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Goldman Sachs sweeps down over the automobile sector with lower earnings estimates and clipped price targets to better reflect additional supply chain constraints in the near-term, as well as the expectation for weaker demand in the intermediate term. "The COVID-related restrictions in Shangh...
Magna International (NYSE:MGA) is one of Evercore ISI's Best Core Ideas as the calendar turns to June. "We believe the market is finally awakening to our long -held thesis that MGA could be a sleeping AutoTech & EV Giant given Steyr’s significant EV production capabilities & MG...
Rivian Automotive Inc (NASDAQ:RIVN) announced that manufacturing engineering exec Charly Mwangi will leave the company. Mwangi is a former Tesla exec who has served as Executive Vice President at Rivian since May 2020 and helped bring the R1T pickup truck and R1S SUV to production last year. ...
Canadian investors have been sour about growth stocks over the last several months. Shares on the TSX fell across the board, but growth stocks were hit incredibly hard. After years of climbing thanks to the pandemic crash in March 2020, a market correction was imminent. The market hit r...
The auto sector offers little shelter from market gyrations, according to Morgan Stanley. In two reports released in tandem, a team of analysts led by Adam Jonas reviewed a slew of auto manufacturing and dealer stocks, coming to quite a dim view of both. In short, the team argues that i...
The Canada Revenue Agency (CRA) offers a Tax-Free Savings Account ( TFSA ) to all Canadians over 18. This account is different from other registered accounts, as it gives tax benefits on withdrawals, and there is no lock-in period. This means you can buy stocks today through the TFSA an...
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...
In Canada, the energy sector saved the day for a while, but there is a limit to what a single sector (even important) can do to lift an entire market. The good thing to do is to take more time to write down your investment thesis to invest with more conviction. While this was a to...
The TSX Composite Index is down 8.7% since the April 20 dip began, as economists warned of a recession from the monetary policy tightening. Investors panicked and started selling everything, where profits and revenue growth were a thing of the future. Most growth stocks, especially tech...
BlackBerry (NYSE:BB) share slipped on Thursday after the software company said late Wednesday that it was expecting to generate more than $1 billion in revenue by 2027, aided by its internet of things business. The John Chen-led BlackBerry (BB) said it expects revenue excluding licensing to r...
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2024-07-26 16:50:00 ET In the short term, many factors, including market volatility or economic fluctuations, might affect the performance of even the most fundamentally sound TSX stocks. However, a long-term investment focus on solid dividend-paying stocks in Canada could be a wise...
2024-07-25 20:15:00 ET Magna International ( TSX:MG ) is a prominent player in the global automotive industry, known for its diversified product portfolio that includes ADAS, powertrain technologies, and various automotive systems. And yet, shares of Magna stock are down 27% in the ...
2024-07-25 16:20:00 ET The TSX has seen significant volatility in 2024, with some stocks underperforming despite broader market gains. Among the worst performers lately are First Quantum Minerals ( TSX:FM ), Magna International ( TSX:MG ), and Canadian Tire Corporation...