Making sense of the markets this week: March 10, 2024 Mar 8th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Reddit, birthplace of the meme stock, is going public. Here's what to expect - CBC News + MORE Mar 14th

Reddit, birthplace of the meme stock, is going public. Here's what to expect  CBC NewsIPO Edge's Jannarone: Eyes on Reddit as 2024 Tech IPO Bellwether – Schwab TV  Yahoo FinanceCan Reddit Survive Its Own IPO?  WIREDHere's how Reddit plans to price shares when it goes .... More »
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Making sense of the markets this week: May 19, 2024 + MORE May 17th

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Inflation is down, so stocks go up The correlation between lowering inflation rates and inflated stock prices conti.... More »

Making sense of the markets this week: March 24, 2024 Mar 22nd

Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. Lower inflation clears runway for rate cuts Canadians dreading their spring and summer mortgage renewals got some good n.... More »
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Canada Goose, Lightspeed report earnings + MORE May 16th

Two Canadian companies report their fourth-quarter earnings this week, along with some other news. Canada Goose reports $5M Q4 profit, YOY revenue up 22% Canada Goose Holdings Inc. (TSX:GOOS) reported a profit in its fourth quarter compared with a loss a year earlier as its revenue rose 22%. T.... More »

Going to be painful for Tesla to endure price cuts, says Craig Irwin - CNBC Television Apr 22nd

Going to be painful for Tesla to endure price cuts, says Craig Irwin  CNBC TelevisionTesla slides 3% in premarket, Li Auto sinks 8% as EV makers slash prices amid fierce competition  CNBCTesla shares drop on price cuts in run-up to earnings  Yahoo FinanceTesla cuts pric.... More »
Making sense of the markets this week: March 10, 2024Allan Small, Senior Investment Advisor at the Allan Small Financial Group with iA Private Wealth, shares financial headlines and offers context for Canadian investors.

Earnings beat expectations—as expected

As we close out the first quarter’s earnings season, the biggest takeaway is that there were no surprises. Analysts’ expectations were largely met or exceeded. For example, Target reported earnings per share of $2.98 and revenues of $31.92 billion, beating expectations by 23.52% and 0.22%, respectively. (Figures in this section are in U.S. dollars.) It wasn’t just Target—between 70% and 80% of businesses reported first quarter earnings that beat expectations. This is what we usually see at this time of year. 

However, dig a little deeper and the picture isn’t as typical as it may seem. Even though top-line and bottom-line growth beat expectations, when we compare these results to earnings from a couple of years ago, we notice that growth and profitability are slowing in some areas of the market…

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