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 »
Posts Categorized: Personal Finance
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 »
Painful sell-off is running out of steam, market bull Ed Yardeni says
Description: There may be some relief in sight for investors. Long-time market bull Ed Yardeni believes the painful sell-off is running out of steam. “I don’t expect more than a garden variety correction, which would be a 10-15% drop,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. Source: CNBC.com – video report Date: Nov… Read more »
Canadian Tire raises quarterly dividend, reports Q3 profit and sales up from year ago
Description: Canadian Tire Corp. Ltd. reported a surge in sales in its third quarter as the pandemic continued to encourage one-stop shopping and a larger “basket size” as shoppers stocked up to avoid multiple trips to the store. Source: Yahoo.Finance.com Date: Nov 05, 2020 Link: https://ca.finance.yahoo.com/news/canadian-tire-raises-quarterly-dividend-115028642.html Questions for discussion: Summarize and explain the financials at… Read more »
Increased Screen Time for Children and Teens Is Likely Here to Stay
Description: The screen-time wars are over in many households, with parents having surrendered en masse. In a period when large numbers of parents and school kids are stuck at home with one another, this is one battle many parents choose to forego, at least for now. Source: eMarketers.com Date: Nov 04, 2020 Link: https://www.emarketer.com/content/increased-screen-time-children-teens-likely-here-stay?ecid=NL1001 Questions… Read more »
Chipmakers AMD and Nvidia are using skyrocketing stock prices to make industry’s biggest acquisitions
Description: The semiconductor industry is experiencing historic consolidation, thanks to a wild rally in the stock market. In the past six weeks, two of the biggest three acquisitions ever in the chip industry have been announced, after AMD said on Tuesday that it’s buying Xilinx for $35 billion. Last month, Nvidia agreed to acquire Arm from SoftBank in a deal worth $40 billion. Source: CNBC.com –… Read more »
