Description: Walmart and Target both reported stellar third-quarter earnings this week, sending their shares soaring. And once again, the biggest headline for both was e-commerce. Walmart (WMT) said its online sales rose 79% in the quarter. Target (TGT) said its online sales rose 155%. Source: Yahoo.Finance.com – video report Date: Nov 20, 2020 Link: https://ca.finance.yahoo.com/news/target-and-walmart-prove-the-pandemic-ecommerce-surge-wont-reverse-133454888.html Questions for discussion:… Read more »
Monthly Archives: November 2020
8VC founder Joe Lonsdale on why he decided to move this company from California to Texas
Description: 8VC founding partner and Palantir co-founder Joe Lonsdale wrote in an op-ed for the Wall Street Journal this week about why he decided to move his company from California to Texas. He joins ‘Power Lunch’ to discuss what tipped him over the edge and the reasons behind the decision. Source: CNBC.com – video report… Read more »
Burberry releases interim results, operating profits fall 75%
Description: The COVID-19 pandemic significantly hurt sales at Burberry but a recovery is already underway. Yahoo Finance’s Brian Sozzi breaks down the Luxury company’s latest results and what it signals for the retail sector. Source: Yahoo.Finance.com – video report Date: Nov 12, 2020 Link: https://ca.finance.yahoo.com/video/burberry-releases-interim-results-operating-152136905.html Questions for discussion: Explain what has happened to the stock… Read more »
Short sellers lost $5.5 billion so far in November. Here are the trades that hurt the most
Description: It has so far been a bruising November for those investors betting against cyclically oriented sectors that have been hobbled due to the spread of a coronavirus and social-distancing measures. Source: MarketWatch.com Date: Nov 12, 2020 Link: https://www.marketwatch.com/story/short-sellers-lost-5-5-billion-so-far-in-november-here-are-the-trades-that-hurt-the-most-11605126134?mod=home-page Questions for discussion: What happened to short-sellers during November? Which stocks were particularly hard hit and… Read more »
McDonald’s ‘McPlant’ announcement spooked Beyond Meat investors, analyst says
Description: Shares of Beyond Meat cratered as much as 28% Monday in after-hours trading following the release of disappointing third-quarter results, capping off a frenzied day of trading for the volatile stock. Source: CNBC.com – video report Date: Nov 09, 2020 Link: https://www.cnbc.com/2020/11/09/mcdonalds-mcplant-news-spooked-beyond-meat-investors-analyst-says.html Questions for discussion: What caused investors to sell off the stock? Why is the supply… Read more »
Barberian’s Steak House owner ‘shocked’ after COVID-19 pivot triggers CRA audit
Description: One of Toronto’s top restaurateurs said he couldn’t believe his eyes after the Canada Revenue Agency decided to audit his business as it continued to struggle with the pandemic. Source: BNNBloomberg.com – video report Date: Nov 12, 2020 Link: https://www.bnnbloomberg.ca/barberian-s-steak-house-owner-shocked-after-covid-19-pivot-triggers-cra-audit-1.1521108 Questions for discussion: Summarize the damage done to restaurants, landlords and suppliers by the… Read more »
Lyft Co-founder on food delivery opportunities, future of ridesharing
Description: Lyft Co-founder John Zimmer joins Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman to discuss how the ride sharing company is faring amid COVID-19. Source: Yahoo.Finance.com – video report Date: Nov 12, 2020 Link: https://ca.finance.yahoo.com/video/lyft-co-founder-food-delivery-153323158.html Questions for discussion: How well is Lyft managing during this time of covid? What are the ways Lyft… Read more »
Beyonce, Peloton strike multiyear content partnership, sending bike maker’s shares higher
Description: The bike maker Peloton announced Tuesday morning a multiyear partnership with singer-songwriter Beyonce to produce exclusive content with her music for its streamed workout classes. Source: CNBC.com – video report Date: Nov 10, 2020 Link: https://www.cnbc.com/2020/11/10/beyonce-and-peloton-in-multiyear-content-deal.html Questions for discussion: Explain the fit between these two brands. Why has the stock done so well? What further advice… Read more »
Coronavirus ‘dramatically accelerated’ e-commerce up to 5+ years: Kohl’s CEO
Description: In a new interview, Kohl’s (KSS) CEO Michelle Gass told Yahoo Finance that COVID-19 has “dramatically accelerated” online shopping, shifting customer behavior up to five or more years earlier than it would have otherwise. Source: Yahoo.Finance.com – video report Date: Nov 05, 2020 Link: https://ca.finance.yahoo.com/news/coronavirus-dramatically-accelerated-ecommerce-kohls-ceo-151151159.html Questions for discussion: What has been the effect of… Read more »
Hanes Plummets as Champion Owner Announces a Business Review
Description: Hanesbrands Inc. shares plunged as much as 16% after the company reported a review of its business and a slump in sales at a time when everyone’s wearing sweatpants. Date: Nov 05, 2020 Link: https://www.bloomberg.com/news/articles/2020-11-05/hanes-plummets-as-champion-owner-announces-a-review-of-business Questions for discussion: What is the financial story at the firm? What do you believes explains the decline in sales?… Read more »
