Author: Alexander Lee

Lumen Technologies, a global communications services company listed on the NYSE, has garnered significant attention on investing platforms, including Reddit. The company recently announced a partnership with Microsoft to enhance its capabilities in meeting the growing demand for artificial intelligence (AI). Since the partnership with Microsoft was unveiled, Lumen’s stock has surged by over 200%, marking a notable increase from its previous levels. This surge has reignited interest in the company, despite experiencing a decline of more than 90% from its peak in 2007. Following Google’s decision to not feature popular stocks on Reddit, Lumen Technologies emerged as a trending…

Athabasca Oil Corp. (TSX: ATH) successfully completed a private placement offering of C$200 million aggregate principal amount of 6.75% senior unsecured notes due on August 9, 2029. The net proceeds from this offering, combined with existing cash reserves, were used to redeem US$157 million aggregate principal amount of 9.75% senior secured second lien notes due on November 1, 2026. In a statement, Athabasca highlighted its proactive approach to refinancing its term debt on favorable terms, leveraging its robust business fundamentals and positive credit market conditions. As a result, the company experienced a decrease in its outstanding debt levels and enhanced…

One of the leading cannabis and consumer packaged goods companies in Canada reported notable improvements in free cash flow, gross profitability, and adjusted EBITDA in the first quarter of fiscal 2025. Despite these positive metrics, the company is still experiencing a cash outflow. Revenue saw a decline of 13% to C$66 million due to divestitures in certain businesses. For the complete story, please refer to the following link: [link to full story]. Weekly Update – Top Cannabis News Stories: 1. Top Story: Tilray announces the acquisition of four craft beer breweries from Molson Coors. 2. Lifeist’s Chairman provides insight into…

Dividend Aristocrats are favored by Canadian investors seeking stability and a moderate level of inflation protection in their dividend income. Nonetheless, there is a range of options among the Aristocrats. Some offer strong growth potential, while others provide a good balance of yield and capital preservation, if not appreciation. The appeal of these Aristocrats is also influenced by market conditions. During bear markets, the stocks may experience a decline and offer attractive high yields. Conversely, when the market is on the rise, they may enhance dividend-based returns with capital appreciation, especially if purchased at the right time. Various factors play…

Many investors who prioritize stable and reliable income over growth choose to invest in dividend stocks with a long-term perspective. The goal is to gradually build wealth, create a substantial nest egg, and secure a comfortable retirement with consistent lifetime income streams similar to pensions. A crucial element of this investment strategy is selecting a core holding that meets certain criteria to withstand market fluctuations and sustain dividend payments over an extended period. One such top-of-mind choice in the energy sector is a leading energy infrastructure company with a market capitalization of $115.9 billion and a dividend yield of 6.9%…

Quarterly earnings reports have the potential to greatly impact stocks on the Toronto Stock Exchange (TSX), with an average price movement of 5 to 10% following an earnings announcement. This movement can be particularly significant if the results either exceed or fall short of analyst expectations. In this analysis, we will focus on stocks that are anticipated to surpass earnings estimates or perform well. Two such stocks that are worth considering are highlighted below. Firstly, there is a Canadian aerospace and defense company that specializes in training and simulation solutions, but has faced challenges in the past year with a…

The stock of Suncor Energy (TSX:SU) has shown significant growth this year, with a 30% increase year to date, exceeding the TSX Composite Index. If an investor had put $10,000 into Suncor stock at the beginning of the year, they would have seen a $3,000 return by now, not including the 3.91% dividend yield. The strong performance of Suncor Energy stock in line with the increase in oil prices, with the stock outperforming the commodity it sells by three times. While this may suggest the stock is overvalued, there are other factors to consider. Despite the impressive rise, there may…

Following an initial surge to all-time highs in October 2018, shares of a prominent cannabis company currently trade nearly 98.6% below peak levels. Investor confidence soared following Canada’s legalization of recreational marijuana in October 2018. However, the Canadian cannabis industry has since grappled with various challenges, including heightened competition, oversupply of products, high inventory levels, and negative profit margins. Several marijuana producers facing substantial cash burn rates were compelled to raise equity capital multiple times, resulting in significant dilution of existing shareholder wealth. Additionally, established players, including the aforementioned company, pursued acquisitions at inflated premiums to expand their market share…

Quarterhill, a company in the tolling and transportation technology sector, reported positive cash flow from operations in Q2 2024 for the first time in two years. Cash from continuing operations for the quarter and the six months ending June 30, 2024, amounted to US$0.8 million and -US$9.3 million, respectively, showing improvement compared to the previous year. Quarterhill specializes in tolling and enforcement solutions within the intelligent transportation systems industry. The company’s stock has seen a 5.88% increase year-over-year but has experienced a 7.95% decrease since 2019. In terms of key quarterly highlights, Quarterhill recorded revenue of US$41.5 million for the…

The renewable energy sector is currently attracting significant attention in the markets due to government support, high revenue growth rates, and a sense of social responsibility. While not all renewable energy stocks may be winners, there are notable companies within the sector that continue to perform well. One such company listed on the TSX that provides exposure to renewable energy in a diversified manner is Brookfield. Brookfield (TSX:BN) is a diversified financial conglomerate and part-owner of Brookfield Renewable Partners (TSX:BEPC), a major player in the renewable power industry. Brookfield Renewable Partners recently made headlines by signing the largest clean energy…