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XL Fleet Stocks Ride High After SPAC Merger
December 24, 2020 08:47 AM EST| By Hina ChowdharySummary XL Fleet Corp (XL) completed its merger with special purpose acquisition company Pivotal Investment Corporation II. Its stocks zoomed over 86 per cent following the development. The combined corporation will now trade on the New York S.....
Canoo (NASDAQ: GOEV) Stocks Plunges On Debut Post Merger With SPAC
December 23, 2020 08:53 AM EST| By Team Kalkine MediaSummary Canoo stocks tumbled nearly 4 per cent post its stock market debut on December 22, after completion of its merger with SPAC Hennessy Capital. Canoo has a current market cap of US$ 251 million.Its first day stock trad.....
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Peloton Stocks Jump Over Precor Acquisition
December 22, 2020 11:04 AM EST| By Kunal SawhneySummary Peloton Interactive Inc has announced that it will be purchasing fellow exercise equipment company Precor Incorporated, a deal that is likely to be completed early next year. Peloton stocks jumped by over three per cent on Monday, Decem.....
Apple, Velodyne Lidar & Tesla: Are Self-driving Car Stocks The New Fad?
December 22, 2020 06:00 AM EST| By Kunal SawhneySummary Apple Inc is reportedly planning to enter the autonomous vehicle industry by 2024 with a self-driving passenger car. Velodyne Lidar stocks jumped almost 21 per cent on Monday in the wake of the Apple news. If Apple is successful in lau.....
Tesla To Debut On S&P 500 Today, Fifth Largest Constituent On Index
December 21, 2020 07:48 AM EST| By Hina ChowdharySummary Tesla Inc is the biggest company ever to be added to the benchmark S&P 500 index. Over 222 million stocks of the EV maker were traded on Friday. Tesla stock has catapulted by over 730 per cent this year. Electric vehicle maker.....
Wake Up & Smell The Coffee Stocks of Starbucks & Luckin Coffee Before Christmas 2020
December 18, 2020 08:20 AM EST| By Hina ChowdharySummary Luckin Coffee stocks shot up nearly 96 per cent on Thursday, December 17. Stocks of Starbucks Corporation grew nearly 34 per cent in the last six months and over 17 per cent this year. The US-based coffee chain giant reported its lates.....
Top 10 Consumer Stocks Of 2020
December 14, 2020 07:15 AM EST| By Kunal SawhneySummary A consumer-packaged meats company stocks are up 9 per cent in 2020, and it pays a quarterly C$ 0.16 per stock. A premium food producer stock has surged almost 14 per cent up YTD. It delivers earnings per share of C$ 2 per share. The th.....
NIO & XPeng: 2 Trending Chinese EV Stocks Worth Exploring
December 11, 2020 07:55 AM EST| By Kunal SawhneySummary Chinese EV maker NIO is set to offer at least 60 million fresh American depositary (ADR) units. The stocks are up nearly 152 per cent in the last three months. XPeng stocks have zoomed over 134 per cent in the last three months. The sto.....
Dollarama (TSX:DOL) & Metro (TSX:MRU): 2 Trending Grocery Stocks
December 10, 2020 08:00 AM EST| By Hina ChowdharySummary Dollarama sales increased by 12.3 per cent year-over-year (YoY) in the third quarter of FY21. It pays a quarterly cash dividend of C$ 0.047 per stock. Dollarama stocks are up nearly 23 per cent YTD. Metro’s sales surged 7.4 per c.....
Why Are EV Stocks Tesla & NIO Gaining Steam?
December 04, 2020 10:37 AM EST| By Kunal SawhneySummary The US-based Tesla concluded deliveries of nearly 139,300 EVs in the third quarter of 2020. Stocks of clean vehicle company led by Elon Musk is up over 615 per cent YTD. Chinese EV manufacturer NIO reported delivery of 5,291 EVs in Nov.....
