Last week, Alphabet, Amazon, Apple, Facebook, and Microsoft, reported better-than-expected quarterly earnings, as most of these big tech companies strongly outperformed against the broader market during the COVID-19 pandemic. With large cash balance and solid cash flows, these Tech Giants are poised to seize opportunities in this unsettled market. [more]
One useful strategy to employ in composing a profitable portfolio in highly volatile markets, such as we have been experiencing, is using seasonality trends as a guideline. The five sectors added this month are the Russell 2000, the U.S. Dollar Index, Energy, Gas Utilities, and Retail. The single sector which ends its seasonal strength in August is Silver [more]
Last week, Canada started rolling out Phase 3 of the re-opening guidelines for businesses with indoor retail operations to start offering more services. However, several months of prolonged lockdowns already forced small businesses to close and larger corporations to pull operations out of Canada. [more]
Canada’s newest tech darling closed up 80% in its first week of trading. Oversubscribed offering grows to $172.5M from $100M. The Company’s customers include top tier financial institutions and law firms serving customers in Canada and the UK. [more]
This week, Vindex, a pure-play Esports content and event production company, announced the acquisition of the Belong Gaming Arenas brand from GAME Digital. Belong Gaming operates Esports tournaments and events in physical gaming centres with video game PCs and consoles. [more]
Gross sales reported by A&W restaurants in the royalty pool dropped 28% year-over-year. At its peak, 230 of 971 A&W restaurants in the royalty pool were temporarily closed due to the coronavirus; currently only 21 restaurants remain closed. [more]
The top six banks in the U.S. reported Q2/2020 earnings and struggled with consumer and retail banking divisions due to the COVID-19 pandemic enforcing social isolation guidelines. However, most banks maintained dividend payments due to strong growth in investment banking and sales & trading divisions. [more]
Revenue for Tesla was US$6.0B in Q2, up 1% Q/Q but down 5% Y/Year. During the earnings’ call, Elon Musk announced that the next Tesla factory will be built near Austin, Texas and asked any mining companies to mine more nickel and that “Tesla will give you a giant contract for a long period of time.” [more]
Net proceeds from the offering would be used for further R&D of the Company’s intelligent battery management system and commercial electric vehicle programs. [more]
The well-funded silver explorer now has C$75M in cash and an M&I resource of 1B oz of Silver equivalent at Cordero. The proceeds will be used primarily to fund continuing exploration program at its Cordero and Coahuila projects in Mexico. [more]
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