 10:23 AM EDT| By Kunal SawhneySummary Pembina Pipeline Corp (TSX: PPL) holds a dividend yield of 8.9 per cent. Pembina stock has rebounded over 70 per cent since the pandemic-led crash on March 19. Bank of Nova Scotia paid a quarterly dividend of C$ 0.9 in the last five co.....
Bombardier (TSX:BBD) & Genworth MI Canada (TSX:MIC): Two Trending TSX Stocks
October 27, 2020 07:38 AM EDT| By Team Kalkine MediaSummary Bombardier is selling off its aerostructures business to Spirit AeroSystems Holding for a cash consideration of US$275 million under revised deal terms. Brookfield, which already owns a 57 per cent stake in residential mortgage insuranc.....