The Rise of Vegan Stocks: Very Good Food Company (VERY:CNX) & Modern Meat (NASDAQ:BYND)
December 01, 2020 09:53 AM EST| By Hina ChowdharySummary Plant-based protein developers and vegan producers are attracting investors’ attention amid COVID times. The plant-based meat market is estimated to grow to US$ 30.92 billion by 2026, according to a study by Reports and Data. The.....
Electric Vehicle Stocks Nikola & Tesla Are Losing Steam. Why?
December 01, 2020 07:39 AM EST| By Team Kalkine MediaSummary Stocks of Nikola Corporation slumped almost 27 per cent on Monday, November 30. The decline in Nikola’s stock price came after General Motors scrapped its plans to purchase an equity stake in Nikola. Tesla stocks dwindled about t.....
How Are Consumer Stocks Alimentation Couche-Tard (TSX:ATD) & Loblaw (TSX:L) Faring?
November 26, 2020 12:00 AM EST| By Team Kalkine MediaSummary Alimentation Couche-Tard stocks have been trending on stock markets on the back of its latest quarter results release. The company’s revenue for the first half of fiscal 2021 declined by almost 27 per cent year over year. Loblaw .....
Canada September Retail Sales Up: Look At Dollarama (TSX:DOL) & Metro (TSX:MRU) Stocks
November 21, 2020 09:08 AM EST| By Hina ChowdharyCore retail sales in Canada grew by nearly three times at 1.1 per cent in September against 0.4 per cent in August 2020, Statistics Canada reported. The retail figures amounted to C$ 53.9 billion due to higher sales at general merchandise and eatery...
Why is Buzzfeed Buying Verizon’s HuffPost Amid Traffic & Revenue Slumps?
November 20, 2020 07:50 AM EST| By Hina ChowdharyNew York-based digital media house BuzzFeed Inc has agreed to buy Verizon Media’s HuffPost publication in a stock deal, the two companies announced on Thursday, November 19. Verizon Media, which is a unit of Verizon Communications Inc (NYSE: .....
Beyond Meat (NASDAQ:BYND) & GURU (TSX:GURU): 2 Rising Plant-Based Product Stocks
November 20, 2020 07:14 AM EST| By Kunal SawhneySummary An environmentally conscious world is embracing alternative meats substitutes amid the pandemic. Nearly 56 per cent of the Canadian Gen Z believe that healthy habits are the key to a good life. The increasing popularity of plant-based .....
Why Are Entertainment Stocks Cineplex & Walt Disney Rising?
November 17, 2020 05:32 AM EST| By Hina ChowdharyEntertainment stocks Cineplex Inc (TSX: CGX) and Walt Disney (NYSE: DIS or DIS: US) spiked this month after pharmaceutical companies Moderna and Pfizer along with BioNTech announced that their COVID-19 vaccine candidates have over 90 per ce.....
TSX Q3 Earnings Season: Consumer Stocks Loblaw (TSX:L) & Goodfood (TSX:FOOD) In Festive Mode?
November 15, 2020 06:33 AM EST| By Kunal SawhneySummary Loblaw’s stock delivers positive return on equity of 12.07 per cent and offers its shareholders a quarterly cash dividend of C$ 0.335. Loblaw reported revenue of C$ 15.67 billion in the third quarter of 2020, a C$ 1 billion increa.....
NIO, Li & Fisker: Why Are Electric Vehicle Stocks Gaining?
November 14, 2020 06:31 AM EST| By Hina ChowdharySummary NIO’s stock has soared by over 1887 per cent since the pandemic-caused market crash in March. NIO has delivered 31430 vehicles this year, a surge of over 111.4 per cent year-over-year. Stocks of Li Auto have soared by over 117 pe.....
Amid XBox & PS5 Launches, What Is In Store For Gaming Stocks?
November 12, 2020 07:12 AM EST| By Team Kalkine MediaSummary Microsoft launched the Xbox Series X and Xbox Series S next-generation consoles on November 10. Sony PlayStation 5 consoles will be rolled out online on November 12 for the US and Canadian market. Great Canadian Gaming Corporation will.....
